Mereo Biopharma Share Discussion Threads

[deanroberthunt] 31/8/2006 16:14

didn't make any difference with SER, and that was a 15:1.....no price hike, no narrowing of spread etc. imo

[donk4] 31/8/2006 16:07

pwjustdoit - if your post was in response to mine then the price strictly mathematically should be based on say a middle price of 22 pence "on the day" £1.10. However sometimes the price reflects a higher price than my hypothetical price given the fact that there is less stock in the market. That is why I was wondering if anyone had any general statistics of the effect on consolidation for other shares where consolidation has taken place.

[petersinthemarket] 31/8/2006 15:43

Would it be possible to put a volume chart on the header? Many tks.
PIM

[cosnova] 31/8/2006 15:43

hopefully a minimum of 10% plus on todays price, however it depends if everyone holds on tight to their holdings, could be a lot higher, as always depend on demand,

[pwjustdoit] 31/8/2006 15:36

What price would you think after consolidation ?

[donk4] 31/8/2006 15:23

something for the statisticians. Where there is a consolidation as proposed here, does the price, in real terms, tend to rise or fall post consolidation? What does past evidence in respect of other stocks show (if there is any such record or statistic)?

[cosnova] 31/8/2006 15:08

we now have a buyer wanting 12million shares, happy days!

[brindy] 31/8/2006 15:02

I don't think they mentioned a figure before...

21.5 v 22

2 x 1

[cosnova] 31/8/2006 14:57

Was the 10% buy back figure known?

[nosuchthing] 31/8/2006 14:56

Thanx Argy

[argy2] 31/8/2006 14:53

Already known

[nosuchthing] 31/8/2006 14:48

Is this new news or was it already known ?

[cr4zyness] 31/8/2006 14:30

Notice of AGM

RNS Number:3127I
Marchpole Holdings PLC
31 August 2006



31 August 2006





Marchpole Holdings plc

("Marchpole" or the "Company")



Notice of Annual General Meeting

Proposals for share consolidation and share buy-back





On 18 August 2006, Marchpole despatched its annual report and accounts to
shareholders in respect of the year ended 31 March 2006, together with a notice
of its annual general meeting to be held on 12 September 2006. Copies are
available on the Company's website www.marchpole.com.



Included within the special business for approval at the annual general meeting
are proposals for a share consolidation and a share buy-back.



The proposed share consolidation is on the following basis: every five existing
ordinary shares of 1p each to be consolidated and redesignated as one new
ordinary share of 5p each. Fractional entitlements will be aggregated into
whole shares and sold in the market and net proceeds of sale will be distributed
to shareholders entitled to such fractions. Cheques in respect of the net
proceeds of sale are expected to be despatched by 29 September 2006.



Application will be made to the UK Listing Authority for the new ordinary shares
to be admitted to the Official List and to be admitted to trading on the London
Stock Exchange. It is expected that dealings in the new ordinary shares will
commence on 18 September 2006. Share certificates in respect of the new
ordinary shares are expected to be despatched by 29 September 2006 to those
shareholders who hold their shares in certificated form. Shareholders who hold
their shares in uncertificated form through CREST are expected to have their
CREST accounts adjusted to reflect their entitlement to new ordinary shares on
18 September 2006. Aside from having a different nominal value, the new ordinary
shares will carry the same rights as the existing ordinary shares.



Under the terms of the proposed share buy-back, authority is to be granted to
the Directors to make market purchases of the ordinary shares of up to 10% of
the issued share capital at a price not exceeding 105% of the average market
price over the five previous business days.



Enquiries:

John Harrison, Finance Director 020 7908 7777




This information is provided by RNS
The company news service from the London Stock Exchange
END

NOAUAUSRNBRWOAR

[wbjunior] 31/8/2006 12:58

Dean, I like your projection but after tax profit is historically around 9% so on 60 million we would expect around 5.4 million pounds, 4.06 eps around 5 and a bit p/e ration, still much to low for a growth company, should be on a minimum of 13 x earnings imo, therefore based on your 60 million (which is on the low side imo) revenue the target price should be around 52p. Good luck and regards........wbj

[deanroberthunt] 31/8/2006 12:47

wbj..I reckon 60m easy for this FY with 8m profit, giving a forward pe=3.5!!!! and thats conservative....do the math

rgs

[wbjunior] 31/8/2006 12:15

Thanks Lex it just that the Directors said early July that forward orders stood at 40+ million and I recon most will drop in the first half. Last year the interim revenue was 14.87 million pounds, now anywhere near 40 million and the growth will be staggering (168% growth). That why I think the big buys are coming in anticipation of bumper interim growth and new licence deals ahead...............wbj

[lex1000] 31/8/2006 12:09

31/08/2006 11:52:33 21.899 4000 O 87596.00
31/08/2006 11:48:48 21.925 14953 O 327844.525
31/08/2006 11:39:55 21.899 7500 O 164242.50
31/08/2006 11:08:19 21.899 4500 O 98545.50
31/08/2006 10:26:38 21.70 20000 O 434000.00
31/08/2006 10:16:55 21.649 2240 O 48493.76
31/08/2006 10:06:26 21.675 10000 O 216750.00
31/08/2006 09:17:16 21.35 10713 O 228722.55
31/08/2006 09:12:46 21.35 9202 O 196462.70
31/08/2006 08:02:06 21.149 2317 O 49002.233

[cr4zyness] 31/8/2006 12:05

Totally agree lex, this is not far off a 50% rise again certainly up to 30p

[lex1000] 31/8/2006 12:01

Last chance to buy sub 22p!Lets face it those who were going to sell have long sold.Good firm base of new investors and those bought much higher holding firm.Excellent support @ 20p up until now major resistance @ 22.5p.The whiff of news is in the air.

[lex1000] 31/8/2006 11:59

Mickey makers shouting "BUY MARCHPOLE!" now is "THE TIME" fingers and toes xxd.Marchpole undervalued and has been unloved but this can soon change for those with patience to wait and others to nip in buying the rise.Good volumes.

[lex1000] 31/8/2006 11:53

Because MPH has consolidated for so many months it is within the realms of possibility to have a whoosh factor taking us quickly to 25p-27.5p.We must wait and see.MMs have TODAY sent a very strong signal " BUY MARCHPOLE" now is THE time.....hopefully....fingers xxd........and toes.Tea leaves looked good this morning!

[daza70] 31/8/2006 11:52

moved again!

[lex1000] 31/8/2006 11:50

wbj,always said that leave the number crunching to you guys.Your good self mementos,dan de lion et al.Obviously do look at & consider fundementals but punt my money on how see share trading.Once OB and YSL out of the way as Tufftymatt says Marchpole market will find true valuation.I like forward order book,what company have done in replacing YSL losses and building on global growth strategy.Money invested based on forward share price of 30p-50p.regards lex.