Mereo Biopharma Share Discussion Threads

[cosnova] 28/2/2007 08:04

some interesting buys yesterday, egm next week, expecting more positive news

[remynapoleon] 28/2/2007 01:15

Perudo

Thanks again, just the information we need. At least we now know Moss are willing to purchase/stock Ungaro. Lets hope it is a real substitute for YSL and not just a "suck it and see" move.

The buyers must have faith in MM and the company.

remynapoleon

[tuftymatt] 28/2/2007 00:16

Hi WBJ,

I posted the same sort of view on the CCT thread a couple of minutes before your reply to me.

I currently only hold this share as I closed all my FT100 / 250 positions 3 weeks ago when my daughter was born and I would not be around.

My plan is to hold onto CCT due to the fact that I have quite a strong profit there at present and feel I can risk it for a while. My concern is though that people with a smaller profit will be quick to bank it when the markets get a bit risky, as they are now, rather than see it vanish. This then knocks the share price and so draws in others to sell.

I hate to see a profit get wiped out so tend to trade more than invest but do admire people like you who try to ride out the storm even if they come out the other side with no profit left.

I am in no way de raming MPH as I do feel the worm may have turned for them in terms of market sentiment / new deals etc but do see a general market downturn knocking the price back. As I posted a few days ago I would have got back in on the Barclays news but to be honest if I had I would be selling now and looking to buy in cheaper when things calm down. That old saying "cash is king" could be making a return to the stockmarket.

Recent history have shown the traders to be the winners here in part to the Managements mistakes. Now while I feel the Management may be turning things around a general market downturn may be the cause of their profit taking.

Good luck my friend.

[lex1000] 27/2/2007 23:15

wbj,holding paper certs/fully paid shares can afford to hold.Did read something about closing of March sb's and peeps trading on borrowed money being hit on severe market sell offs.Interesting days of severe falls an mark downs on thinest of volumes.Given strong rise 3% is small amount MPH to give back today.March 7th signals valuation of 185p imho.

[wbjunior] 27/2/2007 23:06

Very profound Lex and very true, the dow or ftse rise or fall will not have any impact on my investment stategy, as Buffett states if the market closed for six months his companies would still trade as normal.................................wbj

[lex1000] 27/2/2007 23:02

wbj,I think value will recover any short time losses.Think this post on AHT sums up:

bountyhunter - 27 Feb'07 - 22:55 - 12239 of 12241


These global market sell offs are getting sharper and sharper, presumably due to an increase in electronic trading and the increasing popularity of leveraged products, I wasn't expecting this in Feb however, certainly caught me on the hop today! Fortunately however I have only a small exposure to sb's currently so I'll just be hanging on to my shares until all this carnage is over, which it will be as it always is at some point.

[wbjunior] 27/2/2007 22:57

Tufty whats your game plan then, I assume you will be taking your money out of your other holdings then, or does the pond only affect mph. General market correction and not specific to mph or cct or many others......................wbj

[lex1000] 27/2/2007 22:49

Hi Tufty,been a very interesting day FTSE and watching DOW this evening.

[tuftymatt] 27/2/2007 22:47

Hello everyone,

As I have said for a long time now, and again last week, the winners with MPH have been the traders and not the holders.

I was starting to change my view and feel that MPH could be on the turn but having seen tonights action across the pond I am not so sure.

How many with a short term profit are going to leave it on the table now??

[lex1000] 27/2/2007 20:30

DOW down by over 500 at one point.One poor guy on FTSE traders thread,hung on to longs too long totally wiped out on spreadbets.Owes on top.Markets can be very cruel & takes no prisoners.MPH usually weathers storm better than others,can afford a little slippage down to 140p and has EGM in sight on 7th March approval of acquisition.

