ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

JCR Just Car Clinic

20.50
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Just Car Clinic LSE:JCR London Ordinary Share GB0009591685 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 20.50 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Just Car Clinics Share Discussion Threads

Showing 4151 to 4173 of 4200 messages
Chat Pages: 168  167  166  165  164  163  162  161  160  159  158  157  Older
DateSubjectAuthorDiscuss
16/10/2014
15:46
Hi.
Sold all mine in the tender which was close to fully subscribed. I think this leaves the share base at sub 10m shares and so business now cheap. it was always about the need to realise some cash for me and the worry that the next liquidity event could be sometime. Good luck everyone and happy investing. Off to look at NARS share price now!

harrogate
03/10/2014
10:27
The only nightmare with NARS is their main shareholder - its ridiculous that QPP directors/associated bods see fit to refuse to adhere to basic things like filing accounts on time and such like. I don't doubt that QPP will probably be around in a couple of years but i think they need massive improvement corporate governance wise and IMHO that would best be done by clearing out all the senior bods in charge. Probably not material to NARS in that the shareprice will be dictated by their own performance but the shareprice did jump when they took a big stake so any reversal of that stake via sale could depress the shareprice somewhat.
rmillaree
03/10/2014
09:51
Hi. Yes all good points but their history says when they do take on new sites or open from scratch it takes a long time to get them profitable and I doubt they will attempt to go national. NARS are coming back and have picked up 2 members of the NARG group in last few months so I think they will be strong going forward. In fact when I get my money I will put some in NARS if it comes back sub 80p.
harrogate
03/10/2014
09:47
I got my bumpfth through the post yesterday - not much time for pondering.
I will be tendering some but i don't know how much. It's a pretty hard decision to make - its just a shame the wording is suggesting this is the only sensible route if you want/need a divi or may want to sell shares in the near future. Presumably the wording is as it is a prudence measure more than anything else.

I am sort of thinking employees of the business must own quite a few shares and hopefully that fact will ensure the main shareholders wont take too big a piece of the pie. On that basis i am tempted to hold onto a few as there is no fundamental reason why they can't expand to full national coverage and reap all the benefits that will provide. I think their prudence through the bad times of not over expanding was probably a sensible decision.

rmillaree
03/10/2014
09:15
Space..long time no speak!! I hope you are keeping well ..what are you in these days..don't see you on the bbs much. Tender offer docs out now on website. I agree 45p is a low price in one way ..if it was on the market I think it would be 60p + at the moment on a 10x EPS rating. But this could be the last time for a while that we get the chance to cash in and the hint that dividends might be cut means that I am fairly happy with 45p and a clean exit. The market is cyclical and if the time comes round again to do a tender we might be on the way down. I have held for over 11 years and have an average buy price of about 19p so with the dividends I can't complain
harrogate
03/10/2014
09:03
I'll be hanging onto my shares - Company seems in good health and if they're willing to offer 45pps then clearly they value each share more highly.
spaceparallax
19/9/2014
15:17
Ok Guys - results are out and they include confirmation that they intend to buy back shares at 45p. They have warned though not to expect any additional buybacks after this offer in the near future - doh.


the pre tax profit for the 18 months is 1.26 mill so trending back towards the £1 mill per year minimum level I would like to see them achieve.


looking at the 12 month stage they were only at 560k pre-tax profit so I make that 660k for the 6 months which is a decent improvement hopefully they can keep up this level of profitability or is it too much to hope they can get better this level in the near term?

the intention to add more sites makes perfect sense if the higher level of profits leads them to believe there is enough in the kitty to expand. Shame the kitty doesn't extend to an firm commitment to buying back more shares at ever increasing prices:)

hxxp://www.justcarclinics.co.uk/download/accounts-notifications/JCC%20Group%20Accounts%202014%20PDF.pdf

rmillaree
19/9/2014
15:13
Results out ..look good + a 45p a share tender offer. I suspect that will be enough to get me to sell.
harrogate
05/9/2014
08:33
Lets hope that is the case
rmillaree
05/9/2014
07:59
Hi.
Last year the results and details of a tender offer came out on 10th Sept. I wonder if we will get them next week and if there will be another tender offer this year? I do know that claims volumes across the industry have recovered well this year and generally sites have been busy so JCR should be a beneficiary of that long with everyone else.

