Mereo Biopharma Share Discussion Threads

[wbjunior] 08/8/2007 09:06

Cosnova positive statement with a lot of positives accepting reduction in Moda revenue, but the increase in margin will probable offset that. Looking at the Preliminary results there is a lot to be gained from margin improvement so fingers crossed mm are making money at every opportunity............................holding and adding.....................wbj
Ps acquisition soon me thinks

[cosnova] 08/8/2007 08:59

Hardmans valued at £2.40 and you can buy today at £1.40!

[cosnova] 08/8/2007 08:45

Can't see anything wrong with this statement, we all know US is experiencing
tough conditions,

Interesting comments regarding Greenmark, very positive

[nardelli] 08/8/2007 08:24

polzearth, laughable comments,

and director's buying shares too

[polzeath] 08/8/2007 07:52

LONDON (Thomson Financial) - Marchpole Holdings PLC, the fashion brand
management group, has reiterated its belief that it is well placed to withstand
the termination of the YSL licence and said its balance sheet remains strong.
Updating on trading for the 13 weeks to July 1, its first quarter, the group
said sales of Emanuel Ungaro and Ungaro Homme in Europe, including the UK, were
"encouraging and in line with expectations".
It remains confident that the Ungaro brand will prove to be an adequate
replacement for YSL.
It said orders for the first line, Emanuel Ungaro, received a significant
boost from the successful June 29 Paris fashion show and will be further
augmented by the opening of three new flagship stores in Bucharest, Azerbaijan
and Colombia next spring.
On a like-for-like basis sales of Jean Charles de Castelbajac increased 5
pct and royalty income more than doubled reflecting new licence agreements put
in place over the last year.
During the period Marchpole signed a new distribution agreement for Japan
with Coronet, a member of the Itochu Group, and entered a new partnership with
Lee Cooper. It said both deals will enhance earnings in 2008/2009.
Boateng's sales and orders grew from last year when performance was blighted
by legal disputes and market confusion over the continuation of the licence.
This dispute was settled in Marchpole's favour by the Court of Appeal last
December.
The group said Greenmark has been integrated into the Marchpole business
model and is performing ahead of expectations.
However, it noted the retail environment in North America continues to be
difficult and Moda America's sales were lower year-on-year. On the positive side
margins have improved as a result of Marchpole's sourcing capabilities.
Marchpole is looking for a new finance director after John Harrison resigned
in June. He is staying with the company until a replacement is found.
The group also announced the appointment of John Molloy as non-executive
director with effect from Sept 1.
Shares in Marchpole closed Tuesday at 144 pence, valuing the business at 40
mln stg.

[polzeath] 08/8/2007 07:49

Directorspeak.

[taffee] 08/8/2007 07:49

not short but think mms will have a field day over next 6 months with this

[polzeath] 08/8/2007 07:46

'We won't provide any figures to enable you to make comparisons yoy or period on period, because they're awful. Sales of Ungaro encouraging but we're hoping they pick up a lot in the next 39 weeks or we're up the Swannee. The best we can say about JCC is that sales are keeping up with inflation. We've got new distribution agreements with Lee Cooper and Coronet but that ain't going to contribute diddly squat this fiscal. Boateng's doing OK but unfortunately the principal hates us now. Greenmark's doing OK but it's low end. Retail in USA is terrible and we're suffering badly. Our FD resigned because he didn't like group strategy and he didn't want to be associated with the share price halving when MPH is re-rated to allow for the reduction in business now YSL has gone.'

[sensei10] 08/8/2007 07:45

SHorting this are you Taf?

[taffee] 08/8/2007 07:44

could see a return to 120p?

[sensei10] 08/8/2007 07:38

Reading problem polzeath? How do you get a profit warning out of that statement?

[taffee] 08/8/2007 07:37

no we are reading between the lines.......

[polzeath] 08/8/2007 07:37

You'll find out in 22 minutes.

[sensei10] 08/8/2007 07:36

Oh dear - how in earth do you get profit warning out of that. Seriously, are you reading the same statement?

