Mereo Biopharma Share Discussion Threads

[noiseboy] 18/7/2006 10:54

good post momentos... Maybe I'll stick around a bit longer!

[momentos] 18/7/2006 10:45

Meanwhile, over on Plus the buying continues...

18/07/2006 10:14:27 19.25 42,579 O 8,196.45

(A buy, bid has been max 19 all day)

The Plus spread is 18.75 - 19.50

Very cute, some large buys on Plus while the little sells carry on here!

18/07/2006 10:14:27 19.25 42579 O 819645.75
17/07/2006 15:36:05 19.00 57224 O 1087256.00
17/07/2006 14:21:41 19.25 40000 O 770000.00
17/07/2006 12:02:55 19.25 10820 O 208285.00
17/07/2006 10:58:10 19.25 50000 O 962500.00
17/07/2006 10:15:52 19.25 30000 O 577500.00

(OK so the 57224 is a sell)

[momentos] 18/7/2006 10:37

Patience..... Mr Market is just a little depressed.

An old wb philosophy (ok actually his teacher Benjamin Grahams)

The concept of Mr. Market goes something like this: imagine you are partners in a private business with a man named Mr. Market. Each day, he comes to your office or home and offers to buy your interest in the company or sell you his [the choice is yours]. The catch is, Mr. Market is an emotional wreck. At times, he suffers from excessive highs and at others, suicidal lows. When he is on one of his manic highs, his offering price for the business is high as well, because everything in his world at the time is cheery. His outlook for the company is wonderful, so he is only willing to sell you his stake in the company at a premium. At other times, his mood goes south and all he sees is a dismal future for the company. In fact, he is so concerned, he is willing to sell you his part of the company for far less than it is worth. All the while, the underlying value of the company may not have changed - just Mr. Market's mood.

The best part of this entire arrangement: you are free to ignore him if you don't like his price. The next day, he'll show up at your door with a new one. For your interest, the more manic-depressive he is, the more opportunity you will have to take advantage of him [don't worry, he doesn't have feelings or mind being taken advantage of.] As long as you have a strong conviction of what the company is really worth, you will be able to look at Mr. Market's offers and reject or accept them... the choice is yours.

[wbjunior] 18/7/2006 10:36

Barclays will only allow me to buy 250,000.........................lol, just popped back for 5 mins................wbj. Brindy your fired!!!!!!!!

[noiseboy] 18/7/2006 10:33

mmm maybe!

[momentos] 18/7/2006 10:32

Sounds like they are trying to do you a favour!

[noiseboy] 18/7/2006 10:22

halifax wont let me sell any more than 2500

[momentos] 18/7/2006 10:10

Wrong way Brindy....

[wbjunior] 18/7/2006 08:45

Dog, if your in need of the cash for some urgent reason I can understand you selling , but otherwise hold firm news is on its way. The company is progressing rapidly and this will be reflected in eps and increased dividends imho. The market will have to recognise earning potential soon,, try and focus on the company and not external economic factors, although they may affect the price shorterm they will have little significance longterm. Good luck which ever way you decide to go....................wbj

Ps Off to repair lawnmower if I can Flymowey thingy, back at aroung 2pm , Brindy get this moving...........................lol

[dogdogman] 18/7/2006 08:13

Well I bought in at 22p and with hindsight would have loved to have exited my position when the price was roughly 24.5p! I'm a bit concerned by present market conditions - the war in The Middle East makes the market even more uncertain. It does seem a silly time to sell (at the bottom perhaps?) but this could fall a fair way lower if things kick off in The Middle East. Tough decisions to be made!!! I don't know which way it's gonna go!

[wbjunior] 18/7/2006 07:52

Morning all. lovely day, awaiting news like everyone else, keep cool in this heatwave with a chilled larger.............................wbj

[lex1000] 17/7/2006 22:50

Here on advfn mostly sell trades`shown and know buys went throught PLUS @ 19.25p.The tick up late afternoon yet to be explained.Possibly all revealed tomorrow.Expect 19p to be heavily bought.



Trade Date Trade Time Price Volume Type Consideration Conditions
17/07/2006 15:36:05 19.00 57224 O 1087256.00
17/07/2006 14:21:41 19.25 40000 O 770000.00
17/07/2006 12:02:55 19.25 10820 O 208285.00
17/07/2006 10:58:10 19.25 50000 O 962500.00
17/07/2006 10:15:52 19.25 30000 O 577500.00
17/07/2006 09:59:22 19.50 21483 O 418918.50
17/07/2006 08:32:59 20.00 26937 O 538740.00

[momentos] 17/7/2006 21:19

Well the late tick up is down to something not yet visible... No trade to explain it, the selling continued...

