ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

PINE Pinewood Technologies Group Plc

454.00
7.00 (1.57%)
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
  7.00 1.57% 454.00 1,126,615 16:35:23
Bid Price Offer Price High Price Low Price Open Price
468.50 469.00 471.50 443.50 443.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Automotive Dealers, Nec 31.2M 5.7M 0.0579 80.92 440.03M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:46:38 O 220,000 454.00 GBX

Pinewood Technologies (PINE) Latest News

Pinewood Technologies (PINE) Discussions and Chat

Pinewood Technologies Forums and Chat

Date Time Title Posts
06/6/202511:15Pinewood Technologies - Pendragon's Jewel in the Crown160

Add a New Thread

Pinewood Technologies (PINE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2025-06-20 16:15:00454.00220,000998,800.00O
2025-06-20 15:46:38454.007,66234,785.48O
2025-06-20 15:46:38454.002321,053.28O
2025-06-20 15:46:01454.0081,177368,543.58O
2025-06-20 15:36:39454.001,9528,862.08O

Pinewood Technologies (PINE) Top Chat Posts

Top Posts
Posted at 20/6/2025 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 447p.
Pinewood Technologies currently has 98,440,653 shares in issue. The market capitalisation of Pinewood Technologies is £461,194,459.
Pinewood Technologies has a price to earnings ratio (PE ratio) of 80.92.
This morning PINE shares opened at 443.50p
Posted at 06/6/2025 08:14 by zho
PINE to acquire Lithia's 51% of their US JV for $76.5m, to be satisfied by issuing new shares.

Lithia to sign 5 year contract with PINE – expected to generate $40m in ARR, increasing to $60m on completion of further US-specific apps.
Posted at 02/4/2025 09:51 by zho
Paul Scott has made yesterday's report (which includes a section on PINE) free to view:
Posted at 01/4/2025 10:00 by zho
We were told that UK competitors of PDG were reluctant to use PDG/PINE software, presenting a big opportunity when PINE split from PDG, so it puzzled me that there was no mention of possible resistance to the Lithia/PINE JV selling to Lithia's competitors in the US.

In today's presentation I think there was some discussion about the possibility of PINE buying out Lithia's stake in their JV but my internet connection cut out at the vital moment. Something to watch out for in the recording, at c. 15 minutes in.

Edit: Yes - this is from the slides accompanying today's presentation:

"Progressing negotiations with Lithia for Pinewood to potentially assume majority control of JV to increase its total addressable market"
Posted at 28/3/2025 18:10 by p1nkfish
Why doesn't he just do £60K when the price is attractive?
Posted at 20/2/2025 16:59 by mighunter
Proposed acquisition of remaining shares in Seez. Seez co-founder to subscribe for £477k of placing, PINE NED to subscribe for £20k.
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 13/10/2024 10:51 by simon gordon
Talking Talk - 10/10/24

Pinewood – time taken to create or sell does not necessarily reflect scale or quality

On approximately 8.5x EV/Sales for FY24 (Dec), much of Pinewood Technologies’ market value must be attributable to the considerable potential in the US, courtesy of its relationship with Lithia, the third largest new car dealer in the US.

Pinewood is an established car dealer management software business. It was previously a subsidiary of Pendragon, the UK car dealer, prior to its takeover by Lithia. Lithia retains a 25.5% stake in Pinewood and, in addition to the roll-out of Pinewood’s product across its around 50 non-Pendragon UK dealerships, it provides Pinewood with the opportunity to sell into Lithia’s 320-dealership US network as a springboard into the wider multi-billion-dollar US market.

To its great credit, management has stated that the US business is in many ways like a start-up. Although possible less of a start-up than Made Tech’s software adventure.

The Pinewood Technologies plc timeline does not fit with the Pinewood Technologies product development timeline. The US product isn’t ready yet and there is no established sales structure. There is a customer in place in the form of Lithia and beyond that there is interest from other parties. But interest in a software application is not a sale, and Pinewood’s management knows that.

There are well established solutions in place although, as Pinewood’s management is keen to point out, they are less than optimal, with management regarding the fact that Pinewood will be able to offer a unified solution as a key competitive advantage.

