Will Brett Blundy now take over the rest of AX1 he does not own.
He bought up around 20% at 95 cents. Analysts considered fair value to be $1.19 before the stunning result today.
I reckon if he was going to take the whole company over, it would sometime after it does ex-dividend which would be after next Friday. Watch this space. The week after next it may come - he is cashed up and looking for something to buy. Remember, Ax1 or the or the old RCG was $1.96 at its height.
I reckon $1.25 is possible - board may be able to push it up to $1.30 - especially if a spoiler arrives on the scene to buy a blocking stake - say a big hedge fund manager.
Will Brett Blundy now take over the rest of AX1 he does not own....
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Last
$1.48 |
Change
-0.015(1.01%) |
Mkt cap ! $883.7M | |||
| Open | High | Low | Value | Volume |
| $1.49 | $1.49 | $1.47 | $1.721M | 1.168M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 77975 | $1.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.48 | 64559 | 22 |
View Market Depth
| Last trade - 14.27pm 31/07/2025 (20 minute delay) ? |
| AX1 (ASX) Chart |