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JCR Just Car Clinic

20.50
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Just Car Clinics Investors - JCR

Just Car Clinics Investors - JCR

Share Name Share Symbol Market Stock Type
Just Car Clinic JCR London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 20.50 01:00:00
Open Price Low Price High Price Close Price Previous Close
20.50
more quote information »

Top Investor Posts

Top Posts
Posted at 24/7/2015 13:02 by solarno lopez
Less than a year later the private investor suffers the proverbial stuffing real stuffin


................45p offer October 2014 July 2015 118p
Posted at 23/3/2012 12:49 by joe say
Excellent ethics displayed here (by the execs at least, shame the non-execs didn't join in).

And as an ex-investor shame I can't demonstrate my support through owning a stake.

Good luck to all holders - a well run company imo
Posted at 12/10/2011 12:19 by davidosh
spaceprallax....Some funds cannot hold unquoted stocks and I am not sure about the rules for SIPPs, ISAs etc. I do not know any Investment Clubs that buy or hold unquoted stocks and most investors stay clear. For that reason you get massive downward pressure. Forced selling, No buying. An agreed exit even at 25p when trading much higher would have been fair. Directors buying at a third of the pre delisting RNS price does not bode well for the future.

Check the past. The directors were very happy with the listing when it allowed them to raise capital for their exit from Dixons Motors at a price which was a huge multiple of this mornings price. That suggests a monstrous failure in their growth strategy but I doubt the directors have been on minimal salaries to reflect their negative returns to shareholders !!

Listings are great when directors can benefit from the mass of money in the markets. When they can no longer benefit they leave shareholders high and dry. At the very least one could argue that directors are buying votes for the delisting by strengthening and increasing their position ahead of the delisting vote.
Posted at 02/10/2011 13:28 by envirovision
Directors would be crazy not to use the consolidation route in order to eject unwanted smaller investors at minimum cost who may have just a few percent of the holding or less. Unless there is a constitution in place prior to de-listing setting out the rights, as a small shareholder you don't stand a chance of realising any value.
Posted at 01/10/2011 12:19 by targatarga
Strange that 75% of investors would agree to have their investment decimated by approx 40%... imho
Posted at 01/10/2011 11:52 by davidosh
Just to be clear...I have no shares whatsoever in JCR. I was merely posting to try and help other investors and provide a meeting of minds with ShareSoc there to help if they could and if shareholders here felt the need.

I agree that the huge buyback at 51p now looks rather bizarre. I wonder if Rapid Realisations Fund with their very large holding were causing a problem so they got them out of the way with the buyback. Just a thought !
Posted at 30/9/2011 23:57 by supreme mo
Hi Davidosh,

I hope all is well. Are you a holder here?

Harrogate, well done for banging the drum on here and hope it works out for when (of if) the company de-lists.

Interesting that:

1) Company bought shares back at nearly 4 x the price they are at today and

2) Directors bought boat load at 24p

Wouldn't the smart thing have been to announce the de-listing and pick up the shares at rock bottom prices when everyone else wants to sell (as doesn't want to hold shares in a private company)?

Perhaps some would say it was a smart move buying to protect their positions and to make it nailed on the de-listing would go through...

Either way, it makes me wonder what the Canadian investors make of all this...

GL all
Posted at 30/9/2011 10:55 by davidosh
There is a post in the Pub on TMF that has just mentioned the delisting so you guys may want to answer the questions and discuss it there also.



ShareSoc will certainly help with an action group and run a PR campaign through the press if it thinks you have a good case but you need to set up a serious action group yourselves and probably around 10% of shareholders showing support is the minimum you need to show a chance of success as you are going to need 25% of those voting to prevent a delist I think.

If you want to discuss a line of action and check how much of the company you jointly own then this board would be a good place to discuss strategy and do a poll on holdings



You can also email each other via the TMF email facility

ShareSoc also has a closed network for investors to discuss anything. You can register for ShareSoc on www.sharesoc.org Membership and the network plus newsletters etc are all free. If we are successful in helping you then a donation will help keep ShareSoc running and free.

HTH

David
Posted at 06/7/2011 12:12 by rmillaree
It can't all be bad news being a listed company there must be greater transparency with regards to the finances and this probably isn't a bad thing when it comes to securing and maintaining large contracts. It's pretty easy for any company to do a check on them and see that they are a reasonably run business not making excessive profits with a reasonably secure financial backing.

For the 100k per year the company probably receives alot of additional advertising with RNS releases being put on various web sites and the results/updates being discussed in various newspapers and shares sites etc.

Obviously at some future stage raising extra finance or bringing new investors onboard may be easier being a listed company.

So i would expect there are plusses and minuses and they will still get good rewards long term from owning 50% of the business without risking a wad of their own (or borrowed) cash when the finances of the business aren't exactly at their most rosy.

In some respects the board of JCR have always seemed to me to be very straight down the line when compared to some of the megalomaniacs that seem to run some Aim (and fully listed?) companies.

I think the spike down on the latest trading update in some respects wasn't really anything unexpected at the time.JCR don't make massive profits and if margins continue to erode or turnover declines this is worrying as they do still have some debt. The directors showing faith by buying shares at least shows that they think the business model ain't bust and that should give the rest of us some confidence even if there are no guarantees.
Posted at 05/7/2011 21:10 by supreme mo
Harrogate, if they were looking to take it private then why did they only buy 364,588 shares at 24p, when 700,000 were available? Wouldn't they want to pick the whole lot at 24p (i.e. as cheap as possible) if that was the strategy?

The question is, why did RRF want to sell their holding?

As always time will tell... at least the share price rise will give some comfort to investors who have seen the value of their holdings half in the last 3 months.

GL all.

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