Mereo Biopharma Share Discussion Threads

[momentos] 15/11/2007 20:59

So make the bear case, with evidence then!

Not made up stuff about FDs, designers etc like some have tried to.

Seems some are working on the principle no news = bad news. NT followers are 1K buyers (seen here before) not 10k buyers and there were very few of them given his large caveat. Perhaps 20k of the 2-300k buys the last 2 days.

[0o0] 15/11/2007 20:10

Not at all comforted by the Bulls on this forum.

Seems to me that the recent financial support of the share price has come from retail followers of Naked Trader and that support has failed to boost the price.

[momentos] 15/11/2007 18:54

lol. Thats interesting, suitably cynical reasoning eagle eye.

I expect Mr Morris would like to release results Monday and bathe in the glory of his newly created post-YSL empire on Tuesday!

BTW there was a late 50k at 98.5 (16:39). Be interesting to see if CFEP are still around in the AM.

[eagle eye3] 15/11/2007 18:30

re results..... I am not expectig bad news on monday, with the egm on tuesday, if the results were after the egm then I would think otherwise.

[eagle eye3] 15/11/2007 18:20

unless there is some bad news to come out, the seller is probably in trouble elsewhere, I can see no reason to be a seller at this price with the interim's comming next week..... time will tell...

[marben100] 15/11/2007 17:40

Re Cantor's - my guess is that, as you say, they have a large order with the MMs but, in addition they're putting some on the offer, just in case someone wants to deal direct.

If someone decides they'd like to pick up some stock in volume, they can see Cantor's offer and just bid for it direct - or they could give Cantor's a ring, seeing the flag in the order book, and do a deal off-market, saving MM spread for both sides.

[dan de lion] 15/11/2007 17:36

I still think that the share buy back that we had at the end of August was a signal that MPH had become debt free, as MM is unlikely to have used borrowed money to buy back shares.

IMHO.

[momentos] 15/11/2007 15:52

Knew about the closed period, not the possible TP arrangements...

(btw my point really was they can do this from Monday)

Irrespective of Cantors 15k wodge, presumably it is them slipping through the vast majority of ordinary sells anyway, or feeding the MMs as and when required. Why bother with the direct to market bit? TO let the MMs know where they are at?

[marben100] 15/11/2007 15:00

Momentos,

Apologies if I'm teaching you to suck eggs here but, irrespective of the AGM authority, companies are not allowed to trade in their own shares whilst in possession of price sensitive information not in the public domain. That applies during a closed period. Some FTSE companies nominate a third party to continue a buyback programme on their behalf during closed periods but that's a strict "arms length" arrangement and is notified to the market before the start of the closed period.

Regards,

Mark

PS just had the 3pm intraday auction: no one buying Cantor's wodge, which remains in the order book.

[momentos] 15/11/2007 14:40

FOr anyone (like me) confused by the new fangled trading codes (we had an NT - Negotiated Trade yesterday) the LSE site gives further detail.

For info an OK trade stands for "Alright, I've finished selling now"

[momentos] 15/11/2007 14:34

F me tick up!

British Bulls may just about avoid selling straight away...

[momentos] 15/11/2007 14:20

They have an authority, renewed last AGM:

That the Company be and is generally and unconditionally authorised to make market purchases (as defined for the purposes of Section 163(3) of the Companies Act 1985 of any of its ordinary shares in such manner and on such terms as the Directors may from time to time determine, provided that:

(a) the maximum number of ordinary shares hereby authorised to be purchased is 2,670,291;

(b) the minimum price which may be paid for an ordinary share is 5 pence;

(c) the maximum price which may be paid for an ordinary share is an amount (exclusive of expenses) equal to 105% of the average of the middle market quotations for an ordinary share as derived from the Stock Exchange Daily Official List for each five business days immediately preceding the date on which the ordinary share is purchased;

(d) unless previously revoked, varied or renewed this authority shall expire at the conclusion of the Annual General Meeting of the Company to be held in 2008; and

(e) the Company may make a contract to purchase ordinary shares under this authority before the expiry of such authority which will or may be executed wholly or partly after the expiry of such authority, and may make a purchase of ordinary shares pursuant to any such contract as if the said authority had not expired.

[jamesjoel] 15/11/2007 14:15

momentos

I had mail from them stating they could not buy back during the closed period and would be possibly buying back shares after the results !!!!!

[momentos] 15/11/2007 14:07

Doncha wish they would just p... off and blight some other share!

Hopefully, as stated by JamesJoel, there will be some buybacks to clear Cantors out. the company should have the dosh. They have also stated their intention to do so previously. Another reason to buy - if that happens we should get a nice whoosh upwards...

[marben100] 15/11/2007 13:44

Cantor's offering 15K @ 100p. No uncrossing trade this am.

[jimelson] 15/11/2007 13:43

thanks momentos

[jimelson] 15/11/2007 13:42

This company seems dirt cheap and i remember missing out when they were 12p.

Now they are again down (not that cheap) and looking a bargin, with only the one worry. Other than that from what they have said, integrations have gone well, directors have been buying, so someones confident.

