Mereo Biopharma Share Discussion Threads

[wellyboot] 12/9/2007 12:18

Quality-wise I was thinking along the lines of Reiss - though with Sales of £60m, they're perhaps a bit of a mouthful. 55 stores of own brand fashion menswear and ladieswear, primarily in the UK, but also some flagship stores in UAE, NY and China.

[wbjunior] 12/9/2007 10:36

Marben

Alexon has 52 menswear shops and wolf is one of there labels, it is said that they are looking for between 20 and 30 million for the sale of the menswear chain. Information found on google under Alexon menswear.................wbj

[marben100] 12/9/2007 09:52

Hi ddl,

Just idle speculation on my part really. Don't know and can see little info on how many menswear shops AXN has. However, Alexon's market cap is £129m, so I guess that they're hoping for 10s of £m for the menswear arm - which is a bit large in the context of MPH.

I also floated the thought of Hardy Amies in a chat after the AGM but didn't get a positive reaction to that, so I don't think they're on the target list.

Cheers,

Mark

[dan de lion] 11/9/2007 17:39

I am pretty sure that somewhere along the line that a purchase of a chain of 20-30 shops was mentioned, how many shops are Alexon selling off?

Also in the finals there was mention of a "modest" purchase, so what is "modest" to Marchpole nowdays?

Finance should be no problem as I reckon MPH are now cash rich.

[marben100] 11/9/2007 16:13

Further to my last, now I re-read that statement it does look like an interesting fit as it appears we're looking at the whole menswear business: brands, shops & all - presumably allowing Alexon to focus on womenswear. Could be interesting as MPH are more traditonally focussed on menswear. Tricky thing would be price and funding. I guess this would be rather a big mouthful for MPH to swallow.

[marben100] 11/9/2007 16:07

Hi ddl,

I did mean a complete chain, rather than underperforming shops. AXN said this in their statement of 24th May:

Menswear sales and margins are continuing to show improvement. This reflects
work done to make the own-brand ranges more commercial, and to strengthen the
branded offer within Envy, which is regaining credibility as a branded fashion
retailer. The Board have concluded that it is an opportune time to review the options for the menswear business and Hawkpoint Partners have been appointed to undertake this review. [my bold]

I don't know much about Alexon's chains/brands (I'm not a fashion expert generally). Any further thoughts?

Cheers,

Mark

[dan de lion] 11/9/2007 09:57

Marben ;-

I would think that mph would be looking at a complete chain of shops not the under performers that Alexon wants rid of.

IMHO

[wbjunior] 11/9/2007 09:41

Have a good day all, off to Weston with grandson and Mrs wbj for the day, bucket and spade, ice cream and off course fish and chips. Can't stand watching this any longer will take a break for a while, keep the faith...................wbj

PS Next had done well increasing eps after buy back and there Next directory doing well. MPH eps around one third of Next, pity the share price isn't.............lol cu

[wbjunior] 10/9/2007 15:06

Just got back in, lex I hope o/t hits £10 for you, then you can buy the drinks for all the regular contributers.........................lol I recon the acquisition is very much on the card, but its the significant acquisition that Hardman referred to that intrigues me. With another Greenmark acquisition I believe we would be marked up in line with our peers. Typical top up and the price dips, never mind i'll be laughing all the way to bank soon according to the tea leaves...........lol wbj

[marben100] 10/9/2007 13:44

Did you get a feeling as to wether the purchase of the retail chain was still on or not?

As I indicated, they were tight lipped about it, so hard to tell. But they didn't deny it...

I believe Alexon are looking at disposing of some menswear shops. Would these be a decent fit? What are your thoughts ddl?

Good luck with your oil play, Lex.

Cheers,

Mark

[lex1000] 10/9/2007 12:38

wbj,as you are aware no longer holding MPH.Everything gone into o/t oil play expecting high rate of return more than MPH can offer.regards lex;o)

[lex1000] 10/9/2007 11:40

Good morning wbj,MPH similar share price to o/t which has just turned blue.Waiting on news.Brindy keeping me company,he has bought & added.regards lex;o)

[lex1000] 10/9/2007 08:51

On line quotes: Bid 125.1p max-1.5k v Offer 127p max-25k

[wbjunior] 10/9/2007 08:06

purchased 1291 @ 127.4 prior to divi monies............................wbj

[argy2] 10/9/2007 07:49

Cheers Marben and hi momentos, nice to have you back.

[wbjunior] 10/9/2007 07:30

Buying at market opening to avoid the rush lol, have a good day everyone ....................wbj

[polzeath] 09/9/2007 17:31

FWIW (not a holder) looks like MPH has bottomed, wait & see for the next results statement, share price should drift up rather than down I feel :-)

[nardelli] 09/9/2007 17:28

not a bad idea, the share price is under written by the company at 24 so shorting it would seem unwise.

[wbjunior] 09/9/2007 15:44

ddl
Like yourself I shall be topping up first thing Monday morning after the agm statement and Marbens report back from the agm, looking forward to gradual climb back up......................wbj

[nardelli] 08/9/2007 18:53

black gold

[dan de lion] 08/9/2007 17:52

Marben:-

Did you get a feeling as to wether the purchase of the retail chain was still on or not?

[marben100] 08/9/2007 12:16

BTW, one further bit of personal research I've undertaken. I was a bit curious whether MPH's new Colombian venture would be selling to anyone other than drug lords :0). Fortunately I have a South American cousin who happened to be over here at the time. He informs me that Colombia's economy is doing very nicely thank you at the moment. Apparently the security situation there is improving and natural resources (esp oil & gas) are keeping things ticking over nicely.

I remain confident that eventually all these international ventures will bear fruit - but it takes time for sales momentum to build. In the meantime, of course, money has to be ploughed into marketing to make the brands "sought after".

[marben100] 08/9/2007 12:07

Thanks everyone for your kind words. Nice to feel appreciated :0). And delighted to see you back momentos. Look forward to hearing what new nuggets you can dig up for us all.

Cheers!

[martinc] 08/9/2007 10:08

Marben100 - that must have taken you a while to write that up - thank you! I'd like to start going to a few AGMs sometime, but I must sort out the day job first!

[remynapoleon] 08/9/2007 00:16

Marben100

Thank you. Your time and effort is much appreciated.


remynapoleon