I'll be happy to buy another decent chunk of BRT but not while it continues to go down. With all the media articles and great ann's I'm surprised it didn't travel further upwards. Obviously most people don't follow the small cap's or are very cautious about buying them when the XAO is tumbling out of control. A lot of people like myself have also acquired quite large chunks off-market and are waiting to see how BRT goes. Acquisitions alone don't equal success, however acquisitions plus decent management, which I believe BRT now has, definitely increase the likelihood of success.
THings working against BRT atm are:
* High AUD cf USD
* Very small acquisitions and relatively new companies that are going to need a lot of work to really increase their revenue and profitability
* High risk of losing staff/expertise with these recent acquisitions
* A lot of capital raising recently by BRT recently under 10c and even at 15c
* BRT is a relatively new company with reasonably inexperienced staff in the Perth office
* Expectation of recession in the US which will decrease spending in US and its negative flow-on effects into other countries
* Manufacturing concerns of products coming out of China
I do believe if everything goes smoothly, BRT has massive potential. With the current state of the market I believe most people are not ready to buy BRT - they are in a wait and see zone, which is where I"m currently at until I see large increases in revenue or more positivity in the chart/share price
I'll be happy to buy another decent chunk of BRT but not while...
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