Mereo Biopharma Share Discussion Threads

[daza70] 15/11/2006 08:36

1 v 1 - looks like another move up shortly

[momentos] 15/11/2006 08:34

DRH - Mcap / turnover ar really not that related. It depends completely on the nature of the business. Woolies for eg has mcap of 550k on turnover of 2.5billion. Margins are more the issue!

[momentos] 15/11/2006 08:29

Yes.

Plus markets hitting 100k to 8:12 (15 Min delay) mostly buys. So over 200k traded at least so far (1m in old count!)

[deanroberthunt] 15/11/2006 08:28

this was always going to be re-rated at some point, the market in this case just needed a huge amount of convincing, but now the figures spaek for themselves....another hugely undervalued company just starting a similar re-rating is COST. 1bn+ turnover on an MCAP of 200m!!!

[ribton] 15/11/2006 08:27

Great results but as momentos says, still at old money, market needs to wake up

[wbjunior] 15/11/2006 08:26

Yep 130 at least before the excitement starts.wbj

[cr4zyness] 15/11/2006 08:26

Momentus,

I cannot believe I picked up £5000 at 119.44 or 23.88p in old money, this has got to be upgraded dont you think?

[momentos] 15/11/2006 08:25

Still only at 24p old money. break through 130 and we are off...

[cr4zyness] 15/11/2006 08:19

Corrientes,

I think now with these results they have proved last year was not a fluke, onwards to £2+

[skintvestor] 15/11/2006 08:17

Wow!!! Lift off.

[corrientes] 15/11/2006 08:15

Punters are always nervous of this stock because of its history so they look but don't see. That's an opportunity in my books.

[cr4zyness] 15/11/2006 08:12

I have just managed to get another £5000 at 119.55 this is seriously undervalued!

[wbjunior] 15/11/2006 08:07

wheres Lex?, looks like you called it right my friend, good luck.................wbj

[gashy] 15/11/2006 08:03

Looks like they are short of stock

[skintvestor] 15/11/2006 08:02

Looks like they can`t hold this share price back any longer!!!!!

[momentos] 15/11/2006 08:01

very nice.

YSL is perhaps 25-30m all in so effects are now substantially diluted.

Good news.

[deanroberthunt] 15/11/2006 07:52

look at the fundies, curremtly sitting at FY 38m, 5m pbt MCAP 30m....we're now looking at ney on double that!!! so MCAP still 30m??

[wbjunior] 15/11/2006 07:50

Ungaro in 750 stores in the USA kind of swamps the YSL presence in the UK, now add the growth over the next year and I believe we will maintain the 20p next year without YSL with the acquisition on top, looking forward to market opening bell....................wbj

Citywire: * Marchpole first-half pre-tax profits £4 million vs £1 million; turnover £38.6 million vs £14.9 million; interim dividend increased to 1.5p; in talks on acquisition; in strong position for further growth

[uncleoswald] 15/11/2006 07:33

Guess this is what was expected!
A few quick calculations and assumptions:
Last year EPS was 13p. Assume half of this was YSL i.e. 6.5p , and that YSL will contribute the same this year.
Expect second half EPS to be the same as the first i.e. 10p,making 20p total.
Strip out 6.5 p contribution from YSL, leaves 13.5 p EPS from the rest of the business.
On a P/E of 10 , excluding YSL profits , this would put the share price at 135p.
Very ball park , but reasonable I think.

[deanroberthunt] 15/11/2006 07:32

If the market drop this today I'm buying a shed load of cfd's....

[deanroberthunt] 15/11/2006 07:31

WBJ......forward pe of 4.6, should be nearer 15 imo, and thats still cheap for a high end growing brand, sector avergae more like 18/19.

[daverw] 15/11/2006 07:31

Surely a £2 a share company, always concerned about a MBO
on the cheap if the share price remains at or around
yesterdays prices.

[wbjunior] 15/11/2006 07:30

Had a brief look and the figures are very good indeed, 10.2 eps points to around 25p for the year putting the shares on a forward p/e of only 4.6

Plus another aquisition to keep the long termers interested, have to wait and see how the market see thew future now. Back to look at results again and yes holding firm with numbers like these.............wbj

[deanroberthunt] 15/11/2006 07:29

so extrapolating linearly.....looking at FY 80m t/o and 8m pbt.....I know we're losing YSL, but with further acquisitions and global reach of other brands, I still think we'll be around these figures in 6 months time.....and all that for an MCAP of 30m....LOL

[daza75] 15/11/2006 07:28

I like the idea of another acquistion! Looking like YSL will have less impact than originally thought!

increase in divi

strong growth going forward

profits up strongly