The #1 SH, BEL, are unchanged at 27m (5%). They have remained the same since becoming a substantial SH in March 2011.
CS Fourth have dropped their holding (3.06%) but these shares appear to have been taken over by their parent company Credit Suisse Europe (3.04%). I wonder if this has anything to do with our European farmee?
JP Morgan are moving shares around, as usual. Notice their cash account - May 16.7m (3.11%), June 4.3m (0.81%), and now back up to 10.5m (1.95%) whilst their main account increased by 5m, nearly 1%.
Likewise the HSBC Acc#3 was empty (of MEO shares) in May, had 6.8m (1.27%) in June and is now empty again whilst their other two accounts remain at just about the same weight.
National are gradually increasing their holding whilst Comsec are continuing to fade in and out of the picture.
So there has been some accumulation and transfer of shares, whilst others are waiting, like us, for developments. This explains the flat line somewhat whereby SP momentum is directly proportional to positive announcements leading to trader interest.
Like you say, mambonee, the inevitable roller coaster will crank up again and we will be taken for another ride, as long as management keeps their finger on the button.
After the Artemis ride it has taken some time to gather our thoughts and take some new passengers on board. Sometimes it takes a while to crank up that first hill and over the hump before we start to free wheel once again.
For a LT investor in junior explorers, the trick is not to stress out in these lean times. We need to keep as up to date with the fundamentals as we possibly can and let the SP look after itself.
There are quite a few of us have been here since long before Artemis and, as such, have a reputation for withstanding pain whilst others look on in amusement.
I have a feeling we'll have the last laugh.
But that is only my opinion.
#:>))
MEO Price at posting:
17.5¢ Sentiment: LT Buy Disclosure: Held
