Mereo Biopharma Share Discussion Threads

[nardelli] 08/7/2007 10:58

summer sale's, nothing wrong with that, but what are the royalties due from asia, any idea's anyone? thanks dan, YSL is now behind us and we have a good idea of what is coming, happy day's for long term holders, and day trader's can argue amongst themselves.

[verulamium] 07/7/2007 18:59

Hmmm...Ungaro's not looking too "luxury" at Debenhams at the moment - vast amounts of it sitting there with 70% knocked off. OK, it's Debenhams taking the hit, but presumably it'll have an impact on reorders...

[dan de lion] 07/7/2007 18:47

Shore Capital new forecast:-

................2008 ....................2009
Broker Date Rec .......Pre-tax (£) EPS(p) DPS(p) Pre-tax(£) EPS(p) DPS(p)
Shore Capital 02-07-07 CORP 8.00 19.60 4.30 ....10.60 26.10 5.00

[retiringtype] 06/7/2007 12:19

Motley Fool has this article today:

Profiting From The Rich

By Kevin Godbold | 6 July 2007
|
With interest rates on the rise again, many companies are finding it to be a tough trading environment as the average consumer, short on disposable income, mothballs spending plans until better times in the future. Margins and turnover are being squeezed until the pips squeak in some cases, particularly amongst small cap providers of non-essential goods and services.

However, some companies are getting along by selling upmarket to less financially strapped individuals, who are not so sensitive to interest rate rises. In fact, with all their bankable wonga they probably cheer rising interest rates, which are a good thing if you are on the receiving end and not on the paying end!

Let's look at two interesting plays on this theme:

Putting on the style
Some people with a few quid just love to make a statement with their designer clothing and Marchpole (LSE: MPH) is only too pleased to give them what they want as you can see on the company's website. It describes itself as 'an international brand management group that designs, produces and sells clothing and accessories for ten globally recognised fashion labels'.

With its stable of designers, the company has been in vogue lately, which has seen the company recover from recent troubles to post a 135% increase in turnover and a 109% increase in earnings per share. Yet despite this sterling performance, the shares trade on a modest price to earnings ratio of around 7.2 today. Fools have been interested in the company for a while, ever since the shares got into value territory. There are some good threads on the Fool discussion boards here and here.

I think there may well continue to be plenty of demand for fancy clothes with labels on the outside, which is why I own the shares.

[apppp] 06/7/2007 11:09

marben - interesting - thanks

[marben100] 06/7/2007 10:50

APPPP,

I can think of a couple of reasons why you sometimes see "stupidly" small volumes of shares traded:

1. I believe "Halifax Sharebuilder" lets people buy very small amounts at very low commisions (£1.50/trade IIRC).

2. Many of my holdings (including MPH) are primarily in nominee accounts, for a variety of reasons. Because my nominee holding is significant (at least to me :0)), I also have a very small holding (200 shares) in a CREST account registered in my name, to ensure I get all shareholder communications and hassle free admission to company meetings. This proved very valuable at the time of the Greenmark acquisition when, as a registered shareholder, I was automatically sent the rather important placing document which was otherwise hard to obtain.

I often buy small "monitoring stakes" like this in companies that I'm interested in and in which I may or may not have a larger nominee holding.

I have recently had quite a lot of hassle with another of my holdings, Aminex, getting hold of the recent rights issue prospectus because I did NOT have such a monitoring stake.

If anyone is interested, the CREST account service I use is through Charles Stanley/Fasttrade, who offer it and associated online dealing, at a very reasonable price.

Cheers,

Mark

[lex1000] 06/7/2007 08:53

Market dropped bid 164p-168p.Good news is that Funds have been adding.o/t PET looks like overhang left from Gartmore sell finally cleared.Stock bouncing back.

[apppp] 05/7/2007 17:21

Kneath - I know you were joking but please explain why people do buy so few shares. Are they getting them commission free or are they part of some spread buyng or something. I'm intrigued. I envy these people actually as they must not have to worry as much as me about shares like this one when it drops for no reason.

[eagle eye3] 05/7/2007 17:04

I see everyone is exited by Paris fashon week, but look on the good side the mm's will hold the price up when the fund's want to sell

[kneath] 05/7/2007 13:14

Oi! I'm offended by this talk! My 'share' is prospering nicely due to my parental nurturing and protection from such offensive garb! On day i will buy another, and who knows where from there? From little acorns ...as they say!

[argy2] 05/7/2007 10:54

lol...must be all those institutions topping up again!

[lex1000] 05/7/2007 10:49

High volumes and not even mid-day. 403 shares traded on PLUS.


05/07/2007 08:22:14 165.00 163 O 268.95
05/07/2007 08:21:44 167.23 240 O 401.35

[lex1000] 05/7/2007 10:27

Bid moved up 1p on news.It's a start ;o)

[dan de lion] 05/7/2007 09:15

Anything in the IC.?

[jason8466] 05/7/2007 08:54

Put it this way, Itochu must be selling shed loads of Jcc otherwise why would another of the groups companies,in this case 'CORONET'want to get in. It all looks very rosy to me.

I am still a long term holder.

[marben100] 05/7/2007 08:50

this have to wait until they are published?

Yes. Nothing so far.

Could we anticiapte next year's breakdown or is there insufficient information to even make a stab at it ?

