Mereo Biopharma Share Discussion Threads

[petersinthemarket] 06/11/2006 18:52

Results due 15 Nov.

Stock market lore says ''buy on the rumour, sell on the news''.

Presumably that implies buy during the next couple of weeks and sell on the interim announcement.

What do others think?
PIM

[dan de lion] 06/11/2006 18:05

Can`t be many shares out there with the potential of MPH.

[wbjunior] 06/11/2006 17:42

Kneath
Sorry I have no experience of day trading , hopefully someone on the thread with more experience in that area will come forward with some advice for you...............wbj

Roll on tomorrow hopefully move forward or at least consolidate the gain today

[peab1] 06/11/2006 16:51

Thanks WBJ. Have read II by BG, an excellent read.

[kneath] 06/11/2006 16:48

wbj: Would you be able to recommend an authoritative book on day-trading?

[wbjunior] 06/11/2006 16:28

peab1
Assuming at p/e ratio of 10 and eps this year of 20p you arrive at £2.00 and thats on the prudent side imho.
What I have used is a two stage discounted cashflow model, the first stage assumes growth of 15% and a discount rate of 8% and the second stage drops to 3% growth thereafter. If you want more information on company valuation methods I would recommend you read The Warren Buffett Way by Robert G. Hagstrom,JR and also the Intellegent Investor by Benjamin Graham both well worth the read.
Verulamium welcome back on board, good luck........wbj

[kneath] 06/11/2006 16:27

Ver. Correction - that was meant to say good self, but you may accept the former if preferred!

[kneath] 06/11/2006 16:25

Ver. Always glad to welcome the optimists back. If its any consolation, I bought my first batch at 26p olde cash. averaging out now at 22p. U see theres always someone worse off than yourgod self.

[verulamium] 06/11/2006 16:18

Back in for the first time in ages - that should stop the rise in its tracks!!

[peab1] 06/11/2006 16:14

WBJ - I would be interested to know how you come to an intrinsic value of 200pps? TIA.

[wbjunior] 06/11/2006 16:12

Still only around 22p before the consolidation, miles more to come imho. Should be in excess of £2.00 per share and that would still be at a discount to the intrinsic value by some. Its been a rough ride but the risk reward ratio has always been in our favour, the hard part was ignoring Mr Market and trusting the valuation arrived at by computation. Good investing everyone still holding, still waiting for the real icing to come............wbj

[gashy] 06/11/2006 15:20

From Robbie Burns:

Good moves too for Marchpole which looks on the march before results due next week - a court case win this week has helped the shares higher today

[argy2] 06/11/2006 15:05

zico01

lol

[dramatis] 06/11/2006 14:57

lex
think you're right. 125p coming v.soon

[zico01] 06/11/2006 14:49

150000 A @ 230p

[lex1000] 06/11/2006 14:41

YSL is one main issue which has held share price back.Everyone knows and appreciates that. If MPH can demonstate in hard cash that loss of YSL revenues fully replaced then MPH is worth 250p a share.

What a bloody good support 100p has proven to have been.Always,always money to be made from 100p.Simple consistent message Buy @ support.Anyone buying recently up 8% today. MPH gotta be worth 125p at the very least! Long term bull.Actual Trading figures including YSL should make for very good reading.One off costs of course.Target 125p-150p.aimvho.

[gumberr] 06/11/2006 13:52

and a takeover of £2+ would do nicely!

[daza70] 06/11/2006 13:38

i have 50000 now - not selling till we see 150

[taffychaff] 06/11/2006 13:29

27 million shares in issue.....morris has almost 20% I think....not sure about institutions.

I have 35,000!

[pwjustdoit] 06/11/2006 13:24

What is the licuidatey of the shares ,how many free floating.

[lex1000] 06/11/2006 12:51

Very pleasantly surprised.Keeping the faith.All you need is humour and justified optimism. Moving north! Resistances major @ 112.5p and 125p both there to crack.Breakout and hold above 125p (needing concrete news re:trading & revenues replace YSL) whenever it happens will bring in the buyers.S=100p R=112.5p & 125p.

wbjunior - 4 Nov'06 - 14:23 - 1537 of 1574

lol, well someone said we needed some humour........have a good weekend, looking forward to some movement north next week...............wbj

[daverw] 06/11/2006 12:46

I reckon that's 73,000 on the Plus Market all buys.

[deanroberthunt] 06/11/2006 12:33

Nice to get one of the skeletons out the way before results............

[gumberr] 06/11/2006 12:21

tuftymatt -peeps make the same comments like you have year on year and MARCHPOLE always deliver the goods in my view -I respect your opinion however!
Imho with the orders they have and profit the price no where reflect the progress.
Around £1.50 is about right!

[tuftymatt] 06/11/2006 12:13

GUMBERR,

I feel the share price reflects a fair value of what we know to be fact.

The company are saying the kind of things in their RNS's that SHOULD prove to be very good news for holders but to date cannot be certain. As I posted the results SHOULD make things more clear and then expect a rise if they do.