Mereo Biopharma Share Discussion Threads

[Abuse team] 06/7/2006 12:36

Post removed by ADVFN

[Abuse team] 06/7/2006 12:36

Post removed by ADVFN

[Abuse team] 06/7/2006 12:36

Post removed by ADVFN

[pycco] 06/7/2006 10:11

There could be some T10's still around. Anyone who bought a T10 day before results should have to sell today (2 clear days before T10 expires), unless they're going to keep them.

[spaceparallax] 06/7/2006 09:40

Oh dear, thought we'd bottomed. I don't see why people are choosing to sell now.

[momentos] 06/7/2006 09:15

I think we still have the seller around (GT?). Late the last two nights 50k sales have been booked. Someone working an order?

5/6 16:53:03 20.5 50000 O C
4/6 16:55:32 20.5 50000 O C

[cr4zyness] 06/7/2006 09:03

Momentos,

That is very good point the business is currently undervalued and the posters on here know it. An RNS will set this baby alight but I think before this the Directors will be buying some shares IMHO ;)

[pycco] 06/7/2006 08:26

Plus, I think, some of the Spring/Summer 2006 order book of £15.6m should be included.

[dan de lion] 06/7/2006 07:46

KBC estimate could be a bit out given that MPH have £40 millions forward orders for the A/W collections!!!!!!!!!!!

[momentos] 06/7/2006 01:22

Just a few historics to show how undervalued this share is

Year Ending- Revenue (£m) Pre-tax (£m) EPS P/E
31-Mar-03---- 15.99------ 0.72----------- 0.60p --- 4.6
31-Mar-04---- 19.99------2.65-------- 1.40p --- 11.3
31-Mar-05---- 31.52------ 4.88-------- 2.30p --- 11.5
31-Mar-06---- 38.37------ 4.92-------- 2.60p --- 7.7
31-Mar-07---- 38.84------ 6.72-------- 3.40p --- 6.1 (KBC Est)

So in 5 years EPS is 10.3p. That is some return at the current price. Try adding it up for other shares you are invested in and compare vs share price / market cap..

OK, there is uncertainty for some of the future, but the current rating does not include a premium for the huge business potential. This should be trading at at least 30p.

[momentos] 06/7/2006 00:52

For the bored. Marchpole Quiz link fixed in header.

[dcd] 05/7/2006 22:50

MPH held up well today, MMs taking in the stock to sell it back for a lot more.

[groats118] 05/7/2006 16:45

wbj,

It's called market manipulation !! Future forecasts is what the markets like and in no way are they reflecting it with this share ! It will get the re-rating it deserves just a matter of patience !

Momentos nice thread, thanks !

[wbjunior] 05/7/2006 16:02

Another quiet day with a few more sellers taking the 20.5, when will the Market support this company? where are the revised forecasts based on the new trading figures? something must happen soon surely......................off out.......wbj

[wbjunior] 05/7/2006 13:13

How close was my forecast , last in selected posts. Perhaps I should have been an analyst..................lol.............wbj
PS Great thread well done Momentos

[momentos] 05/7/2006 12:51

L2 anyone?

Plus Markets spread sitting at 20.5 - 21.5

[momentos] 05/7/2006 12:46

a Buy If today. And as we know they are always right.....

The daily commentary sees to have been amended from the usual guff, seem sthey are hedging their bets a bit more!

"The last two candlesticks formed a Bullish Engulfing Pattern . This is a bullish reversal pattern that marks a potential change in trend. However, its reliability is not very high and it requires confirmation.

The last three candlesticks formed a Bullish Morning Star Pattern . This is a bullish reversal pattern that marks a potential change in trend. Though it is highly reliable confirmation is still recommended."

BTW this is their action for the last 6 weeks, alternatively called "how to bankrupt yourself with dealing costs when the price moves marginally" ....

29.06.06 22.000 Sell 505
22.06.06 20.750 Buy 477
20.06.06 21.000 Sell 477
15.06.06 19.750 Buy 448
08.06.06 21.750 Sell 448
26.05.06 21.000 Buy 433
24.05.06 21.250 Sell 433
19.05.06 22.000 Buy 448

[pycco] 05/7/2006 12:36

£40m forward orders is impressive. Also, I've been looking at results back to 2002 and have noticed that the following has always occured:-

(S/S forward orders + A/W forward orders) + approx. 40% equates to the next published figure of full year turnover.

I assume licencing income is in the 40%.

On this basis the current full year turnover will be £78m (up 103%). Nice. DYOR.

[cr4zyness] 05/7/2006 12:11

Great board now lets get this stock to where it belongs 30p+

[daza70] 05/7/2006 11:23

cheers momentos

[dan de lion] 05/7/2006 11:21

MPH are still marketing the Boateng label until such times as the appeal rules for or against, MPH still think that they have a good chance of overturning the judgement, which was on very technical grounds apparently.

[gresham] 05/7/2006 10:34

Nice new Thread momentos - keep up the good work ;-)

[outsourcer] 05/7/2006 10:24

momentos, very nice thread, thank you

[momentos] 05/7/2006 10:08

Lol, he was culled last year!

Will try to update the narrative at the top and dig out any news / collections not here.

Major holders (under the charts) updated already.

[remynapoleon] 05/7/2006 10:04

Back in your rightful position momentos.

I noticed Boatang is missing from the collections window. Are you ahead of the crowd again or just wishful?

remynapoleon