It would take a large set of proverbials to buy into what I imagine will be a significant amount of people wanting to move their capital elsewhere. The global macro was already bearish on tech and this ANN probably seals the deal for the short term for BRN.
i suspect plenty were holding for this qtrly ANN and waiting to see if revenue was at least stable before choosing what to do.
btw I’m not passing comment on the tech, moreso just pointing out that a $1.5bn market cap that has no revenue won’t be at $1.5bn for long - particularly with global markets in bear mode.
Ann: Appendix 4C and Quarterly Activities Report, page-70
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Last
23.5¢ |
Change
-0.010(4.08%) |
Mkt cap ! $463.5M | |||
| Open | High | Low | Value | Volume |
| 24.0¢ | 24.5¢ | 23.5¢ | $635.7K | 2.666M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 719235 | 23.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.5¢ | 673103 | 22 |
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| BRN (ASX) Chart |