Mereo Biopharma Share Discussion Threads

[jimmy c] 04/2/2008 17:32

won't rub it in but i made over £12000 today on these. Shame on you for ridiculing me last night though.

[marben100] 04/2/2008 17:28

Joan of Arc: click the "Post reply" button just below the header and then the reply form comes up.

HTH,

Mark

[cosnova] 04/2/2008 17:23

showing as o trade on advfn, also another 100k went through

I assume one of the larger holders averaging down

[momentos] 04/2/2008 16:36

Not wholly convinced they are buys...

Isn't a K trade like a T trade?

[cosnova] 04/2/2008 16:34

someone buying! 180k shares, either nerves of steel or they know something?

[joan of arc] 04/2/2008 15:12

Marben, I couldn't find any reply form on the page pointed to by your URL. Can you help me out so that I can email you.

[marben100] 04/2/2008 15:10

Momentos,

Thanks. Happy to have my post in the header. My comments have nothing to do with TMF or ADVFN. Both are useful.

My point, for those to whom it's not obvious (besides the defamation angle you mention) is that whilst I'm more than happy to discuss management failings or successes here or on TMF, it would seem unwise to discuss a plan for action in any place that MPH management can monitor.

I would be very happy to contact Rathbones, as you suggest, but I'd like to see if there's some more investor interest in specific action first and talk about sensible options.

Best,

Mark

[1947jim] 04/2/2008 15:02

Interesting to read all your activity on this today, and since Friday. But nothing seems to change the fact that management ( if that is Morris or all the Board ) has been , and is poor.
Could be there are some deals in the offing, who knows ---- but if the management continues to be so bad --- will the best advantage be made of them?
Am beginning to feel sorry for their suppliers --- for sure they will be struggling if borrowings are so high,and free cash limited. They wont stand being the 'fallguys' for too long.............and if you start to lose your best suppliers.................and reputation ................What next ???

[dumbarton2] 04/2/2008 14:37

But they had a duty to report to the market well before results whenn it was obviouis earnings were far off expectations.

The general rule is 10% either way !

[deanroberthunt] 04/2/2008 14:35

No, they just didn't bother to make any announcements, at all....

[momentos] 04/2/2008 14:34

Hello granny, please suck these eggs.

[dumbarton2] 04/2/2008 14:29

The law is clear the directors have a fiduciary duty to all shareholders and the Londonm stock axchange and the fsa have strict rules on advising the markets when earnings are to be missed and the statements they make are as truthful.

In my opinion the statements were wide off the mark.

[momentos] 04/2/2008 14:28

Scunny, maybe we should rename you to Upton Park. You're definitely two stops short of Barking.

[dumbarton2] 04/2/2008 14:27

You should be grateful thatI am advisinmg you how to seek recompense.

[dumbarton2] 04/2/2008 14:25

no one can be accused of defamation if they stick to the truth and the truth is the board came out with optimistic statements prior to release of last results.

Let them sue then but they wont!

[dumbarton2] 04/2/2008 14:22

Now you know whay they are called motley fools because they have foolish way of going about things

[momentos] 04/2/2008 14:20

Indeed.

Good to see alot of names from the past visiting. Perhaps its a bit like people coming to a funeral...

Luckily the thread header still seems appropriate: "Marchpole: A Global Future: The Time is Now".

Shame that the "global" now refers more appropriately to a big, fat zero.

[dumbarton2] 04/2/2008 14:19

This post is amusing....



marben100 - 4 Feb'08 - 11:22 - 3735 of 3746


Hi momentos et al,

Fortunately, I only have a few MPH shares left. However, I am not inclined to just let this matter rest. In my view, this IMS may be evidence that past statements (both public and private) were misleading (or that management were incompetent in their investor relations to the point of negligence).

I am not sure whether a complaint to the FSA or LSE would be effective. I do not think that discussing specific actions on a public BB is a very good idea but I would very much like to do so with other seriously interested parties. If you would like to do so, I suggest e-mailing me by replying to my TMF post here: [tick the box underneath the reply form that says "E-Mail this Reply to the Author" and untick the one that says "Post this Reply to the Boards"].

Regards,

Mark
.................................................

To infer that this board is not the place to speak out on failures by managemenent is ludicrous. I suppose mark thinks the fool board is though!

This is what bulletin boards are all about allowing investors to vent their feelings in order that they can be thrashed out in the open not in secret that Mark has suggested.

LOL

[bletherer] 04/2/2008 13:36

I said a while back that I'd buy back in if the price went below 30p, but I'm still sitting on my hands after reading that last statement. There are situations where I'll buy a crashing share but I need to be convinced of the value to take that risk and I can't put a value on MPH until Morris cuts the BS and comes clean with shareholders about what is going wrong and how he is going to reverse the alarming slide into losses. I'm not sure I've ever read quite such a ridiculous trading statement: the standard and logical thing to do if you are reporting some bad news is to explain to the market what the problem is and how you are going to put it right - but instead MM just talks about the good things and then adds, almost as an afterthought, "oh but by the way unfortunately we're going to make a loss this time round", leaving it to shareholders to guess how that might have arisen. Once again, complete contempt shown to the supposed "owners" of the company, presumably because he believes he has a job for life and no-one can push him out. I can't stand that kind of attitude in management so this is now one I won't touch at any price - at least not while he's in charge. It may well recover from here, but I want to keep my cash away from people I dislike and distrust.

[0o0] 04/2/2008 13:29

Another unknown factor is how much damage Marchpole's financial woes are having on trade. Both suppliers and customers will be very much aware of the poor bank balance and turning the screws on Marchpole. It also won't help being in a trade where the brand label is of equal importance to the actual product, people do not want to smell of or look like a mark that has fallen on hard times.

[remynapoleon] 04/2/2008 12:19

marben100

Thank you. Fortunately I have been into MPH for some time now and with averaging I am not hurting as much as others may be.

Of what campaign do you speak ? I really not know where to start.

Shore Capital seem to be in the dark and must be very embarrased with their forecast.

The directors, barring MM seem to have bought at the wrong time and themselves are losing money.

MM himself is by far the biggest loser in cash terms of us all, but he does have a salary, bonus and dividends to help, and therefore in my view probably would be able to justify his position.

This just leaves the FD, can he really have kept everyone in the dark or is he just incompetent.

In my view the only thing we can do is, as always, attend the EGM's AGM's and voice opinion/ask questions. It may also help if we all wrote or e.mailed individually requesting clarification.

I am always open to suggestions though.

remynapoleon

Thanks for the drink momentos.

[rrogans] 04/2/2008 11:54

I think a lot of the prospects for Marchpole hinges on what you make of MM. Having read posts here over the years, he comes across as singleminded, arrogant and dismissive of shareholders. Since the good ship Marchpole seems to have been holed under the water line, the reason for the hole is IMO not unrelated to the sub-prime issues, and it looks like expansion at just the wrong time into USA has over-stretched the company, and unfortunately now it looks like a poor decision.

If everything had stayed hunky dory in the States, then the picture could have been quite different, and expansion might have been seen to be the diversification that was needed to break free of the YSL franchise.

Notwithstanding the appalling lack of investor feedback, my feeling is that MM is perhaps in denial, holed up in his bunker somewhere, and convinced that the big picture is still rosy.

Viewing this as a falling knife or potential recovery stock, anyone have a view as to whether it is worth 18p?

Rich