Mereo Biopharma Share Discussion Threads

[marben100] 08/3/2007 11:10

I now have an electronic copy of the shareholder circular from MPH. I'd gladly post it here, if someone can tell me how - alternatively e-mail me via TMF and I can reply with a copy to anyone interested.

[lex1000] 08/3/2007 10:59

wbj,get a move on.Slowly catching you up!LOL.

[dan de lion] 08/3/2007 08:36

"We signed a deal for Russia and also a deal for the Middle East," Harrison said, adding that the deal in Russia would be announced in two weeks time.


Is that two months in Marchpole speak.

[wbjunior] 07/3/2007 22:40

Very exciting times ahead Lex and as you say I can't understand where all the enthusiasm from holders has gone too, perhaps they are worn down with the passing of time and so many false dawns, we need you on board. I will be out all day tomorrow as its Mrs wbj's birthday so please post here in my absence.................Regards............................wbj
PS I see you had a great day today on o/t well done, may beat me yet to £2 ...lol

[lex1000] 07/3/2007 21:58

dan de lion,well posted and surprised no posts from holders.This is terrific news.Note two buyers of 10k got in after news release. For a non current / ex-holder bullish on Marchpole.LOL.

wbj,IF completion of the acquisition is confirmed as expected tomorrow then perfect catalyst for breakout above 150p.Next leg to trade 150p-175p.Of course historical chart points 180p-185p upwards.To me spells Buuuuuuuuuuuuy.Though I could be wrong! Harrier pilot on standby & sends regards.aimvho.dyor.lex ;o)

[dan de lion] 07/3/2007 17:38

Well done Marben, good intelligent question`s, replies were at least positive, could be as you say considerable scope to grow the Greenmark business thro` MPH.

Wow, thats quick, from the RNS:-

"Completion of the acquisition is expected to take place tomorrow."

[daverw] 07/3/2007 17:06

Many thanks Marben, very kind.
Regards

[loglorry] 07/3/2007 16:47

Thanks Marben,

One thing that didn't look so great was the "so does greenmark have its customers locked in with contracts? Nope nor does Marchpole!" Oh well l - that is the value of "goodwill" I suppose e.g. not worth much!

I guess it was too much to ask for their customers to be contractually obliged to repeat orders anyway.

[wbjunior] 07/3/2007 16:38

Thanks to Marben..................wbj

[cosnova] 07/3/2007 16:06

Marben

thanks for your input

[lex1000] 07/3/2007 16:03

wbj, Agree with Mark all looking good here.Is it possible for you to fit in marathon run to gym & back? If you can likelihood is you won't know how you're feeling! Are you ready for 150p+ minus spanners? regards lex ;o)

[marben100] 07/3/2007 14:52

The Marchpole EGM was a short and sweet affair. There appeared to be just one other shareholder present, who had held the shares for several years and was hoping to at least recoup some of his losses to date (not a poster here).

Unfortunately Michael Morris did not attend. Speaking to the legal team from Taylor Wessing, they stated that most of the work concerning this acquisition had been done by John Harrison. We had Christopher Phillips, John Harrison, Harvey Shulman and Raymond Harris in attendance.

The meeting itself took just 8 minutes. The only questions were from me:

Q1. Do you envisage selling Greenmark products outside the UK?

The response from CP was encouraging. He described the acquisition as an extension of MPH's footwear range and that MPH's current distribution channels could be used to market Greenmark footwear. It seems to me that there is considerable scope to grow the Greenmark business through this synergy.


Q2. Risks mention long lead times for items purchased from Brazil. Is this much different to lead times from Marchpole's other suppliers?

CP stated that the lead time for sourcing products from Brazil was similar to that for other products in Marchpole's range.


Q3. Risks also mention absence of written contracts with suppliers and customers. Does this situation differ significantly from the way MPH does business? If so, do you intend to change it and are key Greenmark personnel in agreement?

Again this situation is not significantly different from Marchpole's own supplier and customer relationships. In essence MPH receives and places orders twice yearly for the following spring/summer and autumn/winter ranges. Customer contracts simply take the form of purchase orders.

I was not previously fully aware of this and it means that once each of these cycles is complete, MPH should have excellent visibility of the next 6 month's earnings.

CP stressed the importance of the good relationship between key Greenmark personnel and the MPH team. No surprise there!


4. Was there was any reason why the shareholder circular could not be placed on the MPH website?

JH said that he thought it had been. I have now checked and can only find the notice of the circular, not the circular itself. I am following this up with Marchpole.


Needless to say, the resolutions were carried unanimously on a show of hands.

After the meeting proper, I asked JH how the acquisition had come about. He was able to advise that it was the result of a personal contact and introduction from one of the non-execs.

All looks good to me – looking forward to the finals in June & hope we get a positive trading update on the autumn/winter 07/08 orders.

Regards,

Mark

[wbjunior] 07/3/2007 13:05

80 lengths and gym workout, feeling like death warmed up and going for a lie down. I would appreciate any feedback from the EGM if anyone attended today and would be kind enough to report back their findings...........................wbj

[dan de lion] 07/3/2007 10:21

Thanks tufty.

[wbjunior] 07/3/2007 08:59

Morning holders, nice 10 k at almost 1.50 gone through and good start. Nice blue sky here and more blue to come from mph. Off swimming back at 1, keep the board full of enthusiastic comments please........................wbj

[wbjunior] 06/3/2007 18:13

Thanks Tufty, can't see alot happening tomorrow as they are just rubber stamping the acquisition paperwork, the completion date is the 31st March as long as all contractual arrangements are met by both parties. Its the trading detail imo that will move these higher and year end results..........................wbj
Good luck with cct , will beat you and Lex to £2.00

[tuftymatt] 06/3/2007 16:41

Hi WBJ,

The tick up should be seen as a good sign for tomorrow.

Figers crossed for you and other long termers such as DDL.

[wbjunior] 06/3/2007 15:10

tick up lovely...............wbj

[wbjunior] 06/3/2007 13:10

afternoon, spent all morning making onion bahjas, certainly makes your eyes run, almost as bad as holding mph. I hope the silence is not due to most small investors bailing out to early, looking forward to tomorrow and the Greenmark deal being accepted.............wbj

[wbjunior] 05/3/2007 21:19

Probably back to Palma Nove with son and kids too, but only for a week, two weeks would be to much, then a week in Cyprus with friends hopefully. Everything is looking good with mph as long as there are no spanners thrown in the works.....................lol................wbj

[wbjunior] 05/3/2007 15:29

hi dan hope u enjoyed the break, mrs wbj and i are going soon too, Dow in positive territory so that will help. Solid start to week.............wbj

[cosnova] 05/3/2007 11:57

dan de lion

is the 2.8 mil in £ or $

[meadow50] 05/3/2007 11:22

anyone care to estimate what the total divi will be?