We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
The article I read mentions that the broker has 'reiterated a buy price of 46p'. In either case it's a buy and still much higher than it's current price. Which to me affirms confidence in the company.
The broker rating was a downgraded from 52p to 46p how can that be good. ?????
http://www.fiscalstandard.com/2016/10/19/shares-of-pendragon-plc-lonpdg-rated-as-buy-by-analysts-at-berenberg/ Looking good!
Hi baagatwick where did you see the broker rating of 46p ? can you send link Cheers
PDG has retained its 46p price rating. Should see a gain in this stock as a consequence to that. It's a fundamentally good business and under priced at the moment.
Again far more buyers than sellers, but price barely moves. Capable of sharp movements down but no upside foreseeable. Admittedly "buyers" may not be correct and share buyback working daily. Is this now going to coast along at this level during winter months?
I agree have never chanced my luck with pdg don't trust their ability to run the company professionally after the vardy fiasco. Little boys with toys. I got to stop myself or i could really rant on.
camb, vtu better value esp on ev/ebit ..dyor, all
Sorry that should say bid not bit.
Having suffered this share for many years, I am reluctantly offering up the view that this is simply a crap share. The market should like this stock - good div, low PE etc, but the share has failed to live up to expectations. Sadly because this is a large part of my Pension I have to stick with it, but a bit from Inchcape at 50p would put many of us out of our misery!
Sorry 15th September
Cm have a look a my post on vertu motors dated 25th September ref this
Any thoughts on consolidation in the sector? If many are on the backfoot as suggested, there must be a benefit in having greater muscle to deal with manufacturers, plus economies of scale etc. Although pension deficits will scare off many- even though recent market performance may be helping there too. Otherwise there seems to be few reason s to buy PDG now even though they are buying their own shares
I think all the pain is already taken in this sector maybe 10% drop at most. The market expects the worst and is trading at that level. Barring unexpected wars or more movement down in the pound sub 1 euro that would be nasty.
yep ultra cyclic lol ..at some point all of them (vtu, camb, pdg..even inch)..will be screaming buys..but still reckon more pain first
Welcome cm. The main reason imo is due to forecast numbers. Current performance or the next 6 months does very little for the share price.( may pull it down even if good news ). The markerts are looking at the next 2 to 5 years that's the problem in this sector very cautious over the long term numbers and built into the mt stocks.
Not seen this board before or watched PDG but keep seeing them in the list of compamies buying back their own shares. (So future profits shared by a smaller number of holders of course.) And yet the SP just drifts down?? P/E less than 6. Are they just off the radar or unloved for some reason? Maybe just another that drifts in the absence of news/results...Any thoughts from better informed holders welcome please!
Thank you Stalin123
Yorkshireman it should be good news as these transactions are for cancellation meaning fewer share's in issue but small numbers when u look at the total number. Every little helps.
Transactions in own shares -- is this good news for PI's or bad news ?
Meant to reply age's ago yes your right cracking CEO shame about the ramble around him.
Cracking business, with a CEO who is really on the ball and knows the motor trade .
from the nightmare of 25p ish. Now only around 10% below pre Brexit verdict price of 37.5p. This remains a great business and people will still buy and repair their cars through this firm, irrespective of the eventual move away from the EU. Interims due in August and I expect a hike in the dividend. baagatwick is right to expect up to 40p soon, although the word unabated in his text, will require a massive re-rating of the stock.
I think we will soon see it break into the 30's, and actually there is no reason why it won't continue unabated towards the 40's.
than brex-cession decline imv