Pendragon Share Discussion Threads

[greg the grinch] 24/3/2021 11:18

This is worth a view - when PDG come out of lockdown, I reckon they will have £90m profit plus growth opportunities.

From the latest RNS:


A presentation for analysts and investors on Pendragon's full-year results will be available to view from 7.00am today. The webcast can be found at:

[greg the grinch] 24/3/2021 10:58

As I expected - the key thing remains the target of £85-90m profit.

They aim for this by 2025 but I reckon this is a low figure to make them look good and it is acheivable in 1-2 years.

Current MC £260m - with £90m profit the share price should go to approx £1B, therefore an approx x4 bagger over 1-3 years - not a bad return IMHO and better than a savings account.

Its a case of sitting and waiting.

You can see from a previous RNS that when they are actually open (2020 H3) and not in lockdown they are making approx £90m pa:

Pendragon PLC

22 October 2020

PENDRAGON PLC INTERIM MANAGEMENT STATEMENT

(ISSUED 22 October 2020)

This Interim Management Statement for Pendragon PLC covers the period from 1 July 2020 to 30 September 2020. Unless otherwise stated, figures quoted in this statement are for the three months ended 30 September 2020.

-- Underlying Profit Before Tax of GBP27.3m - an increase of GBP24.3m, (+810%), vs. Q3 2019 (GBP3.0m)

[jaf111] 24/3/2021 10:42

I'm sure there are some die-hard fans of PDG but IMHO the company remains a hospital case (perhaps no longer in ICU). If you believe in the sector Marshall Motors continues to be the pick followed by Vertu. I would have added Cambria but this is now in a MBO situation.

[mortimer7] 24/3/2021 10:25

Further deterioration on balance sheet.
Goodwill figure now considerably higher than Total Equity.
Another big "exceptional" hit from Pension deficit, increased £16.5m.

[robertball] 23/3/2021 16:41

Cars sales moving online. Cazoo, Cinch etc.

[greg the grinch] 23/3/2021 11:41

Results tomorrow.

I dont think they will have massive profits but nice to be proven wrong - I have no idea how lockdown sales went.

What I want to see is a sign that when things return to normal PDG are on track to make at least industry standard profits. The share price gains will come from working out estimated 2021 H2 earnings.

GLA

[bc4] 17/3/2021 17:57

Big jump just before close

[greg the grinch] 17/3/2021 17:02

Results in a week :o)

I am sure that in these results or the next one there should be visibility for a x2-4 bagger.

I am happy to hold for a while.

DYOR

GLA

[mortimer7] 04/2/2021 09:53

This morning the SMMT has published the numbers for UK new car registrations for January.
Total registrations were 90,249, a reduction of 39.5% on January 2020 total of 149,279.
Today SMMT have issued their revised forecast for the full year registrations which is 1,887,000 which would represent a 15.7% increase on 2020 total.

[mesquida] 01/2/2021 15:54

Noteworthy increase in volume here today, and they are well bid on the RSP also. Surely cannot be due to this morning's RNS , after all that was simply completion of a deal that we all knew about last Autumn. Does somebody perhaps have a steer on calendar year 2020's figures, normally they are released in early March, but we have not had a trading statment which would suggest that the figures are likely to be simply in line with market forecasts rather than being better than market forecasts.
One other thought, now is a good time for a bidder to make a move. Time will tell !

[mortimer7] 05/11/2020 09:16

The total number of new cars registered in the UK in October were 140,945 vs 143,251 last year. A 1.6% reduction on October 2019. (SMMT Figures).

[babbler] 25/10/2020 07:05

Check out the 2 huge delayed trades... Explains the rise.

[dcfox17] 23/10/2020 13:40

No thanks. Still got some at 1.8 from a few years ago as well ??

[babbler] 23/10/2020 13:20

On watch for lower. Seems Friday flagging.

[easwarareddy] 23/10/2020 12:29

U bought at 5p?! Hm I'll buy them off u for 10p?

[dcfox17] 23/10/2020 12:13

Glad l bought in at 5p now

[deanmatlazin] 23/10/2020 11:56

Underlying Profit Before Tax of GBP27.3m - an increase of GBP24.3m, (+810%), vs. Q3 2019 (GBP3.0m)

[deanmatlazin] 23/10/2020 10:24

Cheap as chips!

[wyken] 23/10/2020 10:06

Enormous goodwill?

[greg the grinch] 22/10/2020 20:22

So if they can keep this up then approx £100m profit per year?

PE 10 then MC £1B, currnbt MC 183M, therefore a 5.5 bagger from here?

GLA

[deadly] 22/10/2020 11:45

News must have leaked before. Good TU today.

[bc4] 08/10/2020 16:15

Looking very interesting here

[greg the grinch] 08/10/2020 13:02

Hmm... big seller getting sucked up by big buyer... could make a decent move up in the next week or so.

[gutterhead] 07/10/2020 14:40

Fill your boots.