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I didn't say this will dip, and don't think it will dip. I said I would buy in (probably heavily) if it goes back to under 20's again. More likely slow but steady rise and am looking to buy back in soon anyway. This is still on my list of 4 shares I want for long term hold
Any reason why a dip might come? With recent renegotiation of the debt sorted, dividend in place, I can't see any reason for a dip other than to let us get back in at a low price!
I'm with you -- due a dip to this price range 14 -19 shortly imho
think your spot on year end 30P
It's not going down to 20P, it's continuing with it's steady rise to 30P now!
So when are they going to consolidate this one I guess 10 to 1 makes sense maybe when it gets down to around 20 p
big trade?....
While the latest data showed the European car market continued to suffer in January, the UK-focused dealership Pendragon was reaping the benefits of a stronger market in Britain. Pendragon further signalled confidence with a return to dividend payments, albeit at a low level of 0.1p a share for the final dividend, to be paid following the annual meeting in May. There is every reason to suggest that trend will continue in the near term. UK trade body the Society of Motor Manufacturers and Traders is forecasting registrations will grow by 0.6% this year to 2.057m vehicles, and by 2.6m to 2.11m vehicles in 2014. Given 2013 got off to a strong start, with registrations up 11.5% in January - traditionally the third strongest month - the forecast for this year could well prove conservative, although it is still early days and the economic backdrop remains weak, The Telegraph's Questor team says.
I'm out of PDG for now too. Will buy back in if it goes back to 18-19 again.
No I didn't. Your tip at the end of Jan came too late - I think the price was already around the 12p mark, so I decided it was too late. Will it go further soon? One can never tell. I feel PDG has found its right level for now. Again I'm still looking for a bit of a retrace to invest again. S.
Chief Executive Trevor Finn commented: "The group had a strong second half in 2012 and is well positioned for 2013. Having strong brands and online presence is key to success in the retail market." "The continued investment in our online strategy has established a strong platform for the business. The group is encouraged by the improvement in the used and new vehicle departments and remains on track with its debt reduction targets." Pendragon has proposed a final dividend of 0.1p per share. Net debt was down by £30.4m over the prior year.
Car dealer Pendragon said increased demand for new cars in Britain helped drive the group's full year performance. Underlying profit before tax jumped 18% to £36.4m in the year ended December 31st while revenue for the year increased 5% to £3.63bn. Pre-tax profit soared 58% to £37.8m. On a like for like basis, revenue increased by £196.5m, underpinned by its used and new vehicle sectors. The car retailer said demand was fuelled by an 18% rise in visitors to its main dealer websites: Stratstone.com, Evanshalshaw.com and Quicks.co.uk. Pendragon added that vehicle markets are recovering in the UK and in 2013 growth is expected in new, used and aftersales.
Couldn't imagine any reason why they would sell Stratstone, its a huge % of their business, good to see the current results.
Pendragon: Jefferies moves target price from 20p to 31p maintaining a buy recommendation.
Did you get into JLP?
No of course they don't. In the UK(only) PDG are bigger then Inchcape, but I can't see Inchcape wanting to take on their debt.
What's this about Inchape - do they want Stratstone? they have lots of Premium brand dealers already don't they.
Profit up. Dividend at last I have share that's going to relate with debt coming down aswell.
Come on inchcape give us 40p a share and we can all go away happy. You know you want Stratstone it would look great in your portfolio.
21/02/13 according to TD,,,,,,,,
It cant be the 17th ooops. Its definitely soon.
The share issue is virtually irrelevant. Take a look at the numbers of shares being issued compared to what is outstanding.
Any chance on the way upto the results on the 17 th
just agree with me -- 14 to 17 buy ok ???
was looking at this share earlier. noticed mr Rabbie bums bought into this last week. Not sure now with the additional listings.