Mereo Biopharma Share Discussion Threads

[momentos] 05/2/2008 13:23

Agreed, but I believe that those with the largest FINANCIAL stake should be the ones to initially decide on a course of action.

In the event of any action, you wouldn't expect a settlement for the larger interests to be held up by the insistence on some "moral justice" by smaller interests, would you? We need to remain pragmatic.

[deanroberthunt] 05/2/2008 13:19

Why should the extent of ones loss or the value of their holding be of consequence.....if it can be proven that the company has clearly breached its listing obligations, in an attempt to obfuscate, then they should be made an example of, and held to account....

then maybe, just maybe in the future other may think twice.

[tibibar] 05/2/2008 13:11

The 75,000 shares on Plus is the same price as I am able to buy through my nominee account with Barclays Stockbrokers. If today is an indication of the interest in buying, Barclays will soon be putting out an RNS showing an increase in holdings!

[momentos] 05/2/2008 13:07

drh, agree the issues ARE serious. Whether people participate in any action will depend on the extent of their loss.

If, after initial soundings, Mark (Marben) indicates that more numbers would be of help with any planned action, I, and probably others, would of course sign up. But those initial decisions should rightly be taken among those with the biggest interest.

As for the humour, I believe it has existed on this thread whether the share price is going up or down (and its done plenty of that). This used to be quite a fun board, holder or not. I'm not sure that should change.

Among the never-seen-them-before, told-you-so vultures, I have also seen several old timers / previous posters visit and contribute. It's good to see, long may it continue.

MARBEN - why not set up a single purpose Yahoo email account for anyone, not an MF member, to email to? I'll do it for you and forward stuff if you want...

[momentos] 05/2/2008 12:55

pingi, a single digit message to shareholders, brought to you in association with Michael Morris:

[pingi] 05/2/2008 12:42

Wait for the single digit.

[momentos] 05/2/2008 12:37

Good luck, you will know soon enough.

The speed of halving of the share price is accelerating. First time took 5 months (Jun-Nov), second time 5 weeks (Nov to Jan) third time 5 hours (Fri PM to Mon AM). Wouldn't bet against the next leg taking 5 mins!

Someone appears to have joined you for 75k @ 16.88 (on Plus). Given the unmoved price, it wouldnt surprise me if Barclays are continuing to offload.

[chuckey] 05/2/2008 12:29

i have just had a punt on these, What the hell. Bought at 16.93 and 16.9 for 5k total, Maybe some light at end of tunnel. really am sick looking at them but for me to get anything back they have to go north of this. Im not sure if i'm brave or stupid but with this goes my xmas bonus. Fingers crossed. just noticing trades have both came up as sells, strange.

[0o0] 05/2/2008 12:09

For those not registered at the FT here is the rest of the article Momentos linked to..Egg on Shore Capital's face too. (Dated 20th Nov 2007)


John Stevenson, analyst at Shore Capital, Marchpole's broker, backed Mr Morris's assertion that the company was improving: "We are confident that Marchpole is well positioned to deliver an improved profit performance from here on in, although we accept investors may seek further evidence of stability in the short term to restore confidence."

Earnings per share fell from 10.2p to 1.2p, while the interim dividend is cut from 1.5p to 1.1p, although Marchpole said it intended to maintain its total pay-out at 3.75p.

While the loss of the YSL contract had a material impact on both sales and profitability, Marchpole argued that it was making good progress in expanding its alternative brands.

Interim turnover excluding YSL rose from £10.1m to £29.9m as Marchpole pushed into Russia, eastern Europe, the Middle East, India and east Asia. Distribution of Emanuel Ungaro and Ungaro Homme in Europe was "encouraging".

Marchpole, whose licence agreements span Lee Cooper and Jean Charles de Castelbajac, said US trading was "extremely difficult". North America saw turnover slide by more than half and the loss widen from £110,000 to £628,000.

Mr Morris said he was confident the company would strengthen its existing brands. "When I took Yves Saint Laurent on 30 years ago . . two people out of 1,000 were aware that Yves Saint Laurent did men's wear. Everybody takes it that Yves-Saint-Laurent do men's wear [today] not because of Yves Saint Laurent but because of what I've achieved."

[momentos] 05/2/2008 11:45

Seems so.

Thing is, to their quants (traders) the Marchpole numbers would look like a wet dream. So the computer programs will say buy, buy, buy. Unfortunately it appears neither the financial models nor the computer programs can deal with the Morris worm (the virus mph.outofyabrains).

[0o0] 05/2/2008 11:37

What is it with Barclays, buy high and sell low?

They have only 2,424,830 shares left to dispose of now.

[momentos] 05/2/2008 11:34

Barclays down again....!

Anyway I am confused by the RNS sequence.









I would put money on Barclays having notified down from 12%. Perhaps the missing FD forgot to tell shareholders. Another reason for action. Take note Marben!!

[sscrabble] 05/2/2008 11:30

I see alexon have offloaded a load of shops today for £1 that were worth £6m on the balance sheet and added a contingency of £3m quid - just shows how moch you can rely on balance sheet valuations !!

[dan de lion] 05/2/2008 09:29

WBJ:-

Nice to hear from you, the plan I told you about worked, I now adequately cover my property capital gains.

[wbjunior] 05/2/2008 08:56

Keeping an eye on proceedings and feeling for all long termer's still holding, not looking to get back in yet. I only have one holding now and that's a punt on pet, but unlike mph I have only a small interest 5% of capital. Information only and not intended as a tip. good luck and best wishes for the future................wbj

[dan de lion] 05/2/2008 05:57

Marben:-

You have to be a member of Motley Fool before the reply form comes up or else you just get the "log On" request.


As a matter of interest:-

I reckon MPH would not have paid out the interim divi if they were in real financial trouble.

[murtceps7] 04/2/2008 22:44

Oh dear....another one bites the dust.....RIP

[momentos] 04/2/2008 19:55

Great song anyway, the video really made me laugh..

[1947jim] 04/2/2008 19:38

Momentos --- Letter from America --- brilliant ..... Yr.You Tube 3758.

[momentos] 04/2/2008 18:36

Right, so jimmy it opened at 24.75p lowest 17.25p. Ignoring spread, that means max gain on a short is 7.5p.

So you shorted 160,000 shares eh (or nearer 250k as you would never have got the full 7.5p).

I think someone is telling ickle porkies.

[mick33] 04/2/2008 17:51

I would guess you are a bigger liar than michael morris himself and thats a big achievement