Bouncy Bouncy5 Apr 2017 15:37
This ones bouncing around all over the place! No reason for the movement:
RNS Number : 6719B
BNN Technology PLC
05 April 2017
5 APRIL 2017
BNN Technology PLC
Statement re share price movement and Trading Update
The Board of BNN Technology (AIM: BNN), a London-listed Chinese technology, content and services company has noted the share price reaction over the past week and is not aware of any reason for today's share price movement.
Trading Update
Gross Transaction Volumes (GTV) through the company's platform have continued to progress well in recent weeks. Gross transaction volume has grown by 46% to over £400 million in the three months to March 2017, following £273 million in the three months to December 2016.
The company's financial results for the 12 months ended 31 December 2016 are scheduled to be released by the end of next week.
The company's NASDAQ listing process is also progressing, as previously announced. We are working towards completing the listing in Q3 2017.
Supported by the launch of the recently announced motorist platform, which we expect will generate revenues in H1, we continue to expect significant revenue growth for the Group in the current year. Since the initial announcement, we have added a second major fuel retailer to the motorist platform, in addition to the market-leading operator already reported.
The company continues to operate with a strong and healthy balance sheet, and began the calendar year with approximately £28 million of cash and cash equivalents.