Pendragon Share Discussion Threads

[mortimer7] 04/2/2021 09:53

This morning the SMMT has published the numbers for UK new car registrations for January. Total registrations were 90,249, a reduction of 39.5% on January 2020 total of 149,279. Today SMMT have issued their revised forecast for the full year registrations which is 1,887,000 which would represent a 15.7% increase on 2020 total.

[mesquida] 01/2/2021 15:54

Noteworthy increase in volume here today, and they are well bid on the RSP also. Surely cannot be due to this morning's RNS , after all that was simply completion of a deal that we all knew about last Autumn. Does somebody perhaps have a steer on calendar year 2020's figures, normally they are released in early March, but we have not had a trading statment which would suggest that the figures are likely to be simply in line with market forecasts rather than being better than market forecasts. One other thought, now is a good time for a bidder to make a move. Time will tell !

[mortimer7] 05/11/2020 09:16

The total number of new cars registered in the UK in October were 140,945 vs 143,251 last year. A 1.6% reduction on October 2019. (SMMT Figures).

[babbler] 25/10/2020 07:05

Check out the 2 huge delayed trades... Explains the rise.

[dcfox17] 23/10/2020 12:40

No thanks. Still got some at 1.8 from a few years ago as well ??

[babbler] 23/10/2020 12:20

On watch for lower. Seems Friday flagging.

[easwarareddy] 23/10/2020 11:29

U bought at 5p?! Hm I'll buy them off u for 10p?

[dcfox17] 23/10/2020 11:13

Glad l bought in at 5p now

[deanmatlazin] 23/10/2020 10:56

Underlying Profit Before Tax of GBP27.3m - an increase of GBP24.3m, (+810%), vs. Q3 2019 (GBP3.0m)

[deanmatlazin] 23/10/2020 09:24

Cheap as chips!

[wyken] 23/10/2020 09:06

Enormous goodwill?

[greg the grinch] 22/10/2020 19:22

So if they can keep this up then approx £100m profit per year? PE 10 then MC £1B, currnbt MC 183M, therefore a 5.5 bagger from here? GLA

[deadly] 22/10/2020 10:45

News must have leaked before. Good TU today.

[bc4] 08/10/2020 15:15

Looking very interesting here

[greg the grinch] 08/10/2020 12:02

Hmm... big seller getting sucked up by big buyer... could make a decent move up in the next week or so.

[gutterhead] 07/10/2020 13:40

Fill your boots.

[greg the grinch] 07/10/2020 10:47

I'd also be happy. I expect a x4 to happen, but I hold on a 2-3 year basis and in the assumption that a degree of normality will resume and their restructuring will reap rewards. Having said that, a quick rise to 25p could happen on a good update, and I think we will drift higher in the coming weeks/months. I'll buy more on any weakness but I am not sure we will see 7.0p again.

[gutterhead] 06/10/2020 21:19

I think you’re being overly optimistic. Happy to be wrong

[greg the grinch] 29/9/2020 07:35

Hmm.. so if July August sales continues we have a yearly profit of approx £44M, and if PE of 10 then MC £438M, which is a x4 bagger. Seems we are now over the worst and have now hit the profitability turnaround point with decent share price gains ahead. Vaccine will come at some point and as long as lockdown does not extend into showrooms the +ve trend should continue. I'm off to sit and wait. GLA

[greg the grinch] 24/9/2020 09:13

It is going to be intersting to see if their rationalised structure still brings home the bacon during this pandemic. GLA

[hotdog23] 22/9/2020 16:15

Someone know something ahead of Sep 24 results?

[jabers1] 10/9/2020 06:09

https://www.bloomberg.com/news/articles/2020-09-10/auto-stocks-bounce-back-as-virus-seen-fueling-travel-by-car?srnd=premium-europe&sref=87EFEmib

[bc4] 08/9/2020 15:31

Somebody is pushing hard today let us see what tomoz brings!

[gutterhead] 03/9/2020 14:06

Historically, Pendragon never delivered....their last plan was to double used car volumes FFS and no one in the industry, or their employees actually believed it. Its the New CEO's plan so lets see. The plan includes Pinewood growth which is interesting as from my 35 years in the industry, I never knew of one Retail non pendragon motor business that used it..... My concern is that it is a five year plan- thats a long time, too long IMO.