Jacques Vert Share Discussion Threads

[the big fella] 03/1/2012 13:40

Just returned from Florida. I have not been online and the wife made me leave the BB at home. This has come as a nice surprise as my only other retailer is FCCN and they have not been performing as hoped. As my ave a c 5p this will do very nicely :)

[davydoo] 19/12/2011 17:50

I missed this one sadly, despite holding earlier in the year, although I think i exited when it was about 18p for a break-even.

I have been buying FCCN, which is also a cash rich retailer, although perhaps harder to bid for with the CEO having a substantial holding.

[bench2] 19/12/2011 17:25

Agree with CC exit price only looks good because they traded on v cheap multiple . Co has 5p per sh net cash so this is a steal for private equity . Going out at 7.6x eps . Directors own didly squat , so all down to big holders ; schroders,blk rock and henderson who combined own 36% and can block this bid . Problem is garment mfg and wholesalers sell on low multiples unless they control genuine luxury brands which JQV do not . But they do own some good mid range fashion labels so other companies will look at this, so counterbid is possible .

[ben value] 19/12/2011 13:01

Excellent news. I had forgotten that shares could go up in value.

[blunderbuss] 19/12/2011 12:37

Glad I topped up a few months ago, sorry I decided not to do the same last week!!!!!!!!

[battlebus2] 19/12/2011 12:18

Yep i only hold a few but still very very nice.

[cwa1] 19/12/2011 09:46

Bolt from the blue but very welcome nonetheless!

[shaft] 19/12/2011 09:43

Very suspicious 250,000 buy @ 8.30am

[gorse] 19/12/2011 09:36

Ooh, that's a nice surprise. 21p offer.

[touch2002] 03/10/2011 20:36

The new Next, or the next Alexon - the company shares a number of the same characteristics (wafer thin PBT margins, challenging concession relationships and a weak underlying market) - albeit mitigated by a healthier cash position and stronger management.

Possibly an anxious second half ahead...?

[blunderbuss] 26/8/2011 07:13

All still looking pretty good

[sharw] 14/7/2011 22:01

Now we know in part:

On the 12th Cavendish Asset Management sold about 4.68m shares.

[sharw] 12/7/2011 13:42

Total number of shares in issue 192.4m so the total number is over 5%. The MMs don't carry that stock so it could be prearranged with the 18p trades sells and the 18.03p ones buys and all announced within a minute. Wait and see if there is a 'holding in co.' RNS.

[davidosh] 12/7/2011 11:47

Huge volumes here today and up on a very down day in the markets. Could there be a bid coming our way ? We would probably be a big winner if Alexon brands are suffering and shops have to be closed down.

[davidosh] 05/7/2011 07:24

Solid results in this retail environment....

o Retail sales up 2.6% to GBP118.4m (2010: GBP115.3m)

o Like for like sales up 2.0%

o Gross margin of 62.8% (2010: 63.7%)

o Profit before tax up 3.1% to GBP5.3m (2010: GBP5.1m)

o Dividend proposed of 0.67 pence per share representing an increase of 3%

o Year end cash of GBP10.1m (2010: GBP12.6m)

o Net assets of GBP25.5m (2010: GBP23.4m)

o On a like for like basis, retail sales in the nine weeks since 30 April 2011 were 1.7% higher than the same period in the prior year.

[gargoyle2] 01/7/2011 04:39

Thanks for the links, LBO. You don't need to be Einstein to figure out if you're long or short on these!

[lbo] 03/6/2011 14:31

John Lewis fall in sales adds to concerns on consumer confidence

[lbo] 23/5/2011 15:17

Even Primark feels the pinch

[boonkoh] 06/5/2011 14:56

Quote from LBO's article: "Tea towels were the fastest-selling item of royal wedding memorabilia, while there was also a surge in sales of fascinators -- headpieces with feathers often sported by Prince William's bride, Kate Middleton."

Jacques Vert may not sell tea towels or royal memorabilia, but they do sell fascinators. So good to hear they're flying off the shelves at John Lewis - should be the same at Jacques Vert.

I'm hoping this good weather holds up - lots of dresses to be sold after the dismal summers in the past few years.

Also, while cotton prices surged earlier this year, they've now tumbled down and while I do expect some sort of margin hit in this year's results, hopefully its not too drastic and the effect won't be long term.