Price/Sales 0.1(how low is that)
Est. EPS 2001 30P PE=7.3
Est. EPS 2002 35P PE=6.2
Pendragon PLC. Sale of new and used vehicles, contract hire and after-sales services. BORING I know. Webb from Eaglet has a stake. Car dealers have been knocked down big time over the past few years with car prices dropping. PDG is the largest in the UK
Recently been selling off 20mill of vacant land and using the money to buy profitable large dealerships(jaguar rover in the US), this might cause expected EPS to be revised up. Last interims profits up 60% Lots of large institutions are onboard, and they have also been buying back their own shares at 225P. Dividend 7.4%.
My record so far this year includes DYS at 116P(now 160P), Tgi at 39P(now 50P), SYLT at 72P(now 90P), TRA at 16.8P(now 26P)
Still hold MCR at 44P, HNN at 25P, AIP(bought today 210P), JKX(bought today at 18.5P), some SYLT left.
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