Jacques Vert Share Discussion Threads

[ronster1] 24/6/2004 11:16

continuing upward movement - something going on. time to get back in....

[day_dreamer] 23/6/2004 00:40

Speculation on surprise very good results i would say.

They've always been on a forward PER of under 5, maybe
they are going to deliver it on these results.

Look at what happened to MS International on their results which
surprised the market and the shares shot up.

To many JQV is small risk of losing a couple of pence on average
results again with a possibility of them rising sharply on very
good news....depends on your risk element...do u wait until the
results and play safe or do you gamble ?

Gravy

[ronster1] 22/6/2004 15:10

nice little rise today - anyone know why? Forecast profits seem very good and give the company an extremley low p/e ratio. Is Brandes interested in them after Marks and Sparks? good brands, surely lots of value here?

[inthewoods] 19/6/2004 22:17

My guess is that the forecast represents a figure which should be achievable given the past performance of the JQV and Windsmoor brands. But there are many reasons why this would fall short, so the markets will not factor the forecasts into the price until they see tangible evidence of a turnaround. The risks are quite high and it must be likely that the turnaround will be delayed at the very least,

cheers

Inthewoods

[martin_bell96] 17/6/2004 11:28

guys,

Can someone explain to me why JQV price movement is so dettached from it's excellent forecast figures. Particularly in light of the intrim being 1 month away.

[dhmace] 10/6/2004 13:13

Red Dog

I have been following this thread. With all respect why would anybody follow your advice if you have such a fundamental error in your reasoning (debt mountain). There may be other reasons but you do the firm a dis-service if you say they are mired in debt when they are not - unless you can refute the last two posters

[day_dreamer] 09/6/2004 23:13

"debt mountain"...maybe advfn's fundamentals are out of date but
it's easy to have a quick scan at a companies latest results to
find out exactly where they stand and JQV must be very close if
not out of debt completely now.
It's on the drift again but results could surprise, this has to
be on the short list of a predator in the textile industry surely ?

Gravy

[inthewoods] 09/6/2004 21:30

I guess we must have followed your advice and baled out to wait for it to hit 9p.

I think you are not far wrong in some ways. They will need to close more shops than they thought, and I don't think the results will show strong improvements yet, so most likely it will be a while before any rerating occurs.

Could you be a little more specific about the debt mountain ? From the interim accounts net debt appears to be around 5.6M which is also roughly the difference between the cash at bank of 5.8M and short term borrowings of 11.35M. Given a cash flow in H1 of 2.35M which covers interest payments over 5times (being difference between interest paid and received), the recent proceeds from the sale of microtherm raising 3.4M to be used to 'reduce borrowings' where does the debt mountain come from? I would expect short term borrowings to have been halved by the H2 cash flow and the microtherm payment - leading to net cash, unless trading has deteriorated very badly. But if so - why no profit warning ?

Could well go to 9p and I'd certainly buy, but I don't see it would be debt that causes it ?

cheers

IntheWoods

[red dog] 09/6/2004 09:19

Where are all the shareholders in this company. Nobody interested in disproving my previous post. So as I have stated this share price IS going to 9p. STRONG SELL dont you all think?

[red dog] 09/6/2004 08:06

This Company has far more problems than first thought. Their debt pile is in fact a mountain. They are to close more shops than first thought. Their next results will be a disaster and the share price will dive to around 9p at which point they could be worth a gamble.

slmwak: Using Albert Fisher Group is in fact a very good scenario, I was in and out of them many times and just by luck, I was not holding when they went to the wall.

With so much uncertainty, one should not be holding this share and only the greedy will still be holding when the BAD and NOT the good news comes out. Then they will complain that the company is sh-t, which we all know now.

So I say sell and buy back if you must a around the 9p mark. At least then you could make 10% on your holding.

[slmwak] 09/6/2004 00:22

I remember albert fisher group being on a potential pe of under 2 ? Like JQV ! What happened to them ?

[day_dreamer] 02/6/2004 10:06

In your dreams slap...erm Simon :-))

L2 is currently 2 bid 1 offer 15.5-15.75p.

Gravy

edit...1 v 1 on L2 now

[slmwak] 01/6/2004 23:26

Gravy with respect at least I have a job and do not just sponge off the state and live an imaginary life on ADVFN like yourself !!!.
Pumping and dumping tiny pennyshares for a few hundred profit lol .

[majic] 01/6/2004 23:20

Hey up chucks what gives with this baby?

[day_dreamer] 01/6/2004 23:16

Hey slap....you been getting told off today at work ??

...you just seem a little flustered....

Nice try and posting misleading info :-))

Borrowings

Net debt at the half year, amounted to #5.5m (2002: #2.8m Jacques Vert only).


Gravy

[slmwak] 01/6/2004 23:09

lol dreamers "symbiotic twin" comes out to play . Terry91 how are ETQ doing ?? :o)

[slmwak] 01/6/2004 21:30

The 59 million of debt looks a bit worrying !!!

[day_dreamer] 01/6/2004 14:12

Well that last 50k buy caused a ripple in L2 with 3 mm's
moving up on it.

L2 now 2 bid 2 offer 15.5-16p

Gravy

[terry91] 01/6/2004 13:35

Short term Gravy L2 looks like if buying starts to pick up it will rise very quickly. A joy to watch.

[day_dreamer] 01/6/2004 13:22

The last tip was suicidal imho, he must have known there
was a almighty overhang in the stock, the small buying was
relentless and the price never budged so all those small buyers
bailed out after the non exciting results and created a even
bigger slide in the price.

Price seems to be holding up well so far and again lots of small buys,
possibly Evo clearing a protected order as they have took some good
buys at around 15.6p and not moved back up.

As for results it's virtually impossible to know what they will come
out with, depends how many risks you want to take, if they surprise
then they will be marked right up and vice versa...the choice is yours.

Gravy

[josephjoe] 01/6/2004 12:12

be careful, be very careful, Mark made this stock his tip of the yearat 20p fell to 16p his stop loss within a week, results due end of month, these will not be all that good, sector not doing to good,should not fall to less than13p, should be ok for long term 1-2 years, short term grab any profit if any.

[day_dreamer] 01/6/2004 11:37

Plenty of small buying following the tip and the price has
steadied and the bid is back up slightly.

Anybody cut and paste this article then from MWM ?

Gravy

[terry91] 01/6/2004 09:45

Just a matter of time now steady buying. It was marked up far to much this morning.