Pendragon Share Discussion Threads

[2trying] 27/5/2020 23:06

Well called , Beeks , mate . Wish I'd snapped up a few when they were hovering around the 5p area ! Thought about it . Decided to "wait and see" . Oh well . Now , my car will be three years old next month - got it new from Evans Halshaw . I'm not going down the MOT route , even though it's immaculate with less than ten thou on the clock . Hey - good news Pendragon - as you have treated me fantastically ever since I got it , you are about to sell me a new car ( just under thirty grand ) . Must be plenty of people in the same situation !

[beeks of arabia] 27/5/2020 21:46

Nearly at 10 today. As I said. I still think pictures of packed forecourts next week will signal a stellar rise, albeit short term. Expect another 50% from here before pausing.

[greg the grinch] 27/5/2020 10:32

People will buy cars to avoid public transport.... coronavirus. Some poeple will now telecommute and wont need a car... I reckon most will still get a car to get around. The turnaround should put us at 15p short term from there 25p not much later, long term potentially higher again.

[gutterhead] 26/5/2020 11:15

I disagree... confidence fuels car sales and there isn't much of that in the economy right now there is also a lot of aged stock to move at lower margins we will see soon enough and happy to be wrong

[beeks of arabia] 26/5/2020 09:55

As expected, a run on the 10p mark coming.You watch the pictures of packed car lots when they open back up, could take this to 15p.

[gutterhead] 25/5/2020 21:27

Berman has a big job to do. Cultural change, perception as an employer so as to attract quality management and repairing relationships with important manufacturers. Undoing all of Finn

[beeks of arabia] 25/5/2020 21:09

Showrooms back open next week. I'd expect to see this around the 10-12p mark by then.

[beeks of arabia] 22/5/2020 20:36

Meanwhile, price up 10% in a week.

[32campomar] 21/5/2020 07:37

Going to be a long haul to recovery, the results demonstrate that very clearly.

[beeks of arabia] 21/5/2020 07:30

Nice detailed update today. Covid aside the business was recovering well. From Jabers1 on the LOOK thread Time to buy a car? Industry hopes for coronavirus silver lining https://www.ft.com/content/488d5886-c6af-4e80-a479-36aca26edd1d In the UK, interest in car buying has surged since Boris Johnson announced in early May a slight easing in lockdown rules. Anyone returning to work was urged by the prime minister to “avoid public transport as much as possible” — a phrase that was catnip to dealers who had been forced to close showrooms eight weeks earlier.

[beeks of arabia] 12/5/2020 09:37

Interesting that the thread is dead. I've taken a position this morning.

[blueflame] 27/11/2019 07:40

Big volumes after the bell yesterday. Could it be the same Scandinavian buyers.

[gutterhead] 26/11/2019 17:18

A lot of buying after the bell today. Could def be taken over.

[karv1] 24/11/2019 13:34

From what I have read the debt is 170 million and 50 million in cash so 120million net debt. With the 100m net debt on the last statement, tho will likely be 120m again by end of the year they said. so with the 120m net debt and with selling 100m of USA assets before tax, and I don,t think these have been counted yet so could 40 million net debt. Last quarter-turned back to 3 million profit over the quarter even tho I suspect the last quarter is normally the weakest. maybe we can brake 4 million profit in the last quarter. with less interest to be paid and saving on the loss-making closure of the car stores tho pensions will cost some for a while. Everyone always needs cars only a matter of time before the cycle returns. Leasing side doing very well. Software side doing very well. Do I think they going to go bust No tho it could take time to recover. If they come out with a 4th quarter profit even with a loss for the year which is already been predicted this price could easily go back to 15p+ Over time we could be 20p or even 30p again it is not impossible.

[nick rubens] 18/11/2019 13:49

Hasn't done much for the share price on that news, though it likely has soaked up the selling and helped it from falling further. Maybe Mr Hedin knows what he's doing buying PDG stock, but owning shares in businesses run by other people is not quite as safe as running the business yourself. Still, it has made PDG more interesting.

[blueflame] 08/11/2019 12:33

Interesting that Swedish Motor industry investor Anders Hedin have picked up a 13 percent stake. Could they come back for the lot....!

[wigwammer] 22/10/2019 12:04

Nice recovery here. Plenty of options, particularly given ownership of assets :)

[mrphil] 20/9/2019 08:24

Decided not to hang on to these. Bought last September and turned out not to be my greatest investment @ -62.80%! Good luck to those with more patience!

[whiteshark1] 18/9/2019 20:23

You are probably right

[porsche1945] 18/9/2019 19:37

Yeah was just looking at where it was back then, they only got back to .10 2009/10....capital raise they had then could be repeated, certainly dont want to get into them for a while, if they do have to raise money you are instantly down to .5.

[bull16] 18/9/2019 12:25

you could be right. PDG went to 1p then and many made a killing. Some Auto retailers are doing ok considering everything.

[porsche1945] 18/9/2019 12:06

All the car retailers heading for trouble and that includes lookers, pendragon a poor business so has hit the wall first but the uk has been bumping along the bottom for three years, trashed sterling making everyone poorer thanks to the brexit sxxtshow, its heading back to 2008 style, fast, can just feel liquidity drying up.

[whiteshark1] 18/9/2019 10:37

Just hoping Mark Herbert the old (short term ) CEO is still holding . PDG is in serious trouble now , an American in charge of uk dealer group could spell problems . I think there will be some good opportunities to make £’s from PDG over the coming months . As for the company - downward trend for a while

[blueball] 18/9/2019 08:59

My target is 1p here.