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Just Car Clinic - Shares double since January

October 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:
  • 46p
The shares have doubled since we made them a NAP in January. H1 results for the six months to 30 June were respectable, showing a sharp improvement in operating profit despite not opening any new accident repair centres during the period. Instead, it was a combination of improved workshop utilisation arising from the additional contracts which drove up margins and profitability, although a slight price increase played a part. Overall, sales rose by 7% to £12.55m and pretax profit rose from £0.1m to £0.3m. Operating margin improved from 2.2% to 3.3%. Earnings were 2p.As we stated in January, Just Car is on the lookout for acquisitions at a time when most insurance firms are already polarising to fewer suppl ...

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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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