BRN Discussion Ongoing

[wilzy123]

Another push down of the price today leading up to the 4C.
The good thing about BRN is that not a lot of information is public, so the shorters know as much as we do hopefully?
If the 4C is so so, most of us just keep holding anyway. If it’s a cracker, we hold anyway but I can picture the potential skid marks for some .
Good luck!

I just help'd ma self to a little more today because of this push down.

 

[Fact Finder]

Is the annual report delivered on 31st or due before or on the 31st. TIA.

https://www2.asx.com.au/content/dam/asx/markets/company-reporting-calendars/company-reporting-dates-2022.pdf

The dates on the calendar are last dates by which the type of report should be delivered.

In Brainchip’s case the last date by which the September quarter 4C should be delivered is 31 October. Brainchip has historically delivered its 4C report close to the last day.

Personally I like this pattern because any surprise that might have occurred at the end of a Quarter being reported upon can be comfortably addressed and the market will not be running around saying something must be wrong because they normally report by the first Friday in the following month in the present case October.

Predictable is as predictable does. It provides certainty.

My opinion only DYOR
FF

AKIDA BALLISTA

 

[Slade]

I lived in China for five years previously and returned to Australia a couple of years ago. I can tell you with 95% certainty after many conversations with friends living over there that over the last week, the reason the markets are not reacting well is that many in China thought that the zero-Covid policy will be overturned so Xi Jinping can win favour amongst those local municipalities like Shanghai who have suffered more with the draconian measures there not so long ago. Many were wrong and Xi has bigger balls than most expected. He also disgraced ex-President Hu Jintao who opened up China between 2004-15 by escorting him out of the very scripted conference.

History doesn't repeat and often rhymes, and I do think the now majority middle-class will not accept China closing itself after nearly 30 years of opening up and tolerance will only go so far.

Modern China (The PRC) run by the CCP has not even been around for 80 years and looking back at rich and damned interesting Chinese history, revolution will certainly not be dismissed.

To relate to Brainchip, like FF said, lucky we have our literal and figurative chips in the US.

But for the markets in general, the macro environment will not give one bullish sign this year. I was hoping the China situation could have been it.

What you say makes sense. I lived in China pre Covid and drew the conclusion that most people living in the cities, which is most people living in China, were very proud of their leader. Many of the millions and millions of city dwellers enjoy a relatively new middle class standard of living. But I guess like all people around the World, they will slowly become unsatisfied with middle class and long to be rich. Opening up to the World has created some billionaires in China. Billionaire Chinese people living in China create problems for the CCP. Not sure how a democracy like ours would go in China.

 

[Fact Finder]

If its so so, the shorters are gonna short the fk outta brn I hope it's great, perhaps more than 5 mill of cash inflow

It is a fools paradise where retail believe there is a market where no shorters exist.

I have said it before Shorters never ever go away they just become more experienced and with greater wealth and connections behind them to ply their trade.

As institutional interest grows which yesterday someone suggested was now standing at about 250 million BRN shares so too will the number of shares being made available for lending to Short sellers.

We are moving from short reserve grade to short premier league.

Premier league shorts seldom burn as they are big enough and ugly enough to insure their positions.

Shorts are just part of the fabric and will not go away regardless of what income is recognised in the 4C.

My opinion only DYOR
FF

AKIDA BALLISTA

 

[Xhosa12345]

5M on low side, maybe 8 to 10M on high side - thats my punt.

2.5M in trade debtors as at 30 June, plus 1M in research tax credits on the balance sheet - so if they collected all that, its 3.5M

and im hoping they have at least 1.5M in cash received from license revenue coming through also

i really wish the ASX rules stated that quarterly accounts are released on an accrual basis also, but we'll just have to extrapolate and guess as best we can what the true accrual revenue for the quarter.... which wont be proven until next quarter.

Anyway i'll be happy enough with $5M, and stoked with anything higher.

remember its in USD also, so times that by 1.5 to get to AUD!

outgoings should be around 4M to 6M - so if we hit the 5M we are nearing the inflection point

 

[Fullmoonfever]

Just something to keep an eye on.

 

[Fact Finder]

I lived in China for five years previously and returned to Australia a couple of years ago. I can tell you with 95% certainty after many conversations with friends living over there that over the last week, the reason the markets are not reacting well is that many in China thought that the zero-Covid policy will be overturned so Xi Jinping can win favour amongst those local municipalities like Shanghai who have suffered more with the draconian measures there not so long ago. Many were wrong and Xi has bigger balls than most expected. He also disgraced ex-President Hu Jintao who opened up China between 2004-15 by escorting him out of the very scripted conference.

History doesn't repeat and often rhymes, and I do think the now majority middle-class will not accept China closing itself after nearly 30 years of opening up and tolerance will only go so far.

Modern China (The PRC) run by the CCP has not even been around for 80 years and looking back at rich and damned interesting Chinese history, revolution will certainly not be dismissed.

To relate to Brainchip, like FF said, lucky we have our literal and figurative chips in the US.

But for the markets in general, the macro environment will not give one bullish sign this year. I was hoping the China situation could have been it.

I read quite some time ago that China’s economic miracle had created a middle class numbering in excess of 200 million.

