Pinewood Technologies Share Discussion Threads

[niklol] 02/5/2024 09:42

Car Dealer Magazine
Good write up re Pinewood this morning

[johndoe23] 29/4/2024 17:42

Was intending to buy in today, tomorrow!!

[bigbigdave] 29/4/2024 16:46

Taken a position here today.
If Andy Brough at Schroders likes them that's a great positive.

[bigbigdave] 28/4/2024 08:46

Schroders taking an initial stake on Thursday, 6.6%

[niklol] 24/4/2024 17:42

Thanks for all your responses to me.
I got my head round it today! Yesterday couldn't!
Let's all hope for a good day here tomorrow

[cb7] 24/4/2024 16:29

from memory zeus had 27m pencilled in for fy27 (3 yrs away) and that was ebitda! Mkt cap now 270m

[theapiarist] 24/4/2024 12:05

Thanks Jak.

[jaknife] 24/4/2024 11:46

FWIW:

1. Lithia put fresh money in at the equivalent of 10.3p per share (excluding dividend), which is 206p post consolidation.

2. The only forecasts that I've seen are from Zeus, you might be able to get them by signing up here:



otherwise I downloaded them from Research Tree.

JakNife

[theapiarist] 24/4/2024 11:35

CB7

I'm new to this stock so have maybe missed a few things. However, I gather from what I have picked up that much has happened since that 8p valuation. Not the least of which is the fact that they are no longer rated as a car dealer but as a technology stock.

My readings thus far suggest an industry leading product.

Considerable potential in the US via the joint venture with Lithia (who are also a 17% shareholder), the largest US dealership committed to rolling out the product to several hundred of the dealers in their network, plus other dealerships, potentially running into further hundreds. This alone, with the higher rating of US Tech stocks could be a game changer.

Increased turnover worldwide with management confident of future growth.

As for the UK market, dealerships will be more favourably disposed towards a standalone Pine than the former Pendragon (a competitor).

As I said earlier, I'm a new boy to this stock so would be grateful if you could point me in the direction of those forecasts that you mention.

[cb7] 24/4/2024 09:38

when pdg was around 32.5, then pine was valued at only 8p and looked good value. It has almost doubled since, now 16p x20 = 320, which on forecasts looks expensive. I was intending to buy yesterday, but decided to give it a miss.

[rose_by_another_name] 24/4/2024 08:58

You are worrying about the way your holdings are listed,
niklol, rather than any actual loss. As Ap says, this
always happens on the day a stock goes ex-dividend. One
day the stock is worth what it is worth plus the expected
dividend to come, and the next it is worth only what it is
worth. It is seldom that a dividend is as large as this one,
so the effect on the share price is usually much less.

[niklol] 23/4/2024 21:24

Let's hope we have a 60% rise soon!!!!!

[theapiarist] 23/4/2024 20:59

Perhaps because they are much smaller, so less noticeable. But the share price is the share price and the cash is the cash - never the twain shall meet.

It is disconcerting having a ca 60% loss showing against your stock. But it will remain showing a loss on the books until the share price rises by 60%. In the meantime you can console yourself thinking of ways to spend the cash, which hopefully is in a SIPP/ISA!

[niklol] 23/4/2024 20:19

Perhaps it will rectify May 7th.
Never have I had this problem previously with other divis

[theapiarist] 23/4/2024 18:01

How else is a dividend to be treated, niklol?

Are you suggesting that each dividend be allocated to the stock that paid it. If so what happens when you purchase more stock with that dividend? Or pay the school fees?Does the original stock suddenly revert to being a loss maker?

The loss for the total portfolio will disappear on 7th May with an injection of cash.

[niklol] 23/4/2024 17:22

Jaknife thanks for your response.
You are correct it is the difference of the divi due.
However when the divi is oaid it will go into income and the overall loss will still be the same on the portfolio.
There is a loss shown next to Pinewood and the same for the total
portfolio.
It's daft in my opinion

[theapiarist] 23/4/2024 14:43

The proposal document doesn't appear to make it clear, Rose.

"Under the Capital Reorganisation, it is proposed that 1 new Ordinary Share of 100 pence each ("New Ordinary Shares") will be issued for every 20 existing Ordinary Shares of 5 pence each ("Existing Ordinary Shares") (subject to fractional entitlements)."

Since the entitlement to the special dividend is absolute and based upon the pre-consolidated share holding, it follows that it is not dependent upon any fractional adjustment.

Which leads one to assume that their statement implies some form of compensation for any missing fraction post-consolidation. They don't say how this is calculated.

In reality this is unlikely to exceed 19x£3ish = £57ish. (I think!)

Edit

That final line of "logic" was very sloppy.

In fact, I believe that the compensation would be based on the pre consolidation shortfall eg the share price less the special dividend times the number of shares short of a multiple of twenty

ie to a maximum of (.393 - .245) x 19 = £2.81

If I've got that wrong please don't throw rotten fruit!

[rose_by_another_name] 23/4/2024 13:23

Still £$4.90 per new share, with any fraction paid proportionately.
Not clear if you are compensated for the fractional share itself.

[jaknife] 23/4/2024 13:03

Rose, yes, assuming that you held a round multiple of 20 shares pre-consolidation.

[rose_by_another_name] 23/4/2024 13:01

So £4.90 per new share after consolidation.

[jaknife] 23/4/2024 12:43

niklol,

You need to wait until 7 May for the special dividend to be paid (*), as set out in the dividend RNS:



You're due 24.5p per old share (pre today's 1 for 20 consolidation).

JakNife

* unless you hold the stock via CFD or spread bet, in which case it will be credited to your account today, the ex-div day.

[niklol] 23/4/2024 10:09

My problem is that today I am showing a total loss not a gain

[jaf111] 23/4/2024 09:13

Can’t deal online with II….

[nfs] 23/4/2024 09:12

I bought today with HL- just after 8amNo problem

[niklol] 23/4/2024 09:09

Anyone else with HL??
Ijust called them as mine are showing completely incorrectly.