Anatol,
MC were forced sellers of not just Pure Energy at that time.
They also had to dump a couple of other major oilers.
Just go back and look at the "Change in Substantial" in STO and BPT around that time.
Simple reason - need cash to meet redemption.
These guys are highly geared as well!
They have no choice - their clients want their funds back!
It has nothing to do with PE's share price and where it would be in 3 months time.
That is fact.
MEO Top Twenty.
National Nominees , ANZ Nominees, JP Morgan, HSBC, Citicorp on the share register do not automatically mean that they are professional/institutional investors. These are nominee companies - I use one of them myself. Posters here trading through some brokers, on-line brokers, CFDs and other similar brokerages have their shares held in one or the other of the above nominee companies. E*Trade is owned by ANZ so no price for guessing where their shares are held.
What is obvious from the Top Twenty is that the TT shareholders has ONLY 19% of the shares on issue![See MEO website].Seriously pathetic and without a doubt telling us that the register has non existent professional investors.
Look anywhere where professionals are on board - the TT will own circa 50 to 60% of shares on issue [those with no major corporate holdings].
You could well be right on the SP trading at $1 - if a very positive Timor Sea deal were to happen. And you will still need real investors to push and SUSTAIN a $1 SP.
Assuming we are not about to enter a rampant bull market.
KAR
I thought KAR was crazy at one point with a market value of $1.5+ billion! It does have exciting acreage in the Santo Basin/Offshore Brazil. It still didnt make fundamental sense to me. MEO at $1 will still have a market value of less than $500 million. One thing for sure - daytraders and retail shareholders are not capable of sustaining high market value - in most cases.
Would I like to see MEO with a market value of $1 billion?
I believe MEO has great potential upside if all its stars are aligned. I am just trying to be realistic and informative - sharing life experiences.
Cheers, Gasbag
- Forums
- ASX - By Stock
- MEO
- capped like crazy??
capped like crazy??, page-32
-
- There are more pages in this discussion • 42 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MEO (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online