Posts Tagged ‘MEO’

Share Purchase Plan: MEO Australia

Thursday, September 27th, 2012

MEO Australia (MEO) announced on the 25/9/2012 that they would be conducting a Share Purchase Plan to raise additional capital. The record date was 24/9/2012 on which shareholders must own the share to participate in the SPP.  The closing date is 12/10/2012.  Shares will be issued on 22/10/2012 and begin trading on 23/10/2012.   A maximum of $15,000 can be purchased by each shareholder at $0.20.

Discount : 7.0% Liquidity : Poor Profitability : Poor Stability : Poor

www.meoaustralia.com.au

* Note: Discount is based on the closing price on the 25 September 2012.

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Update – MEO

Monday, September 21st, 2009

Back on the 27th August we took a look at MEO flagging its wedge formation. Trading the wedge formation can be profitable in a short space of time  if volume supports the move as was the case in MEO. The stock is currently trading at 72c

20090921_MEO 

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