Mereo Biopharma Share Discussion Threads

[marben100] 06/9/2007 08:06

Bloody good AGM statement :0). I've added this morning.

[wbjunior] 06/9/2007 07:52

7 Authority to alot shares to nominal value of £2265000
8 Repurchase of shares
9 Allot equity securities
10 Divi info
11 Divi info
See Prelimimary accounts for full description
wbj

[foxking] 06/9/2007 07:32

Resolutions 7-11?

[lex1000] 06/9/2007 07:23

Good morning wbj,Funds have bought which shows confidence in MPH.Buyers help share price.

[wbjunior] 06/9/2007 07:18

lex
All looks good from the agm statement have to see what the market reads into it, look after yourself regards.....................wbj

[lex1000] 06/9/2007 07:11

Marchpole AGM Statement
Date : 06/09/2007 @ 07:02
Source : UK Regulatory (RNS and others)
Stock : Marchpole Holdings (MPH)
Quote : 125.5 0.0 (0.00%) @ 07:10

RNS Number:3645D
Marchpole Holdings PLC
06 September 2007




Marchpole Holdings plc
("Marchpole" or "the Company")

Annual General Meeting Statement


At Marchpole Holdings Annual General Meeting to be held this morning the
non-executive Chairman of Marchpole Holdings plc, Christopher Phillips, will
give the following statement and update on current trading.

"At the time of the announcement on 28 June 2007 of our results for the year
ended 31 March 2007 I was pleased to report continued significant improvement in
the business with increased turnover and profitability. The Group continues to
evolve into a diversified international luxury brand management business with a
globally recognised portfolio of fashion brands. Our global reach is expanding
and we now operate in the UK, Continental and Eastern Europe, Asia, the Americas
and the Middle East.

The current financial year has started in line with expectations with our Spring
/Summer 2008 collections having been well received and forward order books
building as anticipated. Sales of Emanuel Ungaro and Ungaro Homme in Europe,
including the UK, are encouraging and in line with our expectations and demand
for the new Emanuel Ungaro first line, designed by Franck Boclet, has exceeded
our expectations. Our wholly owned brand Jean Charles de Castelbajac ("JCC")
continues to enjoy both increased sales, and increased licensing income. On a
like-for-like basis JCC sales have delivered an increase of 5%, and increased
licensing income has derived from both new licences and royalty income which has
more than doubled on existing licences.

Good progress continues to be made with the Emanuel Ungaro and Ungaro Homme
licences where we continue to work very closely with the House of Ungaro. A
recent development is the signing of a five year royalty and licensing agreement
for Colombia which represents our first breakthrough into the South American
market. This agreement will see the opening of an Emanuel Ungaro flagship store
in Bogota and distribution through a further 28 specialist menswear outlets.
Furthermore, two new flagship stores are to be opened in the near future in
Bucharest and Azerbaijan, extending the brand's reach.

The development of our JCC brand is progressing in line with strategy. Two
significant long term partnership agreements have recently been signed with the
world famous headwear company New Era and one of the world's original denim
companies, Lee Cooper, Under the terms of the Lee Cooper agreement we will
distribute an exclusive 'JC-DC' denim collection to 250 Lee Cooper stores. The
JCC brand continues to strengthen its presence in the Far East. Most recently a
new distribution agreement has been signed with Coronet, a member of the Itochu
group, for Japan and later this month we will be opening of a new JCC flagship
store in Tokyo. .

We continue to develop and sell the Boateng collection and sales and orders have
grown from last year, despite the dispute over licence arrangements with Bespoke
Couture. This was settled by the Court of Appeal in Marchpole's favour in
December 2006 and our commitment to the brand remains unaltered.

We are pleased to report that the integration of Greenmark Limited, the ladies
footwear designer and importer, which was acquired in March 2007, has been
successful and we are seeing increased sales and improved margins.

Homebody, the luxury clothing company which designs, manufactures and
distributes ladieswear, maternity wear and menswear which was acquired last year
has been fully integrated into the Marchpole business model and continues to
make good progress and increase sales and distribution. A European multi-lingual
website went live this week and we are confident that this will deliver a
significant increase in internet sales.

We therefore look forward to the future with confidence. The business continues
to perform in line with expectations with a pipeline of new opportunities from
which the Company is well placed to capitalise, and deliver returns to
shareholders.

For technical reasons Resolutions 7-11 will not be placed before today's
meeting. An explanatory letter is being sent to shareholders and these
resolutions will be put to shareholders at an EGM which will be held at the
earliest possible date.


