Acquisitions have been discussed many times on this forum - even shortly after BRN listed on ASX it was a hot topic. Reality is M&A can happen in many ways and personally I think it is too early.
Sure it would be nice to get CISCO to buy a stake in BRN but I rather see BRN securing significant projects and revenue driven deals first - imagine VOLVO, NISSAN RENAULT ALLIANCE or TOYOTA (just one of them) signing up a deal with BRN using their SNAP technology for its autonomous vehicles... This kind of deal will drive SP up significantly and ultimately CISCO or anyone else interested in a stake will have to pay a lot more per share. Peter Van Der Made knows his technology is superior and he is not in a hurry nor is he desperate, IMO.
Remember; patience is bitter but its fruit is sweet.
In my view, let’s establish some significant revenue driven projects/deals first then M&A will become a lot more interesting.
GLuck to all!
All Eyes on Cisco in coming weeks, page-8
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Last
22.0¢ |
Change
-0.005(2.22%) |
Mkt cap ! $408.3M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 22.5¢ | 21.8¢ | $1.107M | 5.019M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 110458 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 355185 | 24 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| BRN (ASX) Chart |