Jacques Vert Share Discussion Threads

[tullynessle] 11/1/2010 08:06

Eric

Please see my first post - last para, along with the link to the full RNS

[deswalker] 11/1/2010 07:59

Rather happy with those results :-)

[tullynessle] 11/1/2010 07:20

At 8.5p the JQV market cap is £16.36m - appears to be undervalued?


Interim results for the 26 weeks ended 24 October 2009,

- Profit before tax was GBP2.9m (2008: GBP1.1m)
- Cash at the period end of GBP9.7m (October 2008: GBP4.0m)


- At 25 April 2009, the Jacques Vert (2006) pension scheme contained a net surplus of GBP11.7m based on assumptions in line with IAS19. Repayment of any surplus assets in this scheme to the Group is at the discretion of the Trustee. As the Group is unable to require the Trustee to make a repayment, the surplus has not been recognised in the Group balance sheet.

[tullynessle] 11/1/2010 07:07

Appears to be excellent results...



INTERIM RESULTS
Date : 11/01/2010 @ 07:00
Source : UK Regulatory (RNS and others)
Stock : Jacques Vert (JQV)
Quote : 8.5 0.0 (0.00%) @ 07:54


JACQUES VERT PLC


INTERIM RESULTS



Jacques Vert Plc, the womenswear clothing retailer, is pleased to announce its
Interim results for the 26 weeks ended 24 October 2009, together with an update
on trading for the 10 weeks since that date.

The Group retails four womenswear brands: Jacques Vert, Windsmoor, Planet and
Precis. Sales are made predominantly in the UK, Canada and Eire through circa
1,030 outlets and through the Group's own website and third party websites.

The key points are:


* Profit before tax was GBP2.9m (2008: GBP1.1m)
* Sales of GBP55.8m (2008: GBP54.9m) were 1.6% higher than the same period in the
prior year
* Gross margin of 65.3% (2008: 62.4%)
* Cash at the period end of GBP9.7m (October 2008: GBP4.0m)
* Like for like sales in the 10 weeks since 24 October 2009 increased by 2.1%
compared with the previous year which now includes online sales performance

Commenting, Steve Bodger, Chairman, said:
"I am pleased to report on a strong first half performance and an encouraging
start to the second half. These results reflect a stronger product offer and the
development of our online business. Although there is still turbulence in the
market and we face some challenges during the remainder of the year, we are
confident that we are well placed to continue growing the business."

(Results continue.......)

[the big fella] 08/1/2010 10:51

I agree Des. Some action soon hopefully.

[deswalker] 08/1/2010 10:40

I guess we'll find out next week.

A cursory glance at TBK puts it on a prospective PE of circa 14 but with strong sales growth. JQV is on a prospective PE of 5 with perhaps slightly growing sales.

Asset backing is very strong at JQV but don't know about TBK.

I prefer JQV :-)

[kiwihope] 08/1/2010 09:00

Good results today from Ted Baker. A good indicator for Jacques Vert, or not?

[tullynessle] 14/12/2009 21:45

Last Interim Results were on the 10th Jan, 2009 - not long to go....

[knowing] 25/11/2009 11:13

About time too.

[the big fella] 25/11/2009 11:12

Nice move today.

[deswalker] 25/11/2009 10:04

Looks like the market is finally waking up to JQV.

[knowing] 24/11/2009 00:09

It all helps.

[omerta] 12/10/2009 15:45

Yep .... they are taking out the sellers at a tad under 8.5p Good O!

[the big fella] 12/10/2009 15:31

A little bit of blue today to wake us up!

[knowing] 30/9/2009 17:52

Good day.Took a few sells and held nicely.Will sell when this is in double digits.

[ucnut] 30/9/2009 13:30

Let's not diversify away from this stock Gents.Offering at a full 9 pence online now.I posted earlier that Jacques are trying to enter the younger generation market now so any revenue produced will not have been included as yet so that will also be adding to the bottom line for this year half.

[knowing] 30/9/2009 13:22

Already have a few of those NYB but this looks like it has legs.

[ny boy] 30/9/2009 13:20

Have bought a few over the past few days and it all looks very good for recovery here. Hope some of you are in (PPR) as its all set for a spike on the breakout for all you momentum players.

[knowing] 30/9/2009 13:00

I think they are better than that now.

[ucnut] 30/9/2009 11:31

Buy 50K @ 8.2 Sell 100K @ 8.01

Looks as though they may have to increase prices shortly.Retail sector seems to be coming back into favour after Marks's results today.