Pendragon Share Discussion Threads

[ceaserxzy] 04/2/2016 22:10

it is interesting that Odey long pdg big time but taking a short position in lookers. So does it see much better vakue in pdg but in the meantime take some hedge (very small hedge though of 0.86% of look).

[ed 123] 04/2/2016 21:54

I don't see anything in the share dealing to suggest Trevor Finn may be about to leave. He is though (I think) 59 years old, so is approaching retirement age.

Re Blackrock, I don't know what's behind their shorting of Pendragon. If I had to guess, I'd say that, influenced by the slowdown in China, Blackrock are taking out some protection against the slowdown spreading to the UK.

Re: making money from the short, yes, Blackrock should be in the money atm, as they will have been selling in the low 40's. However, they do need to buy back at some point, so their paper profits could evapourate.

Sometimes, big shorters can lose and not be dissatisfied, since their losses equate to a protection/insurance premium. Shorting Pendragon may be part of an overall portfolio protection plan.

[dimpkins] 04/2/2016 20:44

Cheers Ed 123 so the chief exec sold approx 25% of his holding in Dec 2015 after selling 6.166m in March 2015 do you think he is leaving?

I suppose just as there's no certainty Blackrock will make money the same level of certainty supposes they will make money ????

[ed 123] 04/2/2016 17:55

Trevor Finn sold 4.5million shares but still has 15.4million left. I doubt there is anything wrong. Trading statement looked good. We saw today that the car market remains strong. Results soon and should be good.

There is some turning in sentiment as some market participants become concerned that the Chinese slowdown may spread. Feeding on this, the drop in the last 3/4 hour today looks like shorting activity to me. They try to get the price down before the close, setting a new, lower datum for tomorrow. Looking at the chart, they may try to get it down to about 30p.

It may be Blackrock shorting today. They have been increasing the size of their short position through January. Latest figure I can see is 1.4% short.

At some point Blackrock will have to buy back about 20 million shares to cover their position. There is no certainty that they will make money from this play.

[alanjames999] 04/2/2016 16:51

I can't see any news, but share price has been dropping since the big director sell in December. Been strong since the interim

[wilk1] 04/2/2016 11:27

10m traded - now we go up. 40p close anyone ?

[dimpkins] 03/2/2016 20:15

20% fall over 30 days does seem to be overdone I read somewhere else people were questioning why certain JLR dealerships had been closed/sold, maybe to focus on used sales or is there an acquisition in the wings although the chief exec sold mid December, 3.2% yield plus its forecast to rise gives some comfort

[pastybap] 03/2/2016 16:26

Agreed valhalla. Also strange that they are continuing to slide, yet VTU and CAMB have recovered a large part of their January drops already. I have just added a few more as part of my strategy of drip-feeding back into the market between now and June.

[toyin] 03/2/2016 16:08

tintin82

All I can say is I am adding, and if it drops more I will add more. Not everyone's way of trading but at the moment I will take my chances with certain stocks. The market is crazy and in twelve months I will be glad I did! But don't listen to me, do your own thing.

All the best

[tintin82] 03/2/2016 15:30

Fairly brutal sell off in the last week or so. Low volume though. Was thinking of topping up but its fairly plummeting. Featured in Shares last week as a technical buy. Anyone have any ideas?

[dimpkins] 25/1/2016 21:46

Not sure if this has anything to do with the recent share price drop but it certainly sounds like it could get messy

hxxp://www.motortrader.com/motor-trader-news/automotive-news/pendragon-legal-action-halts-development-jlr-dealership-25-01-2016

[tintin82] 15/1/2016 16:40

Just spotted that, thanks.

[alanjames999] 15/1/2016 15:49

Being promoted to FTSE 250 seems positive news to me

[tintin82] 15/1/2016 15:46

Crazy price movements across the board for me. Opportunity for some in the side lines.

[alanjames999] 15/1/2016 15:42

Interesting price move. Big sells from yesterday ?

[tradesmooth] 15/1/2016 14:36

only 83% of average daily volume traded so far, so this isn't a sell-off of any kind. 9% down though - so weird.

[tintin82] 15/1/2016 11:18

Imagine treeshake, idea market conditions to scare out weak holder. I think.

[tradesmooth] 15/1/2016 11:15

tree shake or is there something happening?

[melody9999] 15/1/2016 09:31

whats happening?

[tintin82] 07/1/2016 07:29

Record new car sales. Looking very strong indeed.

[tintin82] 05/1/2016 15:37

Strong breakout, looking good. That director dealing in Dec not looking too clever. Just goes to show not to read into such things too much.

[mortimer7] 10/12/2015 09:01

CEO Trevor Finn disposes of 22.5% of his holding: 4.5mill shares, circa £2million.

[dondee] 03/12/2015 10:23

Up again today.