g'day people. just came accross some interesting information...

g'day people. just came accross some interesting information which sort of backs up some of our thinking in that a lot of AXM stock is tied up with longer term investors.

"The turnover rate in the 12 months to date was 46.2% (or a turnover period of 2 years 58 days). This average length of ownership of the stock at 2.05 times the average holding period of 1 year 20 days for stocks in the S&P/ASX 200 Index suggests a larger number of core investors, making a long-term investment safer.
% Disc to High and % Prem to Low: The last price is at a discount of 45.3% to the 12-month high of $1.42 and a premium of 30.0% to the 12-month low of 60.0c. "

also shows we are sitting in the middle SP wise compared to highs and lows and probably well placed for the next leg up in the coming months.. as always we'd like to see it higher ofourse ;)

cheers
Davo