Mereo Biopharma Share Discussion Threads

[lex1000] 22/6/2007 15:50

Slong,MPH are traded on PLUS Market.Click on "Plus Mkt" in header.Trades are delayed anything 15-60 minutes late.

[slong] 22/6/2007 15:38

I purchased some of these earlier today, but the trade does not show up, why could that be ?

[lex1000] 22/6/2007 14:59

.........in other words MPH are cheap.Too cheap.More than happy with fact that MPH has been consolidating and no hike in share price pre results.Preferred choice of trading up to 28 June 2007.aimvho.

[lex1000] 22/6/2007 14:49

Good afternoon everyone.Hardman June Newsletter confirms what is in the public domain.

Makes good reading,Hardman empathising MPH made 5 "signifacant" deals so far this year...........makes Marchpole a far better diversified-both geographically and productwise....

Quite rightly Hardman highlights Marchpole undervalued in relation to its peers.MPH trades @ 50% discount,trading on forward price to earnings ratio multiple of 8.6x 2008 estimated earnings despite a booming luxury goods sector where the average 2008 price to multiple earnings is 19.6x.

This supports the view that MPH offers excellent value at current levels.Roll on results and re-ratings.aimvho.dyor.

[wbjunior] 22/6/2007 13:49

Your a star thanks welly appreciated....................wbj

[wellyboot] 22/6/2007 13:32

it's at the bottom of the page, or alternatively, try this full link:



pleasant reading!

[wbjunior] 22/6/2007 13:28

wellyboot can't seem to find the june update on the link only may?
cheers..........wbj

[dan de lion] 22/6/2007 12:25

Very unlikely to upgrade earnings this close to results, we should see a new research note after the results which will contain the benefit of the meeting with management mentioned last month, I assume that they will have been given sensitive information which makes it difficult to publish anything beforehand, but, there is a clue, they are very specific about MPH needing an "upgrade" to bring them inline with their peers.

[wellyboot] 22/6/2007 11:53

Hi,
See that Hardman's June Newsletter is now out - fairly bullish write up on MPH, but I couldn't see any Earnings upgrades as they mentioned previously.

See here...

[daverw] 21/6/2007 15:29

Hi wbj,
A little apathy I think, some perhaps see greener pastures elsewhere.
Anyway, they are not having any of mine, patience is the key here
I fancy.
Regards

[wbjunior] 21/6/2007 15:16

Roll on next Thursday morning at 7am to get a feel for what has been happening, looks like mm picking up a few for £1.85...........................of for snooker soon, have a good evening all..............wbj

[marben100] 21/6/2007 14:58

eagle eye3,

Worth being aware that MPH are generally reluctant to give out any more than the bare minimum on forward projections, after bad experiences with the City in the past.

Cheers,

Mark

[wbjunior] 20/6/2007 20:52

Marben100
Mark agree with the difficulty of projecting revenues or profit before the results and breakdown are known. Your 20% MPH input on TMF was very informative and it helped in trying to project revenues going forward. My estimate for the 28th of June is post tax profit of 6.35 million and that values the share at £3.20 using my discounted cashflow method. When results are known I will f/cast for mar 2008 and adjust my share valuation accordingly.
Regards
wbj

[dan de lion] 20/6/2007 17:22

They used to be very good a giving out forward orders, once every three months for a time, but, they have recently become very reluctant to do so, "order book building in line with expectations" has been the recent response!, although last year they did say that the forward orders exceeded £40 million at the time of the results.

[eagle eye3] 20/6/2007 17:10

hi all,
been here a few months now, dose anyone know if company gives any idea of forward orders at result time or do they wait for agm... I did read MM claim profits to match market expectations some while ago.

good luck all

[marben100] 20/6/2007 16:40

Hi wbj,

Too difficult for me to make a projection before the finals are out. From the results, though, we should see a breakdown between continuing operations and acquisitions. If not stated explicitly, I'd assume 50% of 06/07 sales are from YSL (if not stated explicitly I'll try to winkle out a figure at the AGM). So then it's a matter of projecting forward old non-YSL operations (assuming some substitution of Ungaro for YSL) and adding in an estimate for Greenmark (based on acquisitions contribution + figures released in the EGM document).

Overall, though, I think MM has done very well building a good stable of brands and a major distribution network, in a growing market for luxury goods. I'm expecting good progress from here, even if 07/08 doesn't look too exciting with YSL revenues dropping out.

Cheers,

Mark

[wbjunior] 20/6/2007 12:07

Morning all, very difficult to get to grips with revenue projections with no breakdown between licences and acquisitions made so far. Digital forecast revenue of 73 million to Mar07, 66 million to Mar08 and then 82 million to Mar09.

I agree with 73 million to Mar07 but then recon 85 million to Mar08 and 97 million to Mar09 based on rudimentary analysis and finger in the air to a large extent. A 9% margin would translate into EPS of 24p, 28p and 32p

We have to see but the first figure will be known for sure on the 28th of June, holding firm and good luck everyone...................wbj

[corrientes] 19/6/2007 23:39

Are we going to get the same spike that took place in early 2006 when the market was totally taken aback by the results ? Fingers crossed.

[dan de lion] 19/6/2007 17:47

Market Makers love people who gamble on "T" trades.

[wbjunior] 19/6/2007 08:18

Morning all, completely agree remy and after holding and adding from 65p my investment strategy is hold and add until company is overvalued, long way to go before that happens here, regards...........wbj

[remynapoleon] 18/6/2007 20:27

Why on earth should anyone be interested in T10, T20 or any other trader?

By definition they are only interested in short term gambling and have no use to any investor, unless that is, the investor is thinking of unloading.

The same may be said of dividend poachers, in the long term they have no use to anyone.

What we need and will always need is INVESTORS who see the big picture and are willing to wait for the big returns.

remynapoleon

I can't wait to read the vitriol from those of a different opinion.

[wbjunior] 18/6/2007 14:04

couple of large sells gone through must be buyers to accommodate as price holding up well..........wbj

[wbjunior] 18/6/2007 07:43

Morning all, in T10 territory now so I am expecting a move up over the next few days leading up to the 28th. Grandson arriving at 9 this morning so busy until 2 this afternoon, happy days................wbj

[argy2] 17/6/2007 06:40

dan de lion

Maybe he had MPH when they first came to the market!