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
23.3¢ |
Change
0.003(1.09%) |
Mkt cap ! $421.9M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 24.0¢ | 21.5¢ | $2.424M | 10.77M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 390043 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 228759 | 13 |
View Market Depth
| Last trade - 13.26pm 04/10/2024 (20 minute delay) ? |
| BRN (ASX) Chart |