Ann: Change in substantial holding from HRS , page-6

  1. 1,111 Posts.
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    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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(20min delay)
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
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Last trade - 16.10pm 10/07/2025 (20 minute delay) ?
AXE (ASX) Chart
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