Mereo Biopharma Share Discussion Threads

[lex1000] 09/12/2006 01:00

Larmertree, your welcome.You sound as though you have developed gut instinct and knowing what you should do. Put my hand(s) up to ocassionally making slip ups & not being as disciplined on entry price.I've been wrong footed in the past & that includes MPH.Other problems learning to work through and live with:(i)having a smaller pot to play with (ii) competing shares to invest money in when spoilt for choice and (iii)when assessing the upside remembering to take account of downside.The latter links in with discipline on entry price (includes exit price) and therefore sometimes best to place open limit orders which removes element of human emotion and risk of paying more than one should! Recently paid too much for PKW.In other words sometimes easier said than done! Important to have clear objectives and exit strategy.In individual cases this might mean holding for several years. What all us have to remember is that even the mightiest of companies can tumble down. Generally speaking active/over trading no guarantees to make greater gains than a "hold" strategy.MPH probably rise see previous highs of 185p and potential more some if all goes to plan.Don't know "when." Guess 2007/2008 within 24 months of now, which means possible 60% upside plus dividends from current levels.Potential average 30% a year on two year view.Pays money and makes choices.Care required when reading any bb and more so when actively posting on thread which may lead to be too emotionally attached.Never invest on someone elses say so or assume others can't get it wrong. Previously personal commentary based on buying price for MPH @ 100p-102p or less and recently moved this to 110p-113p or less.Share price predictions and posts assume buying prices 100p-113p.This is a friendly thread respected posters with in depth knowledge of retail and MPH in particular.I'm NOT that knowledgeable & don't pretend to be however post about experiences,lessons, what I know or think I know and the everyday. Appreciate that this may not be to everyones personal taste & liking! World a sadder place if peeps can't be themselves.regards.lex.

[Abuse team] 08/12/2006 22:02

Post removed by ADVFN

[larmertree] 08/12/2006 22:01

Lex1000. Thanks for your response to my post yesterday your comments are appreciated. I am wiser now than when I first put my money on MPH which has now enabled me to play with different strategies such as landing a sensible loss if I see greater opportunities .......... and have I made more than the building society? well the answer is yes so no regrets.

But what have I learned from my MPH experience? I think that would have to be patience at every stage of the deal especially when buying, the timing needs to be right which requires research over time, many shares give multiple opportunities to buy in sensibly as you pointed out to me.

Regards

[momentos] 08/12/2006 19:14

BB bought of course, and beat the T trade price by a whole penny! Impressive.

Good weekend all.

[momentos] 08/12/2006 16:17

Those trades, wbj, when you add the stamp, round to £45k and £60k. Someone is keen!

[momentos] 08/12/2006 16:14

Just found an article in the Lawyer dated 9th September that says this:



"For example, the Court of Appeal IP licence dispute between Ozwald Boateng and Marchpower Holdings is expected to carry legal costs upwards of £1.5m."

(probably didn't find it before 'cos Marchpower doesn't exist!)

Nw let me recap:

Round 1: Marchpole won (Dec 2004) - costs against Boateng
Round 2: Boateng won (Mar 2005) - costs split, mostly against Marchpole
Round 3: Boateng won (Jul 2005) - costs against Marchpole
Round 4: Marchpole won (Nov 2006) - costs against Boateng

Now round 2 (appealed round 3) was the major part of the battle, so if I had to guess I would say Marchpole copped £1m plus of legal costs.

Given that after round 3, Marchpole changed solicitors from Field Fisher Waterhouse to Memery Crystal, we can but assume that, unless they are in dispute, the FFW legal bills are paid and that the numbers are lost somewhere in "Administrative expenses" up to this point.

This is not actually a negative point in the end, it actually means that the true operating profit and operating margin are higher than currently perceived. Which is good news!!

[wbjunior] 08/12/2006 16:01

08/12/2006 14:08:37 114.50 52,140 O 59,700.30

Spot on Momentos.........................on plus market........wbj

[momentos] 08/12/2006 15:14

Tick up five minutes later to day so perhaps will fall back at 15.15 instead of 15.10...

[momentos] 08/12/2006 15:08

18,500 sells, no buys, tick up. Logical!

Another T trade being filled at 114 no doubt. Somebody bought £45k's worth yesterday....

[wbjunior] 08/12/2006 14:17

Hope your right dan!!!!
when did that happen then ?

[dan de lion] 08/12/2006 14:11

T`other way wbj.

[wbjunior] 08/12/2006 13:22

Symbol Bid Ask Volume Open High Low Close
MPH 112.00 116.00 13,140 112.15 112.16 112.15 114.00

Date Time Price Volume Type Consider ( £ )
08/12/2006 12:56:16 112.16 750 O 841.20
08/12/2006 08:51:35 112.16 390 O 437.42
08/12/2006 08:34:08 112.16 5,000 O 5,608.00
08/12/2006 08:19:08 112.15 7,000 O 7,850.50
07/12/2006 15:23:47 113.05 3,248 O 3,671.86

Not one buy so far, mm will nudge this down to grab a few more soon I think.......wbj

[wbjunior] 08/12/2006 13:14

Yep, rock solid at this price and nothing to do but wait for the market to catch up, money talks and its results that will move the price up in the end. Be patient all comes to those that wait...................wbj
Lex some good write ups keep it coming and hopefully we may see you back on board, I could do with a second in command..............lol

[cosnova] 08/12/2006 12:52

The market treats this share on the basis 'seeing is believing 'the board have not inspired confidents, however for the long term holders they can see the potential and in the meantime the short termers can take advantage of the market makers testing of the price. Roll on the next acquistion.

[deanroberthunt] 08/12/2006 12:18

is this the most unloved stock, got to be top 5 imo....there she still sits at only 6x earnings (current), imo future is less 4/5, even without YSL......scetor average is 18/19, seems obvious dunnit, but if it were only that simple...hohum

[lex1000] 08/12/2006 11:14

o/t CCT losing some of more recent gains from 100p.Fell back intraday highs 115p-117p to 109p-113p.Run out of momentum despite analyst Strong buy and Shares Mag buy recommendation.So my alternative down -2.2%.MPH holding 112-115p!

[momentos] 08/12/2006 09:51

Dan, whats the problem? it has been at least 24 hours since they sold!

[dan de lion] 08/12/2006 09:39

Amazing "Buy if" on B.Bullsh*t.

[lex1000] 07/12/2006 23:21

Larmertree,disciplined traders of MPH buy @ supports,not paying a penny more, and sell at resistances.Ask VIXEN whose regularly traded MPH over the years and suspect made much more than patient long term investors.It would appear mickey makers and market have not re-rated MPH.Instead mms continue to run tortoise program software now shaking out sellers @ 112.5p presumed new support taken over from 100p. share price to trade between 110p & 125p.IF that's the case buy 112.5p and sell 120p-125p.MPH has capacity to surprise.Currently neither holding nor tempted to trade MPH choosing instead put more into o/t CCT which pays 1.65p divi next month.Poster says buy rating today in Shares mag.Wish all holders here see MPH @ 150p .imho.dyor.

[larmertree] 07/12/2006 19:50

Tedious, tedious?? you betcha this is one of the worst trading decisions I have ever made. Sold half of mine at 117p at a loss of around 5%, bought another share and have made 30% on that already so I guess the rest can stay here until I get a sniff of the price going down again then I'm out for good.

[wbjunior] 07/12/2006 15:58

MM playing around with the spread, gets tidious after a while.............wbj