capped like crazy??, page-28

Big guys sometimes sell because they have to.
They have to raise cash to meet redemptions.
It was GFC time - remember?
And investors - professional ones especially - want to cash up.
That is the reason - they don't sell because they are stupid. Matthew Capital and the rest of the hedge fund managers were forced sellers.

And about capping - too much is made here about share price capping going on. This is simply not the case IMO.
MEO daily trading has for months been in the hands/control of professional traders - these traders/proprietary traders include those that are employed by the broking houses themselves!

MEO is still in the speccy category and since the GFC professional investors are more discerning about where they put their money. Perhaps when MEO gets more traction with NT/P68 and TSLNG/TSMP it could attract professional investors on board. These are guys capable of buying licks of 10 to 20 million shares building their holding to several percent or more. There is simply no fundamental reason for the big hitters to play at this time. The top twenty tells us that.

Look at KAR - it has serious investors on its register right from the start. CUE has two corporate shareholders not professional investors and this takes away liquidity. There are other issues with CUE which I won't go into here.
At first sight, CUE market cap is substantially below its net asset value.

Anyone here thinking MEO SP will trade towards $1.00 soon is dreaming IMO. I own a swag of it and IMO, Artemis drilling success aside, the current management has the drive and ability to add serious value accretion through its Timor Sea assets. I am a longer term investor - sometimes.

Just my opinion.. Cheers, Gasbag