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.
are disgusted with the company's recruitment procedure introduced last year. Previously applications for dealership based positions were sent direct to the DP. Applications now go to HQ where muppets who have no concept or understanding of any role in a dealership decide if the candidate is suitable before sending the CVs on. I've heard of experienced sales executives and sales managers with 20 year track records of success being over looked. And Regional Directors want to know why targets aren't being met and some "problem" dealerships have a high staff turnover? Idiots at HQ, look no further!
was a buy... The motor industry is doing well at the moment.
this is currently being "Playstationed" Hard to beat a computer but I think the result were fine. Patience and they will find a new game..
Wow this is getting hammered. Were the results really that bad? Might be time to jump ship. Opinions please guys.
some big old buys going in
Played like a fiddle today.. The rns was really very good. I agree with the broker forecast which is very unusual as they often tend to just spout tripe...
Well done with XEN- sounds like you will get a good return there. Just opened a SIPP so will add some PDG whilst they stay in this range. ATB
XEN transfer to US very lucrative - except that we can't at present trade due to delays in the transfer process. The SP is the equivalent of over 60p (for old shares) but we expect it to drop when liquidity improves. Has now displaced PDG as my no.1 stock!
Sorry - wrong board!
Does anyone know when the move will be made or is it something that may be announced with the results tomorrow?
Think your bang on with your analysis. Interesting the post by alpha pig a few days ago. Possibly the market expected slightly more profit hence the drop? Not overly concerned though. We've come a long way from the 2p days and we are going in the right direction. Looking to shuffle some funds and try and get some more at this price. O/T how did you get on with the XEN? Didn't take the plunge in the end.
no idea why this has dropped?
Operational Highlights · Online visitors grew 22%, reflecting the growth of Evanshalshaw.com, Stratstone.com and Quicks.co.uk generating 13.3 million website visitors. · Aftersales, our largest area of profitability, grew retail sales by 3% in the second half following the trend in new car sales. · Used performance continued to outperform the market with volume up 7% on a like for like basis and stable margins. · New UK retail sales grew on a like for like basis by 18%. Financial Highlights · Underlying earnings per share of 2.3p, up from 2.0p in the prior year (+15%). · Underlying profit before tax up £7.8 million to £44.2 million (+21%). · Proposed final dividend of 0.3p per share, following an interim dividend of 0.1p per share represents a 300% increase on the 2012 final and interim dividend. · Profit before tax up £4.9 million to £38.9 million (+14%).
No they're not. Pretty much exactly what analysts were forecasting a few months ago. It's any increase in expectations in profits for next year that might drive SP higher in the short term. Otherwise I expect we will trade in a 33-37p range for a few months.
http://m.londonstockexchange.com/exchange/mobile/news/detail.html?announcementId=11867488 Look very good. Are they higher than the market expects though?
Full year results tomorrow? Im wondering if Pendragon intend to move beyond California and start moving into other US states. Any opinions? Plenty of growth potential there.
Cheap deals help to drive Pendragon sales BRITISH car dealer group Pendragon’s profits are set to rise 15.7 per cent to £44 million, mirroring strong sales figures in the wider UK car market, analysts say. Pendragon owns the upmarket Stratstone brand On Tuesday the firm is due to present its full-year results and City analysts are forecastingrevenues of £3.9 billion, an 8.3 per cent increase on the same period the previous year. The owner of car showroom chain Evans Halshaw and the upmarket Stratstone brand should benefit from “the market backdrop of improving new car sales, a robust used-car market and a large after-sales market”, according to City broker Panmure Gordon. The broker adds that it expects Pendragon’s Quicks used-car sales and servicing brand to remain loss-making, although it should show some improvement on last year. The firm is also expected to provide an update on sales at its online operations. The UK car industry association the SMMT said that the new-car market grew 7.6 per cent in January, continuing a trend of strong growth seen in 2013. Last year attractive financingoffers and PPI mis-selling compensation payouts helped fuel a 10.8 per cent increase in new-car sales, the best performance in five years. Pendragon’s Stratstone business sells high-end cars manufactured by BMW, Aston Martin, Jaguar and Mercedes-Benz - See more at: http://www.*****************/british-car-dealer-group-pendragons-profits-are-set-to-rise-15-7-per-cent-to-44-million/#sthash.BSaIiEmF.dpuf
these have been struggling for the past 3 months about time they started to move !!!!!!!!!
How much are the expected good results already factored in to the price? Mostly I think. If results are above expectations, than its 40p+, but not otherwise I suspect.
expected in mid February. I cant see them dissapointing, I am an FD at a relativly small Dealer Group and we made £2.5M in 2013!
when are the results due ? and I hope HH makes +ve noises to!
no one has anything to worry about here. The results will be stunning in February. The Automotive trade is having it away.....
Happy new year to you too maths prof. PDG steaming ahead again! Ain't selling these for a long time. Off topic, Me going to take a look at xen today and decide whether or not it's worth it. Thanks for the advice. ATB
onward to 40p+ then.
Morning all, full year results expected in a month or so and anticipated to be materially ahead of expectations for the full year. Looking pretty good.