Pinewood Technologies Share Discussion Threads

[nicolaw] 11/4/2024 20:08

or even worse- 38.27-24.5 /20= 0.6885p?? eek

[nicolaw] 11/4/2024 20:01

hi all, this is tempting share but .... excuse my maths but is this correct?

for every 20 shares you own on ex div day, 38.27p (current SP) X 20= 765.4P but cash recd of 24.5x 20= 490 = but share price will drop by specidal div eemt- 490 leaving 275.4 for the 20 shares, however they will split by 20 so worth 13.77p give or take, but divestment valued it at 10p so is that 3.77p premium? is 38.27p a premium and better to buy afyer special divi or if drops less than 10p? also noticed no divs since 2019 so not likely to be any more again for a while.. although there are growth prospects here:)
wondering if im mnissing something and better to wait after ex div and place cheeky order at 9.5p??:P

[plasybryn] 11/4/2024 12:12

Ex Dividend 23rd April
Payment 7th May

[plasybryn] 11/4/2024 12:10

Bit old now but a summary:- Meeting getting close.
(Sharecast News) - Pinewood Technologies announced a significant return of value to shareholders on Friday, following the disposal of its UK motor and leasing business to Lithia, as it announced on 1 February.
The company, formerly known as Pendragon, published a circular outlining a proposal to return around £358m in cash to shareholders through a special dividend of 24.5p per existing share.

It also proposed a consolidation of its ordinary share capital.

Pending the approval of resolutions by shareholders at a planned general meeting, the company said the dividend was expected to be paid on 7 May to shareholders registered by the end of business on 22 April.

Under the proposed capital reorganisation, one new share would be issued for every 20 existing shares, subject to fractional entitlements.

The firm said the restructuring would reduce the number of ordinary shares held by shareholders, while maintaining the proportion of the company's issued share capital held.

Despite having a different nominal value, the new shares would trade on the London Stock Exchange on par with the existing shares, and carry the same rights under the articles of association.

The general meeting convened for shareholders to approve the relevant resolutions was scheduled for 22 April.

[c_k] 05/4/2024 08:04

RNS released - special dividend 7th May and a share consolidation

[eagle eye] 19/3/2024 11:36

Vox Markets Fund Manager Series: Chris Mcvey of Octopus Investments 19/3/24.

Pinewood Technologies featured at 12.00 mins to 14.30 mins

[srcg] 06/3/2024 20:00

Thanks eagle.

Appreciated

[eagle eye] 06/3/2024 19:50

Srcg,
This interview with Chris Mills dates back to November, but is a good introduction into Pendragon and Pinewood Technologies.
It starts around 3.30 and runs for about 10 mins.



At then end of December the Pinewood stub was valued at 7.5p(PDG 32p less 24.5p divi). Now at 37p, the stub is valued at 12.5p (PINE 37p less 24.5p divi), which is up 66% in just over 2 months.

[elsa7878] 06/3/2024 19:03

Annoyed I sold 1/3rd at 36. Thought with the delay before the distribution that the share price might take a breather or retrace a bit. I know some investment manager's think Pinewood might end up being multiples of the divestment valuation of 10p. It's now 13p. I reckon with the change of year end to end of January that the distribution will be delayed another month. Was end March now April? with a backstop in May...it's a long wait unless it keeps rising in the interim....

[srcg] 06/3/2024 17:47

Hi
New here…

Where do longer term holders see this heading?

Slowly ticking up - I guess time will if they can pull revenue in from new JV

[hopesprings] 21/2/2024 10:57

How many does he hold now (excl option entitlements), and perhaps the market needed stock? From the company's perspective,getting some new institutional holders on board at this stage of their evolution is desireable.

[c_k] 20/2/2024 12:28

He sold them

[eagle eye] 20/2/2024 11:13

PDMR Notification:

CEO William Berman sells 1.46m @34.85p.





c_k, Thanks, have corrected error.

Interesting to see the share price move up by the end of day 35.4p - 35.55p

[eagle eye] 17/2/2024 12:57

!FOLLOWFEED

Following Pendragon's disposal of it's UK motor retail and leasing business to Lithia for £367m in Spring 2024, the business has been relisted as Pinewood Technologies.

24.5p per share was distributed to Pendragon shareholders in May 2024

In addition to the newly listed entity, both Lithia and Pendragon have each invested £10m into a joint venture with perpetual rights to sell Pinewood's products into the US market. House broker Zeus details the JV would have access to c 17.5K users across Lithia's 296 US dealers alone, and could add over £40m of annual revenue.

Pinewood offers a fully integrated Dealer Management Software system and is a high growth, high margin business with 90% recurring revenues.

Company Website:


DMS Features:

Testimonials:


SHARE PRICE CONSOLIDATION

In April 24 the company announced the payment of 24.5p per share to be distributed to shareholders.
Pinewood also announced a share price consolidation on a 1 for 20, so the number of shares following consolidation will be 87,115,622.


CAPITAL MARKETS EVENT

Pinewood Technologies Group, a leading pure-play SaaS business providing innovative retail solutions to the automotive industry, announces it will hold a Capital Markets Event for investors and analysts at 9.30am on Thursday, 24 October 2024. It will be held at 200 Aldersgate, London, EC1A 4HD.

The event will feature presentations from Bill Berman (CEO), Ollie Mann (CFO) and other senior leaders from across the business, which will set out more detail on the Company's strategy, addressable markets and key growth drivers.

To register your interest in attending the event, please contact Headland Consultancy ([e-mail]).