Yeah, it's getting very interesting. I held shares in AX1 for a long time and they were good to me. I've only ever owned shares in a few Retailers simply because they don't as easily get to control their own destiny, so no great moat available. I sold out of the couple I did own last year when lockdowns in NSW and Victoria became the last straw as far as I was concerned. Those companies have struggled in recent times through no fault of their own. But there's a couple of them that I thought have been priced down substantially. In fact priced down below where I think their worth rests even with the issues of costs increases, supply chains and interest rate rises ahead of them. I'd about reached the point where I thought it was time to step back in when Brett made his moves. I suspect their annual report won't suggest that their real worth (forget what the stock market does) is much greater than $1.30 - $ 1.40 but I think that its value will rebuild to a much higher number than that after this next report as they start to get dealt a better hand.
AX1 Price at posting:
$1.40 Sentiment: Hold Disclosure: Held
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