harrogate
29/4/2014
07:14
JCR keeping up with the times - not all change is bad i guess

hxxp://www.justcarclinics.co.uk/news/just-car-clinics-invest-audamobile-audatex-across-sites/

rmillaree
17/3/2014
19:17
My usual metrics of cashflow multiple less debt would see this at £6.1 to £8.3m or 50-68p based on the figures for Jan-Dec 2013. (That's not so far out from Harrogate's more conservative valuation after the interims.) It is worth noting, however, that only May and October were wetter than average for JCR's territory, while January and March were about normal. The rest were dry while April and September could probably be fairly described as very dry. I think it is probably fair to say that the year's results overall were highly likely to have been affected by overall dry weather, perhaps with a slightly drier bias to H2.



2014 so far is most definitely wet and likely to be producing better figures.

aleman
17/3/2014
18:09
Good spot Ale. I agree that they are not that good but H2 is usually worse than H1 due to weather and long summer holidays so not bad but as you say hard to make a lot of money. Now pretty much debt free though so say worth 6 times EBITDA = About 50p a share. If they did a tender offer at that I would be a seller. Increase in dividend could be a sign that H1 2014 has started ok.
harrogate
17/3/2014
18:00
No real improvement in these figures - pretty much identical to the first 6 months - not terrible but a pittance of earnings for us - based on the business size and turnover and the amount of effort everyone puts into the business. That's no bad reflection on management - hopefully the general benign conditions in the economy give them scope to find an extra 1% of turnover as profit for us shareholders.
rmillaree
17/3/2014
12:50
12 month interims out. (I wonder how long.) Looks pretty steady. EPS and underlying cashflow before changes in working capital look pretty similar to H1. There is a pleasant surprise in the increased dividend, +10% to 1.27p.

Weather in the JCR region has been very wet since the year end, although less so in the last couple of weeks. I'd also suggest traffic has got markedly busier around Yorkshire in recent months, although my journeys are not really typical. Anyway, I'd hope the start of the final period of this extended year is decent.

aleman
21/2/2014
16:23
If quoted they may I get the sense that not in this case. I will ask though ..especially about dividend timing
harrogate
21/2/2014
16:20
Harrogate - I've just remembered that companies that move the year end back often have a second set of unaudited interim results equivalent to the old year-end. Do you know if this is ruled out?
aleman
17/2/2014
08:57
Oh. Thanks. I had forgotten. That will pick up the wettest weather. I won't see you until the autumn, then. I hope you are keeping well.
aleman
17/2/2014
08:54
Not impending I am afraid since they have changed the year end to June
harrogate
17/2/2014
08:53
I think your pessimism is a good foil for my optimism. Hopefully, the reality is somewhere in between. I'm not sure I would accept 50p, now. No doubt impending results will clarify things a little.
aleman
17/2/2014
08:44
Yes but I am pretty sure they won't want JCR with its footprint and unless there were big jobs for the CEO and CFO I don't think they would want to sell now especially to NARS. If NARS are waking up not sure that is good news either !!
harrogate
17/2/2014
08:41
Don't you think this makes NARS look to be in expansion mode under the wing of QPP (before the cycle lifts industry margins for a year or two)?
aleman
17/2/2014
08:40
JCR Operating profit in 2012 before the bad debt was £679k versus Bashfords of £500k. In H1 2013 they were £278k. Net tangible assets about the same. These figures are skewed by board remuneration at JCR which is very high from the quoted days. Still struggling to get to much more than about 50p - 60p. I think the downsides of this deal are more than the clarity that we might get on JCR value.
harrogate
Chat Pages: 168  167  166  165  164  163  162  161  160  159  158  157  Older

Your Recent History

Delayed Upgrade Clock