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Might be interested in the recent update by a knowledgeable robot.
'' Indeed! The takeover of Pendragon by Lithia Motors, which was agreed upon in October 2023, is now approaching its finalization. As per the management’s promise, the completion of this significant transaction is imminent. Shareholders can look forward to the culmination of this deal in the near future. 🚗 ''
There was a special dividend plus shares in The Pinewood Group agreed by the takeover.
Only got a small amount but good ride this ;)
Why is the dividend this size?
Where does all the profit go?
CAZOO S/P DOWN AGAIN TODAY, and looks like the lowest total number of cars advertised on A/T since the pandemic ?
A big cash pile so why not buy their shares back!
Shame they don't increase the divi
With Cazoo in free fall and dramatically cost cutting, can Autotrader expect a serious reduction in revenue soon ? Cazoo currently show almost 7000 cars advertised on A/T. That's BIG BUCKS !
Keep an eye on the numbers! Are other big dealer groups reviewing their spending ? Please let us Know.
Why would AUTO buy a loss-making car leasing outfit?
https://www.lse.co.uk/news/AUTO/top-news-auto-trader-buys-vehicle-leasing-firm-for-gbp200-million-rynbhvykpc3jqo0.html
Surprisingly it jumped up first thing this morning and hit my limit sell at 7.05 my target price .
Happy enough with that.
May be back if it drops. Good luck all holders
A nice move up today and it gapped over 2% not bad for the last day of the month as a lot of squaring up takes place.
Watch the buying volume for indication for more upward movements
This share is on the move again.
Buy backs have been continuing more or less from July 21 and still happening.
The bought back shares are then cancelled which adds value to the company.
The last three broker rating targets were £8:00…. £7:50 and £7:25.
From a technical chart point of view this is a good time to enter, on Wednesday this bounced off the 200 day moving average then followed by a hammer candle the next day. Today’s rise helped to add weight to the hope it’s on the move.
I am in and good luck to all holders
It looks as if the share buy backs have halted for now, no RNS since 28th September.
Have you been keeping a record?
Counting the the number of cars advertised each week should be a good indication of where the sp is going. sp follows revenue. Dont have to be WB to work that one out
Its not a real bargain - it’s moving into a very competitive
car market. It’s had the market practically to itself for 20 years.
PE based on post Covid estimates is over 20
So in my book it’s expensive. Sub 550 in 4 weeks just maybe.
I believe payment day has no direct impact on price only Ex div day 26 Aug .
Divi small anyway !
Interesting reaction to the dividend payment today. Payment of 5p per share vs 24p drop in share price.
That should read, closed up following ex-dividend dates, i.e. the day after.
AUTO doesn't seem to have a very volatile response to the payment of dividends and on occasion has closed up on ex-dividend days. However the slow decline prior to the ex-dividend date imo indicates that no one is interested in the dividend and bears aren't interested in covering for it.
Can see this sub 600, after divvy payment tomorrow
Mmh has a low pe is cash rich and pays a dividend. I'm invested and up. Beat the crowd it's a bargain.
YOU COULD EVEN BE CAUTIOUS
BE CAUSIOUS
Every week Autotrader are advertising less used vehicles due to a national shortage.
This situation is not going to change in the foreseeable future.
Less cars advertised = less revenue = less profit!!!
Don't take my word for it. DYOR
yet another part of business that is moving increasingly online and AUTO is saying that it's good for them . I too needed a car in Feb and bought online via Autotrader and was pleased with the experience . AUTO is a hold for me
It's because it is effectively internet based.
You can always look at Motorpoint as an alternative or for both.
Sales of cars went through the roof when Stage 3 of lockdown eased. Managed to buy a new one myself and the sales staff member told me that they were breaking daily records with their sales. Bought it online and had it delivered to the door and sanitised on delivery. Just like ordering from Amazon.
Aviva by comparison is a reliable and good dividend payer and is sitting on a large cash surplus.
Both or all 3 have merits.
autotrader are valued at 5.5 billion and make 250 million profit. (22 P/E)
Aviva are valued at 16 billion and make 3 billion profit. (5.5 P/E).
Always amazes me why people value companies so vastly differently. This share is overvalued.
Milkman is 99% correct! FACT
If you want to research a company talk to the paying customer.
Motor dealers are almost certainly the major source of income for A/T.
Do dealers intend to spend more or less to advertise this year with A/T
I've done the research (including in the pub). No prizes for guessing the answer.
Ask yourself why ?
Return on investment maybe a good place to start