The attraction of removing up to 10-12 open windows from customers’ desktops is evident but that is 10-12 products that are on different purchase cycles, possibly attributable to different departments, all with die-hard fans within the potential customers. And for many customers, the integration work may have been done already.

There is no clear imperative, no industry trigger, to the adoption of Pinewood’s system.

It could well provide a more cost effective and user-friendly solution that improves its customers’ operational and financial performance, but it needs to be proven in the US. While working within the Lithia stores may prove its direct worth to Lithia, it may require third-party evidence to make a wider potential customer base believe.

On top of this, we have Lithia’s roll-out. Lithia’s priority is Lithia ($8.3bn market cap), not Pinewood (£279m market cap). And even if we consider it from the standpoint of Lithia as a long-term shareholder (25.5%), it makes sense to ensure that Pinewood is not driven by short-term UK investor relations targets – most notably the number of Lithia US stores served.

So many variables are at play in determining how long it will take for Pinewood to make its sales in the US. Much as Pinewood’s management might wish to provide detail on the milestones in the US, it really can’t.

The risk is that the market interprets slower sales processes or just the need to get ducks in a row as evidence of a smaller market size, or more likely a struggling product. Furthermore, the ‘market’ is quite capable of creating a narrative that is not about its own failure to listen but more about a perceived failure on management’s part to caution.

Pinewood has provided quite detailed commentary on what it hopes to achieve in European and Asian markets, where it has a product and knows how things work. This gives the market something to look at in the meantime, but perhaps in doing so it is creating a demand for it to set out targets for the US.

The challenge and opportunity for investors is that the thing that changes (timing) is the thing that makes the difference to the short-term share price, but not much difference to the long-term value.

That said, with the current key milestone being the ‘roll-out to start in Lithia stores in FY26’, if management does nothing wrong in the meantime, the challenge may be staying interested.
Posted at 08/10/2024 09:23 by zho
Perhaps worth listening to last week's presentation.

Mgt explain that the drop in PBT from £4.6m to £4m – presumably the main cause of the drop in the share price – was caused by a step change in costs, particularly on sales and marketing, but that there is only modest further expenditure to come.

They say that Lithia didn't really get moving pushing PINE's DMS until July and so we should hope for higher rates of user growth than the H1 figure of 3.6% in future, although greater revenues per user are expected to be the real driver of increased profitability.
Posted at 19/8/2024 09:23 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 24/6/2024 09:12 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
Pinewood Technologies share price data is direct from the London Stock Exchange

Pinewood Technologies Frequently Asked Questions (FAQ)

What is the current Pinewood Technologies share price?
The current share price of Pinewood Technologies is 454.00p
How many Pinewood Technologies shares are in issue?
Pinewood Technologies has 98,440,653 shares in issue
What is the market cap of Pinewood Technologies?
The market capitalisation of Pinewood Technologies is GBP 440.03M
What is the 1 year trading range for Pinewood Technologies share price?
Pinewood Technologies has traded in the range of 284.50p to 475.00p during the past year
What is the PE ratio of Pinewood Technologies?
The price to earnings ratio of Pinewood Technologies is 80.92
What is the cash to sales ratio of Pinewood Technologies?
The cash to sales ratio of Pinewood Technologies is 14.78
What is the reporting currency for Pinewood Technologies?
Pinewood Technologies reports financial results in GBP
What is the latest annual turnover for Pinewood Technologies?
The latest annual turnover of Pinewood Technologies is GBP 31.2M
What is the latest annual profit for Pinewood Technologies?
The latest annual profit of Pinewood Technologies is GBP 5.7M
What is the registered address of Pinewood Technologies?
The registered address for Pinewood Technologies is LOXLEY HOUSE, 2 OAKWOOD COURT, LITTLE OAK DRIVE, NOTTINGHAM, NG15 0DR
What is the Pinewood Technologies website address?
The website address for Pinewood Technologies is www.pendragonplc.com
Which industry sector does Pinewood Technologies operate in?
Pinewood Technologies operates in the AUTO DEALERS, GAS STATIONS sector

Your Recent History

Delayed Upgrade Clock