MEO 0.00% 0.0¢ meo australia limited

I think the recent MEO announcements are price sensitive for...

  1. 173 Posts.
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    I think the recent MEO announcements are price sensitive for both MOG and CUE, hence they also should not be trading.

    This is because by definition a price sensitive announcement affects the price. Look below at the relationship between MEO's announcements and the effect on the price of MOG.

    On Friday before MEO's annoucement, MOG closes at 12 cents.

    On Monday, MEO went into trading halt before market open. MOG opens at 14 cents and closes at 16, on its high

    On Tuesday, before MEO in suspension, MOG reaches high of 19 cents.

    On Wednesday, before MEO in suspension, MOG opens at 18 cents. Soon after MEO is in suspension and MOG closes at 16 cents.

    The ASX may not think that MEO's announcements are price sensitive for MOG, but it seems Mr Market disagrees.

    Bouzouki
 
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