Pendragon Share Discussion Threads

[clive7878] 13/12/2022 19:37

Must be a lot of potential gloom & doom bad news already built into many of the stocks for next year, so I can see a few stocks near the bottom. There is always money around even in a depression, although I believe we may escape a depression certain stocks are recovering ABF & Next

[lovewinshatelosses] 13/12/2022 14:32

Always frustrating to watch profits evaporate, but never a good idea to look backwards, I agree. Apart from to try and stress test your strategy perhaps, reflection etc, to try and become a better trader/investor. SLP is an interesting one. I have never taken the plunge there; always felt too heavily miner-invested elsewhere. Maybe one day. We might yet get a Santa rally, although it will be interesting to see what the central bankers do in the days ahead. Too much of a market rally and they might look to pour cold water on things. Either way, I cannot see 2023 being anything other than a challenging year for stocks, so plan to try and invest and trade carefully and try to keep back plenty of dry powder at the same time. Do not let the little spikes seduce you too much, I would say.

[clive7878] 13/12/2022 14:13

lovewins - very true
vtu from what I have read is on a prospective pe of 5,
then there is the profit from Heston, less interest on debt.
Both vtu 52.8p, and pdg 19.25 have come off the bottom today !!
Do you watch and see them rise, or do you wait and hope to buy cheaper is the question
One thing for sure is not taking the profit on vtu at 61p when the opportunity arose,
but then that is looking back.


I am also watching Just Group at 74p, brokers estimates 115p
and SLP. We will know more about interest rates on Thursday, 22nd Dec.

[lovewinshatelosses] 13/12/2022 10:27

Indeed. You can be right about a sector but getting in too early can be almost as bad as getting in too late. Especially if we are looking at a particularly nasty recession (which IMO we are). In all probability, I will just keep watching this sector until February or so; if somehow this does turn out to be the bottom and I miss out, then so be it.

[clive7878] 13/12/2022 09:30

vtu 21.5p pdg 18.55 - timing is crucial more than what one buys, however getting bottom fishing correct is obviously not easy without being mystic meg. in some cases you have to follow the head sheep and sell yourself instead of watching ones profit disappear or even turn into a loss.
Lookers dont look bad value - someone on another thread was asking about Lookers,
but today to now 9.40 nearly all sells - looks like the car shares are out of fashion today,
and price may well drift.

[clive7878] 13/12/2022 08:22

lovewins - I am the same as you at present - question is which way in the short term are vtu and pdg going. Currently at 8.15 vtu are 51.45 and pdg 19.35
There does not appear to be any new brokers forecasts out for either
last was vtu for 2023 at £38.5m which would make a pe of around 5,
but with the extra profit from Heston it could well be lower,
pdg share price is obviously a lot better value at 19.35 than 27/28p but pe ?

2023 year will be a tough year especially with those having to re-mortgage
and with energy bills still rising, but petrol is now back down to 152p from the dizzy heights of 191p

[lovewinshatelosses] 12/12/2022 14:49

New year low in. Wondering whether this is going to a similar PE ratio to VTU now. If so, it still has some drop ahead. Still watching with interest, but not tempted to take a position yet. GLA.

[lovewinshatelosses] 11/12/2022 11:51

It will be interesting to see, clive. Toss of a coin as to whether it returns to the 22p region, or retests the year low. Perhaps both in the same day! Just going to watch for now.

[bc4] 11/12/2022 07:51

More scammers post 3277

[clive7878] 10/12/2022 16:21

Will Monday share price be positive?

[lovewinshatelosses] 09/12/2022 18:42

Fair enough, but I would have been staggered if that were not the case by now. The evidence of this trend was clear from at least a few months ago. The market should have already priced that in. I did. Maybe I was lucky to have 'front run' it, if this is so. Anyway, good weekend all.

[celeritas] 09/12/2022 16:46

I don't agree, dealers have a lot more cars and are already reducing prices...

[lovewinshatelosses] 09/12/2022 12:20

IMO there is nothing materially different in the macroeconomic climate, or within this particular sector, than that which existed when Hedin made their most recent 'provisional' bid. Is this a move to get rid of the BOD and replace them with people Hedin would rather have at the helm, without the costs of outright ownership that their bid would have incurred, such as Finn still? Anyone who thinks the conditions today are far worse than a couple of months ago has simply not been paying attention! Again, IMO. This stock has become interesting again though. Back on my watch list. GLA.

[jaf111] 09/12/2022 09:45

Maybe cumnor, in which case all the other deals in the sector - most recently VTU’s acquisition of Heston are very poorly timed.

Only 4 months ago Hedin rejected 29p a share from Lithia I think it was……..

[cumnor] 09/12/2022 09:02

Hedin saw the light. Just what Pendragon need to do with used car inventory-take the 25% hit on price now and start selling cars again-or go under-like Carvana is about to do. Things won't improve.

[jaf111] 09/12/2022 08:44

…..when did he come to that conclusion??? Clearly must have been very recently otherwise why he reject offers at 28 / 29p not so long ago???

Supposedly as recently as 21 November Hedin & PDG were finalising transaction documentation????????????

[gripfit] 09/12/2022 08:31

Makes sense to me ,,,, Hedin can see sales and profitability being seriously affected going forward …

[battlebus2] 09/12/2022 08:18

It makes little sense

[jaf111] 09/12/2022 08:11

Pretty savage markdown imho(21p)…..not sure I can understand Hedin’s strategy!!!

[1nf3rn0] 09/12/2022 07:59

If Hedin don't see value at 29p, why would they continue to hold at 28p?

[milliecusto] 09/12/2022 07:04

Question now where will it settle, lot of hot money to exit