Mereo Biopharma Share Discussion Threads

[dumbarton2] 04/2/2008 10:26

Yes the price is bust!

THE CO HAD ENORMOUS DEBT BEFORE THEY HAD INDICATED THEY WERWE TO MAKE A LOSS SO I EXPECT DEBT IS WORSE.

SO THE LOW MARKET CAP MEANS NOTHING.

WHAT IT MEANS IS ANY POTENTUIAL BUYER HAS TO BE PREPARED TO TAKE ON ALL BORROWINBGS AND TAKE ON A LOSS MAKING COMPANY.

[pbracken] 04/2/2008 10:13

This morning's low, valuing MPH at less than £5m, did look a tad mean. I know the company is bag of worms, but even a bag of worms has a price.

Notwithstanding the recent RNS, MPH is probably worth twice the current mkt cap on any reasonable risk/reward calculations - not that the market is inclined to be reasonable as far as MPH is concerned.

[momentos] 04/2/2008 10:07

D'y reckon they could sell JCC / Greenmark for more than 5m? May be worth more on breakup here...

Some buyers out there...Plus: (9.30 on look like buys?)

04/02/2008 10:14:04 18.70 10,000 O 1,870.00
04/02/2008 10:14:00 18.70 13,368 O 2,499.82
04/02/2008 10:10:30 18.70 10,000 O 1,870.00
04/02/2008 10:02:07 18.98 4,000 O 759.20
04/02/2008 10:00:27 18.50 10,703 O 1,980.06
04/02/2008 09:50:24 18.50 709 O 131.16
04/02/2008 09:48:27 18.50 6,486 O 1,199.91
04/02/2008 09:42:00 17.75 4,414 O 783.49
04/02/2008 09:41:06 17.75 10,000 O 1,775.00
04/02/2008 09:36:35 17.75 4,204 O 746.21
04/02/2008 09:35:05 17.75 5,566 O 987.96
04/02/2008 09:34:56 17.75 25,000 O 4,437.50
04/02/2008 09:31:45 17.75 10,000 O 1,775.00
04/02/2008 09:31:43 17.75 3,000 O 532.50
04/02/2008 09:29:46 17.75 3,000 O 532.50
04/02/2008 09:26:35 17.75 6,000 O 1,065.00
04/02/2008 09:16:58 20.02 519 O 103.90
04/02/2008 09:16:49 20.00 15,000 O 3,000.00
04/02/2008 09:11:13 22.25 900 O 200.25
04/02/2008 09:00:51 22.35 434 O 97.00
04/02/2008 08:53:42 22.00 2,828 O 622.16
04/02/2008 08:52:59 22.25 2,741 O 609.87
04/02/2008 08:35:32 22.50 1,713 O 385.43

[momentos] 04/2/2008 10:01

Yeah, shut up Yas0!

(irony intended)

[dramatis] 04/2/2008 09:53

He/she is free to make comments, regardless of knowledge. And, likewise, readers are free to digest (or not) what they read.

It's called free speech within an open forum.

[momentos] 04/2/2008 09:50

It's sad to see the directors suffering though.

Morris: 5.3m direct (+ trust)
Phillips: 115,000
Harris: 25,000
Molloy: 5,000
Shulman: 152,000
Stirling: 109,500

None bought south of 60p, most bought substantially north (MM excluded of course). Pretty obvious now why the FD didnt buy any more post interims (while the others did)!

Sniff sniff, poor souls.

[yas0] 04/2/2008 09:47

DRH,

Can you explain to readers why you thought MPH was aim listed?lol Why you thought a tiddler oil stock worth less than 10 million shuould buy it's own rig.lol

Do you have any idea what you are doing? No, thought not.

Do not attempt to make suggestions to others, when it is readily obvious you do not have the remotest idea what is going on.

[deanroberthunt] 04/2/2008 09:47

hey, its rising, only another 80p to go and i'm back to break even...happy days ;¬)

[deanroberthunt] 04/2/2008 09:24

ffs, going bust ain't it.....

[deltrotter] 04/2/2008 09:21

lol - just thinking the same.

[momentos] 04/2/2008 09:12

I used to buy at 22p lol.

Unfortunately it was pre 5:1 consolidation...

[momentos] 04/2/2008 09:10

Support? Not alot about, 20p, 10p. The chart, post initial IPO tumble from equiv. 400p:

[momentos] 03/2/2008 14:06

Topvest, we believe every word that issues from the mouth (?) of Mr Morris of course....!

jimmy c, my level 6 target says £2 within 3 months.

[love it] 03/2/2008 13:26

jimmy c - 3 Feb'08 - 10:26 - 3693 of 3696


6 months till the plug is pulled here, then MM can buy it for a pound - (nominal pound off the receiver). Level 4 target is 0p, you'll lose the lot here, phenominal cash burn.


Shorters hmm dont you love them. Posts the same all over the place L4

Good luck guys does remind me of SMC though

[topvest] 03/2/2008 13:24

He does say this though

"The measures taken during the current period will put the Company in a good position to increase its customer base and to take advantage of future profitable trading opportunities."

Not all gloom and doom.

[deanroberthunt] 03/2/2008 10:56

I can't believe they also maintained the dividend in the face of virtual business model/strategy capitulation...as soon as they were aware of the level of losses with Moda, it should have been cut....and thats coming from a shareholder....whats MM doing, is he in flippin denial....its pointless trying to say that everything in the garden is rosey, when the fact is its just been hit by a meteor and there's a hole the size of Nebraska....

[topvest] 03/2/2008 10:38

Clearly things have deteriorated very fast here. It will be interesting to see what happens next week. Director buying would indicate confidence.

[jimmy c] 03/2/2008 10:26

6 months till the plug is pulled here, then MM can buy it for a pound - (nominal pound off the receiver). Level 4 target is 0p, you'll lose the lot here, phenominal cash burn.