Anyone MEO SH that is happy with the performance of the MEO SP post farm in would have to be a sadist imo...
The SP was worth nearly double 6 months ago pre farm in... and no we havn't had another GFC in between (only a rise in the overall market whilst MEO's SP slowly slid).
So how is it that the SP can be worth almost half, post farmin than pre?
Increased risk - No?
Quality of the deal? - No, Over 200mio back in MEOs pocket -Size or exp of partner - No, 5th largest oiler with best practise deep sea exp
Future hurdles - No, the same future hurdles existed pre farmin
Cappers - maybe partially, but I don't think so for the larger part
Pace of deal - maybe - seems to be the most logical answer imo. A series of false starts and delays could not have improved trust in management and maybe moved a many potential SHs to the side.
(I personally think management have done a solid job)
Other thoughts?
- Forums
- ASX - By Stock
- MEO
- capped like crazy??
capped like crazy??, page-38
-
- There are more pages in this discussion • 36 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
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online