Car repair centres JCR is now a raging buy imho following today's news.

Profitable, and second half started well, now after all the problems of a lone fraudster who has since been outed, comes the final settlement and imho secures JCR's future as well as slashing bank repayments.

Before this settlement Brewin came out with a 30p fair value note, now I expect an upgrade.

So at 22p plenty upside now. The uncertainty over JCR's claim held back the shares, but now they can fly. They also have quality 20 million turnover and an unused bank facility of 2.5 million which can be used to fund further expansion.

When you have a market cap of under 3 million all this is a bit good!!!!

Just Car Clinics Group plc ('the Group') announced today that a settlement of
the warranty claim against Dixon Motor Holdings Limited ('Dixon') has been
agreed.

Under the settlement, Dixon has agreed to reduce the deferred consideration
payable by 680,000 and to pay a contribution towards costs. Dixon will also
reimburse interest paid, calculated on the total settlement from the date of the
acquisition in January 2003.

Commenting on the settlement, Barry Whittles, Chief Executive of Just Car
Clinics, said:

'I am very pleased that a speedy and amicable agreement has been reached with
Dixon which I believe represents a fair resolution of our claim and I look
forward to continuing the mutually beneficial trading relationships between the
parties'.

A near perfect triangular breakout!

Cracking two way trading today - i like that, the stale bulls being replaced by new investors.

Bought some of these this morning at 30.5p/30.65p which seems to have shifted the MMs off their *rses. I had a good run with these in 2003 before their blip and they still seem on track so glad to be back.

Hi Bones, i remember you being in, great to see you back here.

Hi Hawick, thanks. I'm looking for a move to 50p in the short term. Longer term, hard to say.

Looks like progress is continuing well:

Just Car Clinics Group PLC
11 May 2005


FOR IMMEDIATE RELEASE 11 May 2005


Just Car Clinics Group plc

Annual General Meeting


The Board of Just Car Clinics Group plc announces that, at the Annual General
Meeting held earlier today, all of the resolutions, set out in the notice
convening the meeting dated 11 April 2005, were passed unanimously.

During the meeting, David Hickey, the Chairman, made the following statement:

'Trading during the first four months of 2005 has been positive, with turnover
5% higher than the equivalent period in 2004. Profitability has also improved
and is slightly ahead of the Board's expectations.'


For further information, please contact:

Just Car Clinics:
Barry Whittles, Chief Executive 07850 268369
Chris Elton, Finance Director 07702 598344

Buchanan Communications:
Tim Thompson 020 7466 5000


This information is provided by RNS
The company news service from the London Stock Exchange

Bones don't know if you saw Harrogate's visit to the AGM.

Report from a (the!) shareholder who went to the AGM today. I know he has been a JCR holder for some years.

"Here goes

I was the only outside shareholder there !!

Started on time at 9.00 finished at 9.30 -Only lasted that long because of my questions

Issues that came out

1) Comfortable with the Brewin Dolphin note forecasting 25m sales in year - As the trading update stated. I was given a copy of this and will pdf to anyone who sends me an email brandon.barnett@authentix.com

2) I asked about growth - they do not plan any greenfield start ups since it takes too long to get them up and running and get new insurance approvals and to staff. They are looking at acquisitions - barry Whittle told me during my tour round that they are looking for single site body shops with turnover in the 750k - 2m with insurance approvals where the owner is retiring. They would always lease the site not buy the buildings.They do see growth from the existing branches

I asked if they intended to raise equity to do deals - The chairman said yes it was an option but that nothing was imminent and that nothing they had looked at yet had got through the review process.

Barry Whittle said he was looking at 2/3 a year over the next few years with turnover getting to 40m

3) On the deferred consideration Chris Elton confirmed that the repayment schedule looks something like this

) On the deferred consideration Chris Elton confirmed that the repayment schedule looks something like this

2005 - 0-
2006 - 225k ( in 4 quarterly payments)
2007 - 575k ( in 4 quarterly payments )
2008 - 500k on 1st Jan 2008

Interesting to note that the Brewin Dolphin note doesn't count this as debt - Chris Elton confirmed that internally that this is counted in the debt column !

4) The limiting factor in the business is not capacity at the sites but good technicians - Staff numbers are up 21 since the average for 2004 but they want more people - This is a recurring theme and the training and apprenticeship schemes thay have will be great for the future - they have 30 apprentices at the moment and want 100.

5) They clearly have good relationships with the insurers but Barry was very clear that getting price increases through them was unlikley.

6) They intend to try to get more manufacturers approvals especially with premium brands and this is where margin improvement can come from.

I was shown round by Barry whittle the MD after the meeting and introduced to most of the people there - Development,HR and branch manager. I was impressed with the level of detail at the finger tips of the lot of them - including the Chairman and Barry has a clear idea of what they need to do.The atmosphere in the place was excellent with everyone saying hello to me as well as being busy.

Conclusion?
A very well run company that has invested a lot of time and effort in the last 2/3 years in staff training and techonology that I think we see coming through now to the bottom line -the trading update was very positive on profitability. Almost all the staff have been with the company since the Dixon days

I don't think we will see an acquisition in the short term though and when they find the right candidate they will do it right

I am a strong holder of all my shares and I think that over the next 2/3 years we will see capital growth - Brewin Dolphin note dated 7th March has a price target of 36p

Any specific questions ask away and if I saw something relevant I will tell you

I now feel that I can call either Barry or Chris if I have future questions so a useful morning.

The bank debt is repayable :

2005 - 533k
2006 - 580k
2007 - 580k
2008 - 145k

Thus they will be debt free by Q1 2008 on current schedule."

