Mereo Biopharma Share Discussion Threads

[argy2] 09/1/2008 13:36

Won't be MMs first time going bust but can't believe even he would kill this golden bonus laying goose.

[hywel] 09/1/2008 13:02

No if it goes bust he's a liar and i'll be happy to see him in court.

[deanroberthunt] 09/1/2008 12:47

Momentos...you missed me out of that list remember, the last remaining pi!

I'm in for a hail Mary punt at 30p with you Momentos....at that price its basically calling it bust, or MMs a liar (lolville)...oops, sorry, "economical with the truth", save me getting sued.

[momentos] 09/1/2008 11:04

UPDATE:

Ooooh it hurts: The Michael Morris Appreciation Society (not!)

Current Bid 35p.

Barclays: 3.27m on eve of results (c100p) Down 2.1m

Harvey Shulman: 25k @ 153p, 25k @ 60p, 112k @ 108.75p Down 118k

Ronald Stirling 99.5k @ 60p down 25k

Along with Rathbones etc who can't be best pleased... Barclays must be spitting blood, that top up on the eve of results.

Others:

Raymond Harris 15k @ ?109p
Michael Morris 5.2m direct, 1.5m trust: Down c 4.3m since results.

All happy souls I'm sure!

[momentos] 09/1/2008 10:56

I'll buy some at 30p, the next support!

MCAP toppled under 10m (36.5p x 27.2m = 9.9m). Interesting valuation for a "fast growing global luxury fashion brand management group" looking after
"ten globally recognised fashion labels".

[momentos] 09/1/2008 09:28

M & S - yuck.

Interesting Stuart Rose comment about sourcing costs increasing (oil costs etc) but inability to pass on these increases to the consumer due to the market conditions.

Makes me worry. Scenario (purely invented):

Michael Morris (MM): Would you like to buy some of our new Ungaro Stuff?

Department Store (DS): Very nice, how much?

MM: Oooh about the same as YSL used to be.

DS: But you managed to flog us a load of YSL gear much cheaper last year, why cant you keep producing at that price?

MM: Hmm...

DS: And this Ungaro stuff, I mean who has heard of it? We'll take it if you knock it out at the same price as the discounted YSL stuff. Otherwise there are plenty of others suppliers out there you know.....


Mr Morris may have created his own double-ouch with the massive YSL sell through. Blighting the future market for Ungaro, and setting a wholesale price precedent for the future, just as supply costs rise.

[1947jim] 08/1/2008 20:06

Too much silence, and too much debt ............can only mean some divisions not selling as they should be..................or too much stock not being taken and therefore not paid for ......why ???
momentos--
agree with your 3506 ................. and today with a share price of 38p
something fishy going on. Last major aquisition was Greenmark, when price was
117p ..ish ---- and then rose to 191p.Now at 38p it is 20% of 2007 high. !!

Also agree with your 3508 .... too many things remain unexplained for the small investor. You must have heard all these phrases before --- I am a novice
at this..... but where is the Interim Finance Director with shares at 20% of their recent high ??????

Is it being set up for privatisation ?? looks so ......and for sure us investors will not be offered 150p.

Interested in your views..........either to sell the lot ..............or keep buying in the hope of turnaround soon....

[momentos] 08/1/2008 15:48

Castelbajac in action...

[momentos] 08/1/2008 10:07

Lol!

A few more phrases in need of a ban:

"well placed to withstand"
"we remain confident"
"fast growing global luxury fashion brand management group"
"ten globally recognised fashion labels" (not really 10!)
"order books building as anticipated" (some numbers please!)
"in the near future" (usually relative to man's evolutionary timespan..)
"interim Finance Director"
"Fair value of net assets acquired in excess of fair value of purchase consideration"
"Boateng dispute"

Probably a few more if I look hard enough...

[deanroberthunt] 08/1/2008 09:50

if he uses the phrase "our expectations" once more, I'm out....and then a letter to the FSA.

[momentos] 08/1/2008 09:06

Well, given the requirement for an IMS highlighted by Marben, a statement is due. Which could cause a bounce or a capitulation.

Lets hope any statement is clearly worded, any more attempts at sophistry will probably be greeted with a thumbs down by the market.

The MCAP is heading towards the amount paid for JCC, Greenmark, Moda and 50% Homebody on its own:

Greenmark: 3m. (I think the deal ensured the balance sheet effects were Nil so no assumed debt)

Homebody: About 0.7m for 50%

Moda: 3m (roughly, US 5.5m in 2005)

JCC: 2m (9m shares at c11p 29/1/04= 1m +1m (euro1.5m) Liabilities)

Total 8.7m!!

[taffee] 08/1/2008 07:22

along with so many companies across the market....found a couple on p/e ratios of 2.5 and 3 with no debt!

[hywel] 07/1/2008 23:20

Sorry to hear that Fozzie, i've got some howlers too. MPH seems to be disappearing down its own backside. But with a market cap of just over £10m now, i keep saying to myself it cant go any lower and it does. MPH is back to a share price last seen in Nov 2003. I think this will at least double in the next year though, but i've been wrong before!

[fozzie] 07/1/2008 14:31

Well hywel i am the other way round, very unfortunatley, but hey ho at least i have something thats up!

[hywel] 07/1/2008 14:25

I know what you mean Dean, i'm glad i got DGO too and 10 times the amount of my MPH.

[deanroberthunt] 07/1/2008 11:56

The only consolation for me is that DGO is the only share ever to go up in a straight line..... ;¬)

[momentos] 07/1/2008 11:50

Ouch, will we get our 30p?

MCAP dropping towards 10m fast. wynmck, the chairman of elx seems to like a good rant! Touch of the Clarksons....

This recent JC one is quite entertaining:

[dan de lion] 07/1/2008 08:54

Cosonova:-

Dividend of 1.1p is due on the 1st February.

[1947jim] 06/1/2008 19:55

Flagship stores cost plenty, initially --- and plenty of ongoing losses going forward.
How can MPH make any current comment --- when its only working director has been on holiday ( in the Maldives ) for the last 2/3 weeks.
Am really not liking what am seeing/not seeing here.................

[wynmck] 06/1/2008 17:22

momentos;re above,you should check out the chairmans statements shown on the elx thread

[cosnova] 06/1/2008 11:23

I see John Lewis profits and turnover have increased, a mixed picture, as for PC world, I am not surprised they are strugglying, everyone and his wife is selling discounted computers

Eagle, to set up a flagship London shop, my guess you wouldn't get much change out of a 1million, but it needs to be done.

Happy new year to all the regulars

Divi day anytime now isn't it?

[lex1000] 06/1/2008 02:30

Retailers serve more turkeys post- Christmas
Last Updated: 1:11am GMT 06/01/2008

James Hall asks top analysts to give their forecasts for the festive trading period

Only three days have passed since retailers started updating investors about their Christmas sales, but a massive profit warning from PC World owner DGSi on Thursday has already cast a shadow.