Jacques Vert Share Discussion Threads

[fusebox] 12/1/2006 20:59

Digital look have a forecast of £6 million pre tax.

They are not going to make that based on first half profit.

Moreover the Baird defined pension is likely to give rise to a further deficit.

Very risky now that turnover has taken a dip!

[hvs] 12/1/2006 17:51

IGNORE FUSEBOX,

He is a thread thrasher who does not understand accounts.

Filter him.

[fusebox] 12/1/2006 17:14

I do not like this lot one bit...

7. Provisions

Pensions Other business Total
provisions
(unaudited) (unaudited) (unaudited)
#000 #000 #000

At 1 May 2005 15,001 8,789 23,790
Prior year adjustment (see Note 2) 11,378 - 11,378
As restated 26,379 8,789 35,168
Utilised (978) (1,103) (2,081)
Charged /(credited) to Profit and Loss account (64) (12) (76)
Unwinding of discount - 363 363
Finance cost 129 - 129
Exchange rate adjustments (58) (30) (88)
At 29 October 2005 25,408 8,007 33,415

[fusebox] 12/1/2006 17:13

The pension deficits are also a concern. The co is looking into the Baird scheme. Could be more bad news to come.

Change in Accounting Policy

The Group has adopted FRS17, "Retirement Benefits", for the first time in these
Interim Statements and the results for the prior year have accordingly been
restated. The effect of this change in accounting policy has been to increase
total provisions by #11.4m at 1 May 2005 (increased by #9.6m at 23 October
2004). As a consequence, net assets have been restated to #3.5m at 23 October
2004 (previously #13.1m) and to #1.0m at 30 April 2005 (previously #12.4m). The
effect of the change in accounting policy on the Profit and Loss Account is
shown in note 2 of these Interim Statements.

Pension Costs

A triennial valuation of the Baird Group Defined Benefit Scheme is currently
being undertaken with a valuation date of 30 June 2005. While discussions with
the Trustees are at an early stage, the effect of changes in mortality
assumptions is likely to give rise to an increase in the deficit on this Scheme.
The Group currently makes annual contributions of #1.7m to the Scheme.

[fusebox] 12/1/2006 17:02

Mostly sells and probably profit taking on results.

I would expect the share price to find a lower level again. Too much risk in the retail secotor at the moment.

If holders dont sell any further deteriortion and the share price would slump big time in view of low asset value.

[quotes_4_u] 12/1/2006 11:23

Big trades, possible 500k+ sale at 15.38p and 500k buy at 15.5p
which could well be a director.

[fusebox] 12/1/2006 08:12

Shareholders funds less than 10% of market cap you arw taking a lot of risk.

Things get worse the share will Tank big time.

[fusebox] 12/1/2006 08:06

t hink you have seen the end of the rally.

Th forecasts are looking like they missed now going forward.

Tunover is down.

Sharehoders funds are abysmal.

The only good news is the co has cash but that can be deceptive.

[quotes_4_u] 12/1/2006 08:01

It was worth unfiltering you to see what you had to say fusebox.

Incase you had forgot JQV never beat around the bush and
nearly always state that trading conditions are difficult,
that way they continue to deliver.

I do recall you were very negative at 13p, i'm in at 11.5p
and the shareprice is 16p bid, i'm holding long term.

[fusebox] 12/1/2006 07:58

Adjusted eps down and dificult trading conditions expected to continue....

"A continued focus on improving sales, gross margin and reducing overheads
combined with the ongoing control of working capital will be key priorities for
management in approaching what are expected to be difficult trading conditions
in the Group's key markets during the remainder of the financial year."

Sharehoders funds down !

[james111] 12/1/2006 07:55

mmmmm we will see

[quotes_4_u] 12/1/2006 07:52

The strong cash generation is getting JQV out of a once
great big black hole.

Good results, shares have had a strong run upto these so
it's hard to tell which way the mm's will play it.



JACQUES VERT PLC

INTERIM RESULTS

Jacques Vert Plc, the clothing retailer and wholesaler, is pleased to announce
its Interim results for the 26 weeks ended 29 October 2005, together with an
update on trading for the 10 weeks since that date.

The Group comprises (i) a Retail Division selling four womenswear brands
(through circa 900 outlets) - Jacques Vert, Windsmoor, Planet and Precis,
predominantly in the UK, Canada and Eire and (ii) a Wholesale Division selling a
menswear brand, Melka and an outdoor clothing brand, Tenson throughout Europe.

The key points are:

* Group profit before tax up 30% to #1.3 m from #1.0m (restated) in 2004

* Strong cash generation resulted in net cash of #2.1m at 29 October
2005 compared with net debt of #1.9m at 23 October 2004 and net debt of #0.6m at
30 April 2005

* Following the Administration of Allders Department Stores in January
2005, the Group ceased to operate from 66 former Allders outlets, which
generated #3.0m in sales and #0.6m net profit in the Retail Division in the
first half of 2004

* The turnaround of the Wholesale Division continues with the Division
making a profit before tax of #0.2m compared with a loss before tax of #(0.1)m
in 2004

* As a result of adopting FRS17 for the first time, Group net assets
were #1.9m at 29 October 2005, compared with restated net assets of #3.5m at 23
October 2004 (previously #13.1m) and restated net assets of #1.0m at 30 April
2005 (previously #12.4m)

* Like for like sales in the Retail Division for the first 10 weeks of
the second half increased by 1% compared with the same period in the previous
year. The gross margin % of sales is also slightly ahead compared with the
previous year.

[eternaloptimist] 12/1/2006 07:09

They are out :-)

[jc9121] 12/1/2006 05:53

How would I know when the results are due to come out?

[quotes_4_u] 11/1/2006 10:20

Results should be out this week at some point and the way the
price keeps going up they will not disappoint.

[quotes_4_u] 05/1/2006 13:39

Up again and 250k cross at 15p mid price bodes well.

[james111] 05/1/2006 13:27

yep T10 ers will be sniffing around I expect.

[quotes_4_u] 03/1/2006 10:29

Less than 2 weeks for results.

mm took a 300k sell before moving down later on, a lot of
stock for Jqv, maybe they had a buyer for it as they got
full 14.5p bid for it, well above nms.

[terry91] 30/12/2005 17:08

Loverly share price as predicted by quotes cheers.

[hvs] 30/12/2005 11:59

oh dear ,

STUPID PEOPLE NEVER GIVE UP

[spectrum7] 30/12/2005 11:49

HVS

You have lost......give up.
You have no credability....
You just get moderated because people are sick to death of you and you inability to string a coherent sentence together..

I strongly suggest you go and get a building society account and leave investing to us who know what we are doing.

For gods sake grow up man.......

Subject closed !

[quotes_4_u] 30/12/2005 11:40

Delayed 103k buy at 14.5p when offer was 14p changes my
last reasoning.

Is this getting tipped for new year, no buyers for a week
then a few large buys just before new year.

[hvs] 30/12/2005 11:38

O dear here we have them again,

Spec 7

a classic idiot.

[quotes_4_u] 30/12/2005 11:36

There's a chance that the writer in the telegraph who
tipped them recently will tip them for new year, seems
quite a jump for one 30k buy.

[spectrum7] 30/12/2005 11:33

Not getting moderated here then hvs..;-)