Remember that APAC also had a holding in Old Peak who were essentially controlling the market in MLX shares, being the predominant force.
So it turns out that APAC used that time to increase their stake in MLX without informing the market and alerting the share price.
MLX did not enter into a buyback, though it had excess cash at the time and the shares were obviously cheap, which was handy for APAC as it reduced competition for the stock, allowing them to increase their holding more cheaply than would otherwise be possible.
What is the sanction for this late disclosure...
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Last
57.5¢ |
Change
0.015(2.68%) |
Mkt cap ! $509.6M | |||
| Open | High | Low | Value | Volume |
| 57.0¢ | 58.0¢ | 56.5¢ | $1.611M | 2.820M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 217848 | 57.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 57.5¢ | 14724 | 1 |
View Market Depth
| Last trade - 16.10pm 17/06/2025 (20 minute delay) ? |
| MLX (ASX) Chart |