placement impact, page-6

>>45c placement was for the institutions a quick and easy made profit.<<

>>MEO welcomes more than twenty new Institutional investors onto its register, together with a number of new sophisticated shareholders introduced by Joint Lead Managers E.L & C. Baillieu and Morgan Stanley Australia Securities Limited<<

Flight500, one has to wonder how long these ‘more than 20 new instos’ together with ‘a number of new sophisticated s/h’ checked into the MEO motel for?

By the look of market action in MEO securities, it appears to be only for a very short stay.
Room service to bad or the outlook not pleasing on the eye ?
Whatever they started selling down the day their holdings were confirmed last week.
Well done – good if you can get it.