Mereo Biopharma Share Discussion Threads

[cwa1] 29/10/2007 15:37

Hi Vixen

When you say you don't seem to be able to buy any of them, do you mean you have placed a DMA buy order at that exact price when they were on the offer and you have been refused/passed on to another MM? That seems very strange if that is the case. I've certainly never heard of that before.

[momentos] 29/10/2007 15:14

Mind you, the chart does look like its been invaded by a load of imperial fighters from Star Wars. We need some X-wing fighters. Use the force Luke.

[momentos] 29/10/2007 13:43

Last Blue day was 4th October...! 17 flat/down since then. 12 Blue days in the last 3 months (54 flat / red). Time for some happy blue days...

[lonrho] 29/10/2007 12:50

things are looking up just had to pay 100.4.

[vixen] 29/10/2007 12:47

They've been here before CWA1. Only noticed them since 110 but that was when I got interested so probably before. Strange thing is you don't seem to be able to buy any of em!

[cwa1] 29/10/2007 12:26

CFEP on offer now. Will be interesting to see just how much there is behind that initial 50k. As a newcomer can anyone say if CFEP have had a load on the offer previously or is this them here for the first time today?

[vixen] 29/10/2007 12:22

99.4'S were all buy's and agree with your comments about the plus market OoO

[cwa1] 29/10/2007 12:18

Hi

Some of 99.4p was me, so definitely buying by retail clients

[0o0] 29/10/2007 12:05

Added a few more myself this morning.

Must admit I find it hard to suss out a buying or selling pattern when the majority of trades seem to go through Plus market, where the quoted bid/ask prices seem to have little or no relation to reality. Any idea if those 10K trades at 99.4p are the result of a buyer taking up stock or yet more dumping?

[cwa1] 29/10/2007 11:54

Thanks momentos. Hadn't seen them very often before and wondered who they are. Yes, they certainly look like the potential overhang.

[momentos] 29/10/2007 11:39

Cantor Fitzgerald Europe, not a Market Maker. A direct into market offer type thingy.

Seems they are the likely broker for our continuous seller. ID unknown.

[cwa1] 29/10/2007 11:27

Morning Marben

Just dipped a toe in the water after seeing your post over on TMF-AND doing my own research before you panic:-). Grabbed 10,000 at 99p.

Looks like a decent punt at these levels but there does seem to be an overhang out there whereby one can buy(nearly) as many as is wanted at these levels but can only sell a handfull. However I've often found that is the best time to start buying.

Have my eye on them for an entry point to perhaps build up the holding if it falls further.

Hopefully the management will walk the talk at results time and that the figures will speak for themselves.

Thanks for flagging them up(and I take 100% responsibility for buying, regardless of what happens).

Good luck to all holders.

PS: Who is the market maker CFEP sitting with 50k on the offer at 100.5p?

[vixen] 29/10/2007 11:14

Took another 10K today @ 99p. very content!

90p next please

[momentos] 29/10/2007 11:08

Mark - do we still have Cantor on the offer?

[marben100] 29/10/2007 10:32

Have just posted this in the other place:

Crazy share price.

[taffee] 29/10/2007 08:56

so thats a 50% fall on little or no volume....just beggars belief

[vixen] 28/10/2007 07:50

Just back from a week away. Surprised but not amazed we ended up at 100. The 108 support went, now we have another week or two before the serious bounce to results.

I will be buying next week as I am confident this is undervalued. I don't buy into the hidden bad news story as at this stage a company warning would have had to have been issued.

[taffee] 27/10/2007 14:49

marben...thanks

That would explain mms knowing about a forced seller and explain some of the price action.rcg have a large holder who has died and the mms anticipate a sale at some point.

[ba5hir is back] 27/10/2007 09:57

More werer dumped yesterday at under the bid so it looks like more downside from here.

What wont help is the fiasco over the illegal payment of the dividend as above.

Technicaly it should be repaid so no wonder investors are dumping stock.

[eagle eye3] 26/10/2007 15:40

marben, spot is the left over, I have been offered aviation fuel refined at $64 for 1 million bpm 5 year contract, saudi discounts 15% to 20%, no one pays spot for anything, where is the profit. six weeks ago copper was 1500 discount fob. Where is my profit from buying and selling for spot. buy it in africa ship it halfway round the world and sell it...... I can get a discount on any comodity you want ( if you order enough)... 20 tons of gold a week spot less 7%