Pendragon Share Discussion Threads

[jaf111] 28/1/2015 17:17

Nice windfall announcement - Quote from CEO "I am delighted to announce this successful property transaction for the benefit of our shareholders...."

BUT as a shareholder it seems to me that this windfall would have been better used at least in part for a special dividend.

PDG share price has continued to underperform against most other car dealers and if the management are really working for the benefit of shareholders they could have made better use of this windfall.

[joe say] 28/1/2015 11:56

Lose £1.1m of rental income - gain an approximate £960k on interest saving + gearing reduced

Lovely

[mortimer7] 28/1/2015 11:24

A very welcome windfall announced just now. Perhaps just what is needed to kickstart an uplift in the share price:

REALISATION OF INVESTMENT IN KING ARTHUR HOLDINGS SarL
"Pendragon expects to receive in the region of £24m in respect of its original £
10m investment, resulting in an estimated non-underlying profit of £14m"

[suejarvie] 23/1/2015 08:53

Could we be about to make a move upwards? share price starting to stir maybe.

[joe say] 20/1/2015 12:32

plus potential changes re:diesel cars including an increased congestion charge should drive extra sales

[jeffian] 20/1/2015 12:03

Record car sales, low inflation, improving incomes and now reducing petrol prices........come on, my son!

[anony mous] 16/1/2015 16:02

2 massive trades gone through today.Buys of 1.3m and 1.4m shares.Looking to break upside sharply.

[joe say] 08/1/2015 10:56

and in that regard

We expect our year end debt : underlying EBITDA ratio to be better than our target range of 1.0 to 1.5 times.

[felix99] 08/1/2015 10:28

Think car dealers need to boost dividend payouts to give them a decent yield and that will attract the funds too.

[felix99] 08/1/2015 10:14

at the end of the day its a market and somebody who holds must be selling or there is a lack of appetite to buy . It will change just needs patience.

Car dealers like housebuilders - either loved or ignored and sooner or later mkt will not be able to ignore the results any longer .

Car dealers will re-rate as imho investors have not cottoned onto the idea that the whole country leases cars now and so have to change every 2 /3 years when leases are up whether they want to or not - plus they have to service these things carefully at dealers to ensure they don't get hit with penalties when returning the leased car for non complaint service history etc.

Mkt still saying how many new cars can you sell and must end soon but it wont with rolling leases all the time.

Its all enforced repeat business for the dealers who are effectively the distributors for all the lease companies and manufacturers.



Holding this and LOOK as my preferred dealer plays

Our company has a leased Evoque - if you read the terms of the lease its horrendous . have to service at a dealer , have to put on only the tyres that came with the car ( i.e no cheapies just full priced continentals or whatever) supposedly at approved tyre suppliers. Then there will be all the scratched wheels they will do you for on return etc. ( we always get the cars tarted before return to avoid paying through the nose for their ridiculous prices for wheel refurbs , bodywork etc)

[mortimer7] 08/1/2015 09:40

Maybe perhaps a more direct RNS ....
"right that's it. We've told you three times now and you obviously don't care. I don't know why we bother. If you don't want to buy our bloody shares, fine. We'll just carry on making bundles of cash, while you sit there playing with your technicals and your fundamentals ..."

[joe say] 08/1/2015 09:38

Patience Jeffian, patience

At some stage this surely must rally

[jeffian] 08/1/2015 09:21

I am frustrated that the share price seems unable to break out of the band either side of 30p however much good news comes out, and I sense that the Board feels the same way!

"we are pleased to report, for the third time for the 2014 financial year, that our full year results will be ahead of expectations"

[joe say] 08/1/2015 08:37

Further to the Interim Management Statement issued on 31 October 2014, we are pleased to report, for the third time for the 2014 financial year, that our full year results will be ahead of expectations

[mortimer7] 07/1/2015 11:46

You'd think so, particularly with the delayed flow through in to Aftersales revenue. Also 2015 forecast is a slight increase, albeit very small...
"The SMMT expects an increase in registrations of “one to two per cent”, as the market stabilises, with a figure of 2.5 million possible".

[joe say] 07/1/2015 09:34

Your estimate proved conservative - volumes have to rub off into PDG's figures surely?

[mortimer7] 07/1/2015 09:09

Good news for PDG with the the largest UK dealership network:
SMMT figures released today show UK New car registrations for December 2014 are up 8.7% over December 2013 at 166,198 units.
The 2014 year total of 2,476,435 new cars registered is the most in a calendar year since 2004. 9.3% higher than 2013

[mortimer7] 06/1/2015 18:20

SMMT figures due out tomorrow for December New Car Registrations & 2014 total.
2013 total was 2,264,737, so I expect around 2,470,000 for 2014 around 9% increase.

[flyfisher] 19/12/2014 08:07

Sale of truck business.

[battlebus2] 11/12/2014 09:16

Probably not long enough davidosh. bought a few other stocks this week so seemed an ideal share to cull.

[davidosh] 11/12/2014 00:34

battlebus2....How long have you been waiting ?

Personally I prefer Cambria in this sector but they have been moving sideways and backwards for six months now despite excellent news, figures and sector growth.

[battlebus2] 10/12/2014 17:56

Sold out, just broke even, couldn't wait on these anymore GLA..

[jeffian] 04/12/2014 11:45

Unfortunately, PDG is immune to good news..............

8-/

[mortimer7] 04/12/2014 11:31

More good news for PDG in UK new car registration figures for November :

New car registrations grew for the 33rd consecutive month in November, up 8.0% to 172,327 units. 2,310,237 cars registered in the year-to-date, a rise of 9.4% and ahead of the 2013 full-year total.

[nigelmoat] 02/12/2014 10:51

Liberum today raises target price from 30p to 35p and reiterates a 'hold' recommendation.