Mereo Biopharma Share Discussion Threads

[g8ta] 26/10/2007 13:43

This drop so near to interims implies something nasty has leaked. But having read the AGM statement for the umteenth time and finding, as before, little wrong with it, I've topped up yet again this morning. Bit overloaded with these now.

[taffee] 26/10/2007 13:17

marben....what do you mean ...please expand..thanks(re divorce)

[marben100] 26/10/2007 13:05

Errr Nardelli,

thats only 45 pounds, don't forget the big oil contracts are spot less 20%, the public being muged as always,

Hate to have to tell you this but that's the price for the December contract, not spot.

January WTI crude now trading at bang on $90.0/bbl (Brent at $87.7 for January delivery).

On the MPH front, as others have suggested, perhaps the selling relates to MM's divorce? Incidentally, haven't been able to find anything about this myself. Is it just a rumour, or can someone provide a link/reference?

Cantor's offering 50,000@ 100.5 today.

Thanks,

Mark

[dan de lion] 26/10/2007 10:35

Mr 5,000 has become Mr 20,000.

[ba5hir is back] 26/10/2007 10:30

Someone is dumping stock.

20,000 dumped yesterday just before close at 100 now another 20,000 dumped at 100!

[taffee] 26/10/2007 10:26

same thing with telecoms last year...now back in favour.

What's quite funny though is that private investors buy high then sell low.

This is the time to be buying bombed out stocks imo

Bizarly ftse100 is cheaper on p/e ratio now than in the nadir of march2003.lse is the second cheapest stockmarket in the world!!!!

[ba5hir is back] 26/10/2007 09:39

JQV is being hit hard as well. Retailers out of favour.

[nardelli] 26/10/2007 09:23

thats only 45 pounds, don't forget the big oil contracts are spot less 20%, the public being muged as always,

if greenmark dose 51% or more of turnover are we now a shoe manufacture as against a fashion house, ?????

[taffee] 26/10/2007 08:29

oil over $92 doesn't help.even shell said oil price was stupid

[wbjunior] 26/10/2007 07:57

keep smiling chaps, off line for the next ten days, computer going back for repair, hopefully moved back up by then , take care.....................wbj

[youstarbright] 25/10/2007 21:35

Maybe it's a very happy seller. Happy to get out while the going's merely bad.

[0o0] 25/10/2007 21:27

Why does it have to be a distressed seller?

It is not unknown for sellers to be well informed.

[youstarbright] 25/10/2007 21:06

Downtrend still intact. Nobody trusts this lot to deliver after the loss of YSL.

[brindy] 25/10/2007 19:56

Sensei10 / henryatkin

I'm looking to buy at 95p if poss which I believe to be the support level. That's 19p in old money when the old stagers on here will remember I bght/added quite a few.

Will look at LAM.

[sensei10] 25/10/2007 19:51

Brindy, I would let it settle here first. I sold my holding here recently (at a loss) amd stunned by the fall from 190p. Yes there are uncertainties with the business model but to drop this much is incredible. I still believe that MPH has a bright future although my concern is that the market still has reservations about M Morris and his control of the company.

Excuse the ramp - Brindy - have a look at LAM. I have been in since 315p. It shot up 5% yesterday and looks a touch overbought in the short term. However, it is a gem of stcok, in the right place at the right time.

[henryatkin] 25/10/2007 19:33

You may have hit upon something there Brindy. I have just checked to see what happened last year. It was the 15th Nov in fact but more importantly the share price had dropped to 99p the week befor the interims. In the 7 days leading up to the results the share price climbed 15% to 115p and gapped up another 2% on the announcement. So perhaps I should buy back next week. Strange that the share price should be exactly the same as as year ago. What a reward for doubling EPS and profit.

[brindy] 25/10/2007 18:44

I'm watching!

Last year the interims were 11th Nov - I expect to have a few before that.

[henryatkin] 25/10/2007 18:29

You could now buy this company and get your money back from three or four years of profits......very sweeping statement I know. I can't believe you could do that with any other listed company though. Price can't go much down without a bid approach imo. Would be very earnings enhancing for someone and with a lot of cost savings to be made. I wonder if anyone is watching :-)

[dan de lion] 25/10/2007 17:31

As stated at the AGM last month:-

"We therefore look forward to the future with confidence. The business continues to perform in line with expectations with a pipeline of new opportunities from which the Company is well placed to capitalise, and deliver returns to shareholders."

Yet the share price has crashed.

It has got to be a distressed seller, time to buy at a bargain price IMHO and take advantage of someone else`s problem`s.

Or just hold your nerve.

[taffee] 25/10/2007 16:43

Have to say also that if it weren't for oil and miners, the market would look like it had crashed.

Many financials down 30%+

[eagle eye3] 25/10/2007 16:31

they did buy some, but with the markets tanking due to the sub prime tumoil you cannot blame them for waiting untill the markets calm down. if they do, or they know the results are ok so can wait a few weeks.

[jamesjoel] 25/10/2007 16:08

or downwards again !

Why as there being no share buy backs at this price when they bought some back at £1.53 and no comment from the management regards the declining share price>
I sent them an email asking this question guess what I GOT NO REPLY THERE INVESTOR RELATIONS IS SH*T.If this goes through the pound barrier I am out .