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Latest Share Chat
Pendragon Share Chat (PDG)
| Share Price: 25.50 | Bid: 25.00 | Ask: 25.50 | Change: 0.00 (0.00%) |  | ||||||
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Share Discussion for Pendragon (PDG)
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Back to reality...
27 Sep '12
Now the JJB thing is over. Good rise today again. Good long term bet this.
Mathspof
5 Sep '12
Cheers. JJB my more risky choice. Pendragon is my more long term bet in my portfolio. Just got a feeling about this one a few years down the line. Unless management mess this up I am confident about steady year on year increase
EyeGuy
5 Sep '12
PS good luck with your 0.1M shares - only a flutter really. Just looking back since the start of the year. I held approx the same value of JJB and PDG. Interestingly, I have made more profit on JJB since then, by selling at a half-sensible time. However in the long term: PDG + JJB = 0 ie I have lost on JJB approx what I made on PDG!
Maths prof-jjb
5 Sep '12
Thanks for that. I bought at 0.31 today- and only staked half of what I made on other shares today. Good call to get out early. Should be an interesting few days!
EyeGuy
5 Sep '12
JJB - yes. I bailed out at a loss at 7.31p after the first bad news. So glad I did. It's not now the kind of share I would gamble on - could go either way, but IMHO most likely to end up zero for shareholders.
Nice rise so far
5 Sep '12
Let's hope the new reg sales are up again and driving this forward. Still long waits for the evoque I see.
Maths prof
3 Sep '12
U following JJB? If so what's ur take on it? Soz guys for being off topic. Cheers
b36m
14 Aug '12
I agree with eyeguy that there is little likelihood of short term gain here. Those days are over for now. The sp now reflects a sensible valuation of a slightly risky motor dealer, given the high level of debt to service. Both Lookers and Inchcape are trading on higher p/es but they don't have very much debt. I suspect the price will still be around 15-16p in the run up to year-end results next year.
b36m
11 Aug '12
The share price fell because of Pendragon reporting cash flow incorrectly in the year end results. Apparently it was circa £33m overstated.
As far as i am aware this has now been rectified but obviously it is not good to build trust with shareholders on mistakes in the accounts.
As far as i am aware this has now been rectified but obviously it is not good to build trust with shareholders on mistakes in the accounts.
b36m
8 Aug '12
No expert myself but have held these for a while and sit on a tidy profit of 300 perc over 5 years across my portfolio.
Think historically these shares fall a bit after RNS. Probably the market expects them to do better and the realisation sets in that they have massive debts that are going to take a while to pay back, hence the sell off.
My gut says it is better as medium to long term bet. Maybe ask MATHS PROF as he/she seems clued up on the share.
Cheers. Good luck
Think historically these shares fall a bit after RNS. Probably the market expects them to do better and the realisation sets in that they have massive debts that are going to take a while to pay back, hence the sell off.
My gut says it is better as medium to long term bet. Maybe ask MATHS PROF as he/she seems clued up on the share.
Cheers. Good luck
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