Mereo Biopharma Share Discussion Threads

[brindy] 25/8/2006 10:15

I hold shares in 3 different accounts - and they are all divisible by 5 !!

[momentos] 25/8/2006 10:13

See pp68 on, some important stuff there....

[momentos] 25/8/2006 10:11

Erm, important news...:

1 Resolution 7: Consolidation of shares
Resolution 7 implements the consolidation of shares. It is proposed that every 5 existing Ordinary Shares of 1p each be consolidated and redesignated as 1 new Ordinary Share of 5p each. The Directors consider it desirable to consolidate
the ordinary shares of the Company as this should reduce volatility in the share price, thereby enabling a more consistent valuation for the Company. At the levels at which the shares have traded over recent years, small absolute
movements in the share price represent large percentage movements resulting in considerable volatility.
If approved the consolidation will result in shareholders exchanging 5 existing ordinary shares for 1 new ordinary share. As explained below, such a consolidation would not affect the rights currently enjoyed by Shareholders, nor
would it materially affect the proportion of the issued share capital that they hold in the Company. Unless your holding of Ordinary Shares is exactly divisible by 5, you will be left with a fractional entitlement to the
redesignated new Ordinary Shares. These fractional entitlements will be aggregated into whole shares and sold in the market and, in accordance with the Company's articles of association, net proceeds of sale will be distributed to the shareholders entitled to such fractions. Cheques in respect of the proceeds of sale are expected to be despatched by 29 September 2006.

[momentos] 25/8/2006 10:00

Michael Morris 25,821,715 18.98
Michael Morris 1997 Trustees* 9,800,000 7.20
Individuals & Private Clients 8,575,737 6.30
Rathbone Investment Management 7,100,000 5.22
M. Jean-Charles de Castelbajac 6,828,841 5.02
Goldman Sachs 6,301,895 4.63
Barclays Stockbrokers Limited 6,227,812 4.58
Squaregain 5,938,675 4.37
Gartmore Investment Management 5,649,198 4.15
Santa Lina SA 5,000,000 3.68
Man Financial Limited 4,878,952 3.59
Waterhouse Securities 4,109,455 3.02

[momentos] 25/8/2006 09:59

"The directors consider the business model to have a low risk. The key components of financial risk are credit risk, currency risk, and cash flow risk. Credit risk is mitigated by accepting only the major retailers in each country as customers, and obtaining credit insurance for all sales. Only when sales orders have been contracted are purchase orders placed with reputable manufacturers thus giving the group a forward view of at least six month's revenues at any time, and limiting the risk of inventory being left with the group. This forward order book also enables the group to manage its forward cash flow proactively, and to use bank import loan and invoice finance facilities to minimise cash exposures. The foreign exchange risk inherent in the purchase order is hedged with forward foreign exchange contracts to lock in the bulk of the cost (see note 15)."

[brindy] 25/8/2006 09:38

Lol !! Wish it was !

I received the accounts on Wed......haven't had chance to study them yet.

[momentos] 25/8/2006 09:36

R & A was out Tuesday

[lex1000] 25/8/2006 09:36

That's more like it.Brindy buying again!

[lex1000] 25/8/2006 08:44

wbj,as you know going forward am bullish MPH.Leave it to you guys to do the number crunching.MPH should produce some impressive figures.Like to see closure on ysl & ob and business move forward.Commented on some chunky individual trades been going through lately including what appeared over 1m rollover.The good news strong support @ 20p and MPH pays a dividend.

[wbjunior] 25/8/2006 08:30

Consolidation of the shares 5 for one will bring the shares in issue down to around 27 million and the eps based on 3.6p for year to 18p. I believe the earnings per share after consolidation will be 20p + for the full year so based on a p/r of only 10 give £2.00 imho..............wbj

[wbjunior] 25/8/2006 08:26

Penpoint AGM at 11 0 clock on 12th September ar Marchpole House 19-20 Berners Street London
Lex you are sure right about patience on this one, but as I have said so many times the price must reflect the present earnings/ potential growth sooner or later, if dan de lion is anywhere near with his 40 million revenue for the interims the earnings per share should be more than the full year figure................................wbj

[cr4zyness] 25/8/2006 08:13

700,000 buy gone thru

[lex1000] 25/8/2006 07:36

Impressive six months consolidation on 20p support.Don't know how much longer to wait,sure as one can be that investors reap rewards here.My bet a swift 10%-30% rise. Patience,patience,patience.

[lex1000] 24/8/2006 21:25

Was hoping for trading update to give kick start to share price moving northwards.

Already told YSL will terminate end of 2006 & OB dispute will be settled later in year.Expecting share price to fall on news and hope that MPH will have good news to release to offset any share price weakness.

Know when OB hits news again shall be muttering bloody OB & MM.

Tufftymatt has hit nail on head,once YSL issue out of the way share price will truly reflect business value.Renewal of YSL highly unlikely but IF were to against all the odds 14m:1 lottery win,50p share price guaranteed!

Interesting share volumes certain days of late.

Will all be behind us at start of new year 2007 when expecting share price to be trading upwards of 30p+.

More patience required and knowledge of improved percentage divis when trading 30p-50p!


Yves Saint Laurent

Since the acquisition of Yves Saint Laurent by Gucci seven years ago the House
policy has been not to renew licencing agreements nor to grant new ones. This
means that the relationship between Marchpole and Yves Saint Laurent, which has
been in existence for more than 30 years, will terminate at the end of 2006.

Boateng

Despite the ongoing dispute with Bespoke Couture, the Company owned and run by
Ozwald Boateng, Marchpole has continued to develop and sell the Boateng
collection and our commitment to the brand remains unaltered.

It is anticipated that the dispute will be settled by the Court of Appeal later
this year and the Company remains confident of a satisfactory outcome.

[lex1000] 24/8/2006 21:15

Impressive support @ 20p!Got the dividend just need the growth share to kick in.

[pugg1e] 24/8/2006 18:58

get over 2% return from final divi if you bought around 20p!

[deanroberthunt] 24/8/2006 16:09

the Marchpole 0% interest account.

[deanroberthunt] 24/8/2006 15:34

its definitely a stock for the patient this one.......and I'm not sure if thats the virtuous or mental type.....hohum.

[wbjunior] 24/8/2006 12:34

Thanks guys very quiet day so far , perhaps this afternoon will see some action........holding firm.......wbj

[brindy] 24/8/2006 09:40

wbjunior - 24 Aug'06 - 08:07 - 771 of 774

" I will spend an hour now looking back over the thread for the last couple of weeks to see if anyone has been having a go at me.."

I just spent an hour removing all my posts !!

Welcome back WBJ !

[chap1889] 24/8/2006 09:10

08:06 L2 1v3
08:07 wbjunior announces he is back on line
08:09 L2 2v2
08:12 L2 3v1

Coincidence? I think not ;-)

[wbjunior] 24/8/2006 09:08

Thanks cr4zy, where is everyone seems to have gone quiet in my absence, have to get some shift in price to get interested parties back on the thread...................off for swim........................wbj

[cr4zyness] 24/8/2006 08:41

Welcome back WBJ ;)