BEL dumping 14 million shares in short order has created opportunities for the believers (both on market and via the SPP) to top-up at very reasonable prices.
I have the sneaking suspicion that BEL were hoping to participate in a Rights Issue of sorts, and hence dumped at 21-23c hoping to be gifted shares at 20c.
Now what MEO need to do is deliver some kick-ass results from H-1 and MEO will be home and hosed in terms of NT/P68, SPP and would set the scene for Gurame SE-X1.
MEO Price at posting:
21.5¢ Sentiment: LT Buy Disclosure: Held
