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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Pinewood Technologies Group Plc | PINE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 3.50 | 1.03% | 342.50 | 16:35:25 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 338.00 | 338.00 | 343.50 | 342.50 | 339.00 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 02/10/2023 | Special | GBP | 0.245 | 23/04/2024 | 22/04/2024 | 07/05/2024 |
| Top Posts |
|---|
Posted at 12/2/2025 11:29 by zho Citigroup Global Markets Limited at 5.8%. Threshold crossed in May 2024 but PINE only notified today. |
Posted at 15/1/2025 11:25 by zho Christopher Harwood comments on PINE from 22.25Also .... I hadn't realised that there was a recording of the October Capital Markets Day: |
Posted at 24/10/2024 14:57 by zho The Oak Bloke's analysis is at (Note that TOB is using the old year end of the 31st January, but PINE have now changed this to the 31st December) |
Posted at 26/9/2024 15:57 by plasybryn PINE half year results next Wednesday plus BRR Media webcast |
Posted at 04/9/2024 06:49 by zho PINE invests $4.2m for unspecified stake in Seez, "one of the world's leading automotive AI companies"."Seez has [previously] raised a total funding of $14.2M over 5 rounds" according to |
Posted at 19/8/2024 08:56 by zho >>Can i ask if you both feel comfortable being perhaps over-weight in PINE >>This is an intriguing situation and I wish I'd come across it earlier. If we accept the Company's (apparently confident) forecast of £27m EBITDA (spit) for 2027, plus the projected £12m from the JV, and the high EV/EBITDA multiples for SAAS businesses with (extremely) high recurring revenues then yes, we can see the case for a doubling of the share price over the next 2.5 years or so. But …. the JV's development of the software for the US market has to go smoothly, there may be resistance to US dealerships signing up for software (co-)developed by a competitor, they're up against a player with deep pockets in CDK (see carla's post above), and the valuation is expensive on conventional grounds. I was sufficiently encouraged by the story and by the bowl forming since mid-June to buy an underweight position last week (at 347p) and I'll now sit back and see how things develop. |
Posted at 19/8/2024 08:23 by carla2507 I am certainly not in a position to recommend anything as a buy or sell and you will note form my comments I have a positive bias towards PINE, so take my comments/views with a pinch of salt.The main obstacle to acquiring new customers for DMS providers is persuading dealer groups to ditch their existing DMS and disrupt their business while they move to a new system. That major hurdle goes away if the parent company owns a substantial stake in the DMS provider you are switching to. The question is, if the uplift in revenue from the Lithe network becoming customers of the Pinewood DMS is in the current price? I believe not. Also worth considering that any new customer is not a one off sales win, but recurring guaranteed revenue for years to come. The risk is in how quickly Pinewood can understand the requirements for US dealers (significantly different to the UK) and then how quickly/well they develope and test a product that works for US dealers. Their track record in the UK & EU suggests this is well within their capabilities. I don't expect to see a major uptick in price until mid to end of next year when Lithia dealers start to come on line with the new DMS product, unless of course Pinewood announce more deals with Manufacturers such as the Porsche deal. |
Posted at 18/8/2024 17:36 by plasybryn Great exchange. That comprehensive well informed reply is very much appreciated. Can i ask if you both feel comfortable being perhaps over-weight in PINE or isn't that the case. Cheers |
Posted at 15/8/2024 17:46 by zho What an interesting company. A few questions:i) We're told that UK dealers who were competitors of PDG were reluctant to use PDG/PINE software, presenting an opportunity for PINE now that it's independent of PDG, but we're also told that the Lithia/PINE JV expects to be able to sell DMS to Lithia's competitors, both in the US and here. Isn't it reasonable to expect similar resistance to signing up for a competitor's product? ii) Lithia has 299 'locations' in the US but 17.5K 'users' of DMS, so presumably c. 60 users per location. Could someone explain what's going on here. iii) Given that Lithia seem so keen on PINE (having increased their holding to 25.5%) does anyone know why Lithia didn't bid for the whole of PDG, and not just the motor and leasing businesses? |
Posted at 24/6/2024 08:12 by theapiarist Thanks for those articles, Rose.Looks like CDK Global will have 15,000 very disgruntled customers potentially looking for an alternative software provider. Interestingly, CDK Global were bought for $6.4 billion in 2022, meanwhile PINE's cap is a mere £325 million. Just a fraction of CDK's customers jumping ship would turbocharge the PINE share price |
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