Mereo Biopharma Share Discussion Threads

[swinsco] 13/5/2020 10:24

Been adding here over the last couple of weeks. Looks very cheap.

[dave4545] 13/5/2020 09:57

The other week 21-23p v Nasdaq 1.07

Now 19-22p v Nasdaq 1.37

So here MPH is down 10% but in US it's up 25%

It remains undervalued.

[the stigologist] 05/5/2020 15:16

LOL hatey is here Topinfo's jealous little stalker who doesn't like free speech.

[trotterstrading] 05/5/2020 14:19

Any idea how many need shifting before we can get going?

[oapknob1] 05/5/2020 13:25

Unusual for MM to buy at 24.8448 then let go for 24.

[dave4545] 05/5/2020 12:57

Probably a sale although it's a high price

All the pi's pile in then piled out again for a loss.

Do not think anybody made a profit...I never bought or sold any, still sitting on my original holding.

When the seller is out we'll have our day in the sun here

[oapknob1] 05/5/2020 12:54

Anyone else see the 232000 trade at 24.8448 which just popped up.

[oapknob1] 04/5/2020 17:01

Wednesday 29 April 2020 17:37, UKA New York-listed company has joined the race to buy the remnants of the biotech empire amassed by Neil Woodford, the fallen star UK fund manager.Sky News has learnt that Acacia Research Corporation is among a small number of parties which remain in discussions about acquiring the portfolio of stakes in companies such as Mereo BioPharma and Rutherford Cancer Centres.The discussions have been taking place for some time, but remain tentative, industry sources said.Acacia Research, which did not respond to several requests for comment, invests in intellectual property and patented technologies.Last year, it struck a deal with Starboard Value, a prominent activist investor, to provide Acacia with up to $400m for strategic investments and acquisitions. It was unclear on Wednesday who else was involved in the process to buy the former Woodford Investment Management (WIM) portfolio.Mr Woodford himself, along with former colleague Craig Newman, are also said to have submitted a proposal to PJT Park Hill Partners, the adviser on the sale process.Been a bit of buying today. News on NY side is of delay in start of trial. NY ticker MREO. Read the RNS there.

[master rsi] 04/5/2020 15:05

The usual Zak Mir charting when some shares move, MPH is there

[master rsi] 04/5/2020 11:55

After all morning of seeing buys on the ticker we can now say..

... Hooray there is a 1k sell @24p

[master rsi] 04/5/2020 11:10

The shares had a 76.4% Fibonacci retracement on reaching 20p

Retracement Sequence
0% 28.5 Last Intraday high
23.6% 25.9
38.2% 24.3
50% 23
61.8% 21.7
76.4% 20.1 Bounce from on the next stage
100% 17.5 last Intraday low

[mr roper] 04/5/2020 11:07

Mkt cap approx £35m and they e got £33m in financing from Novartis and Aspire.
First whiff of the Woodford stake being shifted or the P3 trial terms being agreed and this is off to the races.
Triple the average daily volume already.
Good signs.

[master rsi] 04/5/2020 10:51

Nice find " Brasso3 " Thak you

[master rsi] 04/5/2020 10:41

re - Mcrudden 4 May '20 - 10:16 - Another great call, thanks

       

[the stigologist] 04/5/2020 10:29

Rumourtrage Woodford overhang clearing

[daicaprice] 04/5/2020 10:26

Anyone know what’s driving this today? Can’t see a twitter ramp.

DC

[mcrudden] 04/5/2020 10:16

Another great call, thanks

[master rsi] 04/5/2020 10:12

Larger trades are now appearing in the ticker, 50K, 19.9K and 10K

[dave4545] 04/5/2020 09:53

TT

I think it's the blue affect. It dropped on the Nasdaq late on Friday so was not expecting fireworks but the mm's for over a week have been manipulating it', Always well bid at a premium so this was overdue and the price was 28.5p bid high when the presentation came out in the US

[master rsi] 04/5/2020 09:45

320K volume, already more shares traded than during the last 2 weeks

[trotterstrading] 04/5/2020 09:43

Dave, simple case of a Bombed out Bio, oversold and getting attention.. won't take much for this to snowball

[mr roper] 04/5/2020 09:35

Above average volume today. Good sign

[gooner1886] 04/5/2020 09:31

Undervalued

[dave4545] 04/5/2020 09:30

25p paid, what's driving this interest or is it any bio that goes blue from lows gets chased up ?