It is a tangled web weaved by Bentley (BEL), Orion (OEQ), Quest (QUE) and Database Systems (DBS) run by Mr Farooq Khan his sister Ambree Chaudri and brother-in-law Azhar Chaudri, which is why I am keeping an eye on their involvement with MEO.
It is not the right area to discuss other stocks but for those who are interested in following up your link and research the structure of BEL we can look at the two recent 12 July BEL substantial holder notices.
It appears that some BEL SHs have taken umbrage to the nepotistic purchase by DBS. With the BEL consortium's track record I am not surprised!
So it is not only BEL we need to look out for in taking an interest in MEO, it is all the associated companies who may try to build up a voting interest in MEO.
Like I say, IMO, at the moment, BEL and its associates are taking only a passive interest in MEO because of the upside potential (so they say). But this could change so LT Meomites should be aware that there are sharks out there.
All I don't want to see is a company like MEO, who is working so hard to build a future, see all their work go to waste.
Hi DocWood
I am not offended, far from it, don't forget I always post IMO. I am just a little bemused by your first post and again by your second.
I welcome your comments on my posts but I don't agree with your interpretation of my intent. But, by taking me to task, you are testing my integrity and I can live with that.
You covered the point I was making, somewhat, in your second post. Like retail investors/traders, there are ST and LT insto holders of MEO stocks. The intent of all SHs is to make a profit at some point. Some are interested in the company, others are only interested in moving money around. Instos have the added advantage of multiple accounts. algorithms etc.
We can keep an eye on who's who in the major movers, to a point, by keeping an eye on the T20 SHs which MEO are good enough to publish each month.
I don't know BEL's strategy, I never said I did. All I said was that, for the moment, BEL are sitting tight on their 5.0008% holding which has stayed the same since 16 March 2011.
I agree, with the history of the major SHs in BEL, what may be a concern is their intentions in the future. But only the BEL Board know that.
My investment has always been in a company who has a vision for the future. With the advent of Carbon Tax and FLNG it can be seen that this vision was before its time and may soon become a reality.
The only event that may interrupt this is a major SH who is only interested in the bank balance and sale of assets. Unfortunately there are loopholes in the system which can make this possible and perfectly legal.
It appears you also have concerns about BEL, DocWood, to the extent you are not confident in your investment in MEO. Are you keeping an eye on them or is your head in the sand?
I hope management continue to progress the company and keep it strong to negate the content of this thread.
But enough of my personal view on this subject. By offering my opinion and being confident in the company some may question my intent.
But so be it.
IMHO.
Please DYOR.
#:>))
MEO Price at posting:
18.5¢ Sentiment: LT Buy Disclosure: Held
