Check my previous posts - I have been posting for some time and posters here can work it out for themselves where i stand.
I don't ramp - up or down - and I don't make outrageous claims. I respect that we can all get carried away sometimes. MEO is one of my larger holdings and I also have a reasonable holding in CUE. [I cope abuse from CUE posters for my posts]. I have been following MEO for some years.
Top Twenty
The largest MEO shareholding is the JP Morgan nominee with ONLY 2.5%. The largest shareholder in KAR is Talbot Group [ex major MacCarthur Coal owner] with 14.87% and the second largest is the US fund Wellington Group with 12.95%. Obviously, Wellington's shares are held through HSBC Custody.
I am just stating figures and facts. As I said in the previous post - names such as HSBC, JP Morgan or ANZ Nominees do not necessarily mean that they are holding shares for professional funds. In MEO's case, there is no professional funds in those nominees. If you still think that I am wrong, check it with a phone call to MEO or with your friendly broker(s).
Have a good day, Cheers, Gasbag
MEO Price at posting:
44.0¢ Sentiment: Buy Disclosure: Held