The last thread is looking rather tired given all the developments at this company!
I am making a big call right here, now is a great time to get back in Just Car Clinics, JCR and we need a new thread to make the point clearly and refocus on the overpowering reasons.
It has had a load of bad publicity recently as a lone fraudster was outed by the new management who had undermined the company before the Bikenet takeover.

That IS in the past and any settlement can only favour the company.

So why buy NOW at 18.25p (to buy,)? Brewin Dolphin have come out with a note (on a 2.5 million market cap company, speaks for itself!) saying fair value is 30p, based on very modest (their words) forecasts. The market cap is a paltry 2.5 million or so even allowing for the small dilution. balance of risk is now massively in our favour.

This profitable company has terrific cashflow, an unused banking facility of 2.5 million (entire market cap) has expanded from 12 to 14 care centres, numerous awards for management quality and stands to gain not only from what has been a miserable summer weatherwise but also any settlement of the fraud case. Turnover nearly 8 times market cap.

In short, it is a high quality business.

What are the risks. Very few. Really only one. Rising interest rates may slow growth as repayments become due, but they have been successfully negotiated on the basis of the new numbers and run over a period of several years, so are under control and entirely manageable.

The chart has found repeated and solid support at 17p looks strong and was recently highlighted on the exploding stocks thread as one to prepare for upside action in the near future. Selling pressure has collapsed and these could move up very quickly once they get going. Last resistance has been virtually flushed out.

I sense a fair number of you have been hovering around the buy button for a while. Wait no longer.

Again that market cap of 2.5 million, I rate these a belting buy. My own eps estimate, fwiw, is 4-5p per share for the current year, based on previous prformance and trading updates.

A chart triangle has competed suggesting an imminent move:

Interesting news from the company........................

Just Car Clinics pioneers new sensor technology

Just Car Clinics is pioneering an innovative piece of technology that helps drivers to reverse safely and avoid minor scrapes and bumps.

All 13 of the collision repair chains' branches, which are located across the Yorkshire, Lincolnshire and Nottinghamshire region, are now able to fit 'Steel Mate' parking sensor technology in the rear bumpers of customers' cars. Steel Mate works by using ultrasonic sensors to alert drivers when they are getting too close to another vehicle or unseen obstacle as they reverse their car.

An audible buzzer or a small display, which is positioned on the dashboard area, alerts the driver to exactly how close they are to the obstacle so that they can avoid colliding with it.

Barry Whittles, Chief Executive of Just Car Clinics, explained: "We recognise that reversing is a major cause of scuffs and dents in people's bumpers. This type of damage often occurs in car parks and can easily be avoided with this exciting new piece of technology."

Barry added: "However, Steel Mate is also invaluable from a safety point of few, especially when you consider the fact that every day a child in Britain is run over by a reversing car and, more often than not, it is driven by their own parents.

"How many times has a child walked out behind your car while you have been trying to reverse out of a parking space? The thought of what might happen if you didn't catch sight of them in time is horrific."

Just Car Clinic is offering its customers the option of having Steel Mate technology fitted when their car comes in for repair so that they can increase safety and reduce the risk of damaging it in the future by receiving a helping hand when it comes to reversing in and out of those tricky parking spaces.

Barry added: "We are not just about repairs, we know that a crash is always upsetting and inconvenient for people and that's why we want to try and prevent it from happening wherever possible!"

cheers GF.

Good stuff GF! I believe this business is now in its strongest position since the takeover 18 months ago and at a very decent price of 21p to buy, a great opportunity to make good money!

Good results ('slightly ahead of our expectations') and bullish outlook this morning.


Since the period end, volumes have been higher than expected and, as a
consequence, the Group's performance during this period has been a little ahead
of expectations. However, the key to a strong performance in the second half
will be ensuring that there is sufficient capacity to manage efficiently the
high vehicle volumes expected during the winter months. The Board believes that
Just Car Clinics is well positioned to do this and accordingly remains confident
of the Group's prospects.

Look very good results after the last 9 months problems.

cheers GF.

Yep, eps 0.9p and with the trad busier winter months to come, we could be looking at 2.5p for full year, which would give a p/e of 12 at 30p.

Margins up, turnover up.

Given that the shares are 21p and would surely be up more in busier markets, a real good buying opportunity imho. Hopeful of positive broker press comment over next week or so.