I am surprised that the 3 million was sold by Hudson and it could of been many reasons for the sale. My suspicions tell me that the 3 million they originally bought from Raffles were warehoused within Hudson's until which times a more suitable long term holder was available.
Hudson still maintain their core holding (6.5m shares) and they have also been off loading a majority of their stake in ABZ (which was in escrow until just recently)
Its important to remember that Hudson are an investment house and they were essentially seed capital in a number of resource companies. Hudson have no interest in taking over AXE and main investment objective is to diversify their assets.
The fact that the 2 million which was put through the other day was picked up without knocking the share price around shows they went to a pretty good home imo.
Another thing that surprised me was Alice Cleary subscribing to the SPP. It's clearly not oversubscribed. Those shares at 30 cents are a gift peoples and if you haven't BPayd your funds you better get cracking!!!
- Forums
- ASX - By Stock
- AXE
- Ann: Change in substantial holding from HRS
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AXE (ASX) to my watchlist
|
|||||
Last
25.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $63.71M |
Open | High | Low | Value | Volume |
24.5¢ | 25.0¢ | 24.5¢ | $2.268K | 9.255K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 92018 | 24.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.0¢ | 24361 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 92018 | 0.240 |
7 | 115476 | 0.235 |
6 | 133345 | 0.230 |
15 | 495287 | 0.225 |
9 | 143026 | 0.220 |
Price($) | Vol. | No. |
---|---|---|
0.250 | 14361 | 3 |
0.255 | 22000 | 1 |
0.260 | 24235 | 3 |
0.265 | 35448 | 4 |
0.270 | 22000 | 2 |
Last trade - 10.00am 09/09/2024 (20 minute delay) ? |
Featured News
AXE (ASX) Chart |