500 people read my NT/P68 valuation post, yet over 24hr not a single comment about the valuation disparity.
Just shows how shallow and short sighted the market is, particularly at the moment.
This really does explain why the market is valuing MEO's share at NT/P68 at somewhere between 0.2% and 5% of its intrinsic value.
But this is normal. Upon HS-1 confirming a successful flow test, this will be the beginning of a significant rerating supported by lots of eni activity and TS developments.
MEO Price at posting:
23.0¢ Sentiment: LT Buy Disclosure: Held