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!!!
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Last
28.0¢ |
Change
0.015(5.66%) |
Mkt cap ! $71.35M |
Open | High | Low | Value | Volume |
28.0¢ | 28.0¢ | 26.5¢ | $72.04K | 259.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 27.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
28.0¢ | 69346 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 0.270 |
4 | 24065 | 0.265 |
7 | 255986 | 0.260 |
3 | 54500 | 0.255 |
3 | 57000 | 0.250 |
Price($) | Vol. | No. |
---|---|---|
0.280 | 69346 | 2 |
0.285 | 90000 | 3 |
0.290 | 129978 | 5 |
0.295 | 50000 | 3 |
0.300 | 85314 | 5 |
Last trade - 16.10pm 10/07/2025 (20 minute delay) ? |
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AXE (ASX) Chart |