Mereo Biopharma Share Discussion Threads

[brindy] 24/8/2007 13:11

remynapoleon

I never got out totally. I sold a few at 183 simply because I legally had to pay myself a pension from my sipp. A bit lucky there !!!Isold afew bits and pieces here and there on the way down. My last sell(s) were today 4k + 3k to buy pet at 119. I still hold about 25% of my original holding and will be looking to top up again over the next few weeks.

[remynapoleon] 24/8/2007 13:03

A post from Brindy.

Is this a sign that you are back in MPH ?

You seem to be the only person who has correctly called/acted upon the previous near highs and lows. ( momentos may have been close).

Welcome back if you are in or did you just fancy the dividends. They are always paid in close connection.

remynapoleon

[remynapoleon] 24/8/2007 12:56

There seems to be much debate regarding the bonus awarded to Mr Morris.

May I draw your attention to the statement from Marchpole that the bonus is, "predicated on the performance of the company", which I am sure you all understand means that the size of the bonus is directly related to the profitability of the company.

I personally would like to see him receive a £10 million+ bonus next year.

As for the age of our directors, experience and wisdom come with age and "60 is the new 40". Sorry if you lost money corrientes but patience would have paid if your situation would have allowed.

Company executives and Brokers are not allowed to make fraudulent statements to the markets. ( Please do not quote the likes of Enron to me ).

wbjunior: re 2031, a wobble ? Surely not.

remynapoleon

[brindy] 24/8/2007 12:54

I started buying pet at 94p ! I added yesterday and this am.......

[lex1000] 24/8/2007 12:52

wbj,lowest entry got my first one bagger in o/t PET,expecting to multi-bag several times over.High risk/high rewards.Risks diminishing.Potentially huge upside talking telephone numbers IF HCL and wins contracts.Brindy appeared on thread bought this morning and continues holding MPH.regards lex;o)

[dan de lion] 24/8/2007 11:16

6th September.

[cosnova] 24/8/2007 11:02

back from hols, disappointed to see share price lower, don't see large sells
mm's testing the price and helping some of the larger holders.

Can someone confirm the agm date, thanks

[lex1000] 24/8/2007 09:35

Good morning wbj,thank you.Yes o/t IF all goes to plan is on target to rise £5 for starters.Possibility exists and I firmly believe it will potentially realise anything £10 to £50 a share.Reason for mentioning it on MPH for others to make significant amounts of money whilst patiently waiting on MPH.Times,right time to think outside the box.Added PET 20k @ 60.5p on weakness as you are aware.PET is no longer the secret that it once was,risks diminishing by the day.All you need do is buy and hold tight 2-5 years. Positioned to benefit in coming weeks and remaining months in 2007 onwards.First on approval of HCL followed on almost immediately PET go to Bagdad to sign contracts and what happens in future.Gift under 150p offer risen to 120p.Makes up for disappointment here in MPH.aimvho.dyor

[argy2] 24/8/2007 09:33

Perhaps Michael Morris might spend some of that rather generous bonus on clearing the market of shares?

[wbjunior] 24/8/2007 07:59

Very true lex, pleased to see o/t doing so well for you...............................wbj

[lex1000] 24/8/2007 07:38

Marchpole m/c based on share price mid price 24.7p old money.MM making $bucks: "Mr Morris was paid a total of £1.12m last year, including £8,181 worth of benefits. The package makes Mr Morris one of the best paid retailers in the UK." Better see MPH trading significantly ahead come November.More deals and positive newsflow please making MPH investors share.As it is Traders get best returns.aimvho.

[corrientes] 24/8/2007 07:09

I should have said the youngest director is '56', but the others are 60+.

[polzeath] 24/8/2007 05:10

£1.1m salary for Marchpole founder
By Richard Fletcher
Last Updated: 2:04am BST 24/08/2007

Michael Morris, executive deputy chairman and founder of luxury goods minnow Marchpole, collected a £1m-plus salary last year.

His £260,000-a-year salary was boosted by a £851,999 bonus, according to the annual report, which was sent to shareholders yesterday.