Guess i got till tomorrow to decide.

[momentos] 15/11/2007 13:37

No.

See here for a trawl through some of the statements:

[jimelson] 15/11/2007 13:34

And wasnt Moda meant to be the main replacement for the YSL licence?

The retail environment in North America continues to be difficult and sales by
Moda America are lower than for the same 13 week period last year. On the
positive side margins have improved as a result of Marchpole's sourcing
capabilities.

[jimelson] 15/11/2007 13:27

Marchpole Holdings PLC
08 Aug
Interim Management Statement


"For the purposes of this statement it is meaningless to draw comparisons with
the same period last year because of the changes in the composition of the
Group, notably the end of the YSL licence and the acquisitions of Homebody and
Greenmark."

isnt that comment a bit worrying amoungst others?

[momentos] 15/11/2007 11:50

For info: Historic Director Deals (rebased):

About the only useful thing you will find on the !

17-07-2007 M. Morris BUY 25,000 ORD 153p
17-07-2007 H. Shulman BUY 25,000 ORD 153p
31-08-2006 R. Harris BUY 5,000 ORD 108p
31-08-2006 H. Shulman BUY 92,000 ORD 108p
25-08-2006 J. Harrison BUY 20,000 ORD 102p
19-07-2006 M. Morris BUY 40,000 ORD 91.25p
27-04-2006 M. Morris BUY 34,000 ORD 110p
29-03-2006 R. Harris BUY 10,000 ORD 95p
29-03-2006 J. Harrison BUY 20,000 ORD 95p
29-03-2006 M. Morris BUY 20,000 ORD 95p

Insti Changes

12-09-2007 AXA - 135,776 1,327,361 4.8900
13-08-2007 Barclays PLC + 253,160 3,091,714 11.3600
17-07-2007 Michael Morris + 25,000 5,263,343 19.3500
12-07-2007 Barclays PLC + 688,336 2,838,554 10.4300
28-06-2007 AXA - 1,463,137 5.3800
28-06-2007 Barclays PLC - 62,599 2,150,218 7.9000
27-06-2007 Barclays PLC + 42,483 2,212,817 8.1300
29-05-2007 Pernod Ricard - 721,296 - -
17-05-2007 Barclays PLC - 15,241 2,170,334 7.9800
10-05-2007 Barclays PLC + 369,009 2,185,575 8.0300
19-03-2007 Gartmore Investment Limited - 1,999,954 7.3510
22-02-2007 MF Global UK Limited - 140,854 1,281,146 4.7100
20-02-2007 MF Global UK Limited - 249,000 1,422,000 5.2300
14-02-2007 MF Global UK Limited - 361,000 1,671,000 6.1400
31-01-2007 Barclays PLC - 1,816,566 6.6800
20-01-2007 Rathbone Brothers - 1,500,000 5.5100
21-09-2006 Goldman Sachs Group - - - -

18-09-2006 5:1 Consolidation

11-09-2006 MF Global UK Limited + 5,112,000 2,032,000 7.4700
19-07-2006 Michael Morris + 200,000 26,191,715 19.2500
11-05-2006 MF Global UK Limited - 1,512,000 5,048,000 3.7100
09-05-2006 MF Global UK Limited + 3,600,000 8,648,000 6.3600
27-04-2006 Michael Morris - 730,000 25,991,715 19.1100
03-04-2006 Goldman Sachs Group - 4,400,000 3.2300
29-03-2006 Michael Morris + 100,000 26,721,715 19.6400
10-03-2006 MF Global UK Limited - 2,550,000 6,560,000 4.9100
08-03-2006 MF Global UK Limited - 655,000 9,110,000 6.8200
07-03-2006 Michael Morris + 100,000 25,721,715 19.2600
01-12-2005 MF Global UK Limited + 1,000,000 9,765,000 7.3100
31-08-2005 MF Global UK Limited - 1,000,000 8,765,000 6.5700
21-06-2005 MF Global UK Limited - 9,765,000 7.3100

[wbjunior] 15/11/2007 11:33

Like ddl said it has given everyone the chance to pick mph up at an unbelievable mark down in relation to the intrinsic value of the company. Treading water until the interims on Monday by the look of it, no worries holding firm......................wbj
Ps Off until Monday morning, happy days everyone

[jamesjoel] 15/11/2007 11:32

MOMENTOS

Definately will be share buy backs after results !!!!!!!!

[momentos] 15/11/2007 10:55

I suppose if wbj's rumour is true, the good thing is next week Mr Morris is out of the "closed period".

And sitting on a nice fat bonus of 600K plus, net of tax. So if someone is supposedly trying to "punish" him for the big bonus, he can of course use his spare 600k to pick up some more share on the cheap.

Some punishment: Here, have a bigger share of your company on the cheap.... I am sure he will feel suitably chastised.

[momentos] 15/11/2007 10:24

While we shed another hapenny...

Plus

15/11/2007 10:21:53 97.10 7,500 O 7,282.50