As I expected people are defensive, my point is not that brn is a great company I believe that. My point is they are at the pioneering part of an industry s-curve which means you cannot value this on fundamentals.Revenue / llicensing deals etc, I haven't seen any figures to support the current market cap let alone, the 16b alluded to in this thread.
Intel's revenue is 77b against a 200b market cap, BRN needs to trade alot higher than 4x revenue multiples to justify its run up and that's not simple in hardware
This makes it dangerous to buy now from a risk reward perspective and I personally think this stock is caught up in hype. Markets can turn that with a few headlines, may even be soon
.
.So The rally will pull back, how low is unknown, I think 78c .
2022 BRN Discussion, page-800
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Last
16.0¢ |
Change
-0.005(3.03%) |
Mkt cap ! $313.9M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.0¢ | 16.0¢ | $765.2K | 4.687M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 107 | 2575551 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 873768 | 15 |
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| Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
| BRN (ASX) Chart |