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Just Car Clinics - Small but ambitious body shop chain

January 2005

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • JCR
  • Price:
  • 22p
After keeping their heads down for the past couple of years, management at Just Car Clinics, 21p, have become  slightly more confident on prospects. The company which operates an independent chain of branded accident repair centres has been around a long time, since 1991 in fact when it was established as a division of Dixon Motors. When Dixon Motors was acquired by Royal Bank of Scotland in 2002, management effectively orchestrated a buyout of the centres by reversing the business into Bikenet. At the time, the deal valued Just Car at just £3.5m (£1.5m upfront plus £2m goodwill payable in tranches between 2003-4),  all this being funded by debt.But 2003, the first year after the acquisition, pro ...

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Just Car Clinic - Shares double since January (October 2005)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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