Pendragon Share Discussion Threads

[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 11:04

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

[mrphil] 20/9/2019 07:24

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 19:23

You are probably right

[porsche1945] 18/9/2019 18:37

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 11:25

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 11:06

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 09:37

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 07:59

My target is 1p here.

[jack jebb] 18/9/2019 06:05

One disappointment after another here.

[mortimer7] 12/9/2019 11:03

Not good news. Article from AM Online: "Pendragon could be poised to make 1,300 redundancies as part of a business restructure....." hTTps://www.am-online.com/news/dealer-news/2019/09/10/pendragon-share-prices-fall-to-lowest-level-since-2012

[gutterhead] 14/8/2019 20:53

I think lookers will be fine. Can see Pdg being broken up

[gutterhead] 12/8/2019 15:04

Needs a massive cultural shift and an inspirational leader to survive let alone prosper. Major shareholders will be forcing a break up soon. Aimo

[whiteshark1] 12/8/2019 14:05

its all about the senior management, no customer care, no staff care. the have some of the best brands in the world but have always underperformed vs its peers. Sytner are preferred partners and make multiples more profit than PDG. The current sales process is too ridged and not customer friendly. Mark Herbert appointment was a shocker. Lucky he only lasted a few months. This has further to fall.

[whiteshark1] 12/8/2019 10:54

As I said, this is Automitive, not property. in the 10's now as predicted

[debsdowner] 09/8/2019 16:13

gutterhead, I agree with your analysis.

[jeffian] 01/8/2019 22:44

So it has £240m land and property assets. That's rather less than the £266m 'goodwill' it carries on the Balance Sheet. If push comes to shove, one will cancel the other out.

[gutterhead] 01/8/2019 18:40

Depleted (over time and probably overvalued) property assets won’t save this shower. They need to be well run and expert retailers. They’re not either. Wig, I understand your comfort ref the property and that’s your prerogative. We all look at things differently and that’s what makes a market. Good luck to all.

[whiteshark1] 01/8/2019 16:00

Ps , never said they had no property assets , just less than they have had in the past . They had to save the company by doing a sale and leaseback. I also stated it wasn’t a property company , in case you missed it , it falls under automotive. Anyway , sorry if my comments are misleading . 👍