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BNN Technology - still hugely overvalued. Sell.

By Lucian Miers | Tuesday 11 April 2017


Disclosure: The author has a short position in one or more of the shares mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


I hadn’t heard of BNN Technology (BNN) until last Wednesday, when the shares tanked nearly 30% without any news, forcing the company to issue a statement to the effect that revenue was expected to grow this year, the prelims for year to Dec 2016 will be out before Easter and that the company was sitting on £28 million cash at the beginning of the year. I thought this warranted a closer look.


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