Interesting he has increased his stake to around 17%.
Will he just sit on it? RCG (now AX1) was as high as $1.55 not long ago (18 months ago) so if he could pick it up for 95 cents or $1.00 he is not overpaying for it IMO.
He bought 50% of the directors holdings for 95 cents so that would have to be a minimum starting price.
Share price has dropped today in tandem with Myer - retail if very tough in Australia at the moment - and the next 3 months should reveal just how tough.
Maye then he will pounce. or maybe he will just sit on 17% and a board position.
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Last
$1.52 |
Change
-0.005(0.33%) |
Mkt cap ! $910.7M | |||
| Open | High | Low | Value | Volume |
| $1.52 | $1.53 | $1.51 | $2.152M | 1.422M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7333 | $1.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.52 | 435 | 1 |
View Market Depth
| Last trade - 16.10pm 08/08/2025 (20 minute delay) ? |
| AX1 (ASX) Chart |