Markets have always, and will continue in the future, to look forward. That is why there are large drops when a stock disappoints, this is the correction for the forward looking perspective being wrong.
My feeling with BRN is that our price is forward looking right now based on assumptions, and any sniff of the actual revenue that could be made will set another level on the share price.
This reset will happen well before the revenue leap is divulged to the market. Well before we get a 4C with the increased revenue. But also in turn, if the assumptions are incorrect then too will the price be affected.
Hence likely why Peter and BRN are careful. So as not to incur the wrath of error. This is a good thing.
IMO
Markets have always, and will continue in the future, to look...
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Last
26.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $482.5M | |||
| Open | High | Low | Value | Volume |
| 25.5¢ | 26.5¢ | 25.5¢ | $312K | 1.212M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 43 | 1055569 | 25.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.0¢ | 408883 | 12 |
View Market Depth
| Last trade - 10.45am 17/05/2024 (20 minute delay) ? |
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Last
26.0¢ |
Change
0.000 ( 1.25 %) |
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| Open | High | Low | Volume | ||
| 25.5¢ | 26.3¢ | 25.5¢ | 782814 | ||
| Last updated 11.01am 17/05/2024 ? | |||||
| BRN (ASX) Chart |