MEO NEN

Merger - my thoughts, page-9

  1. Value_Hunter
    4,727 Posts.
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    11/11/14
    09:16
    Post #: 14267273
    Sadly, management of both companies have an exceptional track record of pissing money up against the wall .....NEN was FORCED TO sell assets, and didnot make cashcalls into JV (and hence lost prospective acerage)......MEO has had plenty of opportunities to acquire a cash generating asset.......

    IMHO - Both co's meet my criteria of "retirement homes" and should be viewed as trading opportunities only .......the "deal" provides plenty of cash for this to continue.

    rgds
    Value_Hunter
    MEO Price at posting: 2.0¢ Sentiment: None Disclosure: Not Held
    NEN Price at posting: 3.2¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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