Posted: 01-May-08 at 13:22 | IP Logged

Jacques Vert is an online retailer which has ben growing significantly. Some basic fundamentals from the last results;

o    Sales up 1.8% to £58.8m (2006: £57.7m) and level on a like for like basis
o    Operating profit before exceptional items from continuing operations
     £2.1m (2006: £2.5m)
o    Profit before tax £2.6m after an exceptional credit of £0.9m (2006:
     £12.9m including an exceptional credit of £10.5m)
o    Net cash generated of £2.2m in the 6 months (2006: £0.5m net cash outflow)
o    Net cash at the period end of £1.3m (2006: £1.0m net debt)
o    Net assets increased to £21.9m (2006: £17.3m)
o    Like for like sales fell by 2.2% in the 10 weeks since 27 October 2007
     compared with the previous year mainly due to lower levels of markdown
o    As a result of the lower markdown, Gross margin for the 10 week period
     is 2.7% ahead of last year

Expecting to turnover over £100M and make a profit around in the order of £5M this is presently capped at a lowly £18M. Seymour Pierce have just reiterated their BUY for the company.

A serious buying opportunity exists at the current 10p