Mereo Biopharma Share Discussion Threads

[wbjunior] 29/11/2006 12:55

Just got back, nice to see some took advantage of the low price and yes I have been over optimistic on earnings(guilty) but not this time my friend I'm on the low side imho..................wbj

[skyracer] 29/11/2006 12:34

"We are currently in negotiations for an acquisition which we hope to conclude in the very near future."

Worth remembering this. The right aquisition; managing brands, high t/o, low profit due to overheads, could make MPH share price rise.

[lex1000] 29/11/2006 11:55

That's better.Mid price ticked up bang on 112.5p!

[lex1000] 29/11/2006 11:44

Can see total 22,997 sells @ 110p; 24,251 buys 112.5p+.Late trade showing 25K @ 112p.o/t For better or worse (time will tell & highlighted here 76p/77p) averaged up in CCT with money from Marchpole.

[taffychaff] 29/11/2006 11:33

bought another 10k worth.................cheap as chips

[lex1000] 29/11/2006 11:18

Another buyer this time on PLUS.
Bid Ask Volume Open High Low Close
MPH 111.00 115.00 24,845 110.00 112.80 110.00 113.50

29/11/2006 11:07:39 112.50 10,000 O 11,250.00 edit:delayed trade
29/11/2006 11:00:48 112.80 8,807 O 9,934.29
29/11/2006 10:21:28 110.00 500 O 550.00
29/11/2006 10:00:50 110.00 1,000 O 1,100.00
29/11/2006 09:27:30 110.00 1,474 O 1,621.40
29/11/2006 09:13:09 110.00 1,000 O 1,100.00

[lex1000] 29/11/2006 11:06

Link re:x'mas retail trading posted on another thread.Yesterdays news.The usual dampener stuff!

[lex1000] 29/11/2006 11:02

MPH as near a dammit just clinging support @ 112.5p.As suggested earliers mms psycological gameplay going on, dipping share price just below.Interesting if buy order being filled?

[pobpob] 29/11/2006 10:50

I sold yesterday under duress, (banked profit of 12%) as I still think this company is worth more than the current market cap, if it starts to head north again soon I will buy back in.. could just be making a nice step on the chart ;-)

[tuftymatt] 29/11/2006 10:20

pobpob,

If that is the case then I will take back my statement about a bit more of a drop. Having said that I would not be a buyer either.

[pobpob] 29/11/2006 10:12

mph would only be down 1/2 had it not gone ex-div today.. think this may bounce next week

[lex1000] 29/11/2006 10:04

Plenty stocks sold down to previous supports bouncing.

[tuftymatt] 29/11/2006 09:57

I see YSL is now sold in the top class retail outlets "sports and Soccer"....LOL

Have noticed a few posters around Southampton for Ungaro. To be honest they look good and should help the name sink in for when the goods are more easily available.

[wbjunior] 29/11/2006 09:55

Great to see a balanced view and some interest even if its negative of late from Pingi, keep the contributions rolling in guys and girls.........lol...wbj
Off for the day with grandchild, more swings to push, hope it stays dry... keep smiling and remember the time to buy is when the value gets better.

[pingi] 29/11/2006 09:49

momentos - 29 Nov'06 - 08:50 - 2273 of 2278
'They will in the UK be selling pretty much the same YSL product branded as Ungaro.'

How fickle is the brand conscious consumer? Very is the answer. Same product... doesn't matter. YSL flies off the shelf. Ungaro won't.
This will be further hindered by retailers not giving Ungaro the same shelf space as they would YSL.


'Moda America is just about profitable.'

You mean it is losing money at the moment and consuming cash.


'JCC has turned profitable and the addition of Okaidi revenues and Perfume revenues (4% of what was Euro 30m sales in 2003, 1.2m PURE PROFIT).'

Good contribution to covering overheads.


'The dollar lowering reduces sourcing costs (contracts for HK in USD)'

Don't forget US sales will be reduced as will losses and profits when reported in GBP.


'Hommebody has potential to expand.'

Just as well... maternity wear that doesn't wouldn't sell.


'Ungaro gets a free bounce on Asim Abdullah expenditure to relaunch brand, led by proven relaunch talent Mounir Moufarrige.'

Yes... but it's going to take years and a lot os brand promotion to get anywhere near where YSL is.


Ungaro is expanding reach across the existing customer base.

'If you lose your head and look only for the negatives you will find only the negatives. Looking at facts is usually useful.'

Agreed.