Personally, I cannot even make a stab at it. I hope there will be more in the AR, when it comes out. Bear in mind that, from the EGM circular, Greenmark alone turned over £24m in 2005 and generated £3.6m of gross profit (but a 4% reduction in gross profit was expected in '06, pre MPH acquisition, stated to be due to adverse currency movement). There would have been very little Greenmark contribution in the 06/07 figures.

The best we have to go on is the Shore forecast, mentioned recently in this thread.

[corrientes] 05/7/2007 08:23

Do the accounts provide for a breakdown of turnover by geographical area, or does this have to wait until they are published ? I suppose its no use comparing it with last year's figures because of the YSL factor. Could we anticiapte next year's breakdown or is there insufficient information to even make a stab at it ?

[dan de lion] 05/7/2007 08:20

If Itochu can make sales of $75 million in Japan for the JCC brand, what can MPH achieve in the USA with both Ungaro and JCC?

[kneath] 05/7/2007 07:57

Nice bit of news this morning guys! Check the RNS. Two year contract, poss 5 yr extension to a contract that generates significant business in Japan. Given the uplift this morning I would sign off in Japanese, but it's been a long time since I've used it and its makes the Mrs hot!

Edit: Dan de lion beat me to it!

[dan de lion] 05/7/2007 07:55

RNS Number:7066Z
Marchpole Holdings PLC
05 July 2007




MARCHPOLE HOLDINGS PLC
("Marchpole", "the Company" or "the Group")

New Distribution Contract For Subsidiary Jean Charles de Castelbajac

Marchpole Holdings plc, (LSE: MPH), the fast growing fashion brand management
group, is pleased to announce that its wholly-owned subsidiary Jean Charles de
Castelbajac ("JCC") has signed a new distribution agreement with Coronet, a
member of the Itochu Group. The Itochu Group is one of Japan's largest trading
corporations, with Coronet distributing over 12 clothing brands including luxury
label, Roberto Cavalli.

The contract is intially for two seasons, beginning with the 2008 Spring/Summer
collection, with a view to extending the relationship for a further five years.
Marchpole is entering into its second agreement with the Itochu Group.

In 1997 JCC received recognition as a high profile and worldwide designer
through his design and distribution partnership with Itochu in Japan and South
Korea. The Castelbajac brands for menswear and womenswear have since developed a
loyal following in these markets.

Marchpole Holdings Executive Deputy Chairman, Michael Morris said, "This
agreement represents a further stage in the development of the Castelbajac brand
in Japan, where its popularity is already well established. Existing licensing
agreements with Itochu generate retail sales for Castelbajac in excess of USD 75
million a year and are continuing to increase. Since the acquisition of the
Castelbajac brand by Marchpole in 2004, both sales and licensing income have
shown extremely encouraging growth and we confidently expect this to continue".

The Itochu Group President and Chief Executive Officer, Eizo Kobayashi said, "We
are delighted to be entering into another agreement with Jean Charles de
Castelbajac to continue with the success of the Castelbajac collection in Japan
and South Korea. The JCC range is already a highly sought after brand and we
look forward to another long and successful relationship with Jean Charles."


- ends -

For further information, please contact:

Bell Pottinger Corporate & Financial 020 7861 3232
David Rydell/Emma Kent/Amy Rajendran

Marchpole Holdings plc 020 7908 7700
Michael Morris, Executive Deputy Chairman
John Harrison, Finance Director


Note to Editors:

- Marchpole Holdings plc ("Marchpole") is an international brand
management group that designs, produces and sells clothing and accessories for
ten globally recognised fashion labels. It operates in all of the world's main
markets - UK, mainland Europe, Middle East, Asia and the USA

- Its respected brands include Boateng, Emmanuel Ungaro, Ungaro Homme,
Jean Charles de Castelbajac ("JCC"), Jean Charles de Castelbajac / Rossignol,
Jean Charles de Castelbajac/Okaidi, Jean Charles de Castelbajac / New Era,
Jean Charles de Castelbajac/Lee Cooper and Homebody and Homemummy

- Marchpole is renowned for its integrated approach to brand
management, taking a brand from concept to design studio to the customer
interface. It is not a clothing manufacturer

- The Group has grown considerably in the past four years, from a
licensee with one core license (YSL menswear) - to today's international
business that manages its brands across a multitude of clothing lines and
accessories

- Marchpole's acquisition (March 2006) of Moda America - the US
licensee for leading designer Emanuel Ungaro - provided further growth
opportunities in the UK and America and strengthened the Company's relationship
with Ungaro

- The acquisition also enabled the Company to launch the Ungaro brand,
already established by Marchpole in Europe and Asia, into the US, Canada and
South America. The acquisition has also enabled the Company to re-launch JCC
into America.

- In March 2007 Marchpole acquired 100% of Greenmark Limited, an
importer and wholesaler of ladies shoes who currently supply in excess of 2.5
million pairs of shoes per annum.

[marben100] 04/7/2007 21:47

are they allowed to delay a holding statement for five day's

I've seen some a lot later than that. Dunno what the precise rules are.

But people, if you're holding and like the company... just chill. As long as we're right, the value will out once the numbers prove it. Don't worry about the share price in the meantime.

[cosnova] 04/7/2007 19:33

It's stinks when the mm pushes the market down and an institution increases
their holding, still time to get back in at very sensible money

[eagle eye3] 04/7/2007 17:00

are they allowed to delay a holding statement for five day's

[dan de lion] 04/7/2007 16:31

The AXA purchase must be the 398,767 traded on the 28th @ £1:77.5, they must be a bit taken aback, still, I assume they have been purchased for the long term.