Pendragon Share Discussion Threads

[kfp] 21/2/2008 17:30

Be interesting now they are out of the closed period if they buy more.
If they do in great numbers then I shall buy more !!

[regvardy999] 21/2/2008 15:30

but wasnt the big buy in november by the Loxely 5 something to do with a major shareholder offloading and they bought to show confidence and try and create some stability in the price. Because at that time the price was tumbling each day.

T G Finn - 1,000,000 @ 35.50p

A N R Rudd - 1,000,000 @ 35.25p

M S Casha - 280,000 @ 35.50p

D R Forsyth - 280.000 @ 35.50p

H C Sykes - 40,000 @ 35.50p

[kfp] 21/2/2008 15:09

Charlatan1
What about the huge director buying in November,not thousands but millions.
When they buy in such huge volumes, follow the guys that are in the business not some reporter.

[kfp] 20/2/2008 18:04

Nothing is worse for moral than having nothing to do except wait for the chop or rumour of,no one cares about the company or their job if they think they are going to lose it.
PDG are trimming the fat for leaner times,either tit's up/take over or £1 within 3 years,not a bad return + divi !

[edgark] 20/2/2008 15:00

Kfp, take your point onboard, no , am not self employed, but involved
in recruitment, and yes, drivers and cleaners are 10 a penny, you try to get hold of decent trained partsmen or technicians, and bear in mind what I said about Pendragon getting a reputation for treating their staff more than shabbily. They just got their first percentage pay rise in over three years, you can imagine what that does to morale.

[kfp] 20/2/2008 14:38

Edgark
Thanks for your reply.
I guess you are not self employed.
People that work in the motor trade are not graduates although good at what they do,in times like these drivers,parts staff/sales people and cleaners are all easy to recruit,trust me.
Regards
KP

[pickymicky] 20/2/2008 12:14

Its a sad fact that companies that have a hire and fire culture always get the staff they need when they need them.

With unemployment on the rise, it makes it easier for them.

Look at the City. The big Amercian banks fire people quicker than you can say mismarked book, but have thousands of applicants for all decent jobs.

[lawson27] 20/2/2008 10:55

possible bid roumers may start flying around again after these results

[bmw566] 20/2/2008 10:21

Just bought a few more. Couldn't decide between PDG/GSK or RBS, for growth and dividend prospects on a 2/3 year horizon. Plumped for PDG.

Although I totally agree with you Edgark. Unfortunately, very few large company's value their staff, and the ones that do often find their share prices penalised.

The city loves a cost-cutting, re-structuring exercise and the sentence below will likely drive the share price upwards.

"We acted early, closing poorly performing sites and, as a result, are
better placed to face the challenges in what remains uncertain market in 2008."

[edgark] 20/2/2008 09:50

It's when there is a slow market that you need your skilled people, and
I'm not just talking about sales departments, there is massive amounts
generated in after-sales. In some companies, the parts department, or workshop
make more money than the sales dept. They lose staff to their rivals, and they won't
get them back. They have earned themselves a reputation now of treating staff
shabbily, and recruiting in an upturn will be difficult for them.
As for N Rudd being a clever accountant, I've stated earlier, don't put
a bean-counter in charge of a company, they will destroy it.

[kfp] 20/2/2008 09:32

KBC Peel Hunt is positive on Lloyd's insurers and the oil sector, has a buy for Oxford Biomedica, a sell for Pendragon and has a positive note on Renewable Energy Generation.

[kfp] 20/2/2008 09:30

Edgark
They can always get new staff in the next upturn,I have been in the position of having a slowdown and watching salesmen,sorry Sales Executives and mechanics,sorry Technicians standing around and getting paid.
I also think you have T Finn a good trader and N Rudd a clever accountant so I have every confidence in the management,the did everything right for the downturn.

[pickymicky] 20/2/2008 09:16

Edgark.

Whilst I understand what you're saying, without being rude to any individual personnally involved in this business, what skilled, experienced people are really necessary in a slow market ?

If companies want to buy fleets, they'll do it regardless, as will Joe Bloggs coming in off the street imo.

[edgark] 20/2/2008 09:11

But they're still losing their most important asset, their
skilled, experienced people. Looks great on paper to lower
costs, and not replace them, but it will have a serious long-term effect.
Seems to me that it's an accountants mentality running this PLC, and that's the
worst thing that can happen to any company. They need a Tony Brammall
type person, who though extremely tough, had the right people in place,
and paid the remuneration.

[mister md] 20/2/2008 08:09

increase in dividend too, 4p for whole yr

[jabers] 20/2/2008 07:57

Results are preety damned good chaps and in most of their operations the all important after-sales departments are showing an increase in profit!

[pickymicky] 20/2/2008 07:44

Excellent. Still absurdly undervalued imo, despite the underlying business retrenching.

[mesquida] 20/2/2008 07:43

39p looks pretty safe bet now!

[kfp] 19/2/2008 17:37

Brown trousers in the morning !!

[kfp] 19/2/2008 17:11

Hope they maintain the divi and have some news ref property disposal's.

[mesquida] 19/2/2008 09:56

Closing price tomorrow 39p?