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PDG Pendragon Plc

35.55
0.00 (0.00%)
24 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Pendragon Plc LSE:PDG London Ordinary Share GB00B1JQBT10 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 35.55 35.25 35.40 - 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Automotive Dealers, Nec 24.5M 81.7M 0.0575 59.30 4.85B
Pendragon Plc is listed in the Automotive Dealers sector of the London Stock Exchange with ticker PDG. The last closing price for Pendragon was 35.55p. Over the last year, Pendragon shares have traded in a share price range of 15.40p to 36.45p.

Pendragon currently has 1,421,944,405 shares in issue. The market capitalisation of Pendragon is £4.85 billion. Pendragon has a price to earnings ratio (PE ratio) of 59.30.

Pendragon Share Discussion Threads

Showing 4826 to 4850 of 4850 messages
Chat Pages: 194  193  192  191  190  189  188  187  186  185  184  183  Older
DateSubjectAuthorDiscuss
25/2/2024
15:14
Thanks for setting it up
niklol
25/2/2024
15:14
Thanks for setting it up
niklol
25/2/2024
15:13
Thanks for setting it up
niklol
25/2/2024
15:13
Thanks for setting it up
niklol
21/2/2024
09:34
Pendragon has been relisted as Pinewood Technologies (PINE).

A new thread has been set up here:

eagle eye
20/2/2024
19:24
Chief Exec of Pinewood sold shares worth £509,546
niklol
09/2/2024
10:34
So not just “further Hedin selling”…;.. he has sold out completely 👍👍👍
He has done well, not least in terms of keeping the price up…..will now wait news on who bought them….
Nevertheless plenty of upside now with the ‘new PDG’ 🤞🤞🤞

jaf111
08/2/2024
17:15
Either way volume quite high suggesting some further Hedin selling….
jaf111
08/2/2024
11:10
News pending me thinks…..certainly Mr Market believes so!
jaf111
06/2/2024
19:31
I've been in direct contact with them and the expectation is by the end of March as per my earlier post.
elsa7878
02/2/2024
16:39
Sorry but without wishing to be pedantic that RNS was over a month ago….i was referring to the 1 Feb announcement confirming disposal completion.
Anyway hopefully there will be another announcement re timetable shortly 🤞🤞🤞

jaf111
02/2/2024
15:54
Last sentence.

28 December 2023
Pendragon PLC ("Pendragon" or the "Company")
Update on the Disposal, Subscription by Lithia, Strategic Partnership, and proposed Board changes
Pendragon is pleased to announce that the FCA Conditions have now been satisfied after both Pendragon and Lithia received approval from the FCA for the change of control of Pendragon Finance and Insurance Services Limited.
As a result, and in accordance with the terms of the Sale Agreement, the completion date for the sale of the entire issued share capital of Pendragon NewCo 2 Limited, the entity that holds, either directly or indirectly through its wholly-owned subsidiaries, Pendragon's UK motor business (sale and servicing of vehicles in the UK) and leasing business (fleet and contract hire provider and used vehicle supply), to Lithia is expected to take place, following the satisfaction of the remaining customary completion conditions, on 31 January 2024 ("Disposal Completion") alongside the completion of the Subscription to Lithia and entry into the Strategic Partnership with a wholly-owned subsidiary of Lithia Motors, Inc..
Completion of the Transaction will mark the beginning of the transformation of Pendragon into Pinewood Technologies, a pure-play SaaS business, which operates the Company's dealer management software business. The Board strongly believes that the growth prospects for the Company will be enhanced materially as a result of becoming a standalone business, as well as through the Strategic Partnership with Lithia.
Outstanding Conditions
The Reorganisation Condition and the Pensions Condition remain outstanding and are expected to be satisfied on or before 31 January 2024.
Satisfaction of the Reorganisation Condition is within the control of Pendragon.
The Pensions Condition has been addressed by all relevant parties executing the documentation necessary to satisfy this Condition. Satisfaction of the Pensions Condition remains subject to a technical statutory formality which cannot be addressed earlier than Completion and which is therefore expected to be addressed on Completion.
Transaction Dividend to Shareholders
Following completion of the Transaction, the Company confirms its intention to return a cash amount equivalent to approximately 24.5 pence per Ordinary Share to Shareholders by way of a special dividend (the "Transaction Dividend"). The Transaction Dividend is now expected to be paid in Q1/Q2 2024.