For further information, please contact :

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

Marchpole Holdings plc 020 7908 7777
Michael Morris, Executive Deputy Chairman


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, Emanuel Ungaro, Ungaro Homme,
Jean Charles de Castelbajac ("JCC"), Jean Charles de Castelbajac / Rossignol,
Jean Charles de Castelbajac/Okaidi, Jean Charles de Castelbajac / New Era, JCDC/
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.

- The Group has grown considerably in the past four years, from a
licensee with one core licence (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.




This information is provided by RNS
The company news service from the London Stock Exchange

END
AGMUVSVRBKRKRAR

[eagle eye3] 05/9/2007 16:05

wbj

don't forget marchpole's sourcing should also provide increased margins, and it would not have shown on last years results

[marben100] 05/9/2007 14:50

I will be at the AGM

[wbjunior] 05/9/2007 12:41

nardelli
I agree, its about time Europe and the USA started to kick in some profit, I believe a lot of expenditure has gone into setting up the various operations and perhaps now's the time to start bearing the fruit. The margins at the preliminary stage were dreadful, leaving a lot of room for performance improvement regardless of increased revenue. Also there is the significant acquisition being talked about so plenty to keep investors on their toes. Good luck and hopefully more news tomorrow.............wbj

[nardelli] 05/9/2007 11:12

wbj

I cannot see there being any bad news, the company would not buy it's own shares the week before the agm if there were, and after the agm if it were not, I expect good news and we all made a profit from the share reduction.

[wbjunior] 05/9/2007 07:31

Morning all, is anyone here attending the agm tomorrow ?....................wbj

[jamesjoel] 04/9/2007 19:55

Hi all,
while we are all waiting for marchpole why don't you have a punt at Chime Communications (CHW).I have being watching these in recent weeks volumes are increasing up to the run up to the results next Wednesday (12th).The graph is looking like it is building up to a breakout.
No investment advise intended lets make a few easy bucks while we wait on marchpole being re-rated.

[dan de lion] 04/9/2007 18:25

Hi Tufty, have actually increased my holding since April, I think MPH has a great future ahead of it and todays price will seem like a bargain in time. am holding for the long term plus the divi(due next week).

[wbjunior] 04/9/2007 16:20

Tufty great to hear your around and doing well, have you increased the rent for the asylum seekers yet or improved the garage facilities? Yes I did offload a few but only to cover my holiday expenditure still holding 99.9% and kicking myself at times like these. Waiting for the Agm statement to see what the future may hold if anything. Looks like you were right and the only one making money here has been the traders and not those's long term company supporters, but that may change soon I hope. Take care and come back sooner next time......................regards wbj

[tuftymatt] 04/9/2007 16:08

Hello WBJ, DDL and Lex.

Been a long time since I have posted / been involved in shares but thought with all the recent stock market doom and gloom I would look in on you guys.

Looks like MPH has had a very rough ride since I last read the thread in early April. WBJ do you still hold all your shares or did you top slice?

Anyway hope you and your families are all healthy as at the end of the day that is the main thing in life.

By the way Lex I sold out of CCT at 183p in early April. Are you still holding those?

[lex1000] 03/9/2007 19:36

g8ta,good link.Well worth reading.KTF

[eagle eye3] 03/9/2007 16:53

might be too low also,

[g8ta] 03/9/2007 16:16

Topped up today. Just hope the Hardman forecast is about right. Seems a bit high to me.

[argy2] 03/9/2007 09:26

misscg.....I've known him for 40 years and never heard him called Micky before.We must move in different circles.

[wbjunior] 03/9/2007 08:22

Morning all well oversold and ready to move north breaking previous highs imho, off until 2pm looking after grandson for the morning......................wbj

[misscg] 03/9/2007 08:11

Foxking.... I know Micky Morris personally, beleive me when this reaches rock bottom the boy will be buying in.

[nardelli] 03/9/2007 07:55

agree, it would seem stupid for a company to buy it's own stock a week before the agm, if there was bad news coming, don't forget the director's are not allowed to deal before an anouncment, coould be interesting agm.

[eagle eye3] 31/8/2007 18:52

surprise news at agm would be good too, ( good news that is )
but cannot see company buying back if bad news is coming.
good weekend all

[vixen] 31/8/2007 11:31

NO THANX Eagle. Knowing how tight this company is with their cash. If they're buying so am I.