Just Car Clinics Share Discussion Threads

[aleman] 20/6/2011 17:47

WTI down $2 to $93. Brent down $3 to $112. They're still headed the right way though little sign of petrol moving down yet.

[harrogate] 19/6/2011 18:34

I agree ..I don't see Makerstudy Group as a buyer for JC Cand I don't think they would sell anyway. RBS are JCC major customer ..by a long way I think so it wouldn't work as you say.

[sunny valley] 19/6/2011 18:04

Thanks for the help harrogate.
What's your thoughts on the Markerstudy Group? Do you think they would look at JCC as a way of covering a large chunk of the country with their own bodyshops? or do you think they'll see what happens with Tonbridge Coachworks and the Politics with there existing clients. The problem with an insurance owned bodyshop is that all the other insurance companies might be tempted to move on rather than add profits to the competition. I wouldn't have thought Zenith had volume to fill the likes of JCC on their own.

[harrogate] 19/6/2011 08:31

Hi

These 2 things are not connected. They bought 10% of the chares off RRF in Dec 10 since RRF are winding up the fund and want to sell. It seems clear that JCR are the most likley buyer of the 8% that RRF still own. I think that would be a good thing since EPS will be higher due to less shares in existence.

The take private thing s only a thought since my logic is that the fact that no one wanted the RRF stake means that there are no institutions out there keen to have some JCR and they don't really need to be quoted and it costs money COULD mean that they might look to take it private. I would have confidence that they would do it right & offer a decent price for the shares. But that might never happen.
The key to getting a fair price for the shares however it happens will be showing how they grow profits in this new market

[sunny valley] 18/6/2011 16:50

What happens to our shares if the directors buy the 8% off RRF and decide to take the company private?

[yorkshiret] 18/6/2011 10:16

Another big player saying that fewer miles are being driven, therefore less accident damage.

It will be interesting to see which side of the business these cuts are made in.

[aleman] 16/6/2011 18:00

Harrogate - I'm not as far away now I've moved. You fancy a pint one evening up your way?

[harrogate] 16/6/2011 17:43

JCR will be talking to RRF about the 8% that they own that we know is for sale. That will be enough for them and I would have thought they will buy this stake soon.
I don't think they will delist I think they could well take it private by buying the shares off us though and I am sure the independent directors would be fair.
Hard to see much downside at this level and 6% yield

[aleman] 16/6/2011 16:53

WTI has dropped below $95. Brent dropped below $114 (high around $125). Oil is creeping back down. Brent will lag with Libya but should get there over time - even if Libya continues - as some supply chains and consumption adjust.

[spaceparallax] 16/6/2011 16:49

a fair point

[aleman] 16/6/2011 16:34

The board don't have enough to delist. Can't believe the company wouldn't have snapped their hands off at the current price. Around £75k.

[davydoo] 16/6/2011 16:17

I would be very tempted to add here, were it not for the fear that they could de-list as suggested in an earlier post.

[envirovision] 16/6/2011 16:15

Probably because its so illiquid its hard to get rid of as much as 2% of the shares.

So its a bit like an advert to the market to say "Hey fancy buying some of these, we've got 2% we can sell you"

(One would assume they have done all the usual stuff first without success such as contacting the company and its brokers to see if they know of anyone who may want them).

[spaceparallax] 16/6/2011 16:15

must be cash-strapped

[harrogate] 16/6/2011 16:10

Perhaps they are so pleased with themselves selling at a 6 year low ..sometimes wonder about these guys !!

[aleman] 16/6/2011 16:09

Why notify a small sale pushing you under 2%?

[aleman] 16/6/2011 10:26

Sales of automotive fuels in the UK fell after the recession and hit a low in Q4 last year as prices rocketed. Interestingly, they are rising again this year so far. I'm talking about volume here and not price.

[spaceparallax] 10/6/2011 13:47

A problem, but surely the answer is heavy punishment for those pursuing or administering fraudulent claims.

[envirovision] 10/6/2011 13:45

I keep getting a spam text message telling me I have a few thousand waiting for me for the recent accident I had. No idea what that's about but a clear example how out of control its got.

I doubt anything can be done to stem this growing stupidity either as it would probably infringe human rights law.

[spaceparallax] 10/6/2011 13:26

Ale,

I've heard of much pestering over 'injury' claims - I've even heard of a company refusing to progress a damage claim because a potential 'injury' claim was not required by the claimant when an associated 'claims consultant' pestered them to suggest that surely they must have suffered whiplash or some other.

[harrogate] 10/6/2011 13:19

Hi

It is a sick looking chart that is for sure. I am surprised it has fallen this far although volumes have been light but it hurts all the same ...a lot !!

If they do the numbers in the revised BD note especially next year which is 5.5p EPS and 1.95p Div then they are cheap as chips now at a 6 year low but I can see that they have to show how they are going to grow profits again in the marketplace which seems to have changed permanently. They need to win market share and increase margins which I think they can do. I hope they use the low share price to buy out the 8% holding of RRF that is up for sale and then steady the ship and win business. I think we are in for a fairly long recovery time period now and patience is the key. I am not sure I would be a buyer at these levels even until I saw that the market had stabilised. I do think one possibility now is a take private .. 50p anyone?

[aleman] 10/6/2011 12:55

I had my first bump recently (my 23 years' no claims survived as I had a witness that the other party ran a red light and made a few of us take evasive action but I was a bit penned in) and got pestered afterwards by Accident Claims Assistance who kept ringing me to tell me I had £1600 set aside by the government for any personal injuries. They seemed unable to accept that I had no aches or whiplash. I had to be rather impolite to get them to leave me alone.

Not sure what is going on with the shares but the roads have been remarkably quiet on some days recently. I think petrol above 130p per litre is hurting. My insurance renewal wasn't a problem this year but maybe I'm not in the category that is getting clobbered. Many companies are now quoting TPFT at a higher price than comprehensive. And why isn't petrol getting cheaper? WTI is back below $100 and UK petrol should have eased after Brent's fall from $125 to $110 (although it is back to $115).

[envirovision] 10/6/2011 12:04

Yes, also those gangs of Asians making millions from the sector. The police pretend they are catching them but in reality its not even the tip of the iceberg.