Can't understand the market anomalies. Meo with $100M in bank and a number of projects supposed to be in the pipeline is traded between 20c-22c.
There are a number of spec companies out with capital of few 100Ks to a max of few million are trading almost with SP equivalent to or greater than MEO. One of them which I witnessed has a capital of 1.4M and trading around 19c.I am not upramping other stocks or downramping Meo here.
I think what is required from the management is timely market releases than they hiding in the nutshell and once in a blue moon, sending an annoucement regarding the progress of their projects (if at all they are working!!!). They got to keep MEO in the limelight if they want a fair value and to keep the market on its toes.
Sometimes, I wonder whether the management have given up after the failure of A1 being a duster.
MEO Price at posting:
22.5¢ Sentiment: Hold Disclosure: Held