Mereo Biopharma Share Discussion Threads

[cockneyrebel] 02/5/2008 10:29

Something going on here by the look of it, high volume a few days back, Credit Ag announcing 3% and chart breaking out.

Time for me to become a buyer again :-)

CR

[master rsi] 02/5/2008 09:45

Buyers are back and the share price is showing that today again

3 month candlestick with volume

[dan de lion] 02/5/2008 07:39

Payment of £137,500 due from from Boateng in this financial year plus no royalties to be payed on the Boateng range for the next three years, should help the bottom line going forward.

[tibibar] 02/5/2008 06:37

Master RSI

Good find and the future looks more promising.

Tibibar

[master rsi] 01/5/2008 18:09

By the way they are commenting the worse is over.

[master rsi] 01/5/2008 18:03

HARDMAN report for MAY 08

MARCHPOLE
Fashion group Marchpole will report a loss for the year to March 2008, but since hitting a low point last Autumn, events have been moving in the company's favour.

A new sourcing arrangement for shoe subsidiary Greenmark has reduced costs and helped win important new work with a major UK retailer.
The problems caused by late payments from another shoe customer are being gradually resolved and lossmaking business in the US has been abandoned.
In short, the p & l account is being cleaned up and there should be a return to profit in y/e March 2009. Most important of all, the level of indebtedness appears to have been falling significantly.

We hope to produce a new research note, with new estimates, shortly.

[master rsi] 01/5/2008 15:16

The third day on a row moving higher late on the afternoon

[master rsi] 01/5/2008 12:39

For those with some cash and want to make still more

Clothing is out of fashion this days, but OIL stocks are well Uptrend, a little gem is IVE, doing well all week, bought last Friday and I selected her at "UPS" thread on Sunday.
Keep rising today as the seller is gone late this morning, enormous volume for the last 3 days after a BREAKOUT and good news.

[0o0] 01/5/2008 12:21

Refusing to pay your Lawyer's Bill does sound a tad risky. Morris must be absolutely sure of his position, or very short of cash.

[remynapoleon] 01/5/2008 09:08

It appears a company of solicitors is going to take MPH to Court.

Taylor Wessing are trying to collect c. £209,000 plus c. £22,000 interest relating to the Greenmark acquistion.

Our company does seem to like litigation.

remynapoleon

[momentos] 30/4/2008 15:41

And now for something completely different...



Nice Logo.

[master rsi] 30/4/2008 15:16

With the thread being busy earlier, the price has gone up on the offer not so long ago

the guilty party
--- Date -- Time -- Price Volume Type Consider
30/04/2008 16:07:15 17.95 12,000 O 2,154.00

[master rsi] 30/4/2008 13:50

cielos

re - HOW TO GRACEFULLY REMOVE EGG FROM YOUR FACE
Thanks for your input, I do not know how much is directed to my behavior but I will take notice in the future.

It has been a hard time for me, on trying to make some sense on the sales front to the "host" ( well anty MPH for some time now ) you say that the shares are well undervalued, specially on the sales comparision and Hardman pointed out aswell on the last report.

Not out of the woods yet on the profit forecast front, but at least the month to month future profits is much better it seems

Enjoy you punt (or investment) on the stock and lets hoppe they get out of this low point soon and share price appreciate accordingly

Figures
Market cap £4.83M now, much less when I did suggested it was £3.50M
Forecast Sales of £67.90M
and last Year profit of £8M

[0o0] 30/4/2008 13:49

It's about time Hardman released the research note that they said was imminent in their February 'Hardman & Co Monthly', their latest research note on Marchpole is still July 2007.

[up the antti] 30/4/2008 13:44

I have to say I would be surprised if Hardman had allowed a simple, but important, typo to go through. Unfortunate choice of words though.

[momentos] 30/4/2008 13:27

There is no typo in the Hardman report, to suggest otherwise is wishful thinking.

Hardman make two statements:

Sales at 25% of Peak - 25% of HY 52m = 13m.
Mcap at 15% of sales - 4.5m scaled up is 30m FY ie 15m HY.

This is the range they are suggesting.

There you go, I have done the "hard work" for you.

[master rsi] 30/4/2008 13:19

no problem, if just some people could apreciate some hard work I have put into this share since reaching the bottom

[tibibar] 30/4/2008 12:29

Master RSI

Thanks for helping me out on this. As Up the Antti says, the evidence seems to point to Hardman having made a typing error and they should have said "turnover running at 25% "off" its peak". This being so, I am much happier with a forecast of £67.90M.

Many thanks

Tibibar

[up the antti] 30/4/2008 12:10

Hardman said 'turnover running at 25% of it's peak'. Was that a simple typing error or not?

[master rsi] 30/4/2008 12:07

Tibibar

yes got you figures, but you should not do it this way

Interim sales £29.85M : Last year sales £90.53M = 32.97%

[master rsi] 30/4/2008 11:59

Tibibar

re - when turnover was reported to be £29.85m, or 32.97%

not so sure how you reach the 32.97%, most likely from the full year, but the there is much higher sales at 2 half and that distort the figures ( porcentages )

[master rsi] 30/4/2008 11:52

Tibibar

re - "turnover is 25% of its peak"
re - Anyone have any thoughts on how they arrive at their figure?

My calculations are that at the Interim stage their sales were 22.66% down so I suspect that Hardman expects for the full YEAR to be yet again much lower at the 2 Half to give a total of 25% for the full year.

explanation with figures below

1 Half sales
Sep 06 £38.60M minus
Sep 07 £28.85M = -£8.75M or 22.66%

Forecast next 2 Half
March 07 £51.93M minus
March 08 £38.05M = -£13.88M or 26.72%

Forecast for full Year sales
1 H Sep 07 £28.85M
2 H Mar 08 £38.05M
Full Year £68.04M

Sales Year 07 £90.53M
Sales Year 08 £67.90M
short on 08 -£22.63M or 25%

[tibibar] 30/4/2008 11:00

I note that Hardman have stated that "turnover is 25% of its peak" and I am trying to get my head around how they have arrived at this figure?!

The most recent published information is for the half year ended 30 September 2007, when turnover was reported to be £29.85m, or 32.97% of its peak for the full year ended 31 March 2007. So, how do they arrive at their figure of 25%?

Anyone have any thoughts on how they arrive at their figure? Surely MPH are not going to tell us they have lost part of the turnover reported in the first half!!!

Many thanks and apologies if I am being thick!

Tibibar