Charlie's stake rise nears threshold

Charlie's cornerstone shareholder, Collins Asset Management, is sure to spark speculation over its intentions for the juice company after it yesterday disclosed it had lifted its stake from 19.4 per cent to 19.9 per cent.

This is just under the threshold at which it must launch a takeover offer for the company.

Collins Asset Management is a private investment company associated with Primecare founder Bev Collins, who sold that company's retirement village assets last year for $130 million.