Mereo Biopharma Share Discussion Threads

[seizetheday] 19/11/2007 12:02

"Has the share price conveniently crashed for someone to pick shares up on the cheap?"

yes, I bought at sub 65p

[seizetheday] 19/11/2007 11:54

bought about £4800 at 64.95.
I am the king of bad timing, let's see if I am consistent... ;-)

lev 2 now?
many zanks (im french)

[davidbennett] 19/11/2007 11:51

Just bought 7415 @ 64.6.... seems oversold despite all the problems.

Looking for some sort of bounce from here.

Very difficult to buy online, had to deal in two chunks.

[momentos] 19/11/2007 11:45

I blame Ba5hirIsBack.

We were fine until he turned bullish.

[nardelli] 19/11/2007 11:36

maintain dividend, 70m turnover, expanding company, long term ok, short term
er

[traidemark] 19/11/2007 11:35

feel for you guys ... especially the one or two names that have been here for so long ... hours of research and money wasted

this thread has been very pleasant , informative and intelligent , the only other thread ive found to be similar is aht (i dont hold and dont intend to yet) and PET .....

i dont go from thread to thread ramping .. but if you have sold today please have a look at pet and place it on your watch screens ... some excellent quality research and information there as well as some of the top names to be found on advfn investing there.

might just get you some of your losses back ... appologies for the ot ... but ive done my research on pet and would love to see some of you here make alot of money over there.

i havnt posted this elsewhere.

[nardelli] 19/11/2007 11:29

What have they spent on expansion?

[love it] 19/11/2007 11:26

Small volume / drop Where is the bottom this has to be over done? MM's having a fied day.

Sorry to see this guys all been in shares like this one time or another. SMC Grrr for me

[momentos] 19/11/2007 11:25

What they said in lead up to interims:

EMEA:

Interim Management Statement (8/8)and AGM Statement (6/9) said "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."

US:

Final Results (28/6) comment: "Sales of Emanuel Ungaro and Ungaro Homme in Europe and North America are both encouraging and close to expectations" IMS (8/8) said "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." AGM (6/9) said nothing further.


GREENMARK:

Annual Report said "Turnover of Greenmark Limited for the period from acquisition to 31 March 2007 was £3,208,000 and the profit before tax was £255,000. For the period between 1 April 2006 and the acquisition date, Greenmark Limited had sales of £21,178,000 and a profit before tax of £1,824,000."

FR (28/6) said not much. IMS (8/8) said "Greenmark has been successfully integrated into the Marchpole business model and is performing ahead of expectations." AGM (6/9) said "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"

UK:

Homebody: AGM (6/9) said "A European multi-lingual website went live this week and we are confident that this will deliver a significant increase in internet sales."

Boateng: IMS (8/8) and AGM (6/9) said "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"

Ungaro: FR (28/6) said "Sales of Emanuel Ungaro and Ungaro Homme in Europe and North America are both encouraging and close to expectations." IMS (8/8) said "Sales of Emanuel Ungaro and Ungaro Homme in Europe, including the UK, are encouraging and in line with expectations". AGM (6/9) said "Sales of Emanuel Ungaro and Ungaro Homme in Europe, including the UK, are encouraging and in line with our expectations"

Ungaro Other: AGM (6/9) said "demand for the new Emanuel Ungaro first line, designed by Franck Boclet, has exceeded our expectations"

[nardelli] 19/11/2007 11:22

not surprised at the fall, Mark was right when he said it will take a couple of years, It would seem no one has any idea how much it costs to open new stores in capital cities, China and Budapest are now mentioned for the first time, sourcing shoes from asia, as the real is up against the dollar, office costs in Paris are in euros, product sold in dollars ( not all ) It costs to expand......
Ted Baker opened in the middle east shares went up, Marchpole open's shares go down. YSL gone but now with 70 million turnover, no cake today, but they are doing the right thing.....

[remynapoleon] 19/11/2007 11:21

Well,well,well we are now a lot poorer than we expected to be this morning.

I have tried to read through the Interims and look for the positives but I think I need a larger microscope to find any. Obfuscation seems to be the order of the day.

I particularly do not like the increase of bank facilities by £13.7 million without an eplanation of the usage.

The second half is always the strongest by far and as I do not take part in fire sales I am holding ( but like many others I suppose, I wish I had called the top @ c. 190p, as the clever ones did, and realised my profit ). These must go in the bottom drawer for a few more years.

remynapoleon

ps. A small plus, with the share price at a mid price of 73.5p and a maintained dividend of 3.75p this gives a basic rate tax paid return of 5.1% approx.

I went to the Blair/Brown school of spin. ;-)

[love it] 19/11/2007 11:18

L2 just went blue. Not a holder here was years ago sorry to see this. Bad market day but agree where was the profits warning. Well out of order.

[mick33] 19/11/2007 11:16

SP falling nicely for MR morris to top up

[wbjunior] 19/11/2007 11:15

got out and broke even after four years not counting interest i would have got in a bank, gutted and so much for the compaqny having to give notice of expected shortfalls....................wbj

[seanmiller] 19/11/2007 11:14

Is the news really that bad re: the share price now??

think they will shake a few more out yet, maybe a bounce stock to but at 50p - 55p.

[argy2] 19/11/2007 11:11

lol Robbie

[cosnova] 19/11/2007 11:10

sellers are getting roasted today and the bears are helping, the question is what is this company worth?