Mereo Biopharma Share Discussion Threads

[verulamium] 27/6/2007 07:38

Didn't FDP fall back as it's a growth stock that's run out of steam, but was still on a PE of 20?

[polzeath] 27/6/2007 07:08

Mark - that will do it :-). A wee caution, I am not a holder but a salutary tale. We FDP holders got very excited coming up to the finals 10 May, we knew the news was going to be pretty good and sure enough FDP beat all expectations. MMs marked up the price on the open and a couple of enthusiastic buyers pushed the price up by 10% in minutes (we hit 355p). Then the canny operators sold (a very few shares!) and within a few more minutes...look at the chart, we ended the day nearly 15% down vs that brief intraday high and decline set in for a few weeks. Buy on the rumour, sell on the fact applied here and knowing MPH can be bit illiquid I wonder if you could learn from the FDP experience? Only trying to help, good luck with your holding as the bishop said to the actress and I'm sure it'll be fine ;-)

[mikepompeyfan] 27/6/2007 05:56

Remember how you used to wake up early on Christmas day, unable to sleep, to see what exciting presents you'd been brought ? I think there's more than a few of us hoping to re-capture that feeling at 7am tomorrow ;-)
Luckily l wake early anyway, as you can see.

[marben100] 26/6/2007 23:05

Errr polzeath, how about final results day after tomorrow?

[polzeath] 26/6/2007 22:09

Looks to have run out of steam to me. Needs some more engine coal, any news likely to act as fuel? Otherwise share price doldrums and gentle decline for a few months. Good luck, holders.

[superpete] 26/6/2007 21:05

X trades saw 185p and 185.5p a few days ago.Old YSL license was for UK only;
accounting for 75% of Marchpole business.Could say Marchpole 'used to be' almost a 'one product/brand' pure licensee company.Company have since been on acquisition trail and continue building truly diversified global business.Luxury brands and lucrative selling goods.Booming sector worldwide.MPH transformed; 'Both' licensed and wholly owned luxury brands internationally/globally.

-March 2006 MPH acquired Moda America
-May 2006 Major new licence agreement with the global childrenswear retailer
OKAIDI Group
-June 2006 Subsidiary Jean Charles de Castelbajac Shop in shop agreement
with Galleries Lafayette
-August 2006 Acquisition of unique lifestyle brand Homebody
-February 2007 Marchpole buys Greenmark for 3 mln stg
-March 2007 Marchpole wins distribution contract in Dubai, Russia; opens store
in France
-April 2007 Marchpole unit signs licence deal with US-based New Era to make
headwear
-June 2007 Marchpole unit in deal with Lee Cooper for premium, mainline denim
collections

dan de lion - 24 Jun'07 - 17:30 - 1380 of 1397
Well, with an industry average p/e ratio of 19.5, MPH would be on a share price of £4.20, all things being equall.

Support argument that MPH should not be trading at 50% discount to peers.Discount higher than is warranted. I am hoping full year results on Thursday 28 June 2007 will provide clear idea of forecasts-H1 results in November 2007 onwards ex YSL. imo.

[eagle eye3] 26/6/2007 17:51

agree with dan, also possible that the mm have large trade orders to fill at 1.85ish, which is holding the market back, time will tell, good luck all

[dan de lion] 26/6/2007 17:27

APPPP:-

In a nutshell - End of the YSL franchise and has MPH done enough to fill the gap, we will hopefully find out on thursday, if they have, then we will get our re-rating, if they haven`t, then we don`t, that basically is what is holding back the share price.

[wbjunior] 26/6/2007 17:22

Apppp the market works in mysterious ways, some investors will wait until firm numbers are known before investing and are happy to pay a little more, others will sell before results to hedge their bets and buy back in after, again happy to play safe and pay for the privilege. Some investors will not buy in this side of £2.00, if it was that easy everyone would be making a mint. From my view point you ignore the market swings and hold on to a company that is undervalued with great margins and growth prospects very tightly they are hard to find. No worries here imho roll on Thursday and a very pleasant surprise in the numbers........................enjoy..................wbj

[apppp] 26/6/2007 17:04

Can anyone explain why more people are not buying this before results. Infact some people are selling? Given the many positive comments above and good chance of a boost in the share price or is it not that cut and dried?

[lex1000] 26/6/2007 11:21

Slong,

If you look at charts CCT was well overbought after very strong rises.MPH on the other hand with consolidations both @ 163p and 185p is not.MPH is in my view undervalued and more so when compared to peers.Indicative price targets are 300p-400p.If MPH returns eps of 20p has fewer shares in issue compared to CCT easy to work out that MPH worth more? I'll settle on 250p short term.aimvh.dyor.

[slong] 26/6/2007 11:10

Any ideas on when a re rating will happen ? are we looking at results day, or is this going to drift back down as CCT has after results, even though they matched expectation.

[lex1000] 26/6/2007 10:58

On line quotes Bid 184.05p v Offer 186.25p (186.5p for 5k or more)

Chart shows long period of consolidation leading up to results.

[lex1000] 26/6/2007 10:10

Good morning.Marchpole undervalued.Market will decide by how much!

Hardman in latest June newsletter hints at potential without giving away price sensitive information.Suggestion I thought of more deals in the pipeline.This year.Obvious fact MPH trading at too large a discount to peers. Plenty upside methinks.Waiting results..upgrades..re-ratings.aimvho.dyor.


free stock charts from www.advfn.com

[dan de lion] 26/6/2007 09:34

"In line with market expectations" would be good!

[wbjunior] 26/6/2007 07:57

Morning all, not long now, been a long wait but should be rewarding, holding firm................wbj
Forecast 23p eps , any other forecasts? closest get a crate of ale from Tufty.

[superpete] 25/6/2007 16:42

Large X trades gone through this afternoon.....

[wbjunior] 25/6/2007 13:56

55k 1.85 nice pick up, well done dan good luck everyone............wbj

[dan de lion] 25/6/2007 10:37

Have purchased 5,000 @ £1.8545 on a T20.

[superpete] 25/6/2007 07:43

Post 1380 gives an idea of what MPH should be worth.Company has made giant steps,transformation continues with more earnings enhancing deals to look forward to.Without any shadow of doubt MPH due significant re-rating.imo

[corrientes] 24/6/2007 17:40

Need to see very clear distinction between continuing and YSL sales forecast in terms of sales and profits before a true rerating can occur.Hopefully the more knowledgable posters can make a good stab at this if company obfuscates.

[dan de lion] 24/6/2007 17:30

Well, with an industry average p/e ratio of 19.5, MPH would be on a share price of £4.20, all things being equall.

[nardelli] 24/6/2007 16:32

good luck all should be a good week.

[slong] 22/6/2007 16:00

Thanks lex, I seem to learn something new everyday, and its usually from you
;-)