Pendragon Share Discussion Threads

[jeffian] 23/10/2015 08:44

Catchy nickname! I doubt you'll find anyone opening up to you about their dividends! 8-)

[hmrc inspector] 23/10/2015 08:01

Don't forget the divi is paid today. I've checked and mine are already in my account. Shame about the share price

[gucci] 20/10/2015 09:05

Starting next leg up?

[jeffian] 08/10/2015 13:25

"Car sales at September record as demand for petrol vehicles soars" http://www.theguardian.com/business/2015/oct/06/car-sales-september-record-petrol-diesel-vw-emissions-scandal

[pastybap] 30/9/2015 15:43

Certain risks I can see is 1. If the govt go overboard like Switzerland did, and halt sales of certain brands. Unlikely 2. Increased CO2 emissions moving cars into higher car tax brackets, which may reduce demand. However, I don't think demand would bethat elastic in relation to this. 3. Value of current stock will need to be written down if car values are affected. All depends on whether cars are sale or return (i.e point of ownership by the dealers) 4. For specific brand dealerships eg. VW, Audi, Skoda, Seat- reputational damage caused by brand association.

[jeffian] 29/9/2015 18:24

Why would dealers be affected by the VW 'scandal'? Nobody I know in the real world gives a stuff about Nox emissions. They care about quality, reliability, price etc (and also mpg, but everyone knows those have been fixed for years and only look at relative economy - i.e. compared to other models - rather than what they will achieve 'on the road'). Can't see it affecting sales and if Governments insist on alterations - more work for the dealerships.

[wjccghcc] 29/9/2015 11:08

Yup, sold my LOOK and VTU (both have VW exposure) and added here on the dip.

[valhalla] 29/9/2015 09:38

Yes agree. With the latest Benfield acquisition Lookers has the greater exposure to VW group. looks like c.20/25% of their total dealerships are now VW/Audi/Skoda.

[felix99] 29/9/2015 09:33

sold most of mine yesterday and last few bits early doors. Agree they have little exposure to VAG cars but whole sector tarred until it is clear it is only VAG that are doing it. Will buy back if clear only VAG involved but would rather sit and watch from sidelines than risk a broadside if other marks are affected - to be honest knowing the car industry I cannot believe others have not been at it too in some way.

[marky55] 29/9/2015 08:58

Yep, with no VW franchises surely they're in line to pick up greater market share (albeit maybe the total market may shrink back a bit for now)

[wjccghcc] 29/9/2015 08:32

Hmm. Bought a few more. Pendragon don't have any Volkswagen or Audi franchises so unless you think all the carmakers are doing it, then this seems an overreaction.

[onjohn] 24/9/2015 21:28

lots of worthless dealerships

[onjohn] 24/9/2015 21:25

British motorists are preparing a blockbuster lawsuit that could cost scandal-hit Volkswagen billions of pounds. Hundreds of thousands of VW, Audi and SEAT owners are set to use new ‘class action’ rights. Rival car makers may be dragged into the lawsuit too if they are also found to have fiddled emissions tests. VW has admitted fixing the exhaust gas checks on its diesel cars to make them appear more green. Deep trouble: Although Volkswagen has put aside £5billion to cope with the global recall of some 11million vehicles, experts warn the final bill could force the company into bankruptcy Deep trouble: Although Volkswagen has put aside £5billion to cope with the global recall of some 11million vehicles, experts warn the final bill could force the company into bankruptcy Eleven million vehicles with the ‘defeat devices’ were sold worldwide and hundreds of thousands are thought to be on Britain’s roads. Owners, whose cars could plunge in value, can now band together in ‘collective actions’ under the Consumer Rights Act, which comes into force next Thursday. VW has put aside £5billion to cope with the recall crisis but experts warn the final bill could force it into bankruptcy. Read more: http://www.dailymail.co.uk/news/article-3246834/UK-drivers-sue-Volkswagen-billions-Class-action-threat-fiddled-diesel-tests.html#ixzz3mh4RYqd8 Follow us: @MailOnline on Twitter | DailyMail on Facebook

[pastybap] 24/9/2015 14:55

Surely PDG servicing might make a few quid from the VW scandal? Or will this have a negative effect?

[cockneyrebel] 24/9/2015 10:22

XD today for 0.6p, hence part of the drop. I'd have also thought that the diesel scandal might generate car sales as people move from diesel to petrol imo. All imo CR

[santangello] 14/9/2015 10:17

Liberum BUY note out today.

[onjohn] 14/9/2015 07:01

Macquarie noted that falling global auto sales in August were dragging on demand.

[santangello] 09/9/2015 13:47

Resistance at 46 by the looks of it....a move above that may well signal a breakout ?

[cockneyrebel] 07/9/2015 10:19

http://www.autocar.co.uk/car-news/industry/august-2015-figures-show-continued-growth-uk-new-car-registrations August 2015 figures show continued growth in UK new car registrations August saw a 9.6% rise in new car registrations, taking the industry into a 42nd consecutive month of growth

[santangello] 03/9/2015 23:37

Like this extract from the recent Interim Results in August: .......The Group has had an encouraging start to the year and our anticipated out turn for the full year is comfortably ahead of expectations.

[santangello] 03/9/2015 11:02

Agreed. Been very resiliant through the recent turbulence and seems to be building up momentum with a large amount of buys around 45/45.5 range.

[cockneyrebel] 03/9/2015 09:31

Gagging to break out here I feel, imo CR

[interceptor2] 25/8/2015 17:55

That was an impressive reversal today and closes over old high.