Pendragon Share Discussion Threads

[jeffian] 11/4/2014 22:49

You wouldn't believe we're in the middle of a car market boom, would you?

8-(

[jeffian] 10/4/2014 18:05

Yes, but it's all relative. The guy who sold £1.9m-worth still holds 34m shares (2.4% of the company) after the deal. More to the point, the accounts show that as at the end of December 2013, there were still around 32m shares allocated under the option schemes, exercisable in coming years. If you look at the presentation of the accounts, Directors' total remuneration is shown as a mix of salary and bonus by way of share options. They just treat it as part of their 'remuneration package'.

[deanowls] 10/4/2014 17:27

Two million quids worth though!

[jeffian] 10/4/2014 14:21

Yes, I was surprised that nobody else had picked up on that. However, most of these share awards are treated as a bonus on top of salary and they're given a shedload more for the following year so I'm not sure it's any guidance to the company's prospects.

[deanowls] 10/4/2014 14:17

The directors all selling share awards earlier in the week?

[fozzie] 10/4/2014 13:24

Car sales in March the highest in ten years and PDG doesn't budge. What am i missing here?

[broadwood] 04/4/2014 16:57

Just getting out of second gear?

[scrabble1975] 04/4/2014 15:29

Not soon enough that this stock started to show some teeth!

[mortimer7] 04/4/2014 12:00

Bit more volume last couple of hours & share price up 5%+

[jeffian] 04/4/2014 10:07

1893 & 1894,

Agreed. Maybe we'll see an improvement up to the next IMS due in May.

[mortimer7] 04/4/2014 09:58

Maybe the news has come out on the wrong day, being the last trading day of the tax year. Market volumes are so low & people selling.
PDG only 85k traded so far today versus an average 750k in the last 3 months.
Let's hope Monday sees some increased buying activity.

[broadwood] 04/4/2014 09:34

So why isn't higher. You'd think today's news would have had an impact.

[mortimer7] 04/4/2014 09:27

SP up this morning, perhaps buoyed by the release of SMMT registration figures for March which have to be great news for the biggest UK dealer group:-
New car registrations biggest month in a decade with
demand for new 14-plate seeing 464824 new car registrations, a rise of 17.7% over last March.
Since move to twice-yearly plate change in 1999, only March 2004 saw higher registrations (466,954).
Year-to-date 2014 registrations up 13.7% on 2013 to 688122 units.
SMMT CEO Commented this as "a surprisingly strong level of growth"

[dimpkins] 29/3/2014 09:35

FT highlights Director purchase at Lookers today, Pendragon purchase listed but no specific comment.

I wonder if the sales going on are tax related? taking loss in the current tax year

[kulvinder] 28/3/2014 20:27

Like you Scrabble1975, don't believe it just keeps going down.

[scrabble1975] 28/3/2014 16:10

Turning into a bit of a long dog for me this one. I did not expect to see the share price decline to this level. Nothing negative to impact, so wondering if there's some news due out?

[kulvinder] 27/3/2014 15:19

Finally a director buy..... but will it move up? Who knows in this world???

[dimpkins] 26/3/2014 09:12

Last time he bought the shares went on a run with the AGM and interim statement due in the next couple of months think I may look to get back in

[mortimer7] 26/3/2014 08:28

Director Buy RNS this morning 200k shares @ 31.25 = £62500

[jeffian] 13/3/2014 19:55

Not much. Some slight dilution but it is in accordance with information already disclosed in the accounts which point out the dilutive effect of share options/incentives granted.


"The calculation of basic, adjusted and diluted earnings per share is based on the following number of shares in issue (millions).






2013
Number


2012
Number



Weighted average number of ordinary shares in issue

1,421.0

1,404.5



Weighted average number of dilutive shares under option
55.6

16.5



Weighted average number of shares in issue taking account of applicable outstanding share options

1,476.6


1,421.0



Non-dilutive shares under option

25.5

54.8"

[scrabble1975] 13/3/2014 17:29

What does the news today mean for us here?

[scrabble1975] 12/3/2014 22:33

Jeffian, I am also perplexed now as it happens. The whole sector is consistently reporting growth in sales and like for like profits, yet this isn't making progress. In fact, it is retreating. Hmmmm.

[jeffian] 12/3/2014 17:16

This is a very frustrating share. Good results and everything seems set fair in their market, so why the persistent decline? Did they get ahead of themselves at 40p?

[kulvinder] 07/3/2014 19:13

2 million buy yet they go down?