'Whilst I agree wbj's profit forecasts may be overly enthusiastic sometimes, your "Wipeout" forecast is equally questionable. The truth probably lies somewhere in the middle.'

Forecasts are not about looking for absolute truth... they are about direction... and I see massive revenue expansion at the expense of profits over the next 18-24mths.


'BTW YSL can be sold through to end June 2007.'

Last deliveries (sales to MPH) will be Dec. 2006... sell through is time consumer will see it in the shop.

[wbjunior] 29/11/2006 09:45

Disappointed to see the drop back once again, but all small traded and an opportunity for MM to play around with the price when pi's stay away. Buying opportunity imv. Eating away at my profit once more, but like a loss only on paper, happy to hold.....wbj

[lex1000] 29/11/2006 09:19

If past trends are anything to go by then yes MPH a traders stock.Sentiment ebbing away.Disappointing.britishbulls.hitters.com surprisingly got it right with their sell signal 24/11/06 @ 118.5p.Today they say WAIT.

[argy2] 29/11/2006 09:13

I'm with momentos on the profits front.
I still believe that the company lacks credibility in the City because of its history and Michael Morris' involvement. That said it would be a shadow of itself without him.
Unfortunately Institutions seem to be reluctant to get involved and so private investors and newsflow are the driving forces behind the share price.
Perhaps the 'buy back' may help although I have my doubts.

[tuftymatt] 29/11/2006 09:11

Hello everyone,

Well the only thing that you can be certain of with this one is after a good rise a good fall will follow.

I have said for many months now that the only real winners are the traders due to the fact that the minute they pull out their quick profits down comes the price.

Long term holders, and by that I don't mean the ones who have held since this March, continue to see goodish news but fail to see the share rise to the highs of two years ago. The company itself fails to help them my messing up simple statements and so the market remembers the bad things.

I am by far no expert but for me MPH is there to be short term traded only and if I was holding in profit today I would sell as at the moment I see this going down a bit more yet.

[0o0] 29/11/2006 09:04

I reckon those using the "Silly RNS" as an excuse for the price drop should think again. Mistakes happen.

The loss of YSL and an acquisition spending spree is what is making the market uneasy. As I said in an earlier post, 30% of business acquisitions fail outright and 90% of restructuring fails to produce breakthrough results. Hence there is great uncertainty as Marchpole moves from the Licence trade to both Brewer and Wholesaler. Obviously Marchpole must be worth something but there are no "hard" forecasts for peeps to number crunch and and make a reasonable guesstimate Plus there is the MM rogue element factor too.

I wonder if Marchpole have ever considered their own branding and some organic growth instead. Marchpole sounds a lot better and upmarket than Ungaro, probably more memorable too.

[lex1000] 29/11/2006 09:01

guessing game as to whether mickey makers are playing games here. playing psychological warfare to squeeze out last of sellers or something else?

[momentos] 29/11/2006 08:50

"I think the market will assume a near wipeout of profits... anything more will be a bonus"

I think you will find that, among others, Hardman & Co, KBC Peel Hunt and Shore Capital do not see a profits wipeout.

They will in the UK be selling pretty much the same YSL product branded as Ungaro.

Moda America is just about profitable.

JCC has turned profitable and the addition of Okaidi revenues and Perfume revenues (4% of what was Euro 30m sales in 2003, 1.2m PURE PROFIT).

The dollar lowering reduces sourcing costs (contracts for HK in USD)

Hommebody has potential to expand.

Ungaro gets a free bounce on Asim Abdullah expenditure to relaunch brand, led by proven relaunch talent Mounir Moufarrige.

Ungaro is expanding reach across the existing customer base.

If you lose your head and look only for the negatives you will find only the negatives. Looking at facts is usually useful.

Whilst I agree wbj's profit forecasts may be overly enthusiastic sometimes, your "Wipeout" forecast is equally questionable. The truth probably lies somewhere in the middle.

BTW YSL can be sold through to end June 2007.

[lex1000] 29/11/2006 08:47

oh dear 110p-113p.....mid price of 111.5p didn't expect to see it.If downtrend continues something wrong here.Make or break.Need to see T trade mopping up all these sells,director buying,something.Goes to prove strategy of top slicing and banking profits 18%-20% for the taking is worth considering.Traders of MPH stock been making the most out of Marchpole.

29/11/2006 08:16:51 110.00 4,656 O 5,121.60
29/11/2006 08:15:06 110.00 2,858 O 3,143.80
29/11/2006 08:01:05 110.00 2,750 O 3,025.00