Pendragon Share Discussion Threads

[jedi shorter] 06/10/2004 14:47

LoL nice timing, cashed in on bdev before it started a more sustained retrace back up and opened up short on this i think a little before the last drop but may have to check.

Am now also short on Boots.

Cheers BDEV youve done me proud today.

LoL

Hopefully this is what will happen to the shareprice over the coming weeks.

[bangers] 06/10/2004 10:20

Looks like the sector as a whole peaked earlier this year. Downtrend now firmly in place.

[gsands] 05/10/2004 18:56

yep,

I think you were wise to open the short today, on a blue day, to get that extra bit of leverage on your trade.

I have two shorts running now - one opened at 278 and the other at 294.

I really need to see these going down now! :-/

[bangers] 05/10/2004 17:47

Yes crest data in the header.

I use Finspreads, so it was a December spreadbet. Their quote at close was 294.5-298.3. Could be in profit come open tomorrow:)

[gsands] 05/10/2004 17:38

bangers,

Is that crest data?

How on earth did you get 297 to sell? IG's best today was 294ish

Was that a CFD or spreadbet?

[bangers] 05/10/2004 16:40

Weak auction tonight, also worth noting loan stock has approx doubled in the past few months.

[bangers] 05/10/2004 14:26

Small short at 297(fins), will look to add close depending on how the FTSE pans out.

[bangers] 05/10/2004 12:23

Also might be worth waiting for the profit taking on the FTSE to start.

[bangers] 05/10/2004 12:20

You still short GS? Chartwise it looks like it could be worth a short, in the mean time i wouldnt be suprised to see a last ditched attempt at 300p if/when that fails there could be 40pts in it.

[badabing] 04/10/2004 14:32

Glands,

How's your short on these going then ?......LOL !!!

[gsands] 27/9/2004 13:18

\\\\can someone confirm if this is a increase or decrease of holding.



Pendragon PLC
27 September 2004





PENDRAGON PLC('Pendragon')


On 21 September 2004 Zurich Financial Services Limited and its Group confirmed
to Pendragon that, following a recent transaction it now holds a notifiable
interest in the ordinary shares in Pendragon, namely 4,384,816 shares,
representing 3.34% of Pendragon's issued share capital.

[gsands] 21/9/2004 18:12

Simon,

Are you still short on this?

If so things should be looking rather promising - especially after HR Owens diabolical outlook statement.

Guy Sands

[nwmadden] 05/8/2004 10:05

There's piece in the FT today summing up PDG today ending with ".... The potential benefits from the Bramall deal should be weighed against the risks from higher interest rates and the level of borrowings."

It mentions £287m net debt.

[nwmadden] 04/8/2004 12:12

Thanks for the info Simon. Had a good look at PDG today and sold my holding for 61% gain since Dec 2003.

[simon cawkwell] 04/8/2004 08:44

Gentlemen,

PDG's results statement this morning looks sparkling. But one should bear in mind that there is negative tangible net asset value and, surely, car sales have started to turn down. Sell while you can. I am short.

Simon Cawkwell

[greenslug] 08/7/2004 17:51

figures of car sales can be found on
www.smmt.co.uk under dataservices

Make your own decision as to whether Reg Vardy
are being over cautious, but yes car sale in the
last few months are slightly down on last years

[acamas] 08/7/2004 17:46

The question we all must ask is will the overall view of the sector drag down the value of one or more shares from good companies within that sector? I do not know the answer at present because I still do not understand the reason for the drop in the first place. Car sales will reduce at this time of the year. However we do have Elections coming up on both sides of the pond which should help bolster the markets. Either way the Elections go I do not think the sitting Government in this country will want car sales to fall off to much. Think of the tax each sale brings into the exchequer.

I still have an open mind. One thing is certain Pendragon did not takeover CD Bramall for their capitalisation to suffer. I am sure they will try to wring every pound of profit from the combined business thereby improving the share price. I am hoping Pendragon can buck the sector trend currently. When people finally come to the conclusion that this is a sound business then the share price should continue to climb.

[nwmadden] 08/7/2004 11:12

What a downer. 2 days ago PDG was reaching for the sky, and now it's almost knocking on the door of my 20% stop-loss that yet again I'm thinking of ignoring. I suppose despite the drop accross the sector, hopefully there's nothing stopping PDG continuing it's upward trend?

[acamas] 08/7/2004 11:08

I do not understand the mm's! My initial reaction yesterday was that they panicked, cut and ran. Just in case they received selling orders and they did not want to hold this stock

[slogsweep] 08/7/2004 10:29

oh dear. pros. pe= 10 y =3 growth= 40%. wanting blood out a stone as well don't come into it. Are dealerships so highly geared that a small drop in TO cancels out profit or is it just low summer volumes and any excuse to get the market churning?

[nwmadden] 08/7/2004 10:04

From the FT this morning:

"Record results from Reg Vardy failed to prevent an 11 per cent fall in the motor dealer's share price as the market chose to focus on trade figures that showed a drop in UK car sales since March."

[slogsweep] 07/7/2004 10:30

Reg Vardy reports lower sales outlook that seems to be the only blemish on the results :

(Correcting reporting period to full year)
LONDON (AFX) - Reg Vardy PLC reported a sharp rise in profits for the year
to April with pretax profits before goodwill rising 16.6 pct to a record 46.3
mln stg.
Including goodwill, pretax profit was 17.5 pct higher at 45.6 mln stg.
The car dealership announced sales of 1.61 bln stg, up 21.5 pct.
It announced a final dividend of 10.8 pence, up from 9.95 last time, giving
a full-year payout of 16 pence, up from 14.25.
During the period, the company bought or opened 18 new dealerships, bringing
its total to 91 dealerships.
The group said Block Exemption is stimulating considerable consolidation in
the sector and assisting it in reaching its near-term target of 100 dealerships.
Turning to current trading, Reg Vardy said new vehicle registrations in the
second quarter, particularly in the private small car sector, were below last
year's level and group profits from new vehicle sales in the first two months of
its new financial year were below planned levels.
However, it noted that the industry expectation is of a fourth consecutive
record new vehicle market in 2004.
It said profits from used vehicles and aftersales operations are ahead of
last year.
Reg Vardy said it remains confident of delivering another successful year of
growth and expansion.
[e-mail]
ak/

[nwmadden] 07/7/2004 09:48

Google News just found this:



-------------
Car buyers steer clear of dealers and turn to internet - Staff, Marketing 08:00 07-07-2004

LONDON - The majority of consumers would rather buy a car online or at the supermarket than from a dealership, according to research conducted exclusively for Marketing.

The survey, carried out by OMD Snapshots, revealed that 63% of consumers would prefer to purchase vehicles from an alternative source to a dealership.

Six per cent of consumers have used the internet when buying a car in the past 12 months. Of these consumers, 20% said they bought their car online and 93% used the web as a research tool.

In addition, 14% of respondents said online brand advertising from car companies would affect their decision to purchase a car. The survey interviewed more than 900 people.

The UK car market is preparing for deregulation next year following a review of European Union block exemption rules.

--------------------
Could be related? A general worry that car buying habits as far as dealerships are concerned, are changing for the worse?

[acamas] 07/7/2004 09:20

It is a mystery. Not what I would have expected at all. Although buyers are moving in on the current price which indicates that they believe this to be oversold.