The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Quicker than I expected too. I only hold one better performing share.
Still have some of these but don't have enough admittedly. This has gone up quicker than I thought. Never bet against PDG. Never seems to let me down this one.
So its now doubled in 2013. The 10p rights issue is a dim and distant memory. Well done those who kept the faith, and are now amply rewarded.
speeding ahead, any faster & it may get points & speeding fine
Wanted to get more of these in the twenties though :-( All good for the future though GLA
I think 40p is about the right price all things taken into consideration .So lets get on with it Odey .
If he wants to buy me out 40p a share will be fine..... Figures were excellent and every car dealer is saying the market is picking up fast so confess to being a bit surprised as to why we are still wallowing in the 20's. This has to be a good long term investment and if he makes a play a short term reward...win win methinks
The shares have accelerated from a low of 13.5p in November and there has been speculation of late that hedge fund guru Crispin Odey, whose Odey Asset Management sits on 26.4 per cent of the equity, could possibly take the company private. Dealers still await the fate of luxury Mayfair car dealer HR Owen, which closed in neutral at 138p. Directors of one of the oldest car dealerships in the UK have rejected a £32.5million, or 130p a share cash offer, from Malaysian billionaire and owner of Premiership Football Club Cardiff City, Vincent Tan, as being inadequate. It awaits either an increased offer or a full withdrawal. Read more: http://www.thisismoney.co.uk/money/markets/article-2385717/MARKET-REPORT-Motoring-right-road-industry-raises-forecast-new-car-sales-2013.html#ixzz2bHumrutt Follow us: @MailOnline on Twitter | DailyMail on Facebook
Read this morning in the mail that there was a rumor that odey management [ 27% ] were thinking of taking PDG private..I guess there would be a small premium.1.4 mill shares at 40p=560 mill + 150 mill debt=700 mill still sounds quite expensive..
really quite good.... On the up methinks
Don't really need to. Share is already 65% up since Jan 1st.
Just living in hope
very unlikely. PDG has more uk dealers than they do, so would be a major operation to integrate. I don't think they'd want the debt, either. Better for INCH to expand by buying smaller dealers in specific areas if they wanted to expand.
Any chance of Inchcape buying out Pendragon .They dont have a great deal of exposure in Britain in the mass market cars, they could easily afford it.It would be nice to get a premium.
Saw Trev on the telly. He sounded upbeat in a busy showroom. Looking good profits probably heading upward hope they can eat into the still large debt.Also they must do a consolidation at some point.
Not a lot of chat on his share, just wondering if anyone has any views or advice on this , I work for stratstone and as a dealership we are having the best year ever so I'm hopeful that things are picking up
has confidence ..
big trade....
sales are up... Hopefully this is reflecting here!!
Hope so. Waiting to get back in here again. Think when I do though ill keep these tucked away and wait for the debt to clear. Will be waiting a long time- but I'm happy to be patient.
has dropped badly in the last week. p/e ratio dropped below pdg. I wonder if/when pdg (and look) will follow suit. If it does we will see a price under 20p!
up a few last week will try to add on dips
Agree. This does seem less risky now. Plan to get in here again soon.
The IMS out today now justifies what I thought previously was an inflated SP. 24p seems fair value at present. The only question is - how many more cars will we be buying before "the recession is over"? PDG gets less risky by the month, now.
Worth reading the comments made by Fitch when rating new debt B+. (See PDG Share news today).