Mereo Biopharma Share Discussion Threads

[lex1000] 14/2/2007 10:36

Indicative filling of buy order and or further rises breakout above 130p (only 26p old money)

[skintvestor] 14/2/2007 10:34

Market seems to be happy soaking up the sells!!

[lex1000] 14/2/2007 10:32

From what I can see currently market is AFTER MPH stock.On the bid @ 128.5p.Whilst joking yesterday in all seriousness indicative of todays rise.Co-incidence leave peeps to decide, however , if had had any spare funds would have bought Marchpole yesterday.

MPH has skipped over resistances @ 120p; 122.5p and 125p.Currently sitting in breakout territory with more to come.Snapshot at this second in time very positive.Hope for holders that this is beginning of re-rating to fairer value.aimvho.

edit:on line being offered bid 25k sell @128.5p.Market filling buy order perhaps?

[taffychaff] 14/2/2007 10:30

mph loans new aquisition £300,000 for general working capital.Not being negative,but why would a company making several million profit sell for just £3 mill with net assets of over £8 million?

[cosnova] 14/2/2007 10:29

anyone got level 2?

[marben100] 14/2/2007 10:24

mm has done a good job imo

:0) That's the problem: he's done a superb job and MPH went through a disastrous period when he wasn't in control. So, that leaves the worry: what happens when he's had enough or, heaven forbid, anything happens to him (he is over 60 now)? That's why succession planning is such a big issue. I hope that the recent acquisitions will bring some new talent into the business. IMHO that's just as important (or possibly more) as the raw numbers.

[lex1000] 14/2/2007 10:22

Trades on PLUS
14/02/2007 08:19:25 127.00 1648 O 209296.00
14/02/2007 08:18:40 127.20 732 O 93110.40
14/02/2007 08:18:11 127.00 10000 O 1270000.00
14/02/2007 08:17:49 127.00 9000 O 1143000.00
14/02/2007 08:17:14 127.00 2000 O 254000.00
14/02/2007 08:14:59 127.00 25000 M 3175000.00
14/02/2007 08:14:40 127.00 9000 O 1143000.00
14/02/2007 08:13:47 127.20 5000 O 636000.00
14/02/2007 08:13:19 127.01 12000 O 1524120.00
14/02/2007 08:12:31 128.00 10000 M 1280000.00
14/02/2007 08:10:45 127.10 10000 O 1271000.00
14/02/2007 08:03:17 124.70 3929 O 489946.30

[0o0] 14/2/2007 10:09

taffe, Marchpole is not listed on AIM it is a FTSE small cap, General retailer.

[taffychaff] 14/2/2007 10:00

spot on....being on the aim market doesn't help.I will hold up to results and add then only.....low risk strategy I believe.Too much control at the top is a little concerning,however,mm has done a good job imo....I just need confirmation

[marben100] 14/2/2007 09:53

taffee,

a) Boateng is really a minor (but annoying) distraction in the overall scheme of things now
b) Any acquisition must be considered on a case by case basis. So far, this one looks very shrewd but i) we don't have the full info yet; ii) we'll only know in the fullness of time when the results start coming in.
c) The shares will probably be rerated once the market has seen satisfactory post-YSL results. This has very little to do with market makers and most to do with supply/demand for shares. Shrewd investors will also be cautious about the dependence of MPH on Michael Morris. If/when there is a proven, effective potential successor in place, investors will be more comfortable to own these shares.

Patience is required. If you are confident that MPH will continue to perform, and it does, then the rewards will follow.

I remain a happy long term holder.

Regards,

Mark

[taffychaff] 14/2/2007 09:35

great news but £3 million aquisition seems too good to be true,the boetang situation is also unclear.mph must have taken on debt otherwise it makes no sense.

Growth by aquisitions is always a bit of a hold on shares imo.There is also a correction overdue in the market.

I will still hold but have become realistic that a massive rerating is not necessarily on the cards particularly when controlled by market makers

[slogsweep] 14/2/2007 09:29

Held these for yonks , couldn't understand why price so low so couldn't bring myself to sell, phew!

[wbjunior] 14/2/2007 09:27

"This acquisition now demonstrates to us that Marchpole has sufficient brand diversification to offset the former YSL licence, noting we now forecast a clear positive progression of on-going profit growth for each of the next three years," Shore Capital analyst John Stevenson says in a note.

To read company statement, click on [ID:nRNSN2175R]. Rueter.......wbj

[gresham] 14/2/2007 09:18

At last ;-!

[Abuse team] 14/2/2007 08:59

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[Abuse team] 14/2/2007 08:42

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[wbjunior] 14/2/2007 08:42

Just online great news, just emailed directors yesterday about progress and up it pops, alot more to come now. Looking after grandchild this morning so will miss alot of the action.................................best wishes to all...wbj

[marben100] 14/2/2007 08:41

Hi Greysky,

I quite agree - the figures look crazy. I can only assume that there's a lot of debt on Greenmark's balance sheet, making the EV a bit less crazy. [also the £3m pretax may have been due to an exceptionally good year]

In MPH's usual fashion (excuse the pun :0)) there's quite a bit of mystery in this RNS (there isn't even a a date I can find for the EGM). The figures, I hope, will become clearer in the shareholder circular. I'll probably attend the EGM and will try to get clarification on anything that remains unclear after the cicular.

The "trading statement" included in the RNS is also totally meaningless - nothing there that wasn't published in the interims. All it says about the current period is "well positioned" - could mean anything. From the way MPH words its RNSs and is so cagey about info. in general, I do wonder whether they're deliberately trying to hold the share price down ATM.

Anyway, based on what we have so far, it looks like a superb acquisition: good financially and a good fit for the business. One other possible plus is that maybe the Greenmark execs may help to solve Michael Morris' succession planning worries. Let's hope they fare better than some of MPH's previous execs.

As a holder since late '05, very gratifying to see a decent lift in the share price I just hope it sticks & moves on from here.

Cheers,

Mark

[lex1000] 14/2/2007 08:32

Yes MPH was trading 30p-37p in old money which gives target prices 150p-185p.Market held and manipulated share price down, hence , easy prediction rise would be fast and furious.MPH always pays dividends! Always question when not if.More to come one feels. All institutions on board growth & dividend.Potential journey to 175p-200p+. Strong hold.

On t/a MPH a buy & fundementals.That's what fundies have been doing.Momentos drew attention to golden cross.May or may not fall back a tad.Points to 150p.MPH can take this rise 128p-130p & hope more over coming days & weeks.No holdings therefore unbiased view. aimvho,dyor.

[daverw] 14/2/2007 08:28

Still only 25.5p old money, re-rating has further to go I hope.
regards

[lex1000] 14/2/2007 08:22

Maybe some stale bulls,however,those who've bought 100p should see good return and increasing % yield.Sticking with my o/t CCT, however, always best wishes all on here.Would make me very happy to see MPH catch up with CCT.regards lex.

[Abuse team] 14/2/2007 08:20

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[dan de lion] 14/2/2007 08:17

20 minute delay on plus!

[lex1000] 14/2/2007 08:16

No buys showing on PLUS just yet.Only 35k on MPH.May see some profit taking.MPH recently had the feel something happening soon!