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PINE Pinewood Technologies Group Plc

333.00
5.00 (1.52%)
30 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Pinewood Technologies Group Plc LSE:PINE London Ordinary Share GB00BSB7BS06 ORD GBP1.00
  Price Change % Change Share Price Shares Traded Last Trade
  5.00 1.52% 333.00 1,322,979 16:35:22
Bid Price Offer Price High Price Low Price Open Price
332.00 333.00 344.00 327.00 327.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Automotive Dealers, Nec 3.62B 45.5M 0.0320 103.75 4.72B
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:22 O 166,155 337.50 GBX

Pinewood Technologies (PINE) Latest News

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Pinewood Technologies Forums and Chat

Date Time Title Posts
29/4/202417:42Pinewood Technologies - Pendragon's Jewel in the Crown49

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Pinewood Technologies (PINE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-30 16:15:00337.50166,155560,773.13O
2024-04-30 16:15:00327.008,00026,160.00O
2024-04-30 16:15:00337.50110,000371,250.00O
2024-04-30 16:15:00319.00657,4112,097,141.09O
2024-04-30 16:15:00319.00657,4112,097,141.09O

Pinewood Technologies (PINE) Top Chat Posts

Top Posts
Posted at 30/4/2024 09:20 by Pinewood Technologies Daily Update
Pinewood Technologies Group Plc is listed in the Automotive Dealers, Nec sector of the London Stock Exchange with ticker PINE. The last closing price for Pinewood Technologies was 328p.
Pinewood Technologies currently has 1,421,944,405 shares in issue. The market capitalisation of Pinewood Technologies is £4,720,855,425.
Pinewood Technologies has a price to earnings ratio (PE ratio) of 103.75.
This morning PINE shares opened at 327p
Posted at 24/4/2024 11:35 by theapiarist
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.
Posted at 24/4/2024 09:38 by cb7
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.
Posted at 24/4/2024 08:58 by rose_by_another_name
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.
Posted at 23/4/2024 14:43 by theapiarist
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!
Posted at 11/4/2024 21:18 by elsa7878
If you have 100,000 shares at today's share price of 38.5 (value £38,500), you will receive a dividend of 24.5p - ie £24,500 and be left with 100,000 shares of 14p. The consolidation means that you will have 1/20 of the number of shares ie 5,000 (100,000/20), but those shares will be 20x more valuable ie £2.80 (14x20). Guess they want to get away from penny share status (and the usually larger % bid/offer spread).
Posted at 11/4/2024 20:01 by nicolaw
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
Posted at 11/4/2024 12:10 by plasybryn
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.
Posted at 06/3/2024 19:50 by eagle eye
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.
Posted at 06/3/2024 19:03 by elsa7878
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....
Posted at 20/2/2024 11:13 by eagle eye
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
Pinewood Technologies share price data is direct from the London Stock Exchange

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