Or...it's Greek Debt, plus Spanish debt, plus Portuguese private debt, plus Italian debt
No doubt international funds are currently shorting Aus banks.
I am no longer a MEO holder got out at 40 cents, but I continue to watch it with intrigue. Considering when Firb approval comes through they will have a shit load of cash it makes me wonder how it can go any lower. I think 18 cents of the SP will represent cash....so are the assets only worth 9 cents??? Unlikely...
MEO Price at posting:
27.0¢ Sentiment: None Disclosure: Not Held