Mereo Biopharma Share Discussion Threads

[markycrispy] 04/9/2006 13:48

Damn and nabit !

[brindy] 04/9/2006 12:46

Couple of weeks ago!! You missed it !

[markycrispy] 04/9/2006 12:35

Oh I bought mine last week.When was the qualifying date !!!!

[brindy] 04/9/2006 11:49

Divi due 14 Sept

[dirtysteve] 04/9/2006 11:46

Did these go ex div recently? Has anyone recieved the dididend yet?

[markycrispy] 04/9/2006 10:15

MMMM ! I like this share. Fingers crossed for 30p this month.

[lex1000] 04/9/2006 09:10

^ Tick up ^. Happy days. ;o)

[dcd] 04/9/2006 09:07

L2 1x2 bid moved up to 23p

[lex1000] 04/9/2006 09:01

Good morning everyone, 25p next stop.My prediction see MPH move to 25p-27.5p.Watch profit taking at resistances as move up.Initial target 30p or 150p in new money.

[brindy] 04/9/2006 08:40

Morning all

I missed the rise on Friday as I was out all day - lets hope it continues.....

[wbjunior] 04/9/2006 08:26

Barry, great to have you back on board I believe now is the time to invest imo. The YSL licence is dead and buried imho but I am convinced that the other labels and licences ( read back threads and rns's) will more than compensate. Early July the company stated that the forward orders stood at 40 million plus so that gives an indication of whats ahead plus the Director buys of the last six weeks only adds to the future possibilities. Have to fly picking up grandchild for the morning I will fill you in with detail later, best wishes and good luck...................wbj

[barryrog] 03/9/2006 22:53

wbj,
great to hear from you, thnks for your message.
(i still hold 50% of my SEY bought at 6p, sold the others @ 30p - not bad eh?).
re joining the party, whats your detailed research telling you on the impact of losing the YSL.
regards to your family.

[cockneyrebel] 03/9/2006 22:08

Simon Wies could be someone lock up in Broadmore for all anyones knows and if he's buying EKT he probably is.

CR

[Abuse team] 03/9/2006 21:47

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[Abuse team] 03/9/2006 21:47

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[dcd] 03/9/2006 21:19

topvest. Rule of thumb is you need £350.000 working capitial for every 1 million pounds sales. If that helps you.

[nardelli] 03/9/2006 19:53

more people buy fancy clothes, don't want to look skint do you.

[phuckerty] 03/9/2006 17:00

People with plenty of wedge

[carver66] 03/9/2006 16:44

When the recession hits - who is going to be buying fancy clothes?

[topvest] 03/9/2006 15:27

DCD - I might not be a clothing expert, but I do know that company's that don't convert profits into cash for long periods, like Marpole, sometimes have a problem (e.g. Sanctuary Music and many others). Not suggesting that is the case here, but it doesn't look great does it from a cash generation perspective. If you don't believe me then look at operating profit and compare it to operating cash flow for the last 2 years:

2006 - Operating Profit £5,465k vs. Operating cash outflow (£4,225k)

2005 - Operating Profit £5,133k vs. Operating cash outflow (£2,736k)

The "gap" or investment in working capital is c£17m.

Maybe it's just investment in working capital in a growing business, but looking at the size of debtors versus turnover, it suggests the credit periods are either very long or some of their customers don't pay on time. Probably a bit of both, but the cash outflows will need to reverse eventually. Maybe they will this year though!

On the + side directors have been buying and there are some heavy hitters on the board - I suspect they know what they are doing. Not one for me at the moment, but will keep a watch.

[dcd] 03/9/2006 14:28

Yes normal to give 90 to 120 days credit in the rag trade. As long as you know they can pay, and i would think or hope MPH have credit insurance, then the name of the game is to load them up with as much stock as you can then wait for your money. To do this you have to have a very good margin on what you are selling them as it can cost you in interest payments at the bank. MPH have been around long enough to know how the game works. Unlike topvest.

[cockneyrebel] 03/9/2006 13:49

I'm pretty sure they won't keep YSL but the directors seem very confident that what's in place now has enough to replace it with those director buys. What's more they come with a month left in this financial year and 2 months to the results so they must have a good idea now.

Also, just for the record, YSL contract comes to a close at the end of 2006 as metex says but MPH have a six months sell through agreement allowing them to sell off YSL stock till mid 2007. There's a bit of a last hurrah for MPH there because it means they are selling off the last of the YSL without having to spend to replace that stock of YSL which means compared to H2 this year H1 next year has a decent extra to help boost the performance of that half imo.

CR