now on per of 26x, page-4

Not really the same.... MEO stuck in middle of 2 big gas fields... this is a cyclical recovery story...

Read:

Group operating performance has been negatively affected by the global financial crisis, weak business confidence, highly competitive tenders causing margin erosion, and restructuring expenses. Management has responded to these business conditions by addressing staff numbers and working
hours, reducing overheads and realigning future business focus. The restructuring expenses have been significant and coupled with the trading performance is likely to cause the Group to report an operating loss for the full year. In addition, the Board is reviewing the Group’s property portfolio and envisages that asset and investment values associated with the property portfolio may need to be
written down by approximately $15 million.

Buying now is just sheep mentality......my view is just beware and good luck.

I benefitted from ASI in MEO as I owned before. Wouldn't have bought it because they say WOW look 5000% upside.