On the 9th of September last year, MEO was removed from the top 300 ASX, and I remember it as funds sold it down quite heavily (when MEO was trading circa 17cents), as some funds have mandates that they cant be in stocks outside the top 300 (in otherwords it wasnt fundamental based selling)
Given our market cap has increased quite significantly, and the ASX 300 rebalancing is approaching, we should see new funds buying if MEO is entered back into the top 300.
I just had that date noted down, and thought I would see if my assumptions are correct. Are we now in the top 300 by marketcap?
Its just another possible price appreciation event that is near on the horizon, outside of JV's etc
MEO Price at posting:
25.5¢ Sentiment: LT Buy Disclosure: Held
