The last bit of the description of XB from ASX website confirms:
"XB displays for a security from the morning of the ex bonus date (generally one business day before the record date) and remains until the close of trading on the bonus issue date. Trading in a security displaying XB on ASX Trade does not carry the right to receive the bonus issue. For more information refer to the description of cum bonus. All orders are purged at the end of the trading day prior to the security being quoted on an XB basis."
AXE Price at posting:
$1.47 Sentiment: Buy Disclosure: Held
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