Mereo Biopharma Share Discussion Threads

[dcd] 07/10/2006 12:13

taffee thanks for your thoughts, I think it's getting to the time when it would be wise to get back in. We will see a rise in MPH next week IMO.

[argy2] 06/10/2006 16:29

Can't think why...plenty on 'offer' at 102p on my brokers electronic system...must have been a glitch.

[dan de lion] 06/10/2006 16:17

Had to put the order to market, wouldn`t sell electronically.

[wbjunior] 06/10/2006 16:13

whats that mean dan ?

[dan de lion] 06/10/2006 16:11

Won`t quote me on 5,000.

Got 5,000 @ £1.02!

should show on the plus market in half an hour!

[pugg1ey] 06/10/2006 15:31

sold rest of rtd and added another 10K here (username also pugg1e, I pay for this one!)

[wbjunior] 06/10/2006 15:29

taffee I wish, but here we have a company that will make 6 million plus after tax on a market valuation of around 27 million thats 22.2% return on your investment compared with Ted Baker say 14 million on 200 million market value thats 7%, I know where I would prefer my money to be and remember 6 million is 60% ROCE, so every pound retained in the business is returning 60% markup. The price is silly and soon it must rebound...........wbj

[taffychaff] 06/10/2006 11:50

thought it was profit.............anyway £7-£8 mill plus the possibility of a surprise will do me

[chap1889] 06/10/2006 11:20

DDL - thanks - slight re-rating today from Hardman then.

Taffee - looks like you were referring to NAV rather than profits? got me excited then!

[taffychaff] 06/10/2006 11:15

posted by wbjunior


Morning all
Food for thought

Ted Baker eps 30p, MPH broker forcast 18p factor 1.66
eps ratio TB 17.3, MPH 5.8, factor 3.0
NAV TB 32.4 million, MPH 10.2 million, factor 3.2
Trading on NAV, TB 6.9 times, MPH 2.8 times
Share price TB £4.95, MPH £1.06, factor 4.67

cheap or what.............wbj

[dan de lion] 06/10/2006 11:14

Marchpole Holdings PLC - Detailed Broker Forecasts

2007 Broker Date Rec Pre-tax (£) EPS(p) DPS(p) )
Hardman & Co 05-10-06 None 8.00 20.80 4.00

[chap1889] 06/10/2006 11:09

Taffee - could you point me in the direction of the broker forecast (£10m profits) you refer to pls? Available forecasts remain £7.81m for 03/07 falling to 6.93 for 03/08.

Thanks

[outsourcer] 06/10/2006 10:53

DCD / Taffee do you think the upside for MPH is better than RTD, I have 20,000 RTD shares and am thinking of selling those up prior to the whole buy out going through and investing some in MPH, but with the talk on RTD about more could be happening I am unsure.

[taffychaff] 06/10/2006 09:36

dcd....I think mph bsed on info given is very underpriced.I hold 60000 of these and think there is a chance of doubling or trebling which is why I am holding.Don't forget that there are only 27 mill shares in issue so a bit of buying could see it take off.Broker has forecast £10 mill profits for this year so the current price simply doesn't stack up.

This is a hold...I will not add or sell for the moment.

[dcd] 05/10/2006 19:56

I sold all mine at 23p the day befor we consoildated as i have seen shares go down befor when they consoldate, RTD for one. Would be nice to get back in for £1 which is 20p old money or will it keep going down when and if it breaks the £1, come on taffee your the expert what do you think. Still think MPH is a good company who are makeing money but just unloved, it needs buyers and at what price will they come in £1 or will it need less.

[taffychaff] 05/10/2006 16:35

wb...I trade unloved shares.I remember trading qxl when it was £1-£2..market cap £5 mill......written off,however, I felt it was underpriced and low and behold it had a bid at £7 at which point I sold........the price is now £90!

At some point mph will be rerating and because it is so illiquid(just like qxl actually) it should fly 2 or 3 times higher...or more

[wbjunior] 05/10/2006 16:23

taffee
The only unknown now is the Boateng final chapter that takes place in November and I have been led to believe by a shareholder who holds over 1 million shares that this is mere formality now and to expect punitive damages to be awarded, also that more licence deals/ acquisitions are in the pipe line, good luck.........wbj

PS
Page 43 of the Financial Accounts no 20 Contingent Liabilities states that the trustee responsible for the babkruptcy of Castlebajac Italy have entered a spurious claim for 2.5 millions euro's, hope this comes to nothing...........lol

[taffychaff] 05/10/2006 16:12

very illiquid now just 27 million shares in issue...bit of buying and it should fly.........assuming everything we have been told is true.

[groats118] 05/10/2006 16:12

I agree WBJ, the market will have to reflect earnings soon. I have just added another 6000 @ 102.5 (20.5p in old terms). I really think they are trying a big shake out before the news. I know you can never be to confident but this is ridiculously undervalued. Just look back at all the Directors Dealings over the past months and you can see people (directors) somewhere are very confident!

[wbjunior] 05/10/2006 16:08

plus markets
05/10/2006 15:15:49 104.00 2,452 O 2,550.08
05/10/2006 14:45:39 102.00 1,282 O 1,307.64
05/10/2006 14:19:14 102.00 13,000 O 13,260.00
05/10/2006 14:03:53 104.50 2,500 O 2,612.50
05/10/2006 13:52:19 102.00 2,916 O 2,974.32
Relax enjoy the market giving us all more opportunities to top up............wbj

[wbjunior] 05/10/2006 16:03

Fozzie, it will reflect earnings at some stage, just a matter of time, use the lower price to add to your holdings. Look at it this way, the company will make around 6 million after tax and the company is valued at around 28 million pounds thats a return of 21% for anyone thinking of buying the shooting match lock stock and barrel. Exceptionally high ROCE and I believe an intrinsic market value of around 85 million pounds, so a great margin of safty, holding firm and adding when funds permit...................wbj

[taffychaff] 05/10/2006 16:03

difference is that now they make money and will buy their shares back

[fozzie] 05/10/2006 15:49

Nearing 20p again in old money. Will this ever re rate itself? I have my doubts. I have held for nearly 4 years and am down about 6k on my total investment. Sods law says i sell and it goes whooosh but i am sorely tempted. This might just end up being one of those shares that remains unloved and misunderstood.

[argy2] 05/10/2006 15:48

Look on the bright side....could soon be tipped in some of the Penny Share Newsletters!