Hey Jak,Kiwi, I do agree with the possibility of the Trojan Horse theory. M&A activity is on the rise world wide and unfortunately will continue as the Game of "MONOPOLY" is not finished yet. There are many different ways and Vehicals employed in taking over a Company and its Assets. Look at ASX:NUF.SUMITOMO offered $14 for 20 % Any Company with good assets & undeveloped potential is at Risk of being "Raided". Imo,Meo fits nicely into this Category as well. When I look at Meos top 20, I see all these Bank Nominee Companies who imo are not here for the long term future of Meo. But for profit on an "ATTRACTIVE" Spec Play wether by farmout of Artemis.Gas sucess of Artemis,TSMP or partial or full take over of Meo. I see the same Bank Nominee Companies in ASX:FAR amongst others. IMO,some Companies are a lot easier to "BUY" than others because they lack a Major long term share holder with a controling stake in the future of the Company.
Cheers KIMBO
MEO Price at posting:
34.0¢ Sentiment: Buy Disclosure: Held
