Pendragon Share Discussion Threads

[mister md] 28/11/2007 12:40

people getting too greedy imho - buy at the bottom, which is now

[sharon goss] 28/11/2007 12:18

Thats true Ima, though any investor that pays true worth leaves themselves with limited upside.

[imabastard] 28/11/2007 12:04

True worth versus what investors are prepared to pay can be miles apart.

[latifs100] 28/11/2007 11:50

wots their cash and debt positions..tia

[sharon goss] 28/11/2007 11:33

Either that or they know the true worth of the company better than anyone else.

[imabastard] 28/11/2007 11:26

Robbie,

I think the Directors bought before at 81p.....so this could be a damage limitation purchase.

[robbie12] 28/11/2007 11:25

Order book now very weak - looks like the directors buys were pushing the shareprice up - now they're spent the sellers take over.

[robbie12] 28/11/2007 10:53

Blimey directors have bought 2.6 million shares this morning. £900,000 worth. No position but that kind of buying says something.

[imabastard] 28/11/2007 08:54

Gelp......Not the most performing brands.which says not well managed at the top.

[gelp] 28/11/2007 08:48

Buying opportunity surely - if history repeats itself theses guys will take out a few more of the the smaller boys and tidy up. I don't think any better buy in the sector. Lots of assetts and very well managed.

[imabastard] 28/11/2007 07:51

Hard to call

Buying was high last night from 33p to 35.5p at the close because despite drop in profit, this is now seen as undervalued by many. Conversely, ACE (Accident Exchange) reaction was a "two wave" price drop action before it bottomed, look at the chart.

[muffinhead] 28/11/2007 06:40

i think fair to say 2008 will be a very poor year for sales and margins

anyone any guess as to bottom for this?

[imabastard] 27/11/2007 21:35

Eastbourne, if you're still around.....looks like
the speculation was correct !

In Motor Trader 8th October

Pendragon has closed seven Volvo showrooms.........there has been speculation that the company was forced to close the sites because it was unable to sell them..............comes shortly after industry speculation that Pendragon may be forced to issue a profit warning due to poor September car sales.

[family guy] 27/11/2007 18:18

Bear in mind my missus is northern.

She was born with a bar of soap in her mouth.

[sharon goss] 27/11/2007 18:04

FG

Didn't Mrs FG ever tell you not to swear in front of a lady ?
Albeit a hairy one.

[family guy] 27/11/2007 17:57

LoL!

So many clunts eh Shaz, so little airspace.

[sharon goss] 27/11/2007 17:32

Thanks for your invaluable insight nimrah.

[nimrah] 27/11/2007 17:23

this is going down to 20p soon

[sharon goss] 27/11/2007 16:47

Looking even better for a takeover by private equity in the new year.

At 50p, you can pick up the business for less than nothing, once you've sold to relet the properties.

Staggering value imvso.

[quidzinn] 27/11/2007 16:39

Looking good for a bounce tomorrow now ...

Q

[wyken] 27/11/2007 16:03

Dividend which they say will be held for next year 4p!
12.5% yield

[strutt12] 27/11/2007 15:51

Just got 20k@ 33p

Good luck

Family guy

If your into yield then MAY could be for you!!

[family guy] 27/11/2007 15:48

paying a 5% divi.

No position, but interesting nontheless.