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Share Views Ep. 19
HUM CEO updates on Yanfolila and Dugbe Gold Projects.


Pendragon Share Chat (PDG)



Share Price: 31.50Bid: 31.25Ask: 31.50Change: 0.50 (+1.61%)Riser - Pendragon
Spread: 0.25Spread as %: 0.80%Open: 31.00High: 31.50Low: 31.00Yesterday’s Close: 31.00


Share Discussion for Pendragon


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Stalin123
Posts: 213
Off Topic
Opinion:No Opinion
Price:31.00
RE: Broker ratings
14 Nov '16
Hottips the thing that worries me about the dragon and pre reg is the volume they do just to hit the numbers taking to much VB to profit and not standing the car or vans right if they don't sell them quick they are very soon out of bed.
From personal experience the bod walk around with one eye shut.
Parts is another area that worries me how much obsolescent stock is building up just to hit todays purchase targets.
Today's profit tomorrow's loss?
46p is miles away 34p is more realistic if they are counting the beans correctly. Big if.....
 
hottips46
Posts: 15
Answer
Opinion:No Opinion
Price:31.00
RE: Broker ratings
14 Nov '16
I think you are right Stalin123,given the small margins that exist particularly in the used car side of their business and the absolute need for volume growth it looks a huge risk to me.
If you look at the reported volumes from the other major players, Marshalls, lookers, Inchcape, Vertu etc they have all focussed heavily on used cars this year with significant gains.
Without sounding too pessimistic I cannot see the used car market continuing to grow and therefore the competition will become much more fierce for Pendragon during the next 12 months .
We all see the press reports around high concentrations of nearly new /pre reg. cars which are being sold at low to no margin and Pendragon must be much more exposed to this than it has been in the recent past.
I note today, that in the motor trade press, Pendragon are on a major recruitment drive for technicians and it may well be a signal that they are having to focus very quickly on alternative profit streams to prop up their used car business.
Add this to the loss of a number of senior operations people,( you only have to log on to their vacancies web page to see how many people they need to replace !!) and I think the brokers are more than optimistic .
I hope they get to 46p as along term investor but I suspect I will be disappointed again, 34p looks optimistic... !
Topgun21
Posts: 1
Off Topic
Opinion:No Opinion
Price:30.25
Positivity
2 Nov '16
Share price creeping up and lots of buys today. Confidence coming back?
baagatwick
Posts: 234
Off Topic
Opinion:No Opinion
Price:30.00
And now three directors deals.
31 Oct '16
Seems full confidence in the company and its abilities for stable and sustained future growth.
baagatwick
Posts: 234
Off Topic
Opinion:No Opinion
Price:28.00
RNS
25 Oct '16
Great RNS, hopefully start to see an up movement of the share price going forward!
Stalin123
Posts: 213
Off Topic
Opinion:No Opinion
Price:27.75
Broker ratings
21 Oct '16
Are as follows.
Lookers 220
Vertu 87
The dragon 46. If they ever get there i will buy myself a harley there pie in the sky at present put the lottery on.
slimchance
Posts: 96
Off Topic
Opinion:No Opinion
Price:27.75
baagatwick
20 Oct '16
cheers I would take 46p at this time
baagatwick
Posts: 234
Off Topic
Opinion:No Opinion
Price:28.25
RE: Broker downgrading
20 Oct '16
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.
Stalin123
Posts: 213
Off Topic
Opinion:No Opinion
Price:28.25
Broker downgrading
20 Oct '16
The broker rating was a downgraded from 52p to 46p how can that be good. ?????
baagatwick
Posts: 234
Off Topic
Opinion:Buy
Price:28.25
RE: Broker rating
19 Oct '16




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