Its good for investors to do their own research and make a decision to buy/or sell a stock.....another may be here, to take the advise or rather to note and copy the share investment decisions of hardened full time professionals.
Note the recent comment and decision to buy MEO....from this ASX listed funds manager, Bentley Capital.
Bentley say they looked at 100s of companies overthe last two years....and only decided to buy MEO earlierthis year. MEO paid about 21 to 22 cents for MEO shares.....same price as MEO shares are today.
From Bentley end of Jan...they have since icreased their holding in MEO to 5% of that company.
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"Print (PDF)20110214 BEL ASX NTA Backing as at 31 January 2011
MEO is an Australian based energy company holding exploration permits in the Carnarvon Basin,Timor Sea and North West Shelf of Western Australia. Bentley was attracted to MEO because of the value potential of its projects and strong balance sheet. A significant fall in MEO?s share price, after the company announced negative results from the drilling of an exploration well in December 2010,provided Bentley with the opportunity to accumulate a position in MEO at a value close to the cash backing of the company, where little value was being credited by the market to MEO?s portfolio of projects.
The investment in MEO is the first significant investment made by Bentley under its new investment mandate approved by shareholders in February 2009. Since Bentley?s decision in May 2010 to focus on several key well defined investment sectors1 within its broader investment mandate2, the Investment Committee has reviewed in excess of a hundred potential investment opportunities but has patiently restrained from making significant investments until now.
Bentley expects to make a small number of investments (similar in size or greater to that made in MEO) during the course of a year, with the objective of generating returns well in excess....... "