elsa7878
02/2/2024
15:15
Ok maybe that is the case but that could be easily communicated….a sentence or two added on to the last RNS???
jaf111
02/2/2024
14:25
Dividend in March. The company year end accounts are being done and need to be signed off saying they have sufficient distributable reserves. Box checking but part of full audit process hence not immediate.
elsa7878
01/2/2024
21:19
From Lithia’s news announcement….

MEDFORD, Ore., Feb. 1, 2024 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) announces today that it has completed the transaction with Pendragon PLC ("Pendragon", to be renamed Pinewood Technologies Group PLC "Pinewood Technologies") acquiring the UK motor and fleet management divisions of Pendragon, the UK's third largest automotive dealership group and forming a strategic partnership with Pinewood Technologies.

LAD's UK operations will expand their digital capabilities by integrating the Pinewood technology platform across all locations and will co-develop automotive technology solutions to capitalise on the North American market opportunity through a joint venture. Pinewood's dealer management software remains listed on the London Stock Exchange under the name Pinewood Technologies plc and will become a pure-play software-as-a-service (SaaS) business.

LAD's acquisition of Pendragon Vehicle Management ("PVM") adds a highly profitable fleet management services business, and the UK motors business expands the brand and geographic footprint rounding out the reach and density of the network in the UK market. These additions build on the final adjacencies contemplated in the company's strategic design outlined in 2020 and growth in the United Kingdom.

jaf111
01/2/2024
19:39
No word of when Pinewood will take the place of Pendragon on The Stock Exchange
niklol
01/2/2024
08:07
A little disappointed by the lack of news on divi payout….surely this is pretty straightforward and no reason to delay now deal completed🤔
jaf111
31/1/2024
13:34
Very much looking forward to RNS tomorrow confirming completion of Lithia deal and further info / timing of the 24.5p divi….

Shares have had a decent rise so far this year despite Hedin’s selling and, imho the outlook for the new company looks pretty exciting

jaf111
22/1/2024
21:02
Not necessarily….I might add to my Vertu position
jaf111
22/1/2024
20:28
Presumably when the dividend is received people will be re-investing back into the remaining/newco business?
nfs
22/1/2024
08:54
As predicted Hedin still selling….actually at increased pace….now done to just under 11%…

Price remains steady so all good imho…..

jaf111
17/1/2024
21:36
The offer is valued at 35.4 so still money to be made even before an uplift in Pinewood. If you do buy make sure it’s in a SIPP or ISA or the dividend will be taxed.
elsa7878
17/1/2024
20:06
Another Hedin offload today is likely. The share price increases on a bad stock day. It's good to see there is faith on the software/cloud business going forward.
c_k
15/1/2024
13:59
Hedin continues to offload….stake now below 15%, but share price remains steady as new / existing institutions take the shares…….eg Newtyn has doubled its stake to 10%

All looking rather bullish to me post the completion of the Lithia disposal

jaf111
05/1/2024
16:26
The total for new car regns in the UK for December issued this morning :
141,092 a 9.8% increase on Dec 2022 total of 128,462.
The years total for 2023 is 1,903,054 vs 2022 total of 1,614,063.

The annual increase has been due to increased Fleet market sales, apparently largely due to order backlog catch up.

SMMT forecasted a total for 2024 of 1,970,000 in October. They are due to revise that figure this month.

mortimer7
Chat Pages: 194  193  192  191  190  189  188  187  186  185  184  183  Older

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