Pendragon Share Discussion Threads

[wanttowin] 07/3/2014 14:16

I'm out today with a small loss, seems to be in a downtrend, GLA.

[mortimer7] 07/3/2014 12:00

2 mill buy.

[kulvinder] 07/3/2014 11:50

This is not looking too good at the moment- I thought they got good numbers? 31.75 to 32 on the bid.

[mortimer7] 06/3/2014 10:32

SMMT figures out for February. 3% rise year on year in February new car registrations which marks two full years of continuous month-on-month growth.

[mortimer7] 20/2/2014 14:50

hxxp://www.am-online.com/news/2014/2/18/pendragon-boosts-profits-in-full-year-results/34441/
AM online article on PDG

[jeffian] 20/2/2014 11:08

OK, I've managed to access the Edison report now (though it involved registering which I hate as it will undoubtedly lead to my in-box being clogged with stuff from hereon in!). Seemed a bit lightweight but OK. Also looked back at the pension stuff in the light of the comments but not concerned as the fact that the assets are not "recognised" does not mean they are not there and producing an income for the Fund, so not exactly a 'black hole'.

In the meantime, any views on what this means?
"The Board expects to maintain the existing policy at paying the same level of interim and final dividends in respect of each year."
I suspect they mean that the annual dividend going forward will be paid 25% at the Interims and 75% at the Finals but, if so, it's not very well expressed!

[flyfisher] 20/2/2014 10:42

Yes joe, two issues of a technical accounting nature , both of which you would prefer to do without.

[michaelx105] 20/2/2014 09:47

Strange, my buy didn't register

[joe say] 20/2/2014 08:10

Why do you bother reading them if they are awful?

In answer to your question - ordinarily I don't and today I couldn't (and was only looking given the previous posters referral)

That's the value in these threads imo

and as to your comments on the pension deficit - this unfortunately reminds me of the Finanical Reporting Review Panel decision where PDG sees things one way and then they are subsequently corrected.

Hoped to see the end of all that

[flyfisher] 20/2/2014 07:41

Joe, I disagree, personally I quite like Edison reports, and had no problem reading their comments.
Why do you bother reading them if they are awful?

Whilst no one has commented, the changes to the pension deficit bring into question the work of the company in arranging the pension property partnership. The accounting authorities have disallowed the companies accounting treatment on the basis that whilst the pension partnership may receive income from the assets, it does not own the assets and cannot execute sale decisions over any of the assets without approval of the company.

[joe say] 20/2/2014 07:15

truly awful website (Edison) imo - I'm a member and I can't get anything of note on PDG - a quick view hints at a report but it doesn't seem to want to open up or download

[jeffian] 19/2/2014 23:30

Edison Investment Research

Download error

You must be logged in and granted downloading privileges in order to access this file.

Return to Return to main page.

Thanks, Othello!

[othello3] 19/2/2014 22:37

Good night everyone. Something for tonight reading.http://www.edisoninvestmentresearch.com/?ACT=18&ID=11255GL

[scrabble1975] 19/2/2014 08:23

Thanks flyfisher

[flyfisher] 19/2/2014 08:07

Tipped in todays telegraph.

[petersinthemarket] 18/2/2014 09:06

Agreed Scrabble - disappointing, not downward. FWIW I would now expect to see more of PDG's choppy sideways trending. No-one is going to make a rapid fortune out of this company. GL all, pete

[scrabble1975] 18/2/2014 08:52

Orchestralis, that's b&&locks imo.

[orchestralis] 18/2/2014 08:50

Downward trend appears to have been established.

[felix99] 18/2/2014 08:44

they were materially ahead of the forecasts that were out at the time at the end of October. These all got upgraded to £44m after the statement at the end of October and they have come in bang in line with those upgrades.

Presumably tipping the wink of what they expected to the analysts then.

Its just a steady as she goes now and hopefully March will be a bumper sales month for new cars and we might get an upgrade nearer the half year figs after a good March.

The good news is the whole country is buying cars on lease so that should mean good service revenues going forward. also I note the leasing arm had a quiet time as its all based on reselling cars from leases taken out 3 years ago. Last 18 months or so has been great for car leasing imho so the probably end of this year beginning of next we should see profit in that area turn up pretty well to help push this along.

[petersinthemarket] 18/2/2014 08:39

There has been good support to date at around 33p. Falling to 31p is a bit harsh IMO. Not clear yet whether this is the mkt punishing PDG or just opportunists shorting on modest results. Anyone got any clear info? pete

[fozzie] 18/2/2014 08:38

Terrible reaction by the market so far. I dont think they are materially ahead either, poor wording last time out, under promise and over deliver should be the mantra from the bod. Disappointing.

[dimpkins] 18/2/2014 08:35

Personally don't think these are materially ahead

I wonder what the directors remuneration figures are. Bet a change at the top would drive the price north

[anony mous] 18/2/2014 08:23

Good numbers.As usual share price goes down.

[felix99] 18/2/2014 08:09

the forecasts were all upgraded at time of the trading ahead statement . Everything seems in line and steady as she goes. Reckon March car sales will be the catalyst for the next move up in these now. Expect it to tread water till then.

Throwing off a lot of cash though and dividend up. Debt down.