Following Jacques Vert’s (JQV) positive AGM statement last week the two brokers covering the share have upgraded their forecasts for the year ending Apr-2010.

For 2010 Seymour Pierce are now forecasting a pre-tax profit of £4m and Numis a pre-tax profit of £4.3m, an impressive upgrade from the £2.2m average that was being forecast before the AGM statement and a big turnaround from last year when a loss was recorded. So in 6 months time JQV are expected to have done over £4m in profit and their cash balance is forecast to stand at £7m plus.

The share price has moved up this week but at under 9p to buy Jacques Vert (JQV) still looks much too cheap to me.