Share Name Share Symbol Market Type Share ISIN Share Description
Mereo Biopharma LSE:MPH London Ordinary Share GB00BZ4G2K23 ORD GBP0.003
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 226.00p 220.00p 232.00p 226.00p 226.00p 226.00p 0 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Pharmaceuticals & Biotechnology 0.0 -47.0 -56.0 - 160.81

Mereo Bioph Share Discussion Threads

Showing 10176 to 10199 of 10450 messages
Chat Pages: 418  417  416  415  414  413  412  411  410  409  408  407  Older
DateSubjectAuthorDiscuss
22/8/2008
10:59
From the TELEGRAPH Zara is now bigger than Gap -- By James Hall Inditex, the Spanish group behind clothes chain Zara, overtook Gap last week as the number one fashion retailer. James Hall looks at its reclusive boss and its unconventional winning formula Spain's richest man does not drive fast cars. Nor does he take fancy holidays. He doesn't even have an office. Material possessions have never meant a huge amount to Amancio Ortega, 72. But last week he took ownership of something he has wanted for a long time; the number one spot. He saw his Inditex clothing company leapfrog Gap, the preppy US giant, to become the world's largest fashion retailer. Inditex, the parent company of Zara, the phenomenally successful fashion chain, said that sales over its first quarter were €2.22bn (£1.7bn). Over the corresponding period Gap - for years the dominant force in global fashion retailing - saw sales of €2.17bn. For the intensely private Ortega, a railway worker's son said to be worth £17bn, the accolade vindicated more than two decades of hard graft. Since 1975, when the first Zara store opened in La Coruna, a port town in a remote corner of northern Spain, he has grown the business to a 3,700-store behemoth with seven chains spread across 68 countries. From his futuristic HQ known as The Cube, just outside La Coruna, Ortega had taken on the giants of global retailing and won. More on retail So how has the Spaniard, who has never given an interview and has allowed only two photos of him into the public domain, managed to take Gap's scalp? The answer lies in Inditex's unique business model that - unusually for a retailer - gives it total control of its supply chain. The company also has an internal culture that defies corporate norms. There is little hierarchy and there are no staff handbooks at Inditex, the antithesis of the mega-corporations. Little is known about Ortega, but the available information gives a good insight into how his company works. Ortega is, say colleagues, "incredibly humble". One former employee said: "There is nothing colourful about him as a person. The colour comes from what he puts into the business. He spends every day working in the business, he works on the design floor, and he is the first in and last out every day. What has happened at Inditex is a culmination of his life's work." This work ethic permeates the company, and can have a divisive effect. "People either stay for a very short amount of time or a very long amount," said a former employee. "It is like a religion. There is a strong culture within, and cultural fit is really important. It is not a business that is driven by manuals or rules and regulations, it is more a visual and aural business. If you work at Gap you get a manual to tell you how to go to the loo and how to lock the door. Inditex is not like that." Ortega is known to be a busy investor in both property and equities, and he has several active investment vehicles. For example, he has stakes in BBVA and Banco Santander, the banks, and in June last year he bought a retail block on London's Oxford Street. "His pleasure is his investments," said a friend. This attention to financial detail is replicated within his own company. But the most noticable thing about Inditex is its business model. Tony Shiret, retail analyst at Credit Suisse, explains how it works, using Zara as an example. The retailer is based on "virtual" vertical integration, he said, in that it has total control of the production process - from loom to shopfloor - but does not own all of the production assets. "The cloth is prepared and dyed by third parties in northern Spain, although Inditex owns stakes in the dying companies. The cloth then comes into Zara's very big warehouse. Zara does the design and cuts the cloth into component parts for the garments, and then the sewing is sent to be done by contractors," said Shiret. "The gear then gets sent back to the warehouse for pressing, labelling and packaging and then it is despatched direct to stores. Unlike other retailers there is no intermediate warehousing. The quality is variable because of the production methods but the fashion tends to be a strong feature, albeit more in tailored products than casual ones," he said. The advantage of this integrated process - unlike the traditional manufacturer to middleman to retailer system - is that it gives Zara speed and flexibility. Clothes go from design studio to shopfloor in two weeks. The retailer can adapt its buying patterns quickly. Trends that fail are ditched, while production of those that do work can be increased. Zara comes into every fashion season committed to only 60 per cent of its ranges. By comparison Next, the UK retailer, is 80-85 per cent committed, analysts reckon. Zara produces 22,000 product lines a year, compared to a four-figure industry average. Its store managers have autonomy in the clothes they sell - they are offered two large ranges each week by HQ and select the style, sizes, colour and quantity themselves. It is impossible to imagine such freedom in, say, Marks & Spencer branches.