[polzeath] 08/8/2007 07:33

Doesn't look very good, I'm afraid - market will interpret statement as uncertainty over outcome (at best) or profit warning (more likely). Resignation of FD known already but reminder here another downer. Good luck anyway.

[taffee] 08/8/2007 07:32

well not sure how you want to view this,but in my experience the market will focus on the negative...fd leaving isn't positive either as that leaves one man in control of everything....and the market hates that.

[sensei10] 08/8/2007 07:30

Not a very good summary from you Taffee. A lot of positives in that statement with the exception of Moda.

Marchpole Interim Management Statement

RNS Number:7078B
Marchpole Holdings PLC
08 August 2007


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

Interim Management Statement


Marchpole Holdings plc (LSE: MPH), the fast growing fashion brand management
group,has today published its first Interim Management statement as required by
the revised Listing Authority disclosure rules. The statement relates to
the first 13 weeks of the new financial year, representing the period 1 April to
1 July 2007. The Board continues to believe, as reported on 28 June 2007, that
the Group is well placed to withstand the termination of the YSL licence.

For the purposes of this statement it is meaningless to draw comparisons with
the same period last year because of the changes in the composition of the
Group, notably the end of the YSL licence and the acquisitions of Homebody and
Greenmark.

Sales of Emanuel Ungaro and Ungaro Homme in Europe, including the UK, are
encouraging and in line with expectations, and we remain confident that the
Ungaro brand will prove to be an adequate replacement for YSL. Orders for the
first line, Emanuel Ungaro, have received a significant boost from the
successful Paris fashion show held on 29 June and will be further augmented by
the opening of three new flagship stores in Bucharest, Azerbaijan and Colombia
in Spring 2008.

On a like for like basis sales of Jean Charles de Castelbajac have increased by
five per cent and royalty income has more than doubled reflecting the new
licence agreements put in place over the last year. During the period a new
distribution agreement has been signed for Japan with Coronet, a member of the
Itochu Group and a new partnership entered into with Lee Cooper, one of the
world's original denim companies. These will enhance earnings in 2008/2009.

Boateng sales and orders have grown from last year when performance was blighted
by legal disputes and market confusion over the continuation of the licence. As
reported previously this dispute was settled in Marchpole's favour by the Court
of Appeal in December 2006.

Greenmark has been successfully integrated into the Marchpole business model and
is performing ahead of expectations.

The retail environment in North America continues to be difficult and sales by
Moda America are lower than for the same 13 week period last year. On the
positive side margins have improved as a result of Marchpole's sourcing
capabilities.

Our balance sheet remains strong following the improvements made during the year
to 31 March 2007. There have been no significant changes in the financial
position of the Group since the publication of the Annual Report for the year
ended 31 March 2007.

The resignation of John Harrison as Group Finance Director was announced on 26
July 2007. A replacement is being sought and John will remain with the Group
until that process has been completed.

[taffee] 08/8/2007 07:16

no overly impressive statement imo...moda the replacement for ysl doing badley...others doing okay

[dcd] 07/8/2007 22:18

This looks like it's getting to be a buy again, ex divi in a week, how much will it go down then, more than the divi. I will wait and see.

[deanroberthunt] 07/8/2007 19:36

going down again...especially since the Dow's gone belly up aain.

[argy2] 07/8/2007 08:55

daverw

MPH is going to be at a discount to the sector for some while but certainly the difference is looking excessive.

[lex1000] 06/8/2007 23:10

daverw,Marchpole are cheap,bloody cheap trading at discount to sector.

[daverw] 06/8/2007 22:32

P/E now just over 7, sector average over 19.
Nearly 100p below Hardmans valuation.
Looks like we are on the runway, a bit of news please Captain M.

[lex1000] 06/8/2007 10:42

o/t mentioned PET here 60p-70p-equal opportunity cud have bought dips like did @ 60.5p.Element of risk,however,pays more for 100% certainty. Knew aimvho money to be made.Here to help each other.Posted probably more to be made than CCT & MPH put together.Potentially life changing.So excited,thought share the moment.Apologies any those cause offence.

MPH will come good.Patience required.best wishes lex;o)