[wbjunior] 17/7/2006 19:47

Remy, credibility once lost is never recoverable and I believe the above mentioned as lost his forever, enough said I think. On a brighter topic when will news break here, I feel we need some positive statements to get the wind into our sails once again. Must admit to finding it hard to believe that mph has dipped below 20 once again, top up time if anyone has any money left..............lol...............................wbj

[wbjunior] 17/7/2006 16:14

lol well done!!!!!!!!wbj
Matt get in touch pls

[momentos] 17/7/2006 16:13

Fund / Insider holdings. This excludes sub 3% holdings which I know take it (well) over 70%:

MAJOR SHAREHOLDERS (ests)

19.1% Michael Morris

8.2% The Bank of New York Nominees Limited (2005 Annual Report p10)

7.5% Michael Morris 1997 Trust

6.4% Man Group

5.19 Rathbones Group (p8 of Rept)

5.1% J C De Castelbajac

4.8% HSBC Global Custody Nominee UK Limited (2005 Annual Report p10)

4.6% Barclayshare Nominees Limited (2005 Annual Report p10)

3.7% Santa Lina (Pernod Ricard)

3.23% Goldman Sachs

Others: 32.18%

[momentos] 17/7/2006 15:51

1. 12p is not single digit.

2. 40m forward orders for H1. vs 15m previous year. vs 38m turnover last year. So no chance of reaching forecasts. Rubbish.

3. The fact you use Shore figures to show two year EPS of 6.6p and then say it should be trading in single figures is laughable. What PER DO you find attractive? 1.5?

4. It is not trading on its average P/E for the last few years, it is trading well BELOW.

5. Who said earnings were going to fall? Ungaro replaces YSL in dept stores etc, Okaidi is a BIG deal, 3Suisses is off and running, Moda is doing well.

6. Director buying does not happen every week, you are really being a bit pathetic obn that one. Last director buying was 30/3, that recent enough for you?

Christopher Phillips, Non-
Executive Chairman 75,000 575,000 0.42%


Michael Morris, Executive Deputy
Chairman 100,000 26,721,715 19.64%


John Harrison, Group Finance
Director 100,000 300,000 0.22%


Raymond Harris, Non-Executive
Director 50,000 100,000 0.07%


Harvey Shulman, Non-Executive
Director 50,000 50,000 0.04%


Ronnie Stirling, Non-Executive
Director 50,000 50,000 0.04%


The company is also AT LEAST 68% Insider / Investment Fund held - a pretty damn healthy ratio in my book.

There is a part of the valuation that is future potential but it is not a hughe amount. Not, anyway, any where near the speculative premium on some of the shares I have seen you "supporting".

[wbjunior] 17/7/2006 15:46

Just clic on EPIC WOC I think that says all you need to know...............wbj

[cockneyrebel] 17/7/2006 15:39

momentos - these were nearly single digit a few months ago, nothing has changed except forecasts have been lowered.

They won't do the 3.4p eps forecast imo. And Shore are forecasting a fall in eps in 2008 to 3.2p.

So why would anyone want to hold a stock that is trading on it average PE of the past few years when it was growing earnings briskly, when earnings are going to fall and they don't pay a divi?

You're going to hold these for 2 years and see eps fall, why would anyone hold that?


They will also miss and forecasts will be reduced imo - as YSL goes.

Can't see the attraction myself. I'll wait for them to miss. Where's the director buying?

CR

[lex1000] 17/7/2006 15:39

No time to be selling.Excellent buying opportunity.Well done those who bought @ 19.25p today.Holding tight.

[wbjunior] 17/7/2006 15:32

Hey , what's up guys, some investors being mugged today................holding firm.............wbj

[momentos] 17/7/2006 15:27

Good god, a tick up!

[chap1889] 17/7/2006 15:08

momentos - with MPH and many others, the better prices are typically offered from MMs trading through plus. If a buy shows up on here, chances are the punter has been mugged / has a poor broker. Good thread BTW, keep up the good work ;-)

Ref the H&S suggestions - thanks for the laugh TM! The starting point for a H&S reversal is that it needs to reverse an uptrend. One re-rating four months ago to the 20p area does not constitute an uptrend. Think one of BBs chartists is missing!

[momentos] 17/7/2006 14:45

Indeed. Another 40k through on Plus. Cheeky sods clock the sells here the buys there.