Pendragon Share Discussion Threads

[greg the grinch] 07/10/2020 11:47

I'd also be happy.

I expect a x4 to happen, but I hold on a 2-3 year basis and in the assumption that a degree of normality will resume and their restructuring will reap rewards. Having said that, a quick rise to 25p could happen on a good update, and I think we will drift higher in the coming weeks/months.

I'll buy more on any weakness but I am not sure we will see 7.0p again.

[gutterhead] 06/10/2020 22:19

I think you’re being overly optimistic. Happy to be wrong

[greg the grinch] 29/9/2020 08:35

Hmm.. so if July August sales continues we have a yearly profit of approx £44M, and if PE of 10 then MC £438M, which is a x4 bagger.

Seems we are now over the worst and have now hit the profitability turnaround point with decent share price gains ahead. Vaccine will come at some point and as long as lockdown does not extend into showrooms the +ve trend should continue.

I'm off to sit and wait.

GLA

[greg the grinch] 24/9/2020 10:13

It is going to be intersting to see if their rationalised structure still brings home the bacon during this pandemic.

GLA

[hotdog23] 22/9/2020 17:15

Someone know something ahead of Sep 24 results?

[bc4] 08/9/2020 16:31

Somebody is pushing hard today let us see what tomoz brings!

[gutterhead] 03/9/2020 15:06

Historically, Pendragon never delivered....their last plan was to double used car volumes FFS and no one in the industry, or their employees actually believed it.

Its the New CEO's plan so lets see.

The plan includes Pinewood growth which is interesting as from my 35 years in the industry, I never knew of one Retail non pendragon motor business that used it.....

My concern is that it is a five year plan- thats a long time, too long IMO.

[bc4] 03/9/2020 13:37

Well a bit of interest today lets hope it continues

[nick rubens] 02/9/2020 12:43

Any views on this turnaround plan announcement?

Results will be interesting.

"Pendragon will report its results for the first-half of FY20 on 24 September.!

[diku] 11/8/2020 10:00

So no recession your end...will that full tank of juice last for ever?...

[2trying] 12/7/2020 23:07

Well , my new car finally arrives on Wednesday !

Now , this may or may not be of interest .

They could only supply me "from stock" .

They are struggling from a lack of car transporter drivers .
Blaming corona 19 - as you do .

But , as an apology , I am getting the convenience pack ,
including rear view camera - and "active parking 2"
(whatever that is) ! Not to mention a full tank of juice !!

All for only just over £26 grand .

WOW!!!

[2trying] 12/7/2020 23:07

Duplicate post - sorry !

[greg the grinch] 29/5/2020 17:07

I'm off to do some sitting and waiting... see you all in weeks/months/years. :o)

[greg the grinch] 29/5/2020 11:17

It was hard to catch that 5p because of a very wide spread, the bottom for buying was close to 6p.

[2trying] 27/5/2020 23:06

Well called , Beeks , mate .

Wish I'd snapped up a few when they were hovering around the 5p area !
Thought about it . Decided to "wait and see" . Oh well .

Now , my car will be three years old next month - got it new from Evans Halshaw .
I'm not going down the MOT route , even though it's immaculate with less than
ten thou on the clock .

Hey - good news Pendragon - as you have treated me fantastically ever since
I got it , you are about to sell me a new car ( just under thirty grand ) .

Must be plenty of people in the same situation !

[beeks of arabia] 27/5/2020 21:46

Nearly at 10 today. As I said.

I still think pictures of packed forecourts next week will signal a stellar rise, albeit short term. Expect another 50% from here before pausing.

[greg the grinch] 27/5/2020 10:32

People will buy cars to avoid public transport.... coronavirus.

Some poeple will now telecommute and wont need a car... I reckon most will still get a car to get around.

The turnaround should put us at 15p short term from there 25p not much later, long term potentially higher again.

[gutterhead] 26/5/2020 11:15

I disagree...
confidence fuels car sales and there isn't much of that in the economy right now
there is also a lot of aged stock to move at lower margins
we will see soon enough and happy to be wrong

[beeks of arabia] 26/5/2020 09:55

As expected, a run on the 10p mark coming.You watch the pictures of packed car lots when they open back up, could take this to 15p.

[gutterhead] 25/5/2020 21:27

Berman has a big job to do. Cultural change, perception as an employer so as to attract quality management and repairing relationships with important manufacturers.
Undoing all of Finn

[beeks of arabia] 25/5/2020 21:09

Showrooms back open next week.

I'd expect to see this around the 10-12p mark by then.