Pendragon Share Discussion Threads

[mortimer7] 05/8/2014 08:42

Their reduction of debt level & subsequent interest savings coupled with the trading success at this time is generating excellent profits.
I would have no objection with the utilisation of cash to fund some cherry picked strategic acquisitions as organic growth has got to flatten soon. Not just for PDG but the sector as a whole.

[scrabble1975] 05/8/2014 07:58

Results out gents.

[nigelmoat] 05/8/2014 07:53

Trevor Finn CEO interviewed on Bloomberg TV this morning. Good coverage.

[dimpkins] 05/8/2014 07:51

"The balance sheet, combined with our strong cash flow, now gives us the flexibility to invest in our national footprint"

I hope this does not mean acquisitions!

[joe say] 05/8/2014 07:40

Dividend under review - very good results imo

[nigelmoat] 05/8/2014 07:24

Yes excellent results. Enough for a share price hike? Who knows!

[jaf111] 05/8/2014 07:22

More than happy with interims...the whole sector continues to perform strongly which makes the weak share price a mystery.....

"Strong performance in our used, aftersales and new departments generated growth in underlying profit before tax of 39.0%. The internet transformation of our business continues to yield sizeable benefits for the Group, as website visitors grew by 16.2%. The balance sheet, combined with our strong cash flow, now gives us the flexibility to invest in our national footprint. We are increasingly confident that we are positioning Pendragon for the future: to be number one on the internet; leverage our superior IT systems; complete our national footprint to increase customer touch-points, and offer customers value for money. Our performance for the full year remains comfortably in line with expectations and the Board has announced a dividend of 0.3p per share, in line with the final dividend for 2013."

[jeffian] 04/8/2014 16:32

I believe they're out tomorrow.

[nigelmoat] 03/8/2014 09:38

Interim results out this week? (August 6th last year). Sure to see some good numbers following on from other motor dealers but will they have any positive effect on share price? Long overdue!

[gargoyle2] 24/7/2014 08:08

Vertu Motors ahead statement today. Read across for PDG?

[mortimer7] 23/7/2014 16:45

Another blue day & decent up tick as 6 month interims time approaches. Remember the 30 Apr update stated "we expect that we will be comfortably ahead of expectations for 2014".
So hopefully there will be a steady rise in anticipation of good news & we've left the 20s behind for good.

[fozzie] 11/7/2014 15:19

We keep going down despite all the industry specific positive news.

[dimpkins] 04/7/2014 19:38

Agree flyfisher very well written, perhaps add incumbent Chief Executive has presided over many failed acquisitions and lacks any credibility in the city

[mortimer7] 04/7/2014 09:04

SMMT new car registration figures just issued for month of June & 2014 half year show New car market up 10% in first half of 2014:
1,287,265 new cars registered in first six months of the year, a 10.6% rise and the best half-year total since 2005.
June saw new car registrations rise 6.2% to 228,291 units.

[flyfisher] 03/7/2014 22:17

peea01, possible reasons.

Directors remuneration report voted down at the AGM a couple of years ago, damaging management credibility.
Company issued a materially ahead statement and then missed revised expectations.
Liberum issued a sell note on the stock.
Stock was removed from msci small cap index.
Company lost a case in the high court to do with a vat issue connected with offshore registration of demonstrators.
Pension partnership accounting was deemed invalid by the pension regulator, so they basically wasted time and money setting it up.
Pension discount rate fall from interim to finals, increased the deficit calculation.
Directors selling maturing options.

On the positive side moodys recently upgraded their bond rating.
They have again issued a positive trading statement.

[peea01] 03/7/2014 21:21

Am missing something here? Have been holding since 12p but can't understand why we're languishing where we are?

[dimpkins] 01/7/2014 13:12

Can not believe the large institutional shareholders are happy with this share price performance

I wonder if venture/activist funds have ever run the slide rule over the group? Quicks should not have lost money last year, get the group focused, sell California integrate Quicks into Evans Halshaw, sell Pinewood, I am sure a large venture fund would get the finance cost down, the board are not cheap, a streamlined group would be a much better proposition. DYOR all IMHO blah blah

[salpara111] 01/7/2014 12:57

The car market tends to have a close relationship to the housing market and if you look at most of the housebuilders they had a good run over the last few years but most are currently sitting at 9-12 month lows.
I would like to see them increase the divi considerably here before buying back in.

[anony mous] 01/7/2014 09:16

Stupid share still dripping.Looks like bottom drawer for years.

[dimpkins] 10/6/2014 07:20

DYOR

Pendragon PLC forms bullish "Symmetrical Continuation Triangle" chart pattern
Jun 09, 2014

Recognia has detected a "Symmetrical Continuation Triangle (Bullish)" chart pattern formed on Pendragon PLC (PDG:LSE). This bullish signal indicates that the stock price may rise from the close of 31.50 to the range of 40.00 - 42.00. The pattern formed over 98 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.

Tells Me: The price has broken upward out of a consolidation period, suggesting a continuation of the prior uptrend. A Symmetrical Continuation Triangle (Bullish) shows two converging trendlines as prices reach lower highs and higher lows. Volume diminishes as the price swings back and forth between an increasingly narrow range reflecting uncertainty in the market direction. Then well before the triangle reaches its apex, the price breaks out above the upper trendline with a noticeable increase in volume, confirming the pattern as a continuation of the prior uptrend.

This bullish pattern can be seen on the following chart and was detected by Recognia proprietary pattern recognition technology.

[mortimer7] 05/6/2014 10:14

SMMT new car registration figures for the month of may released this morning show regns up 7.7% on May 2013 and 11.6% for YTD.
A record 27 months of consecutive growth.

So ongoing good news for PDG and even more so once the Aftersales revenue kicks in.

[nigelmoat] 30/5/2014 13:15

At last a tick up on the share price here today. Maybe a carry over from Caffyns results this morning - profit up 78% Car sales up 18.6% and dividend up 50%

[fozzie] 14/5/2014 08:53

Good results from Lookers this morning and CAMB yesterday but no reaction here.