Interesting he has increased his stake to around 17%.
Will he just sit on it? RCG (now AX1) was as high as $1.55 not long ago (18 months ago) so if he could pick it up for 95 cents or $1.00 he is not overpaying for it IMO.
He bought 50% of the directors holdings for 95 cents so that would have to be a minimum starting price.
Share price has dropped today in tandem with Myer - retail if very tough in Australia at the moment - and the next 3 months should reveal just how tough.
Maye then he will pounce. or maybe he will just sit on 17% and a board position.
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Last
$1.50 |
Change
0.018(1.18%) |
Mkt cap ! $898.7M | |||
| Open | High | Low | Value | Volume |
| $1.48 | $1.50 | $1.48 | $360.6K | 241.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 18089 | $1.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.50 | 72415 | 32 |
View Market Depth
| Last trade - 11.12am 07/08/2025 (20 minute delay) ? |
| AX1 (ASX) Chart |