[perudo] 27/2/2007 18:04

Moss Bros are calling off their final (ever?) deliveries of YSL and I am told are buying small amounts of Ungaro. I shouldn't think that it will be anywhere near the volume of YSL they used to purchase, as one of the reasons it sold so well was because it was discounted in their stores. YSL want to position themselves purely at the top end of the market, no doubt a factor when it came to terminating their contract with mph, as I would have thought their largest customers would have been the likes of Moss Bros and SRG.
As a premium brand Ungaro will be sold at full price, possibly in top Moss stores but more likely in Cecil Gee.
Moss Bros will be looking at other cheaper brands to try and fill the gap left by YSL.

[lex1000] 27/2/2007 16:06

Nice excuse to short the market;have read some peeps were advised to do so a few or more days ago.

[czechmate] 27/2/2007 15:58

Seems to be the 9% drop in Shanghai market which is causing all the markets to panic and so affecting most shares

[lex1000] 27/2/2007 15:44

Difficult guess outcome of Boateng on share price MPH supported by court judgements in their favour.Would go along with suggestions minor blip on the horison ?

Usual explanations on share price movements:

-150p is a psychological level therefore no surprise to see pull back

-strong rises & market spooked/selling off therefore no surprise MPH join in.

Strong points.

*MPH holding above 140p following re-rating.Good chart.

*Aquisition once formalised & confirmed, immediate initial target becomes *185p.

*Positive sentiment.

*Funds/Institutions on board.Previous Director buying lower down.

MPH trading 37p highs until loss of YSL became an issue and later O/B court case.IF aquisition of Greenmark taken together with Moda, Ungaro, Castelbajac, Homebody et seq "more than" replaces loss of YSL then it follows 185p becomes initial target price.Minds can be concentrated on present to future pricing in potential which is where suggested 200p+ comes in in respect of fairer valuation.As always let others do the number crunching here.

Based on the above thought Greenmark once agreed & is rubber stamped through on confirmatory announcement *185p becomes immediate target price back to fairer valuations and potential catalyst breakout above 150p.Simple thoughts which makes MPH a buy on weakness and or strong hold.aimvho.dyor.

btw CCT is now cheaper than MPH! lol.

[momentos] 27/2/2007 15:06

There does seem to be alot of bailing - probably 200k with plus all in.

Some rumour out there?

Can't see any Boateng stuff, usually the cause!

Probably bashed as a recent riser due to ftse fall...

[wbjunior] 27/2/2007 13:56

Two good size buys gone through should move back soon hopefully..................wbj

[momentos] 27/2/2007 11:01

Sheep of some description probably wbj, naked or similar...

[wbjunior] 27/2/2007 10:38

Good morning all, no need to worry mm closing spread that was to wide anyway imv and shaking a few holders out who need the money badly, shame but if money is short there sometimes is no alternative.....................holding and would be adding if funds permitted..............................wbj
Other stocks following down trend today.

[wbjunior] 26/2/2007 20:12

Jason made me and mrs wbj laugh, keep holding and you will be laughing louder in the months to come, good luck and thanks for the humour...................wbj

[jason8466] 26/2/2007 17:12

mnnn this share now feels quite solid. Gains are held, and more to come methinks.

o/t i looked over the parapet of the severn bridge to see if you was doing a couple of laps across the bristol channel yesterday wbj but alas like nessie yer swim so fast.

Great day out for the blue part of London.

[wbjunior] 26/2/2007 15:50

The graph is a perfect replica of a Harrier jet taking off as you mentioned...lol.........wbj

[wbjunior] 26/2/2007 15:48

Yes strange indeed Lex, nice 10k at full price just gone through can't help feeling this really is the beginning of the big push forward. I have been off line most of the day looking after my grandson and what a pleasure it is, makes you realise whats important. What a difference a day makes, 3.5p up and everyone on this thread are layed back and holding firm in the knowledge its at last begun to happen. Good luck my friend in all you undertake...................wbj

[lex1000] 26/2/2007 14:02

wbj,funny this investment lark.Can be holding 0% rise for a few years and the next minute sat on 50% profits which average out at 25% per annum + divi.All goes to prove tortoise can catch and pass the hare.More to come here methinks.

[wbjunior] 26/2/2007 09:19

Hi all looking good for further gains today , come on £2+.....................wbj