Mereo Biopharma Share Discussion Threads

[taffee] 06/8/2008 09:22

momentos...you're on a reserching roll this morning :-)

[momentos] 06/8/2008 09:20

Atlas Design to be Europe's leading
fashion house in accessories 'hip and up'

Atlas Design AB and the Sixth Swedish National Pension Fund have entered into a long-term partnership in which the Sixth Swedish National Pension Fund will acquire a 24.5 percent holding in the family-owned Atlas Design via a new issue of shares. This is intended to lead to Atlas Design becoming Europe's leading fashion house in accessories 'hip and up'. The goal is a turnover of SEK 1.5 billion within five years. (c GBP 125m)

Atlas Design is currently one of Sweden's leading brands in accessories, neck ties and shirts for men and women. The company aims to continue to expand in the European market. This expansion will be brought about through both organic growth and acquisitions.

"In our estimation, Atlas Design has excellent prospects for taking market share both in Sweden and abroad. The company is well-run, the brand Atlas Design is strong and manufacturing under license well established and the company has a solid reputation," says Mats Augurell, responsible for AP Partner Investments, Sixth Swedish National Pension Fund.

Its vision is to become Europe's strongest fashion house for accessories 'hip and up' – for men and women. The focus will be on four divisions: Atlas Design's own brands (Atlas Design and Guthrie & Valentine), brands under license (Joop!, Bugatti and Tiger of Sweden), private labels and a verticalization aimed at strengthening the company's own brands.

[momentos] 06/8/2008 09:16

Atlas Design UK contacts:

Atlas Design UK Ltd (Office and Showroom)
Marchpole Building (3rd Floor)
19-20 Berners Street
London W1T 3LW

Phone: [phone]
Fax: [phone]



Methinks they may eventually acquire, definite synergies.

[momentos] 06/8/2008 09:13

Founded in 1943 with headoffice in Gothenburg, Sweden, Atlas Design Group is a family owned company specializing in men's and women's accessories. Along shirts and ties, Atlas Design produces and distributes underwear and nightwear. Our strong company foundation is held together with a strong brand DNA where passion, tradition, knowledge and premium quality marks the cornerstones of our company.

Atlas Design has affiliates in Denmark, England and Germany, as well as an office in Como, Italy, that focuses on product development.

A unique combination of sound customer relations and strong creative drive has made Atlas Design one of the leading accessories companies in Europe.

Atlas Design plan to become Europe's leading fashion house for accessories "hip and up" for men and women.

[wbjunior] 06/8/2008 09:12

Dan will stay on the side line and watch for the present, good luck everyone....................wbj

[momentos] 06/8/2008 09:05

DKNY notes from LVMH annual report:

With a stronger management, a coherent strategy and an optimized organization, Donna Karan turned in a very dynamic performance last year, marked by solid improvements. The brand capitalized on the strength of its designs and its stylistic orientation deliberately based on the values that have made it a cult fashion brand in the United States.

Throughout the year, Donna Karan enjoyed remarkable coverage from the international press, which drove demand for all its products.
The deployment of the Donna Karan Gold and Icons collections in the luxury Collection line generated significant growth. In its exclusive boutiques, Donna Karan recorded double digit revenue growth in dollars. The DKNY ready-to-wear products increased their retail success, which should leave solid growth in orders for the coming seasons.

[dan de lion] 06/8/2008 08:10

Don`t forget there is another £1.7 million that has come in in this first half, straight thro` to the bottom line!

WBJ are you considering throwing your hat back into the ring?

[taffee] 06/8/2008 08:07

bought £500 worth on t+20 yesterday at 9.3p...put order in for £1000 worth this am....nothing happened for ages so I cancelled and the price went up!

[hyper al] 06/8/2008 08:04

I wish I had spent the cash I had yesterday on these

[dan de lion] 06/8/2008 08:01

We are lucky that the entire firm hasn`t been stolen from under our noses at a bargain price.

[taffee] 06/8/2008 07:53

momentos..what's your view..good or bad

[hyper al] 06/8/2008 06:59

Anyone who got in at yesterdays low, is going to do very well.

Looks like a buy, but I can't as I don't have the cash.

Good luck

IMHO

[cosnova] 06/8/2008 06:35

great news can't see this company going bust, which it is currently priced for!

[taffee] 06/8/2008 06:33

reckon this is a buy now

[argy2] 06/8/2008 06:23

Couple of interesting deals today.

[taffee] 06/8/2008 06:22

fundraising looks good to me and the board appointments a big positive.

market cap on marchpole is plain stupid now

[dan de lion] 05/8/2008 23:20

Could anybody?

[eagle eye3] 05/8/2008 16:44

can they last a 4 year slump or not is the question

[taffee] 05/8/2008 14:45

maybe not but at this looney valuation,its gonna be bought by management or competitor

20p short term

[master rsi] 05/8/2008 14:45

And as expected on the UP now as WINS was playing games earlier going into the offer 10.50p, and now is at 10p bid with SCAP.

Level 2 is
2 at bid for 1 at offer

[momentos] 05/8/2008 14:28

Greenmark turnover is stated as 22m.

From Geographical info we can therefore infer sales of:

Greenmark - 22m (24m)
UK Apparel Ungaro / Boateng / JCC - 11.5m (75m)
US Sales (Ungaro / JCC) - 4.8m (8.5m)
ROW Ungaro / JCC - 3.6m (6.0m)
Licensing - 2.9m (1.5m)

AS can be seen, the UK apparel sales are running at 11.5m, vs an YSL average of 30-35m.

No segment of the business seems profitable.

[momentos] 05/8/2008 14:15

BTW the 2007 accounts were re-stated to remove the "Fair value of net assets acquired in excess of fair value of purchase consideration" of 2.124m in respect of Greenmark.

This reduced the EPS from 23p down to 15.3p. This practice also bumped the Moda America acquisition year up too.

So, basically, Morris got a 750k bonus for a duff deal!

Note 21:

"In accordance with IFRS 3: Business Combinations the fair value of net assets acquired and consideration paid have been restated to reflect the final values with the main difference being a change in customer relationships from £8,000,000 to £2,000,000 and the related deferred tax liability decreasing from £2,400,000 to £600,000. The constitution of the customer base of Greenmark Limited has changed substantially from that at the date of acquisition and it was therefore necessary to review the value place upon the customer relationships. As a result the fair value of net assets acquired in excess of the fair value of purchase consideration recognised in the income statement in the prior year has been restated from £2,124,000 to zero and goodwill of £2,128,000 has been recognised. As a result of the change in the customer relationships intangible asset, amortisation of the asset in the year ended 31 March 2007 has reduced by £100,000 from the previously published results with a corresponding reduction to the deferred tax credit in the period of £30,000."