Pendragon Share Discussion Threads

[zingerburger] 10/5/2021 14:45

Lookers report next week I believe

[onjohn] 19/4/2021 12:53

Will fly 30 pc up on the next trading update

[warrenbuffet73] 19/4/2021 07:41

Totally agree def. 2 x bagger and in next 6-9 months

[greg the grinch] 18/4/2021 20:24

x2 to x3 bagger IMHO DYOR

[warrenbuffet73] 18/4/2021 16:36

Buy recommendation https://www.fool.co.uk/investing/2021/04/18/uk-shares-to-buy-now-how-id-invest-1k-today/

[gutterhead] 11/4/2021 15:29

Let’s hope roberto dimatteo isn’t at the agm 😂

[middlesboroughfc] 11/4/2021 11:00

AGM statement could put 30pc on this one

[greg the grinch] 09/4/2021 14:03

They are going to improve the software.

[feedthegoat] 09/4/2021 13:28

Agree to an extent but Pinewwood has a great drill down facilitycompared to Kerridge and is also substantially cheaper.

[gutterhead] 08/4/2021 12:54

The pinewood product is inferior to other dealer management systems and isn’t well rated or recommended by many manufacturers. The auto industry is dominated by one major software provider and really needs an alternative but it won’t be pinewood.

[feedthegoat] 08/4/2021 12:11

Always thought they would spin off Pinewood, the software arm.

[greg the grinch] 08/4/2021 12:04

A decent tip will hopefully cause a rerate. - sittin and waitin

[greg the grinch] 08/4/2021 12:02

Considering they could float carstore.com for loads of cash - I wonder if we will be bought out if the share price does not reflect this option? I reckon we are heading for a decent share price rise over the next year or so. DYOR and GLA

[gutterhead] 08/4/2021 11:42

Lookers results

[deadly] 08/4/2021 11:33

15% up today so far; any news?

[mortimer7] 06/4/2021 11:38

SMMT have announced the number of new cars registered in the UK during the month of March was 283,964, an increase of 11.5% compared to March 2020 figure of 254,684. Looking ahead, last April total units was 4,321 so the percentage increase for April 2021 could be 4000%!!

[lindowcross] 25/3/2021 08:23

There is talk of Cazoo being floated on market at over £5 billion. Pendragon's www.carstore.com online division is established and a much large operation than Cazoo. It could be floated off.... Hmm, I may take a position in this company.

[greg the grinch] 24/3/2021 16:04

I think all will do fine. My bet is the market has not fully realised PDG's existing and future efficiencies/cost cutting - this will mean that when PDG comes out of this lock down, they will be very profitable. Currently they are in lockdown so they are not making £90m, but approx £90m should be the ballpark profit for this type of company post pandemic. Looking at the long term charts, they should reverse the trend if they reverse their previous mistakes - unprofitable branches etc Have you taken a look at the video? GLA

[flyfisher] 24/3/2021 14:40

Greg, It's a target, not a profit forecast, they are not making £90m p.a. NTAV is negative and book nav is around 9p p/s, so it is trading at a 90% premium to book. Better value in MMH or LOOK in my opinion.

[greg the grinch] 24/3/2021 11:33

I'm off to sit and wait GLA

[greg the grinch] 24/3/2021 11:18

This is worth a view - when PDG come out of lockdown, I reckon they will have £90m profit plus growth opportunities. From the latest RNS: A presentation for analysts and investors on Pendragon's full-year results will be available to view from 7.00am today. The webcast can be found at: https://webcasting.brrmedia.co.uk/broadcast/60523b0ecbd99d5cefbc108e

[greg the grinch] 24/3/2021 10:58

As I expected - the key thing remains the target of £85-90m profit. They aim for this by 2025 but I reckon this is a low figure to make them look good and it is acheivable in 1-2 years. Current MC £260m - with £90m profit the share price should go to approx £1B, therefore an approx x4 bagger over 1-3 years - not a bad return IMHO and better than a savings account. Its a case of sitting and waiting. You can see from a previous RNS that when they are actually open (2020 H3) and not in lockdown they are making approx £90m pa: Pendragon PLC 22 October 2020 PENDRAGON PLC INTERIM MANAGEMENT STATEMENT (ISSUED 22 October 2020) This Interim Management Statement for Pendragon PLC covers the period from 1 July 2020 to 30 September 2020. Unless otherwise stated, figures quoted in this statement are for the three months ended 30 September 2020. -- Underlying Profit Before Tax of GBP27.3m - an increase of GBP24.3m, (+810%), vs. Q3 2019 (GBP3.0m)

[jaf111] 24/3/2021 10:42

I'm sure there are some die-hard fans of PDG but IMHO the company remains a hospital case (perhaps no longer in ICU). If you believe in the sector Marshall Motors continues to be the pick followed by Vertu. I would have added Cambria but this is now in a MBO situation.

[mortimer7] 24/3/2021 10:25

Further deterioration on balance sheet. Goodwill figure now considerably higher than Total Equity. Another big "exceptional" hit from Pension deficit, increased £16.5m.