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Wakey wakey.look great http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=12040805
Small article in the "Times" today suggesting positive figures on Tuesday..
Shorters.. I know about B R but I think we are also being computer traded. It should become much harder to do so if news of excellent figures begin to lift sentiment. 485Ferrari confirms what I am being told and see. 36p before the results should be I agree quite possible..
Spindok, you are absolutely right. PCP's (Personal Contract Plans) are up (Cash Cow PCP's) F&I up, extended warranties up, service plans up. I'm expecting good results from PDG as Vertu had impressive results and so did Caffyns.
What makes you think there is much shorting of PDG? Blackrock have a disclosed position of 0.55%, but there is no-one else over 0.5% I do agree though that we are in the middle of a little re-rate before interims. 36p perfectly possible before they're out.
The shorters will be wanting out of here in the next few days. The update should come in the next two weeks. With the number of new vehicles being registered and the booming finance market abnd not be expected to disappoint.
It seems just about everyone I know has acquired a new vehicle in the last year and many are not cheap runabouts but expensive prestige jam jars. Notice I say acquired because few have bought them but instead opted for all the fancy schemes of leasing and extended finance. There is money in selling these schemes. The profits are far more than plain cash sales (Which I got told they did not want to do!!) so I fully expect the figures due in about two weeks to reflect.. They should be excellent...
Buy when ------------ 17 to 22 gl all
About two to three weeks.. Then we get a half year rns and hopefully a re rate..
What's it going to take to get back to the 40's. Seems to be all positive news but share price taking a hammering.
looks like the reason for all the sells is gone.. Norge
Hope so. Just a waiting game here I think
New vehicle registrations up 10% in first half of 2014. Surely this will reflect in their next update...
This is one of my shares that constantly is either overbought or oversold. Needs to find a happy medium I think
The vehicle market is supposedly booming in the UK, the last update said they expect to be comfortably ahead of expectations and yet you'd think there'd been a profit warning looking at the sp performance since January. P/E ratio is now under 10, perplexed is the word!
If I didn't already hold as many as I wanted, I would certainly buy at this level. But don't take my advice - I'm biassed.
Can buy at this level?
It's because they advertise in Autotrader. As for the SP slide, I am a bit perplexed. There is still a 20% or so discount to the likes of Inchcape and Lookers.
Regards your comment dated 19th May, why would a car dealer necessarily be controlled by auto trades? Is this why the share price continues to slide for no apparent reason?
Sound investment... Interim was excellent.. All predictions say they are coining it..
BeauD I agree. Fairly good longterm bet IMO. Debt at much more manageable levels. I'm going to come back to mine in a few years and don't bother trading them.
Well spotted!!
what else would you expect for a car dealer?
35% offf the highs. Dividend paid and we are led to believe the motor trade is flying. New registrations are well up. You may have timed it right... Problem as I see it is it is being auto traded and held at a very narrow band width..
Thanks for the reply. This share isn't as active as other shares I am watching. I think there is potential for PDG to grow but I am not expecting anything spectacular. The UK is growing strong, but a lot of the results coming out are a little fake. A good long term hold I think anyway!