All supremely positive. A lot of repayments are met through cashflow.

Hawick, yes I did, and we are starting to see some price action now!

Nice little move up again, good to see a share on the up in the small caps.
DB66

I know you have seen this bones but here it is for goldfinger:

Someone I know owns an industry leading website for the Crash Repair industry... Take a look at the following advertisement by JCR. This proves that they are aiming to grow.....:

Dated : 07/6/05

Subject: Just Car Clinics * Acquisition Strategy



Just Car Clinics Group plc, is an AIM listed company with a turnover of 24
million and currently operates 13 accident repair centres in Yorkshire,
Lincolnshire and the North Midlands.



The company is seeking to grow by the acquisition of appropriate bodyshop
businesses located reasonably close to our existing locations.



We are looking for single sites or chains located in North Yorkshire, West
Yorkshire, the Midlands, Manchester or Lancashire. Ideally these will be
situated within a 30-50 mile radius to the north, west and south of our
existing sites.



If anyone is potentially interested in disposing of their business, in the
first instance please contact Barry Whittles on (number) or email
barry.whittles@justcarclinics.co.uk.



All discussions will be entirely confidential.

Shows they are hungry for growth.

cheers GF.

The chart looks brilliant and today's interims should be the precursor for further share price growth. A classy little company.

Worth noting the second half, still to come of course, is traditionally the bigger one b a decent way.

'Just Car Clinics Group plc ('Just Car Clinics' or 'the Group'), the independent
collision repair chain with thirteen vehicle collision repair centres, today
announces interim results for the six months ended 30 June 2005.

Highlights
* Turnover up 7.4% to 12.55 million (2004: 11.68 million)
* Gross margin improved to 43% (2004: 42%)
* EBITDA up 15.1% to 663,000 (2004: 576,000)
* Underlying EPS up 122% to 2.0p (2004: 0.9p)
* Operating cash flow strong at 1,097,000 (2004: 113,000)
* 'In Touch' a web based system for customers to monitor repair status
online and automatically provide updates by text message and email installed at
all locations - customer feedback extremely positive
Commenting on the results, Barry Whittles, Chief Executive of Just Car Clinics,
said:
''I am delighted with these results which reflect the Group's ability to attract
additional contracts with insurers and other work providers. We are confident
that the successes of the first six months will be continued and believe that
the prospects for the future growth of the Group are very good'.

Fantastic chart.
Growth Company Investor


Just Car Clinics - BUY
Companies: JCR
12/09/2005

Just Car Clinics, the markets sole independent collision repair chain, motored home with strong interims to June and is keen to hit the acquisition trail in a consolidating body shop sector. Steered by chief executive Barry Whittles, who led the 13-strong chains MBO from Dixon Motors in 2003, JCC operates branded repair centres across Yorkshire, Lincolnshire and the North Midlands. Figures for the seasonally weaker first half the winter months are busiest revealed improved pre-tax profits of 315,000 (111,000). Turnover was 7.4% higher at 12.6m on the back of volume and price increases, and the meeting of insurer quality targets. JCC, the countrys second biggest independent chain in a 5.4bn market, has plenty of capacity for growth with only a 0.5% market share. Major customers, blue chip insurers like Norwich Union, AXA and RBS, are warming to his strategy of offering branded, modern, clean body-shops. Whittles says small under the archways players are being squeezed out, as insurers prefer larger chains. Now that Whittles has strengthened the balance sheet and fortified ties with insurers, acquisitions are the next logical step. Analysts are forecasting a jump in pre-tax profits from 500,000 to 600,000 for the calendar year, on improved sales of 25m (23.5m), giving earnings of 3.3p a share. On a forecast p/e of 12.7, the shares look decent value. Buy.

James Crux
Market cap: 5.39
PE Forecast: 12.7
Share price: 42p

Juicy chart! -:)

Watch out holders. I hear a share tip sheet that follows this one as this weekend slapped a sell/take profits on this one.

Must admit it was looking rather topy at the present price. No doubt further entry points at a lower price will provide buying opportunities.

cheers GF.

Chart still looks A1.
If i did everything tip sheets said I'd be long since broke.

Nevertheless i look forward to hearing 'wat' they have to say, if indeed it is true??!

I maintain my price target of 55-60p, mainly on fundamentals and quality of management.

Hull Daily Mail
04 October 2005

Hull-founded collision repair chain Just Car Clinics has been honoured for its commitment to customer care.

The firm scooped the prestigious Customer Care Award at the annual Bodyshop Awards.

Just Car Clinics was founded in 2003 following a management buyout at the collision repair business of Hull car giant Dixon Motors.

It has 12 car clinics, including one in Clarence Street, east Hull.

This year the firm, whose head office is now in York, launched its new "In Touch" initiative to improve levels of customer care and raise the standard of internal and external communications.

Group training and development manager David Hall said: "It was an honour to be selected as a finalist in the customer care category, let alone win, as it is a fiercely contested award.

"IF INDEED IT IS TRUE". Suprised at that comment Hawick, I never thought as an online freind you would stoop that low.

ANYBODY else seen the tip sheets advice this weekend? from a much respected tip sheet in fact probably only second to Techinvest on subscriber numbers. And its not whatshot as Hawick implys.

cheers GF.

Gives me no great satisfaction to say 'I warned you' now down 12% but its a good company so please keep it on the radar.

cheers GF.

The tip sheet goes on to say further fund raising is a possibilty and implys a bad winter is required?.

cheers GF.

The sell off continues.

cheers GF.

GF,

I think Hawick was referring to the rumour, not attacking you personally.

Hawick is a positive poster on MAM, so i'm sure he didn't mean any offence.