Pendragon Share Discussion Threads

[clive7878] 13/1/2022 13:16

Apparently the the higher volume you wish to buy the higher the price
1 share 23.05p
10k shares 23.19p
100k shares 23.48p
500k shares 24.18p

The larger the quantity the bigger the spread

[clive7878] 13/1/2022 13:07

The offer price is bobbing around a bit 23.00 - 23.19 with hardly any trades.

[clive7878] 13/1/2022 13:05

Very low trading volumes at present - hardly any trades.
I am surprised that there are no offers for PDG.

The problem with PDG is that they are in the Motor Trade and retail,
and this sector ranks very lowly in the terms of average pe ratios,
of 5 or 6 which makes PDG worth up to 35p per share,

but then next years profits seem to be unknown,
and vtu pe ratio is based on next years profit, e[s pf 6.4
which is overvalued at 71p, giving a pe ratio of 10.

[s34icknote] 13/1/2022 12:37

Cinch should buy us so they can make a profit !!!Lol !

[clive7878] 12/1/2022 20:22

s34icknote - the £85 - £90m profit was an interesting article link in post 2622, about the proposed CarStore aim.
The move is part of a growth strategy which it hopes will deliver an underlying profit

hxxps://www.am-online.com/news/dealer-news/2022/01/11/pendragon-carstore-relaunch-will-tackle-restrictive-used-car-sales-process

The move is part of a growth strategy which it hopes will deliver an underlying profit before tax of £85m to £90m by 2025.

I appreciate that the forecast for this year is £80m

It has been said with Vertu that eps for this year could be 15p - pe ratio of 4.7
and next year 6.4p make a pe ratio of 10.3 - why the drop I do not know the reason for. Vertu is being priced on 2022/23 earnings, which could be said at 71p to be fully or over priced

With PDG it could be on a pe ratio of just 4, the question - and at this stage it is hyperthetical - what are PDG profits going to be in 2022/23?, which could decide the value of PDG share price now if it was known. However PDG next year would have assets of £80 million less tax to make it better value.
If profits next year were to match this year expectations of £80m then PDG could well be worth 35p per share, but as with Vertu is there a suggestion of lower profits for next year. Long term if profits are around £85 - £90m then even a 50% share price rise in 3 years time, could be quite good, although this may well come sooner than this.

[s34icknote] 12/1/2022 17:45

We should be above 30p by now !!

[s34icknote] 12/1/2022 17:44

We remain cautious about potential further disruption from Covid-19 to both our local markets and global supply chains, however, our strong financial performance, with only one month of the financial year remaining, means we now expect Group underlying profit before tax for FY21 to be approximately GBP80.0m. The Board is confident that the Group's strategy positions it well to respond to the ongoing market uncertainty and to capitalise on any resultant oppo

[s34icknote] 12/1/2022 17:44

Clive , I think they are already hitting 80 million in last update . We are three years ahead !!!

[clive7878] 12/1/2022 13:42

Only wants a recommendation and I can see these at 25/26p
There is a lot of meat on the bone here.

[clive7878] 12/1/2022 13:30

Share price slowly edging up.

[clive7878] 12/1/2022 11:41

Celtric4320 - interesting article
I would need to see and test drive any car before I bought one regardless of distance Also one has to be very careful when paying by bank transfer with such a large amount of money involved. Cazoo are spending a massive amount on advertising.

If PDG does achieve profits of £85m to £90m by 2025 - 3 years -
then the share price has a sure way to move up. And it is quite possible
the share price could easily be 50% higher.

[celtic4320] 11/1/2022 19:53

AM: Remodelled Pendragon CarStore division to tackle 'restrictive' used car sales.https://www.am-online.com/news/dealer-news/2022/01/11/pendragon-carstore-relaunch-will-tackle-restrictive-used-car-sales-process

[clive7878] 11/1/2022 13:49

vtu up 3% early on but has now fallen back,
pdg up prob on the back of vtu now 22.77
Believe that there is more mileage though in pdg.

Is there a profits forecast for the following year does any one know,
or what next years price earnings ration is estimated to be,
cause obviously that will have a major bearing on the share price.

We know that this years pe ratio is going to be roughly just 4.00,
but does this include any exceptionals
Most people need a car - but it is not as essential as food or energy,
but if covid dies down later on this year it will obviously have an impact on market.

If vtu are forcasting a lower eps next year, does this apply to pdg?
I realise that much is hyperthectially

[s34icknote] 11/1/2022 10:21

Lookers moving up !!PDG to follow !

[s34icknote] 10/1/2022 21:48

Half year eps was 2.3 p Half year end of June 21 So eve then bumper trading !!!80 million profit works out around 5.6p which has already been confirmed in trading update .

[clive7878] 10/1/2022 13:37

If PDG has eps of 5.6p they may be better value than vtu,
as on their post it stated the following year eps were due to be 6.4 with a share price of 71p making the pe ratio then 11. Vtu were recommended on Motley Fool thus todays rise.
Question is what is PDG eps giong to be the following year and pe ratio.
Only time may tell as it is hard to forecast.

[s34icknote] 07/1/2022 15:52

Eps approx 5.6 p bargain price No debt This and lookers restoring divs soon

[s34icknote] 07/1/2022 07:31

Lookers update out

[s34icknote] 06/1/2022 22:02

Lookers vtu rising nicely Come on PDG !! Over 5p eps !!Pay us a 1p div !!

[s34icknote] 06/1/2022 10:32

Rns holding out Farringdon reducing ??

[s34icknote] 04/1/2022 16:13

Another one percent !!!

[mighunter] 04/1/2022 09:40

3.2m buy just through the books... Hedin or Farringdon continuing?

[s34icknote] 01/1/2022 09:12

Iof another one that's on a low Pe Higher iodine prices !Could do similar to PDG in 2022 !Hny !

[s34icknote] 31/12/2021 17:54

I'm trying to be conservative being the market is so slow in treating car dealers !!Happy new year to all Let's hope 2022 brings realistic valuations on car dealers !!

[chrisdonohue] 31/12/2021 17:32

Sicknote mathematics is 30-40 but is actually 33-45, in my view a fairly reasonable near-time range of valuation.