master rsi
21/8/2008
10:04
Someone is selling large today 62.5K and 50K
master rsi
20/8/2008
16:31
shows it doesn't take much to move this stock
taffee
20/8/2008
10:06
Looking like the MMs had enough of the mark down and price is having a pause
master rsi
18/8/2008
11:34
EVO the only MM at bid 12p has just moved lower to 11p with the rest and now 3 of them at bid ( no trade reported so far ) 2 MMs at offer 13p my days of being able to tell YOU the Level 2 soon will be over as I cancelled it last month ( but one pay it in advanced and must give 1 month notice) Reason: I am out of the market ( full cash ) for the last 40 days so not much point in paying over £40 a month
master rsi
15/8/2008
12:25
And still moving lower, MMs just making sure one can buy them cheaper, but no takers so far. Wonder what happen to the buyers on the day of the news, "momentis" included? There will be plenty of time to tuck them away at much lower price, the economy is in tatters and it seems around EUROPE are much the same, so no recovery in sight yet. Time will come for everything, just now LUNCH.
master rsi
14/8/2008
14:52
still it cost MM much more than us
eagle eye3
14/8/2008
08:06
Someone purchased 50k after the market closed yesterday looks like an order is being filled an the expence of the price
cosnova
13/8/2008
16:20
Bill - don't worry, my wife has never stopped kicking me since the share price fell out of the sky!!! I no longer entertain the hope of making a gain, but I live in hope that I might one day recover some of my losses and that I will then be allowed out of the dog house and back in the matrimonial home!!! In the meantime, if anyone has a spare bone?! Regards Tibibar
tibibar
13/8/2008
15:16
This all reeks the same way that the MPH did before Morris tried to take it private last time. I could kick myself for not selling out at a decent price earlier. I, like everyone else on this board, have known for some time that this character is not to be trusted and cares not a fig for shareholders but simply in lining his own pocket. Only reason for holding now is the vain hope that he will be replaced (difficult), or put in jail (more likely). BB
billbarton
13/8/2008
14:15
Hi, Sorry I haven't been around for a while - and won't be around much in the near future, due to personal circumstances. Firstly, I would like to say that I echo momentos' views regarding management of the business and director payments. Glibly collecting a FTSE100-style bonus in a year when we have seen almost total destruction of shareholder value is IMO, outrageous and totally unacceptable. Were it not for the Atlas rescue, ISTM that MPH may have been forced into administration, given the dire year-end cash/debt position. I expect to attend the EGM. AIUI a 75% majority of votes is required to pass the special resolution which is required to give effect to the Atlas deal. I intend to vote against the resolutions, unless Michael Morris agrees to return the bonus awarded last year, as a sign of good faith to minority shareholders. Whilst I have little doubt that MM has worked hard in securing the interesting looking deals that have been announced, Greenmark has certainly not worked out as shareholders had been led to believe it would. In the world of business, rewards can only justified by achieved financial results, which most certainly have not been demonstrated in the case of Marchpole. Regards, Mark
marben100
13/8/2008
13:29
the collective term for accountants is a 'quibble'
dennis russell
13/8/2008
13:28
hopefully the new team are involved
eagle eye3
13/8/2008
13:28
the collective term for accountants is a 'quibble'
dennis russell
13/8/2008
11:48
Two?!?! Justin Hampshire (October 2005) then John Harrison (July 07) then Ray Harris (March 2008) then John MacCauley (August 2008) Harrison / Harris were stand-ins stepping across from non-exec roles when they couldn't get anyone else, MacCauley joined in July 2007, up to FD in March 2008. Is there a drought of accountants? Hmmm....
momentos
13/8/2008
11:37
To lose one FD may be regarded as a misfortune, to lose two looks like carelessness. Now Marchpole have gone beyond carelessness into the realms of fishiness.
verulamium
13/8/2008
11:10
Yet another FD walks.
0o0
13/8/2008
10:36
A mark down ( 3 MMs moved prices lower earlier one after the other 8:22am ) and no sells reported, most likely wanting business so finding the price that investors are ready to trade. Link to trades at ..... plus market
master rsi
11/8/2008
09:58
Easy UP easy down MMs on the defensive now after last week mark up, and any sell the share price is brought down strait away.
master rsi
08/8/2008
18:32
Sold none, merely redeclared based on the revised total shares in issue (post Atlas) then bought some.
momentos
08/8/2008
17:34
Barclays sold a chunk and bought back 10 minutws later. Establishing a tax-loss?
dennis russell
08/8/2008
12:45
Hi Recieved notification and voteing form today. All those in favour say YES. Regards
phuckerty
08/8/2008
11:38
Wonder if there will be a write up in the weekend financial supplements, will be in the financial mags next week, could spark some interest.
dan de lion
08/8/2008
10:06
BREAKING the TREND is HARD to DO
master rsi
Chat Pages: 418  417  416  415  414  413  412  411  410  409  408  407  Older
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:43 V: D:20181016 08:13:20