Pendragon Share Discussion Threads

[ed 123] 23/10/2017 09:02

Yes, 25p was a good call, Oxman. Chairman has gone but, as a former holder, it would take a lot to persuade me to return while Trevor Finn remains in post. The major shareholders won't be happy and may express their own views to the new chairman?

[markycrispy] 23/10/2017 07:15

Oxman good guess

[ed 123] 10/10/2017 09:46

Another downtick. Currently trading under 30p. How much money did Pendragon waste in buying back its own shares, at times at over 40p per share? The last lot they bought were over 36p per share. Plenty available now at under 30p per share.

[deadly] 04/8/2017 17:30

Good results seem to have gone unnoticed. 13.0% rise in EPS. Low P/E, but good rise in the share price these last 2 days.

[mortimer7] 30/7/2017 20:02

Trevor Finn has been steadily reducing his stake over the last couple of years. If he needs to get this funds out so be it. But it definitely is an inhibiting factor when it comes to the share price. Think TF is about 60 now...

[ed 123] 28/7/2017 08:09

25p? Where did that figure come from? Not holding myself, but I wouldn't have been amused by Trevor Finn selling 3.5 million shares at 34p. He was behind the share buybacks in the 34-35p region.

[its the oxman] 28/7/2017 07:25

25p ? Seems harsh but wouldn't bet against it.

[its the oxman] 13/7/2017 08:41

Fears over weakening consumer driving this. Unfair and overdone perhaps but can't see it changing anytime soon.

[stocky12] 13/7/2017 07:14

New distribution centre and building on the success of used car sales, plus confirmation of a strong start to 2017 ahead of 1st August statement, and the shares go down. Interesting.

[dimpkins] 14/6/2017 17:26

3.5 mill big sale wonder if he is on his way out, not before time in my opinion

[mister md] 14/6/2017 15:25

even the CEO is selling :(

[jeffian] 15/2/2017 19:44

Well I was a seller at this level. I paid less than 15p for them and was thoroughly unimpressed by the results, so I banked the profit. It may be on a "modest rating" but the market doesn't seem to 'like' this company and hasn't given it a decent rating for years and I can't see much reason for it to break out of the range in which is has been trading for the past year, despite persistent good news about its marketplace. It's on wafer-thin margins and is vulnerable to any downturn in the car market as we come into a period when it is likely that consumer spending power will be squeezed. In the meantime, I have the opportunity to recycle the money into a deep-discounted Rights Issue in RPC which is guaranteed to give an immediate c.30% uplift in value with continuing growth from a company with an excellent track record. Hope that helps.

[tintin82] 15/2/2017 18:56

Not that I would put much money where the IC say, but they have retained this as a buy citing the lack of recovery since the Brexit fall amongst other factors. Been a volatile few days but broken clear of that small area of resistance which always bodes well. Cannot understand sellers at this level, but I would happily be on the other side of the trade if I had the funds

[dimpkins] 15/2/2017 09:37

Every time I hear the current board talk about expansion and new initiatives I cringe given their past success, I wish they would run the business for cash and have a more aggressive buy back policy. Pinewood looks interesting though anyone know if external customers contribute any of the profits yet?

[jaf111] 14/2/2017 18:44

Tintin - not sure about "double digit growth".....AFAICS this comment relates to used vehicle revenue only. IMO these results are pretty disappointing and I will be expecting better from Lookers and Marshall Motors who will both be reporting within the next month. Also there should be trading updates from Cambria and Vertu. I remain positive on the sector and agree that PDG is on a very modest rating. But for me there is even better value elsewhere in the sector.

[jimbox1] 14/2/2017 15:36

One must allow for the exceptional gains in 2015 from disposal of property and investments, which amounted to £24m. The results seem decent enough to me and the company is on a very modest rating.

[jeffian] 14/2/2017 12:58

Growth in revenues, maybe, but profits? Unimpressive figures (with much obfuscation and "underlying" interpretation), wafer-thin margins, increasing net debt.....and all in a boom market which is probably as good as it gets.

[tintin82] 14/2/2017 09:25

They are making cash profits of 1/10th mcap a year! How exactly is this not great? Confident of double digit growth also.

[mister md] 14/2/2017 09:01

seems ok to me. Nice yield and debt levels ok. Happy to hold.

[its the oxman] 14/2/2017 09:00

Agree not a great set of results. Cheap I suppose with a reasonable yield.

[jeffian] 14/2/2017 08:52

That's me out. If that's the best they can do in a rip-roaring car market, goodness knows what will happen when the cyclical downturn comes. Profit taken.

[jaf111] 14/2/2017 08:41

not sure i agree...uninspiring would be my view.....

[tintin82] 14/2/2017 07:21

Very bullish results indeed. 'we believe we can achieve at least double digit growth in used revenue in 2017 and our aspiration over the next 5 years is to double our used vehicle revenue.'Total cash cow.

[tintin82] 06/2/2017 13:18

'UK Car registrations surge to 12 yr high' There are times when a share price becomes truly detached from the underlying reality. This I believe is such a case. Highly cash generative, consumer demand clearly not dipping. Looking to add more if I can.