Mereo Biopharma Share Discussion Threads

[lex1000] 14/12/2006 13:49

Snapshot:-Just think playing ping pong,could have sold MPH for 107p, now 110p/112p and bought RAB @ 101.5p currently 100p/101p ending up wrong side of both!

edit 14:04:RAB finding resistance @ 100p.Down 99p/100p!

[cr4zyness] 14/12/2006 13:40

;) Of mice and men

[lex1000] 14/12/2006 13:32

Hooray! Common sense prevails.Tick up^ Well done all those holding.

[wbjunior] 14/12/2006 13:06

Thanks OoO

[0o0] 14/12/2006 12:37

FT article is in Post 2478

[wbjunior] 14/12/2006 12:24

Anyone manage to get the write up from the FT yesterday, please post , appreciated......wbj

[wbjunior] 14/12/2006 12:02

Vixen your absolutely correct all my eggs are in this one basket, as long as the company performs to my earnings and growth forecast's I shall stay with them unless they get overpriced (I should be so lucky) and then I would take profits, must admit to finding it hard going, but as Matt as already stated I believe in the business model and Michael to drive this company forward. Good luck ......wbj

Ps I had correspondence with John Harrison a few weeks ago and he seemed as happy as everyone else that the Boateng situation was concluded, it must imv be Boateng starting more legal action to end the contract, although as it ends in Oct09 anyway whats the point. I think the management of MPH would be as pleased as most investors to see the last of BOateng for good but not on his probably greedy terms.

[lord buffett] 14/12/2006 11:41

Personally I think it's Boateng who's causing this litigation.

The man has entered into a contract with Marchpole, Marchpole have invested loads of money in the brand and then Boateng thinks he can just do what he likes by breaking it!
Probably an over simplification, but not far off.

I don't think anyone in their right mind would think this is a reasonable way to behave and it would set a dangerous precedent for all investors if it were allowed to go unchallenged.

[pingi] 14/12/2006 10:56

I've always wondered how many opportunities have been missed by MPH due to their growing litigious reputation.

Anyway, make up for the fall with RAB... should be good for a few more %.

[0o0] 14/12/2006 10:43

I am still trying to make sense of this Boateng affair. Dan De Lion I am sure is correct when he points out the AFXF is misleading.

The Title of the AFX is "Marchpole faces fresh claim from Bespoke Couture to terminate Boateng licence". What Marchpole actually said in the RNS was:

"Earlier this year, Bespoke Couture Limited sold a diffusion range of garments to some of the Company's customers in breach of the Licence Agreement. The Company commenced proceedings in June 2006 against Bespoke Couture Limited claiming damages and in those proceedings Bespoke Couture Limited have made a Counterclaim in which it alleges that it has new grounds to terminate the Licence Agreement. The Company has been advised that Bespoke Couture Limited has no prospect of success and that it will be awarded substantial damages against Bespoke Couture Limited.

The Company is seeking trial of the new action at the earliest possible date
which is likely to be in about March or April 2007. In the meantime, the Company
have continued to produce and sell Boateng Diffusion garments for Spring/Summer
2007 and will be doing so for the Autumn/Winter 2007 season.

I read this as a totally different court battle from the one that was resolved in November. I see this as proceedings started by Marchpole in June 2006 for damages against Boateng. Boateng is now fighting Marchpole's claim for damages by presenting new grounds to terminate the Licence. One thing's for sure, as Marchpole started proceedings in June 2006 this is not new news to the management.

I have never seen this new action against Boateng mentioned on this thread or a Marchpole RNS until two days ago. That's not to say I have missed something and everyone else was well aware that this was going on.

[vixen] 14/12/2006 10:12

I'm with you Matt, cheers. No doubt wbj as well seeing as how he has staked the rest of his retirement on it.

[13matt13] 14/12/2006 09:44

DDL,

Michael Morris is being honest with shareholders, he or the board would not have been told in advance that Boateng would be making another claim.
Boateng is picking up on another issue which he has considered privately & taken legal advise on.

