Mereo Biopharma Share Discussion Threads

[oldvic] 04/5/2020 08:30

bit of interest today

[master rsi] 04/5/2020 07:59

Is going to go places today, from the start of the day is all buys

[stopstopgo] 02/5/2020 17:34

It would be best if posters on this board do not confuse ticker MPH and ticker MREO.
MPH is for ordinary shares of the company bought/sold in GB pence. MREO is for American Depository Shares bought sold in USD with each ADS representing 5 ordinary shares in MPH.

To work out the cost in pence for one MPH share if you know the price in dollars for one MREO ADS, you do the following.

1) Use the GBP:USD exchange rate to work out the cost of the MREO in pence.
2) Divide by 5.

So on May 1st, the volume weighted average price was almost exactly $1.20 (which was pretty much the last trade price). The GBP:USD rate was 1.25. So the MREO price expressed in pence was ----- 1.20/1.25 = 0.96 pounds or 96p.
and the cost of one of the shares in the 5 shares comprising the ADS was ----- 96/5 = 19.2 pence.

The share price for MPH on that day 20-22 bid/offer.

You would have paid more in the UK for your MPH shares than if you'd bought them through the American ADS.

The number of shares traded vis MREO is far far larger that those traded via MPH.
The US is the major marketplace. In the UK the market makers consistently take us for a ride.

There was an RNS on 24th April 2019 explaining the relationship between MREO and MPH shares.

[the stigologist] 01/5/2020 14:12

here for your next pump and dump dave ?

still living off your Topinfo hatred because he is a better pump and dumper operator than you ?

[dave4545] 01/5/2020 13:24

Nasdaq price still comfortable higher than UK price

20-23...Nasadaq 1.07-1.1

We are 20-22p now Nsadaq around 1.25-1.4

[the stigologist] 30/4/2020 23:24

Maybe Woodford isn't selling there lolz

[master rsi] 30/4/2020 23:07

Up on the US by 14%

[leedslad001] 28/4/2020 13:53

That's me done holding complete see you all in 18 months stay safe

[leedslad001] 28/4/2020 09:08

Another 20050 for me

[leedslad001] 28/4/2020 07:09

More of the traders from couple weeks back selling out for a loss i will have them at 20p please just need to pick up another 30k shares then that's me full

[leedslad001] 27/4/2020 16:47

I would say the 75000 is a sale worked through the day

[bumpa33] 27/4/2020 14:51

🤦🏼‍♂️.

[leedslad001] 27/4/2020 14:49

Must be a seller in the background

[leedslad001] 27/4/2020 08:34

Strange trade prices today

[showmethemoneyhoney01] 25/4/2020 10:23

Those funds invested in here and DDDD for a reason. Small Pharma's with huge potential even if they get just one product to market.

[avsome1968] 24/4/2020 18:17

I managed a small top up, have a lovely weekend guys/// AV

[oapknob1] 24/4/2020 14:42

Not moved. Just been playing with the spread.

[master rsi] 24/4/2020 14:39

The few buys managed to get the price Up at least

[leedslad001] 24/4/2020 12:07

Can't see sub 20 p now so bit the bullet and paid 23p still happy

[dave4545] 23/4/2020 19:46

Yeah last week.

Mph bid 21.8p online Nasdaq price 1.1

Now 20.26p online Nasdaq price around 1.3-1.4

Hardly seems fair

[dave4545] 23/4/2020 16:13

Dropped the bid today to 18p to make a whopping 5p spread

But online the bid has remained around 20.26p, to encourage people to sell thinking they are getting a good price next to 18p showing on the monitor.

[oapknob1] 22/4/2020 21:55

Wasn't a question just an observation when I looked at NASDAQ share price at the time.