This company is certainly catching the eye of Analysts and Tipsters. I have kindly borrowed this summing up of the company from an online associate and agree with his findings. This really is an undervalued company.

Car Clinic (JCR traded on AIM) – Market Cap 1.32million

Business

Company owns 12 accident centres. Was formerly a division of the Dixon Motor Group.

Opportunity

Profit of circa 700,000 at interim stage – Is a growing business, so every confidence that this performance will be matched in second half, generating 1.4million in cash profits for the group. As others have pointed out this would essentially put company on PE of 1.

Company does have debts, which will require servicing. Currently 2.25million, though repayment has been more than fairly structured and allows significant amounts of cash to be retained by JCR. I assume these monies will be used for bolt on acquisitions and possibly early repayment of debt.

From my various conversations with an existing large shareholder, and to a certain extent recent statements from the company, the debt will be repaid at the rate of 400k per annum. From my calculations, and conversations with various sources, net profits this year should be more than 600,000. Compare this to the measly 1.32million market cap. As I indicated above, this is ludicrously cheap. ( NB This figure takes into account costs of acquisition, associated legal fees, initial banking fees and initial repayments. Remember, the repayments begin in earnest, next year.)

Going forward however, annual profits of more than 1.4million can be expected from the group. I expect the company to beat this comfortably next year and to continue growing at pace. So in effect, I believe Just Care Clinic can deliver annual net profits of more than 1million – Remember this is net profit. (i.e. after repayment of debt)

Directors Buying

And why shouldn’t they? They obviously see the great potential here. The Finance Director, Chris Elton was formerly FD at Dixon Motors, but moved over to take part in the action.

The future

I expect the company will be more focussed on bringing in further contracts with insurance companies. When Just Car Clinic was part of the Dixon Motor Group, whilst profitability was obviously important, as the business wasn’t a core component of the larger group bringing in new contracts was likely seen as a problem rather than a chance to deliver greater profits. I suspect the management team, motivated by significant shareholdings, will be keen to bring in as much ‘big’ insurance business as they can. I expect the company to make an announcement to this regard within the next few months or so. This is based on nothing other than gut, experience and feedback from various sources involved in the industry.

Take a closer Look

Equitygrowth.net wrote a brief piece on JCR in its 7th February newsletter. Shares Magazine has also provided positive coverage of late. I do agree that the figures do appear too good to be true, that is why I encourage investors to do their own research. This stock is undervalued – FACT. I am confident these shares will do well in the coming weeks as more investors recognise the potential, whilst going forward this is excellent material in my opinion. This isn’t hype, this is all fact which can be confirmed with just a little time and effort. Shares are currently 10.5p offered. I cannot emphasise enough - JCR is one to have a look at.

Please DYOR.

WELL WORTH GETTING IN FOR A QUICK PROFIT. This as a very high beta and should really take off over the next couple of days, but please keep a close eye on it.

Just Car Clinics Group PLC
22 October 2004




FOR IMMEDIATE RELEASE 22 October 2004


Just Car Clinics Group plc
Settlement of warranty claim


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'.

For further information, please contact:

Just Car Clinics:
Barry Whittles, Chief Executive 07850 268 369
Chris Elton, Finance Director 07702 298 344
Buchanan Communications:
Tim Thompson 020 7466 5000






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


cheers GF.

Up just under 20% on the day and more to come I feel.

cheers GF.

The maths behind the RNS announced friday.......................

Deferred consideration stood at 1955,000 at half year, so a 35% reduction is more than welcome.
That will remove the bank overdraft. So 680,000 at 8% is 55,000 pa (830,000 at 8%, see below, would be 65,000) in interest saved. Based on this, I think the "refund" of interest will be somewhere in the region of 100,000 and lets say a contribution of 60% to investigation costs, that's another 50,000.

So in summary, P&L has improved by 150,000 this year with an ongoing improvement of 55,000 to 65,000 and the Debt is reduced by 830,000 in total, assuming all the Dixons money is used to pay off debt.

On a P/E of 8 that's worth another 1.2m on "Enterprise Value" ie 400,000 for interest saving and 800,000 for debt reduction.

cheers GF.

Goldfinger - I note your point is a repeat of one on another BB. Pity you didn't read the following posts re:incorrect interest rate assumption.

Ramper are we?

Not at all, both posters agreed that the final outcome was the same.

cheers GF.

That is my share for today...

UPS
JCR 35.5p
Indicators at oversold and now rising with MACD on the turn.
Profitable company with Interim results last September
well undervalued as sells are 25M and market cap of only 4.6M
& on a PE of 7.7 has increased profits for the last couple years
and looking for adquisitions
Small NMS 5K, expecting trades to be reported as delayed

I agree MRSI, well oversold. Horribly illiquid share so the swings in price are exaggerated, and the spread is awful. The MM's take the p*** out of investors on this one. Trades over 5,000 are usually reported delayed by 2 hours.

An acquisition is expected if management comments follow through. They have mentioned North Yorkshire. Any acquisition should be earnings-enhancing.

Bought in again this morning. Thought the chart was looking as it was heading for 30p but I beleive a lot in Master RSIs TA wisdom not the over hyped up talk you get on the other thread from one poster.

Really starting to do the business again.

Business model looks on track after a dodgy 18 months.

Moving up nicely.

Must be a new high.

Nice to see these positive again.

Some momentum behind these.

Results to end of Dec should be out soon.

Right on cue..

Just Car Clinics Group PLC
08 February 2007



FOR IMMEDIATE RELEASE 8 February 2007



JUST CAR CLINICS GROUP PLC


On behalf of our client, Just Car Clinics Group plc, the independent collision
repair chain with seventeen vehicle collision repair centres, we notify the
London Stock Exchange that the Company will be announcing Preliminary Results
for the year ended 31 December 2006, on Monday 5th March 2007.


For further information please contact:


Tim Thompson / Robin Haddrill
Buchanan Communications Ltd Tel: 020 7466 5000

Just Car Clinics FY pretax up at 780,000 stg, current trading in line with hopes
AFX


LONDON (AFX) - Collision repair chain Just Car Clinics Group PLC reported higher full-year pretax profits driven by a 12 pct growth in sales, improved margins and cost control.

It posted pretax profit for the year to Dec 31, 2006 of 780,000 stg, up from a restated 583,000 stg one year earlier. Group turnover grew 12 pct to 27.8 mln stg, while like-for-like turnover rose 9 pct.

It said trading for the first two months of 2007 is in line with its expectations, adding that it believes it is well positioned to continue its 'successful growth', both organically and by increasing the number of locations.

The company expects to start dividend payments within the next 12 months.









newsdesk@afxnews.com

ssa/pmi/vlb

Thats a new high......... NICE.

Sound start to the week.

Forward P/E of 16 and PEG of 0.9 to end of Dec this year.

Should be trading on a fair P/E of around 25 so plenty to go.

This looks great, GF. Could be another SMC, eh!

Looks like a new high.

Doing very well, out of this bought at just over 10p.................. NICE paul eh.

Another fine day and another high.

Forward P/E of just over 17 to end of Dec 2007

dropping to 15.5 end of Dec 2008

More left in this me thinks.