Many of the ruling CCP have learned to live with middle to upper middle class opportunity.

Both groups have come to expect that their children will have at least the same opportunity for a similar quality of life.

I have no idea how long it will take for these people to question why this has been taken away from them and for what purpose and why their children now have been denied a similar future.

Eventually something has to give.

You only have to look at the United States to see what happens when a large section of society is denied the future that their parents and grandparents enjoyed.

My opinion only DYOR
FF

AKIDA BALLISTA

 

[Violin1]

I just help'd ma self to a little more today because of this push down.

Me too. I just get annoyed and buy some just for interest, hoping it's their shorting chips I'm buying!

 

[robsmark]

I need to check my calendar, I’m almost certain it’s nearly time for my quarterly tantrum about communication and the share price…

 

[Bravo]

Tesla cars will not be approved as fully self driving this year, Musk says. With some analysts saying the primary problem is not the regulators but the software itself!​

Tesla cars will not be approved as fully self driving this year, Musk says

Tesla Inc's advanced driver assistant software will not gain regulatory approval in 2022, Chief Executive Elon Musk said, signaling that the company is not yet able to satisfy authorities that its cars can be driven without someone behind the wheel.

www.reuters.com

 

[alwaysgreen]

I need to check my calendar, I’m almost certain it’s nearly time for my quarterly tantrum about communication and the share price…

Hypothetically, which would you prefer.

Option a - Next (not the upcoming) 4C, $50 million revenue but zero announcements between between now and then.

Option b - 6 price sensitive announcements of contract signings between now and the next 4C but only $5 million in revenue.

I know what my choice is. All day every day I am going for option a.

Sure I would like more announcements of contracts and partnerships etc but at the end of the day, profit is king!

 

[VictorG]

If a slightly better than expected 4c is released after close of trade this afternoon, BRN's share price could very easily open higher by 10 cents or more tomorrow morning.
I will never understand how shorters are so oblivious to the risks of their blind stupidity.

 

[Pmel]

WTF very annoying

 

[jk6199]

Well that's interesting!

Had an order in at .87 and until 4.09.45secs it looked like my order would be filled at possibly .86.

Then all of a sudden, my whole order missed out at my original price of .87.

There has been talk on this site about the integrity of the ASX, I think I just witnessed it first hand?

Any ideas?

 

[equanimous]

Well that's interesting!

Had an order in at .87 and until 4.09.45secs it looked like my order would be filled at possibly .86.

Then all of a sudden, my whole order missed out at my original price of .87.

There has been talk on this site about the integrity of the ASX, I think I just witnessed it first hand?

Any ideas?

Royal commission i reckon. Where is the best place to get a pitch fork

 

[BaconLover]

WTF very annoying

That's @wilzy123 and @Violin1 wiping the offer lines.

 

[Cardpro]

Hypothetically, which would you prefer.

Option a - Next (not the upcoming) 4C, $50 million revenue but zero announcements between between now and then.

Option b - 6 price sensitive announcements of contract signings between now and the next 4C but only $5 million in revenue.

I know what my choice is. All day every day I am going for option a.

Sure I would like more announcements of contracts and partnerships etc but at the end of the day, profit is king!

Although I am not gonna sell a single share, I think it will be, zero announcements between now and them with 5 Mill in revenue lol

 

[BaconLover]

Well that's interesting!

Had an order in at .87 and until 4.09.45secs it looked like my order would be filled at possibly .86.

Then all of a sudden, my whole order missed out at my original price of .87.

There has been talk on this site about the integrity of the ASX, I think I just witnessed it first hand?

Any ideas?

Algo trading.
Most of the time you won't see the bid, it's hidden, which is why sometimes we see queue jumping on our orders.
All legal at the moment, unfortunately for us sardines.

I never place my bids or offers anymore for everyone to see.

If I want to buy, I buy from the offer and if I want to sell, I sell into the bid. Not prepared to wait and be played in the big games. I may lose a little bit in this process, but I'd rather that than being a puppet.
Even then the algos trade (apparently they place trades as fast as 300 times a second, or more!) but we can't beat it, so I just try to control what I can control.

 

[cassip]

Now here is a good news story and guess which revolutionary technology company decided it did not need China over two years ago:

Chinese stocks hammered across the globe

25 Oct 2022 - Behind the US market strength overnight, the real news in the markets this week was the Hong Kong market where shares faced a wave of selling after the conclusion of the Chinese Communist Party’s national congress meeting over the weekend.The Hang Seng Index fell 6.4% on Monday, the biggest one-day decline since the global financial crisis”

US Markets - UP

Chinese Markets - DOWN

My opinion only DYOR
FF

AKIDA BALLISTA...

...only the German chancellor is desperate to sell a piece of the port of Hamburg to China.

Olaf Scholz ready to sell Port of Hamburg shares to China

German Chancellor Olaf Scholz is ready to sell the shares of the port of Hamburg to China, but six ministers in the German government oppose it, who

tekdeeps.com

 

[Deleted member 118]

Well that's interesting!

Had an order in at .87 and until 4.09.45secs it looked like my order would be filled at possibly .86.

Then all of a sudden, my whole order missed out at my original price of .87.

There has been talk on this site about the integrity of the ASX, I think I just witnessed it first hand?

Any ideas?