Pendragon Share Discussion Threads

[this_is_me] 13/3/2019 08:17

PDG's software business is gaining traction and increase in the top line in that would largely fall into the bottom line. This could be significant in a few years.

[jaf111] 13/3/2019 08:07

Agreed.....by comparison to MMH (and also Lookers) PDG looks like a dog!

[this_is_me] 13/3/2019 08:05

Very good results from Marshall, which I have a much bigger holding in.

[mortimer7] 12/3/2019 14:59

I don't think the company is doing well in the down cycle.
Of the listed motor retailers over the last couple of years the share price performance is far worse than Cambria & Marshall. They're also worse than Lookers & Inchcape, & just a touch ahead of Vertu.

Lookers and Marshall report their results tomorrow.

[jeffian] 12/3/2019 12:19

I didn't mean the share price, I meant the car market.

[this_is_me] 12/3/2019 11:55

It did reach 130p in 2006, crashed and bounced to about 50p just over 2 years ago. I did make money on that last rise and sold out at a very good profit and now have a small position.

[jeffian] 12/3/2019 10:24

Have we got to the "down part" yet?!

[this_is_me] 12/3/2019 07:54

The company is doing well in the down part of this cyclical industry. The large dividend pays for patience until things improve.

[mortimer7] 11/3/2019 16:10

Final results due tomorrow I believe.

[wattene] 05/3/2019 11:41

Government Petition to Ban shorting of London AIM stocks.

The AIM stock market is where smaller companies list their shares rather than using the prohibitively expensive main London Stock Market. This is an important market for the growth of smaller UK companies.

In challenging times, shorters seek to borrow the company's shares from a holder for a consideration and to buy them at a later date. They immediately sell these shares which, due to the relative illiquid market, sends the price much lower and hence the shorters can buy them at that lower price - pocketing the difference. The only beneficiaries are the shorters and the market makers with the losers being the reputable company and it's bona fide investors.

[ed 123] 13/2/2019 15:59

Pendragon is a sought after stock today, up 5.7% atm.

I can't see any news.

There has already been comment on Anders Hedin's interest (thanks, Jeffian). I have to agree - at some point I would expect Anders Hedin to bid for Pendragon. Fwiw, am holding and hoping. (No advice intended.)

[mrbear2] 30/1/2019 15:02

I do hope so!!!

[gutterhead] 30/1/2019 12:41

dead right Porsche, the only good news is Finn going, its amazing he has made so many blunders over the years yet survived.
No doubt motor industry having a tough time but the poorest run groups, like this dog, will suffer most.

[jeffian] 30/1/2019 12:22

Yes, some Scandinavian outfit stakebuilding (now has over 11%). Possible takeover mentioned in weekend Press.

[stpalm] 30/1/2019 12:18

looks like you called that wrong porsche, do you think it will reverse? Short squeeze?? anyone got a clue???

[deadly] 24/1/2019 18:30

big rises these last few days against the market. No news?

[gutterhead] 19/10/2018 18:25

supply issue is a smoke screen, the market outlook is grim.
The strategy is to double used car volumes......really

[jeffian] 19/10/2018 17:44

Oh, a JLR "RR". For a minute there, I thought you meant the ones from Goodwood!

[porsche1945] 19/10/2018 17:37

im surprised these are not back in the teens....if ever an outlook was bleak it is the uk’s car and housing markets..Are these really worth anything much??...I was offered a new RR last week with 18k reduction off the screen price, says it all....i love my RR but could see JLR having serious problems...

[danny baker] 19/10/2018 09:47

Company also still buying its shares back and presumably these new car supply issues will ease next year.

[typo56] 19/10/2018 09:04

I'm surprised it's holding up this well. I wonder why. I suppose the rating isn't seen as being excessive.