Jacques Vert Share Discussion Threads

[wal footrot] 07/5/2008 14:01

thanks clive

[tornadodown] 07/5/2008 13:49

This is looking good for a continued recovery.

[tornadodown] 06/5/2008 12:28

No problem Omerta. They are still only offering 5K online after the move as well.

[gorse] 06/5/2008 11:49

I presume a good spell of sunny weather is what my retailers - AXN, JD., JQV - and pubs (MARS) need, in contrast to the deluge they experienced last summer.

[omerta] 06/5/2008 11:48

Take your point TD .... i didn't deal on line. May be worth taking those as the MM's are a tad over 10p bid for 50/-

[tornadodown] 06/5/2008 11:27

Omerta just checked again and the maximum they are showing online is still 5K. It may be possible to cal for quantity.

[omerta] 06/5/2008 10:55

Agree CR ..... but will fall significantly with current year figs .... but up with events at the mo me thinks.

Theses Verts' are very well bid....

[cockneyrebel] 06/5/2008 10:44

Cheers badday - rating looks a tad rich for me at Redhall.

CR

[omerta] 06/5/2008 10:41

5k ??? ..... just dealt in 25/-

they are 10.075p bid for 50/- ........ in the real market!!

[wal footrot] 06/5/2008 10:02

shut up clive

[tornadodown] 06/5/2008 09:56

Well interesting times ahead as there seems to be a shortage of stock out there. Presently can ony get 5K online.

[tornadodown] 05/5/2008 19:19

Looks like many of us are trying to find the best value stocks which have been sold down during the recent turmoil. two of my other favourites are COST and DAN both offer exceptional value.

[omerta] 04/5/2008 11:55

badday ........ yum aving a Good day.!! I said it wasn't a bottom picker .... but well worth you having another look. Prob up with events >>> but go look at the BB. for the past year.

I'm new to this one @ 10p.+ a tad so i'm following you guys.

Good luck one & all .........
O

[cockneyrebel] 04/5/2008 08:55

Hmmm, the ticker would help Omerta :-)

CR

[omerta] 04/5/2008 01:49

doo.....interesting list and have three of them myself >>> but in this bear market (of sorts!) my sweetest plum hit it's all time high during the past couple of days. Look @ the graph & you'll think the best is over but imo the story is still in it's infancy. The list of Institutions that have been coming on board over the past couple of years reads like a who's who. Gartmore buying was behind the latest 20p push to the 280p level announced after hours on Fri.
I know the posts on this BB are about stocks of value that have seen their share price suffer so this one is different in that respect ...... but with a market value of approx £60m it's still a small cap company. Interim figs are some five weeks away so it'll be poppin up on traders radar... say next week(ish). I don't want accusations of ramping but with those few facts it will be easy to find .... and very worthwhile IMO. By the way it's BB is excellent ~ ~ ~ ~ the only thing missing is the sound input of CR.!!

[doowle] 03/5/2008 21:07

Yeah there's some perennial favourites on AIM that have been in the index for a long time. JQV is one of them. Perfect cyclical buy low sell high job. Management are pretty good so that's not a worry imo.

I've been buying quite aggressively in the past few months and new prospects are appearing on my watchlist every day.
Now holding:

JQV
DTZ
FDSA
SPMG
GVC
FLK
WGB
KESA

I love this bear market!

[tornadodown] 03/5/2008 20:48

Seems as though we all do similar things. I had an imaginary £10K portfolio with a friend back in 2001 or 2. Held stocks like ARM, RR and others when they were down and outs. Revisited that some time back and was shocked by the growth that I saw. Always said that it was worth, when the opportunity arose, to do the same thing but this time round with real cash. The timing can be out by 1 or 2p as the upside will return and far outweigh the minimum downside risk.

I have started with JQV and will be adding others shortly as it makes sense as you all say to pick the ones which have dropped but still exhibit good fundamental vale.

[cockneyrebel] 03/5/2008 13:59

Saw it all in 2003 too. My biggest mistake was not buying these sort of things up in volume when the pension funds were dumping them to raise their cash - very similar to banks/financials today doing that again today.

CR

[doowle] 03/5/2008 13:49

Yeah, same with some bits of the property sector too.

I hold some DTZ - trading at the silliest multiple I have ever seen...and it happens to be one of the world's biggest property service companies, growing in all the emerging markets.

[cockneyrebel] 03/5/2008 12:36

Yep, it's an insane market imo, some silly valuations around even after a bounce in the market. APG down yesterday which I hold too - mental valuation. Trading at half the valuation of the property assets (that haven't been revalued in 12 years). No debt, £2.5m in cash. None of these intangibles and goodwill. Already said profits will be higher this year than last. Also developing some land in amongst those assets into a business park that will increase the asset value and probably bring in something like 1p eps p.a. that will go to offset any slowdown if they see any. Market cap £8.7m, 38p to buy - it is massively undervalued. I assume punters think that because SUY and LAN are in such a mess APG must follow too. But 6 months ago when SUY were warning along with LAN, APG were announcing a 18% sales increase and 20% profit increase. APG's beds are sold widely over the internet too, unlike sofas which are a more touchy'feely sort of thing, beds can be tried out in Dreams and ordered from anywhere over the internet, a lot cheaper perhaps. I cannot believe how cheap this stock is. Kenneth Karmin can't either - he owns a huge bed conglomerate in the states and has bought over 3% of APG recently. Yep, I bet things are a bit competitive but this co is in the throws of a big turnaround and they have been improving their manufacturing costs. The new CEO bought about 15% of the co too.

So like JQV they are out there. The thing is to buy them when the market shuns these stocks and sell when we have the next retail boom and everyone is having orgasms at how well retail has 'rebounded'. JQV is undervalued without doubt imo, this is another one that has been getting it's act together while the markey has been against it and their performance has been way above average in the sector yet they trade on a sub average rating imo.

CR

[illiswilgig] 03/5/2008 07:50

Yes doowIE I agree that its unusual to see a retailer at or below book value, and at low (0.2) price to sales which has no net debt and is strongly cash generative. The business generated 2.2m operating cash flow in H1 and looks to have done even better in H2 as 0.9net debt has gone to 2M net cash, so operating cash flow greater than 2.9m in H2 if I read it right. A share buy-back instead of a dividend would be very powerful with this cashflow! The only danger I worry about is Alchemy making an offer for the rest of the business at this point!

[doowle] 03/5/2008 00:16

A warning has already been priced in.
Any hint of "in-line" trading and this will fly. No one is expecting it.

£18m is book value and I don't think a cash generative business can possibly go below book for any extended period of time.