Mereo Biopharma Share Discussion Threads

[momentos] 30/10/2007 15:54

And for those of a more cautious nature, note the Ungaro license expires December 2012...!

[vixen] 30/10/2007 15:28

Well reminded Momentos. Even more confident!

Expect notice of results anyday and whooosssshhhhhhh

[momentos] 30/10/2007 15:13

It is useful to repost what was said in the AGM statement as this is effectively the last the company said about anything. Nothing since contradicts this statement. Released on 6th September, 24 days short of half year end with full visibility of remaining deliveries to HY:

RNS Number:3645D
Marchpole Holdings PLC
06 September 2007


"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.

[momentos] 30/10/2007 11:32

NOt many trades...

Everyone waiting for 95p / 90p to dive in again?! (if it comes)

[cwa1] 30/10/2007 11:06

Hi

Showing on ADVFN trades log. Also here FWIW:-

[dan de lion] 30/10/2007 10:58

That is it.
It is not showing on the Plus Market via the top of the page?

[cwa1] 30/10/2007 10:53

ddl

Well there is a 5000 buy at 9:46:19 showing at 100.2 on ADVFN's trade log. Maybe that's it?

[vixen] 30/10/2007 10:52

On the plus market dan 100.2p

[dan de lion] 30/10/2007 10:39

Hmmm my buy of 5,000 this morning is not showing anywhere yet!

[marben100] 30/10/2007 10:05

VIXEN et al,

Can anyone buy them?

If you have DMA, yes. Put in a bid at or above 100p and at the next uncrossing (11:00), those shares will be yours (unless Cantor's withdraw their offer).

I will also add that, so far, I have NEVER seen any bids in the order book or any uncrossing trades. So, whilst Cantor's constantly have an offer out there, no-one has so far taken it up. I would guess that in parallel with their order book offer, they have also been disposing of stock through the normal MM channels.

For anyone wanting to buy right now, it looks like obtaining stock should be no problem. Unfortunately for me, I've got enough MPH and don't want to add right now, even though I'm pretty confident of the outlook.

Cheers,

Mark

[cwa1] 30/10/2007 09:45

Yes, I wondered if Cantor's change from 50k on the offer to 25k was significant. Probably not and not worth reading anything into it.

[dan de lion] 30/10/2007 09:44

Divi this year at this share price will be worth the best part of 5%.

Another 5,000 in the pot at 100.2p.

[jamesjoel] 30/10/2007 09:36

Seems t have being plenty of dumping on Plus Markets in recent weeks!
As the interim date being announced?

[momentos] 30/10/2007 09:32

Would love to, but no spare 25k at the mo and I'm not selling my car!

Kidology from Cantors or are they reaching the end?

[vixen] 30/10/2007 08:49

we have 25K on the offer @ 100p now. Can anyone buy them?

[momentos] 30/10/2007 07:03

Presence of delivery would see 180p imho!

[idioterna] 29/10/2007 19:39

Lack of delivery will see 60p imho...

[polzeath] 29/10/2007 18:57

Not short nor long, good luck you lot ;-)

[marben100] 29/10/2007 18:56

Evening all, sorry not to have responded earlier, been busy with a few other things.

Can't really argue with Polzeath's statement :0)...(kinda sums up ddl's previous post) let's just hope they do. No reason to think they won't. Not long to wait now. Glad to hear you DYORed CWA - forgot my usual reminder :0).

Thought it was an opportune time to draw the seemingly silly price to people's attention on TMF.

[momentos] 29/10/2007 18:52

Indeed DDL, more on iii and bunnyam esp re FD & lost designer.

[polzeath] 29/10/2007 18:16

They need to deliver.

[dan de lion] 29/10/2007 18:07

I must say that there has been very little de-ramping on this board (if any) generally what could be construed as de-ramping has been people unable to understand why the share price has fallen so dramatically against excellent forecasts and trying to produce a reason.
This is the Stock Market, MPH have not as yet produced hard facts to re-assure people that they have overcome the loss of YSL, so it is sold down, we on this board who have followed MPH for years can see that they have done everything right and have seen MPH pick up some good bargains over time and are in fact well placed to become a top player on the Global scene, only time will tell as the real facts come out, hopefully starting in the next three weeks.

All IMHO.

[vixen] 29/10/2007 17:55

Yes I mean I asked for 10K of them @ 110.5 I think it was and it couldn't be placed and that was on the offer. All very strange to me but thanks for the explanation chap1889.

[chap1889] 29/10/2007 16:06

CWA1 - it's SETSqx i.e. the MMs still run the show (no DMA as with SETS). You can place orders (only difference is that now they are visible - a Mifid compliance requirement) and the MMs can decide whether to fill or not at 4 auctions through the day.