Pitt street valued BRN at $1.50 in 2021. Guess what, the SP hit $2.23 in January 2022. A quick glance at the charts will show that.
Talking about charts a quick glance shows gaps above to be filled above at 46 cents from 26/2/24 and $1.925 on 20/2/24.
Worth a punt at the current SP?? Your call.
One piece of really good news should see those gaps wiped like a dirty nose.
If you can find errors in the Pitt Steet report please list them in a post. They can then be forwarded to PItt Street for consideration to release an amended report. No has been able to eek out errors so far.
They simply provide research for companies not otherwise covered. Nothing complicated. Mostly just facts. If they issued poor reports they would not be in business.
They (Pitt Street) do note that BRN's patent portfolio is a valuable asset. They value BRN at $1.59. Circa 8 bags from here.
Worth a punt? Your call.
BRN is in an industry segment about to embark on explosive growth. BRN has 1st mover advantage with a 1st class patent portfolio including GEN 2 and TENNS. Worth a punt? Your call.
For those fixated on revenue alone they may miss the portfolio boat. So be it.
The words you use appear to be a copy and paste straight from the shorters guide for downramping. "Ridiculous" and "joke". Downrampers are urged to use putdowns at every opportunity. If you understand that its 'water off a ducks back'.
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