Boateng does not make money for MPH, probably never would, no loss there.

Prospects for MPH have never been better,turnover is rising substantially profits are about to really flow.A new brand is just around the corner & some new licence agreements are in discussion as I write.

YSL is hard to find on the high streets, so where are those profits coming from? Come June 07 the YSL profits cease how much of a loss is that going to be for MPH.

My money is still firmly on MM & MPH

[dcd] 14/12/2006 09:02

L2 6 bid 6 offer, still got this suckers spread, no buyers and no sellers. Come on MMs stop playing games and make a market like you should.

[momentos] 14/12/2006 08:13

Anyway, bound to tick up today:

"The market is an inviting one for short-sellers. Risk lovers may now go for short sale. The market is already moving on the side of shorts ignoring the confirmed bullish patterns. "

[dan de lion] 14/12/2006 07:45

I see that British Bullocks "sold" yesterday for 1.16!!!!!!!!!!

[momentos] 14/12/2006 07:30

Well, mid price did get down to 109.5 so it was quite close actually, if MM's wanted to offload..

[argy2] 14/12/2006 07:21

Cr4zyness

Can't for the life of me think why you thought a 'substantial buy order' at 109 would be filled after yesterday's trades.

[dcd] 13/12/2006 22:52

Evening all.There has been a suckers spread all day on MPH, set up to get the weak holders to sell and to put off any buyers. You could not get anything worth having on line either. Sueing people in the rag trade is all part of the business ie protecting copyrights and new designs and also licence agreements. MPH is making money and if our MMs give us a chance buyers will be in. It's not the RNS pulling us down it's the sellers and the MMs.

[cr4zyness] 13/12/2006 20:49

Well for the holders who still have there britches intact, for what it is worth I put a substantial buy order in today at 109, I can tell you it was not filled so I take confidence in that especially when the bid hit 108, could be a little bit of "making the most of a RNS" dont you think. It wouldnt surprise me in the slightest if soon details of the aquisition or a directors buy was slipped in. I hope the sellers who have a sly smile to themselves today no names mentioned are as quick to report back we will see. ;)

000 I see you have taken a short stance hope it doesnt spoil your Xmas!

[taffychaff] 13/12/2006 20:26

unless mms get a sniff

[0o0] 13/12/2006 19:56

Dan De Lion

First I have to be upfront. As you may well imagine from my comments about this latest after hours RNS from MPH yesterday evening , I sold the lot on the opening bell but I was NOT tempted later into buying back for a bounce.

My reason being that MPH is not upfront with its shareholders. MPH must have known at the recent interim report that the Boateng story was not as Hunky Dory as they were making out and the RNS tells shareholders SFA about Boateng's new claim.

Obviously I would not spend precious time and effort looking at MPH if I did not think there was money to be made but as it is I will sit on the sidelines for now. I keep writing MPH, yet a reality check tells me it should be MM, at the end of the day a bet on MPH is actually a bet on MM.

As for the poster who thinks a MBO is good news, think again. Management will normally drive a stock to a rock bottom price before putting in a bid.

[larmertree] 13/12/2006 19:46

Ho Hum, dying of old age here.

[dan de lion] 13/12/2006 17:37

MPH has to defend it`s corner, it cannot allow Boateng to get away with selling a diffusion line whilst MPH hold the licence, this RNS was brought about I would think by the fact that the FT were going to publish today that litigation between MPH and Boateng was on the go again(seeming to indicate that Boateng was making the running), hence the RNS last night setting out MPH`s reason`s, we will see if there is further comment tomorrow in the FT, perhaps a bit more well informed(some hope).

[jason8466] 13/12/2006 17:34

hopefully morris will give us a special divi for anxiety caused. Preferably a slice of the hoped for damages.

btw are there ever watertight cases.ie mcartney and mcartneys divorce? cos as we all know one party hasnt two legs to stand on , boom boom lol