" Abraxus Investments PLC
("Abraxus" or the "Company")
Share Holdings in Company
The Company was notified on 6 December 2005 that Mission Capital PLC is interested in 6,624,444 ordinary shares of 5 pence each in the Company (" Ordinary Shares"), registered in the name of Pershing Keen Nominees Limited, representing 19.23 per cent of the issued share capital of the Company."
It seems abraxus (AXU) is developing an 80-room hotel in central budpest. company only valued at £2m with about £1m in cash.
So mission know how to spot value... but aren't they being a bit obvious with a 20% interest in a public company? if anything i would buy lots of AXU because it seems clear from mission's strategy that they are going to try and acquire a controlling stake in AXU, draw attention to the assets then pawn the development off?
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