Jacques Vert Share Discussion Threads

[cockneyrebel] 25/4/2008 17:29

Yes, like WGB. The thing is the investors mind. People are at the stage now where they don't want anything retail. They hear in the press, day in, day out 'recession, credit crunch, 1930, reposession' the BBC is an absolute scaremonger, especially Newsnight.

Anyone remember when Aids was first discovered? A kid that went to my school was one of the first to die from it - I thought f-me, the planet is going to be wite out if I know people dying with it already - he was on ITN News. A few years on and although it is serious it isn't wiping out the planet. Then we had Mad Cow - I heard that by the year 2000 a quarter million young people could be showing signs of the disease because they heat a lot of burgers.

Then we had SARs - don't ever fly again whatever you do. Then bird flu...............

This is a classic market bottom imo. So many people have thrown their shares away at any price, especially in retail.

Yet today I'm reading Pendragon (cars, you don't get much bigger ticket items than that) have seen an improvement month on month since the start of the year.

I also see gov stats say retail sales are up 5.6% in the first quarter.



"A controversy emerged yesterday over the true state of high street sales as the City joined retailers to attack official figures that indicated a shopping bonanza since the new year.

Economists sounded warnings that the Bank of England would be left puzzled and crucial decisions over interest rates hampered by the official data, which showed a buoyant 2 per cent jump in the volume of goods sold in the first quarter.

This marked the strongest sales growth for four years.

The steep jump in first-quarter sales, up 5.6 per cent from a year earlier, was sharply at odds with almost every other barometer of retail activity, and retailers' own reports that trading is blighted by the credit squeeze and house price slump.........................


Well of course if I was a retailer I wouldn't be singing about sales being stronger because that would mean an end to the BofE rate cuts much sooner - but call me a sceptic. The truth probably lies in the middle somewhere - but I don't believe we are winessing the crucifiction of the high street out there when I go shopping. Yep, it's a bit quiet. But JQV made 1.28p eps in H1 and Christmas falls in H2.

If these have suddenly met with disaster then I will be very surprised.

Trading statement was on April 28 last year so Monday perhaps? Reckon a few punters thought they'd get out before, just in case. Personally, on this valuation I'd sooner take the risk cos there isn't much good news in the price here imo.

CR

[dumbarton2] 25/4/2008 16:28

JQV is just like Alexon too many concessions and the competition will drive them out...

[jailbird] 25/4/2008 16:25

Growth also showed few signs of faltering until now. Retail sales rose 2 percent in the first quarter, the most since 2004 for the first three months of the year. While consumers have record debt of 1.4 trillion pounds, mortgage arrears and possessions are still low and employment is rising, policy makers said this month.

``We expect the retail sales number to slow,'' said Merrill's Bate. ``There are many reasons to expect the U.K. consumer will pare back on spending. The services sector is highly exposed to the domestic economy.''

[dumbarton2] 25/4/2008 16:20

Middle market retailers to be hit hard in a downturn hence ne short term low. It will go a lot lower imo.

[doowle] 25/4/2008 16:17

I think you're right CR.
Retail figures have taken this one down but I will be buying more. There is a difference between sales of DVD players at Dixons and this.

The tide is my friend, so I'm going to see if it takes me to 8p to buy more. Looks like the City's in recession mood.

[cockneyrebel] 25/4/2008 15:23

it might not be PAV but sentiment can be miss placed and that can be the time to buy.

Jan 10L

LONDON (Thomson Financial) - Shares in Jacques Vert were higher early on, following the company's interim results, with Seymour Pierce reiterating its 'buy' rating on the women's clothing retailer, according to traders. At 8.53 am, Jacques Vert shares were up 0-3/4 pence at 9-3/4. Earlier, Jacques Vert said total sales in the first six months of the year were 1.8 pct ahead of last year at 58.8 mln stg and like-for-like sales were in line with last year.

Having done 1.28p eps in H1 which should be the weaker half then they ain't expensive. Unfortunately, if someone decides they want to sell a big chunk at any price and thrigger other buyers into following them then these small caps that are illiquid can get a bit airey.

The directors bought a load of shares into their pension last week - would they have done that if they thought the shares would be significantly lower next week? I don't know but I would have been waiting to buy if I thought they would be.

CR

[pav 1] 25/4/2008 15:17

i knew i should have flogged this duffer, when 2 X 100k sells appeared last week,sentiment not with this share i am afraid.

[cockneyrebel] 25/4/2008 15:06

this is hideous - JQV, debt-free and they have already done 1.28p eps in H1, the weaker half!

Sheep!

CR

[doowle] 24/4/2008 23:45

Yeah he seems to have got it off HBOS.

I've always liked JQV as a business but the price was never right for me months or even years ago. It is now though :)

It's great how the old favourites that ran away in the AIM bull run are becoming cheap again.

[doowle] 23/4/2008 13:42

With reviews like this JQV should do OK...



At least their designers aren't incompetent like those at BHS, MKS

[dassera] 22/4/2008 21:15

LOL, CR, keep 'em coming :D

[cockneyrebel] 22/4/2008 12:45

I think Broughie only trimmed a few, he still holds a load. I think he just trimmed a week ahead of the results as a caution.

Yes, I'm much more comfortable in Jacques Vert, I find Alexon come up a size small on me, always a bit tight on my bust too :-)

CR

[cockneyrebel] 21/4/2008 18:33

Ok, I'll have a look at SPMG but I'd like to see a bit more than one modest director buy myself.

I doubt you'll find cheaper than JQV tho AXN is as cheap imo.

CR

[cockneyrebel] 21/4/2008 13:19

Yes. I think some look at last years profit then this years and compare that like for like. They had a £10.5m special in lat years numbers that exagerated it. I think profits were up from £2.4m to £2.6m this year if that's stripped out. Pretty unjustifiable PE for a debtless co growing profits imo.

The punters will turn bullish at some point when they realise they are missing the bottom and I don't think these will hang about then imo.

CR

[thefod] 21/4/2008 13:13

Just taken a few at 10.16. For a company with no debt and directors buying looks a steal as you say CR

[cockneyrebel] 21/4/2008 13:13

SPMG - no thanks - what a dog!. Needs more than a £15K director buy to get me interested there.

Quite some buying here - reckon these will get a gallop on some time soon, as soon as they tick up.

CR

[cockneyrebel] 21/4/2008 11:11

purchased in the market it says:

Appears the company bought and they have been put into the pension of the directors on the surrendering of their options I think

Definitely firming up JQV - just 1 mm left on the offer now.

A positive for the stock imo - looks screamingly undervalued imo.

CR

[doowle] 21/4/2008 11:00

Were those shares not awarded free CR?

I don't think they were cash purchases?

[cockneyrebel] 21/4/2008 07:27

Directors pensioning a load of shares each.

They've stolen them at this price imo

CR