There is a very simple explanation why BRN has not had takeover offers.
AI at the Edge is expected to grow exponentially once it gets moving out of the starting blocks. It has just started moving but has not gained traction as yet and hence no or little revenue.
BRN as a result has a spec element to it.
Big players will not make a move until they know its a sure thing and they need to get on the fast moving express.
AI at the Edge is a new industry segment and AKIDA will have little use to those heavily invested in the old traditional cloud businesses.
So for holders BRN is set up with Gen2 just waiting for AI at the Edge to take off as predicted.
I can understand frustration but it will happen.
As an aside AI will not kill off the cloud ( not soon anyway) as some data will be more suited to a cloud environment. The AI at the Edge and the cloud will be so huge combined all big players in each segment will make huge $$.
We are just waiting patiently for the $ to arrive.
There is a very simple explanation why BRN has not had takeover...
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Last
27.5¢ |
Change
0.005(1.85%) |
Mkt cap ! $510.3M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 28.5¢ | 27.3¢ | $2.985M | 10.69M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 813401 | 27.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 601137 | 5 |
View Market Depth
| Last trade - 16.10pm 27/05/2024 (20 minute delay) ? |
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Last
28.0¢ |
Change
0.005 ( 3.59 %) |
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| Open | High | Low | Volume | ||
| 27.5¢ | 28.5¢ | 27.5¢ | 6052030 | ||
| Last updated 15.59pm 27/05/2024 ? | |||||
| BRN (ASX) Chart |