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Pendragon Share Discussion Threads
Showing 3501 to 3525 of 3525 messages
|Well I was a seller at this level. I paid less than 15p for them and was thoroughly unimpressed by the results, so I banked the profit. It may be on a "modest rating" but the market doesn't seem to 'like' this company and hasn't given it a decent rating for years and I can't see much reason for it to break out of the range in which is has been trading for the past year, despite persistent good news about its marketplace. It's on wafer-thin margins and is vulnerable to any downturn in the car market as we come into a period when it is likely that consumer spending power will be squeezed. In the meantime, I have the opportunity to recycle the money into a deep-discounted Rights Issue in RPC which is guaranteed to give an immediate c.30% uplift in value with continuing growth from a company with an excellent track record.
Hope that helps.|
|Not that I would put much money where the IC say, but they have retained this as a buy citing the lack of recovery since the Brexit fall amongst other factors.
Been a volatile few days but broken clear of that small area of resistance which always bodes well.
Cannot understand sellers at this level, but I would happily be on the other side of the trade if I had the funds|
|Every time I hear the current board talk about expansion and new initiatives I cringe given their past success, I wish they would run the business for cash and have a more aggressive buy back policy.
Pinewood looks interesting though anyone know if external customers contribute any of the profits yet?|
|Tintin - not sure about "double digit growth".....AFAICS this comment relates to used vehicle revenue only.
IMO these results are pretty disappointing and I will be expecting better from Lookers and Marshall Motors who will both be reporting within the next month. Also there should be trading updates from Cambria and Vertu.
I remain positive on the sector and agree that PDG is on a very modest rating. But for me there is even better value elsewhere in the sector.|
|One must allow for the exceptional gains in 2015 from disposal of property and investments, which amounted to £24m. The results seem decent enough to me and the company is on a very modest rating.|
|Growth in revenues, maybe, but profits? Unimpressive figures (with much obfuscation and "underlying" interpretation), wafer-thin margins, increasing net debt.....and all in a boom market which is probably as good as it gets.|
|They are making cash profits of 1/10th mcap a year! How exactly is this not great? Confident of double digit growth also.|
|seems ok to me. Nice yield and debt levels ok. Happy to hold.|
|Agree not a great set of results. Cheap I suppose with a reasonable yield.|
its the oxman
|That's me out. If that's the best they can do in a rip-roaring car market, goodness knows what will happen when the cyclical downturn comes. Profit taken.|
|not sure i agree...uninspiring would be my view.....|
|Very bullish results indeed. 'we believe we can achieve at least double digit growth in used revenue in 2017 and our aspiration over the next 5 years is to double our used vehicle revenue.'Total cash cow.|
|'UK Car registrations surge to 12 yr high' There are times when a share price becomes truly detached from the underlying reality. This I believe is such a case. Highly cash generative, consumer demand clearly not dipping. Looking to add more if I can.|
|Nice to see the break from recent resistance. One sector that is in for a good recovery IMO, seriously cash generative and undervalued.|
|This from Citywire -
"Odey drives in at Pendragon
Hedge fund veteran Crispin Odey has added to his holding in car dealership operator Pendragon (PDG) following a slight recovery in its share price after it took a beating following the Brexit vote.
Odey increased his stake in the company from 204 million shares to 229.4 million, a 15.95% stake worth £72.7 million at a share price of 31.68p, down 32% over one year.
Most of the shares are held in the Odey Allegra International fund while the rest are distributed among other funds holding less than 3%.
While car dealers were hit hard by the Brexit vote they have since bounced back and in an interim management statement covering the period from July to 24 October, Pendragon said it did not see a noticeable change in customer behaviour.
In fact the company reported a strong third quarter, with a 6.3% increase in group underlying profit and a 5.7% growth in revenue compared to the same period in 2015. Chief executive Trevor Finn added that full-year performance would be in line with expectations. Analyst consensus for the stock is 'buy'."|
|Recovery looking good this morning|
The EU will have imploded by then - with a bit of luck|
|that's optimistic, more like 10 years at least to sort this mess out.|
|Another 30 months approx until the UK is post Brexit.|
|On the bright side, the company can buy back shares at lower price which will help boost eps (although only so slightly) and will reduce future future div payout on such buy-backs.|
|Brexit is to blame for the £ crash and the share price crashes for all domestically oriented business, not just limited to pdg. Look across all the domestic focused companies, from banks (lloy in particular), retailers (next, mks, dixons etc), all the builders, all the commercial properties, look, vtu, mars all the motor dealers, and many more.
Only the big internationally focused business earing $ profit, like pharms, oilers, miners, brewers etc are making the gains thanks to the crashing £. In $ terms even them are not making any big gains.
I wonder why the Brexiters are not BUYING the Great British considering that the post-brexit GB is so great in their vision.|
|Some rises against wider market falls today, not seen that for awhile.
One day does not make a trend as we know.|
|Car dealers and house builders are currently trading at historically low multiples despite the fact that all their numbers are still pointing to healthy demand.
Sooner or later the market will be proved right or these stocks will have to be re rated which means at least 30% upside.|
|The sector is being treated with extreme caution by markets,
the numerous capital raises during the last downturn do not help sentiment.
In very broad terms sector wide balance sheets look stronger than '07 before the last
financial crisis took hold.|
|Local HD dealership has a hopeless manager, where despite my having bought 6 Harleys in the last 2 years scuttles away whenever sees me. The staff are badly motivated and "apparantly" the sales team are not permitted to buy any big tourers.
The weekly BBQ was stopped on the grounds of food poisoning (this was untrue it emerged and simply a cost saving). The coffee machine has reduced the variety of coffees and there are recent incidents of important elements in the servicing of bikes that are neglected.
Having been a thriving place full of customers and potential customers it gradually and very very slowly had a dwindling footfall. Feel somewhat embarassed that I will be pounced in by a bored salesman if I go in there. I don't any more. But I am looking to buy another new HD.
The group have closed at least 1 HDdealership plus a Triumph one.
All smacks to me that this company is a mess and is doing its very utmost to go bust. The kiss of death will be to lose the LR dealership in the heart of the LR manufacturing empire.
Methinks the company want to go down the car supermarket route to compete for the bottom of the pile.|