Mereo Biopharma Share Discussion Threads

[daverw] 22/2/2007 21:49

Rough,
Hardman also see Marchpole's shares heading up toward the 175p mark.
Given successful integration of this latest acquisition.
Food for thought?

[roughjustice] 22/2/2007 21:24

Plus your figures are a bit misleading, since they are based on interims, the least crucial part of the year.

Ted Baker Full Year Forecast 32p
Marchpole Full Year Forecast 21p based on Hardman 24th Nov

Additionally with the end of YSl this was due to drop to 15p. Meaning the EPS of Ted Baker is scheduled to be double Marchpole.

Combine the extra aquisition risk of Marchpole, the low cashflow compared to Ted Baker, the weaker brand, the lower economic moat, less liquidity, the eps of marchpole without YSL (excluding the new purchase) and the positive cash position of Ted Baker compared to the high gearing of Marchpole and all of a sudden its not quite the case you make out.

Food for thought?

[roughjustice] 22/2/2007 21:12

Ted baker has a considerably stronger brand and clearer growth prospects.

[wbjunior] 22/2/2007 18:03

Ted Baker price £6.38
Marchpole price £1.48

BIG DIFFERENCE ?

Ted Baker Interim EPS 11.4p
Marchpole Interim EPS 10.2p

Food for thought I think

Hopefully move on tomorrow when last few taking profits have gone..................wbj

[lex1000] 22/2/2007 14:41

Hi wbj,MPH looking firm and strong ready next move up.

[wbjunior] 22/2/2007 12:28

Limited cash also restricted my really loading up, looking forward to breaking £2+ at £1.50 still only 30p old money very cheap imho.

[marben100] 22/2/2007 12:09

Well done Perudo!

Your experience gives the lie to those that say "the market is always right" and helps to debunk "efficient market theory".

If you stand firm, there is every chance you will turn your 25p into 50p or more, as this share still offers value. One lesson you will have learnt: the market can be "wrong" for a long time - and if you are confident that you are right and the market is wrong, it pays to buy more when the price drops even further. I should have done that when the price dipped to 13p - but I didn't know as much about the company then as I do now.

I hadn't found this ADVFN thread, for a start :0)

Regards,

Mark

[momentos] 22/2/2007 10:58

Hmmm, chunky!

150k, 75K, 75K @ 9.45

[skintvestor] 22/2/2007 10:18

If they mark it down too low, there could be a surge of buyers. Something they probably don`t want at the moment!!

[jamesjoel] 22/2/2007 10:08

Yes
A pathetic TREE SHAKE !

[skintvestor] 22/2/2007 09:33

A small move downwards to shake out a few more sellers, I suspect!!!

[wbjunior] 22/2/2007 08:56

Good morning everyone, expect rns regarding Russian licences soon as John Harris said an announcement would be made in two weeks time and that was 11 days ago, should push the price along nicely. Nice quiet opening today with everyone holding on tight to their share, noticed a 50k buy at £1.50 late yesterday, mopping up the sellers at £1.47/48 earlier on.............................holding firm wbj

[perudo] 22/2/2007 01:26

I admit to only being a novice when it comes to investing in shares and I bought into MPH about 3 years ago at 25p, without any scientific research. It was when I worked at Moss Bros and we returned to buying large quantities of YSL suits as trade seemed to be turning a corner and had started to pick up. I thought the shares looked cheap, bearing in mind the business we were doing with them, and believed the way the fashion and suit market was going made them attractive.
Up to the last 2 weeks it had been a disappointing journey. And whilst I have only been reading this (and other MPH threads) for about the last 6 to 8 months, I would like to say how much I have enjoyed the vast depth of information shared and the boundless positivity displayed which has encouraged me to stick with them, when at times it seemed like the easy thing would have been to get rid.
Many thanks for keeping me going, and looking forward to carrying on following your detailed discussions for some time to come.

[jason8466] 21/2/2007 17:07

all soaked up and out the way for another rise.

[marben100] 21/2/2007 16:39

And now we know who the sellers were: clients of Man Financial - RNS just announced that their holding is down from 2,032,000, taken from the circular, to 1,422,000 shares.

As I thought: profit taking by CFD and spreadbet holders.

[jason8466] 21/2/2007 16:13

Marben, thankyou for your research and insights, all very revealing. Again i have returned today to view my screen to a sea of blue with mph and 5 other stocks. These are heady days for me and the mph regs and newcomers alike.
Mph has truly expanded globally and have put in place a supply chain to all markets throughout the world. Shoes to the persians and scent to the French. The value of this company is entirely unpredictable until some figures come through via trading, but I suspect these will show enormous growth through the acquisitions and organic growth.

I note the squeeze on liquidity as the mms are short of stock.

Bring on the £1.50 again, it will soon be breached.

Best regards to all.

[marben100] 21/2/2007 15:35

O/T re ACE - not for me: I fear they may be shafted by the insurers. Bit of a scary business for me.

Re MMs, sure, they may decide to take long or short position on occasion... as you say their "better than average" knowledge gives them an edge but you're doing a good job eroding that edge on this thread ;0). Equally if they've got a big order to fill they may do a "tree shake" to loosen up buyers or sellers.. but people should bear in mind that in general they don't care what the price is, as long as they make money on the spread between their buys and sells.

With small stocks like this, as others have commented, I think the important thing is to decide for yourself what the company is really worth, buy if Mr Market is offering it to you at much less than that figure and sell if he's prepared to offer you more than that figure. Of course, you may need to revise your estimate of the business's value according to newsflow. Sometimes you have to have a lot of nerve to stick to your guns through the tough times - but it's lovely to see when the market finally realises you were right :0). For me, what's really important is the news, rather than what happens to the price from day-to-day - until it hits your buy or sell target. I'm quite prepared to hang on for another year, if that's what it takes to hit 210p - and by then the value may be even better, in which case I still won't be selling. After all, 210p is nearly a 50% gain from here and I'd be very happy if all my investments made 50%pa.

Cheers,

Mark

[wbjunior] 21/2/2007 14:12

You did well to ride it out Krazy, I shall continue to hold as long as the company performs well and is not overpriced. If this company as an example rose to £2.50 and my valuation was £3.00 I would sell as I can obtain a 50% mark up else where and there would only be 20% left in the price. Long way to go yet £2+ minimum imho

Off for the afternoon with mrs wbj shopping, I may sneak a crafty bottle of plonk into her basket lol...................cu tomorrow good luck...............wbj

[lex1000] 21/2/2007 14:10

wbj,@ 300p, thinking more overnight hotel dinner & breakfast take in a show of your choosing.On the other real cream cakes sound tempting and can eat them in your newly built double garage with accomodation over.

[krazykid] 21/2/2007 14:06

wbj...i like gravy so hope i get a lot, to break even was never why i bought it...but then i never expected it to drop like it did, kept the faith (which is not the way i trade now!) but never had the courage to add mores the pity.

[wbjunior] 21/2/2007 14:04

Looks like 2 x 100k buys at 12.44 today, plenty to come don't let your holdings go to the fundies...............wbj

[pricemilne5] 21/2/2007 13:57

Nice little rise there to tempt a few sellers....all the more reason to hold on for more! 1.85 here we come!

[wbjunior] 21/2/2007 13:13

couple drawn out at £1.48 to be expected, but not many will let go as low as that imo................wbj

[momentos] 21/2/2007 13:10

at 10p a day, that will be by Christmas....!

[wbjunior] 21/2/2007 13:09

straight to £2 at this rate imho.....wbj