I understand that with POO and all the doom & gloom being reported about China, is not helping the Meo share price ,
In January the amount of meo shares traded in one month was more than double when you compare to the previous 12 months and this I would say has contributed largely to Meo's share price dropping the way it did.
If you refer to the top 20 shareholders report as per Meo's website, the following shareholders sold off their shares in January .
Mrs Melanie Herpen 13167709 shares 1.85%
Mr Dean Herpen 5844988 shares .78 %
Select Investment Super 6350000 shares .85 %
Total Amount 25362697
The sale of this amount of shares must have affected the share price.
I was hoping that it was Mosman offloading their shares. But not the case.
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