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Pendragon Share Chat (PDG)

PDG Share Chat - RSS Feed

Share Price: 36.53Bid: 36.53Ask: 36.60Change: 0.00 (0.00%)No Movement on Pendragon
Spread: 0.07Spread as %: 0.19%Open: 34.71High: 37.43Low: 34.71Yesterday’s Close: 36.53


Share Discussion for Pendragon


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claudereff
Posts: 5
Off Topic
Opinion:No Opinion
Price:36.53
RE: weak share price
Fri 17:09
Better today hopefully seller finished
 
hottips46
Posts: 4
Off Topic
Opinion:No Opinion
Price:36.90
RE: weak share price
Wed 18:20
The chief executive, company secretary and chief operating officer look like they all remain according to the annual report from the time. The chairman was embroiled in some controversy earlier last year too looking at this article
http://economia.icaew.com/news/february-2015/kpmg-fined-over-independence-issues
claudereff
Posts: 5
Off Topic
Opinion:No Opinion
Price:37.77
RE: weak share price
Wed 15:00
458 their recent large acquisitions nearly broke the company not sure who remains on the board from the Vardy acquisition
458Ferrari
Posts: 4,527
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:38.59
RE: weak share price
Wed 12:02
In an ideal world you would do both finance permitting. The board obviously see more long term value in used car retailing plus the new 'trend' now is moving vehicles closer to the customer. The other groups are doing it.

What's disappointing with PDG is no new growth through acquisition. Marshalls added SG Smith and got some key Audi sites, Lookers acquired Benfield Motors while PDG aim for organic growth in a competitive used car market.
hottips46
Posts: 4
Off Topic
Opinion:No Opinion
Price:38.05
RE: weak share price
Wed 11:50
I bought my last Jaguar from Luton, 2 years ago so It could not have been that long. The point is why would you get rid of them to open 20 move me closer sites, would you not do both, 458?
458Ferrari
Posts: 4,527
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:38.68
RE: weak share price
Wed 10:25
In terms of operating profit they could, used car margins are increasing and volume is much higher. But some of the sites PDG are trying to develop just don't have the forecourt space.

If my memory serves me right, they got rid of JLR Luton years ago when it was still owned by Ford and generally struggling to hit targets.
hottips46
Posts: 4
Off Topic
Opinion:No Opinion
Price:38.90
RE: weak share price
Wed 09:31
I would not have thought that move me closer retail sites could replace these Jaguar and Landrover outlets?
hottips46
Posts: 4
Off Topic
Opinion:No Opinion
Price:38.90
RE: weak share price
Wed 09:28
I have been watching for a while and they have sold or closed, JLR outlets in Milton Keynes, Slough, Luton, Manchester, Bolton, Hull, Aberdeen, Perth, Edinburgh, Birmingham and Plymouth in the recent past all of which have been in the trade press . Every other retailer is making a big thing about buying in to JLR and paying big premiums,.
458Ferrari
Posts: 4,527
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:38.90
RE: weak share price
Wed 09:21
One possible reason for the sale of their JLR franchises could be due to the fact the company are heavily expanding their 'Move Me Closer' retail sites. I think a further 20 are planned this year.
claudereff
Posts: 5
Off Topic
Opinion:No Opinion
Price:39.31
RE: weak share price
Tue 20:35
good point 458Ferrari must be something more surprised the institutions not picked up on it




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