Just Car Clinics Share Discussion Threads

[harrogate] 04/4/2013 18:08

As you say not bad at all ... except for the 900,000 options granted at 17p in the year to directors.

[aleman] 04/4/2013 17:45

Exceptional hits results but turnover up and underlying eps is strong. Cashflow is hit by the exceptional and a substantial increase in working capital but the dividend is held. Pretty good on the whole, I'd say.



No date for AGM. Anyone know already?

[rmillaree] 16/1/2013 16:02

Interview with the Big cheese and other assorted small stories on the website

[harrogate] 31/12/2012 07:29

Yes I do think that the weather has been generally beneficial but in a market that has since a 27% reduction in insured motor repairs and a 22% reduction overall and one in which the major insurers have negotiated new deals at much lower margins over the last 2/3 years and when we have had a customer go bust owing us many hundreds of £000, the weather is not the key issue anymore.

[aleman] 30/12/2012 21:48

Don't we think the weather will have been very beneficial to JCR in H2? There were modest bouts of snow in northern parts of JCR territory at the end of October, beginning and end of November, beginning of December and Boxing Day. There were two bouts of black ice/freezing rain at the beginning of December. I think we all know about the incessant rain. Putting aside the misery it has caused everybody, shouldn't it have been about the best half for weather that we could expect, being bad but not bad enough to keep people in?

[harrogate] 30/12/2012 09:56

NARS were mainly retaining current contracts although they are clearly good news for them. The AVIVA work I am guessing is due to the recent demise of Driver Assist which has caused chaos in the market and there is no doubt that JCR will have suffered a large bad debt.I have no idea the size but it could be large enough to put the dividend in doubt for a year I would guess.
Lots of takeover activity in the market and ADR have just been bought by Autorestore and Quindell seem to be gearing up for something and the Direct Line owned repair shops ( I think they have about 15? ) are rumoured to be for sale now DL have floated off from RBS.. Could be an interesting year in the market I think. Not sure what any of that means for JCR

[liarspoker] 30/12/2012 00:08

Double post.

[liarspoker] 30/12/2012 00:07

NARS is winning a few nice contracts.

[yorkshiret] 15/12/2012 17:24

Very quiet on here.

I'm surprised there has been no debate about Autorestore buying ADR, and Drive Assist going into administration.

On the latter, I'm not sure what JCR's exposure is to the business, but their logo appears as a client on many of the site pages:



I know of a number of other repairers who are owed six figure sums.

[aleman] 09/11/2012 16:26

Mine came in the post this afternoon.

[rmillaree] 09/11/2012 12:22

Anyone had their divi yet?
Still waiting here

[harrogate] 08/11/2012 07:50

We don't really know the details but my guess is 3 things on the increase in recruitment:
1) Two new sites
2) Large contract win in summer that will see volumes coming through now as we see the winter come
3) Policy of more aggressively reducing numbers in quiet months and then ramping up staff when needed.

Less sure of 3

[aleman] 07/11/2012 16:12

The vacancies list looks very long at the moment. (I'm not sure this is always good news.) 31 is a lot for a company of this size. A couple of years ago, it was more like 6 or 8.

5 customer claims administrators?



Edit - staff fell from 628 to 571 between 2010 and 2011 so the 6 to 8 vacancies period will reflect some thinning out. Could 31 reflect some filling in again?

[aleman] 07/11/2012 16:04

This could be good news. New cars are more likely to be insured and repaired properly. It also reflects on the general state of UK consumer finances so the cutting of corners on car spending generally may be easing, reducing the price pressure on garages to try undercut each other. Granted, overcapacity in car servicing and repair markets won't disappear overnight, but it's a small step in the right direction, I hope.

SMMT increases 2012 forecast after strong October car sales:



(And traffic in my bit of Yorkshire has been very heavy of late.)

[aleman] 04/11/2012 16:57

Unpredicted snow in Southwest and Cumbria:

[aleman] 23/10/2012 12:23

Car insurance rates fall slightly. Change in regulation on referral fees. Whiplash claims to be vetted?

[liarspoker] 17/10/2012 16:38

If people can't calculate a rough intrinsic value of an unlisted business should they be buying shares in the business in the first place ?

[rmillaree] 17/10/2012 11:59

Bit of blah de blah on the website about the latest site

[harrogate] 09/10/2012 14:09

If you think that just get them asked then !!! I don't think you will be told but if you are I would be intererested in what they say.

[glenowen] 09/10/2012 14:06

I don't see what might be confidential about the price at which shares might change hands, as long as the identity of the buyer and seller are not revealed. "Matched bargain" prices for shares in numerous unquoted companies were published in the FT for many years. Indeed, shares in AIM-quoted and OFEX are officially "unquoted" shares.

I don't, therefore, think it would do much harm for JCR's stockbroker to publish indicative prices i.e. the price at which the most recent trades have been struck - on their website. Short of studying the accounts and coming to their own conclusions, how else might a potential buyer or seller arrive at a value for the shares?

[harrogate] 09/10/2012 09:10

No it is not and I am sure the company will not tell you since it is confidential information between the seller and buyer if any transactions have actually taken place. We do know that the company bought back 200,000 shares at 24p so that might be your best guide. I think value will only be known if and when the company is sold

[glenowen] 09/10/2012 09:07

Thanks, Harrogate, but I was already aware of all that. What I am after is the latest information on any recent actual trades which might indicate what the present value might be. Is that information accessible in the public domain? The shares were delisted at about 20p per share - have they gone up or down since then? Is my modest bundle of shares is now worth a small fortune?

[harrogate] 08/10/2012 21:22

Hi

There is no latest share price. It delisted and so you can only sell your shares if you go through a matched baragin arrangement. Still pays dividends. Details on the company website

[glenowen] 08/10/2012 20:10

Can anyone let me know how you can access the latest share price? I have checked the Brewin Dolphin, Stocktrade and Just Car websites, but scan find no link. Cheers.