Mr Morris was paid a total of £1.12m last year, including £8,181 worth of benefits. The package makes Mr Morris one of the best paid retailers in the UK.

"It is a significant bonus, but it is predicated on the performance of the company," said a spokesman for Marchpole.

In the year to March 31 2007, pre-tax profits at Marchpole nearly doubled to £8.3m, up from £4.4m the year before. Turnover jumped to £90m up from £38m. Shares in Marchpole closed down 3.5 yesterday at 123½p, putting a value of £34m on the fashion retailer.

Mr Morris - who founded Marchpole - floated the company in 1997 but was ousted by investors in 2000 when it nearly collapsed. He returned in 2003 as a director after settling a legal dispute.

In 2006 he was appointed executive deputy chairman and took over senior executive responsibilities, completing his comeback.

Marchpole designs and sells clothing under licence for a number of luxury brands such as Emanuel Ungaro, Jean-Charles de Castelbajac and Boateng.

[corrientes] 23/8/2007 22:55

Wrong sector, autocratic boss,overpaid directors, the 'youngest'of whom is 58, insignificant overseas sales,finance director resigned. Too many negatives to overcome in the short/medium term for my liking.Hope the keyman insurance policy is in good shape.I sold for a loss, but at least I've got most of my money back.

[tratante] 23/8/2007 22:09

Kicking myself I didn't implement the stop loss I contemplated in the 160s, but really thought these had turned the corner and they wouldn't fall much further. Never learn!

[marben100] 23/8/2007 17:24

wbj,

To be fair, I don't think you can blame the directors for the share price fall. When I last spoke to the company, a couple of weeks ago, they indicated that there was no reason to think that the Hardman forecast would be missed. We may hear more at the AGM but we'll really have to wait for the interims in November to prove the sceptics right or wrong about MPH's performance in the post-YSL era.

IMHO what's holding the share price down is fear that MPH won't be able to make a decent profit post-YSL. If and when the figures show that fear to be unfounded, then Hardman's target may not look silly at all. MPH is a value investment. One of the secrets of value investing is patience: when all the evidence tells you that a company is worth more than the market is valuing it at, you simply have to wait either for the market to catch up, or for results to prove you wrong!

Having said all that, I'm not happy about the size of the bonuses either - but will be much less unhappy if a) they're not repeated to the same extent and b) the results are good. Another way of looking at it is that if MM had NOT paid himself so much, and the EPS figure was significantly higher for 2006/7 as a result, it would make it much harder to match or beat that figure in 2007/8. So perhaps we have a bit of "earnings management" here.

Cheers,

Mark

[eagle eye3] 23/8/2007 17:05

hardmans forecast was for 2007/8 we will know later if it was silly. nov or march

[eagle eye3] 23/8/2007 17:05

hardmans forecast was for 2007/8 we will know later if it was silly. nov or march

[wbjunior] 23/8/2007 16:25

So much for Hardmans forecast of £2.40 value, makes them look a little silly at this price as well as me.................................wbj
Can't say that I am happy with the directors picking up £1.2 million pounds in bonus with the way the price has gone. where is the buybacks or acquisition news? always waiting for some announcement to move forward getting very tedious now.

[dan de lion] 23/8/2007 15:14

Argy:-

Just trying to show that mph really did far better than the basic figure`s.

[argy2] 23/8/2007 13:07

Dan

Can't see the point of adding back the Director's bonus because with Michael Morris I would expect this was an ongoing thing.

[wbjunior] 23/8/2007 12:41

At a loss to understand the reason for this drop.............................wbj
Perhaps something we don't know is around the corner like "shrek".........lol

[pricemilne5] 23/8/2007 12:21

At this rate i wouldn't be surprised if the directors took this one private! What a bargain.

[dan de lion] 23/8/2007 10:59

If one takes out of the final results some of the £1.7 million exceptional finance costs and reduce them to a more ongoing £700,000 and write back in the directors bonus, then MPH would actually have achieved the 23p eps without the "fair value" adjustment.

IMHO