Pendragon Share Discussion Threads

[dennisbergkamp] 05/8/2023 11:45

Arguably more as they’ve been doing well

What was the last bid at?

D

[niklol] 05/8/2023 11:31

If there were to be another bid what price could be expected this time????

[dennisbergkamp] 04/8/2023 14:15

Worth a look? 😂😂

D

[daneswooddynamo] 04/8/2023 13:03

I have picked up another few hundred, it’s worth as much as look imo

[sphere25] 04/8/2023 12:58

Taken a few here.

Flirting with a move higher. The book looks well bid. It is all about the follow through though.

If it pushes on through 19p here, it could provide a little pop to lob into. An exit under 18p.

Naturally there are folk expecting a bid again here too. You will never get one if I am in it.

Sorry!

I will try and exit as soon as possible :-)

All imo
DYOR

[cb7] 02/8/2023 12:35

The recent acquisition by Hedin was for BMW and Mini dealerships within central London, so no overlap with PDG locations.

[daneswooddynamo] 02/8/2023 10:05

Switching a big chunk of look into pdg now given it’s valued at half. Only a matter of time imo although hedin appear to be switching strategy and buying up smaller groups. However they can play kingmaker to the likes of Lithia just as Constellation has delivered Look to Global Auto

[warrenbuffet73] 27/7/2023 14:38

Sharecast News) - Analysts at Berenberg resumed coverage on used car dealers Pendragon at 'buy' on Friday after suspending its coverage on the stock back in September, stating the firm was now "back to business".

When Berenberg pulled coverage of the stock in September, Pendragon announced that it had received a proposal from its largest shareholder, Hedin Group, regarding a possible offer for the company for 29.0p per share. However, Hedin withdrew its offer on 9 December, citing the "challenging market conditions and uncertain economic outlook".

The German bank, which issued the group with a 35.0p target price, also highlighted that Hedin Group was not the only party to have shown interest in Pendragon at levels well above the current share price of 19.0p, with US-listed outfit Lithia Motors also presenting an offer for the group at 29.0p per share.

[warrenbuffet73] 27/7/2023 14:24

Berenberg target price 36p more than 100% upside

[warrenbuffet73] 27/7/2023 11:11

Look at Inchcapes numbers…boom

Lookers takeover price upped massively

We’ll be next again, 25-30p on the table again

[jaf111] 21/7/2023 14:36

I had a dream………

Hedin and Constellation have had a chat and decided the best way to maximise value for each of them is to revive the PDG LOOK merger….massive rationalisation benefits / economies of scale under new strong leadership…..

I had a dream…..

[sphere25] 17/7/2023 15:01

40.2m sold at 17.25p. That might tie in with the residual of Odey holding post the update on the 19th June and a 10m lob on the 13th July.

Market not showing any signs of movement on that trade as yet. If that is the Odey overhang gone, it might move.

A break above 18p would be a bullish signal.

Let's all sit and watch nothing happen now ha

All imo
DYOR

[s34icknote] 13/7/2023 10:11

10 million sold odey ?