The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
And someone is sniffing at Lookers as well, both going to go sometime soon IMO.
WELL HERES WHAT WEVE BEEN WAITING FOR! THE MAJOR BREAKTHROUGH!
Pendragon will re-launch its CarStore division with a new hybrid sales model designed to remove the “restrictive” process of traditional retail and new online rivals,
They propose to add 10 new standalone CarStore locations to offer customers access to a choice of 15,000 to 20,000 vehicles in any way they choose.
The mix of physical and digital sales processes would provide “greater choice and flexibility” than market newcomers Cazoo, cinch and Carzam. ALL DEALER GROUPS ARE DOING THIS…WHATS NEW?
“Right now customers can largely buy a used car the traditional way or the digital way. We will give customers the choice of transacting however they like,” ALL DEALER GROUPS ARE DOING THIS…WHATS NEW?
Pendragon will offer “haggle-free” fixed used car pricing, a 14-day/250-mile money-back guarantee and a 90-day warranty on all its used cars. ALL DEALER GROUPS ARE DOING THIS…WHATS NEW?
.WHATS NEW? This is the Sytner Model
The majority of CarStore sites will feature an on-site vehicle preparation centre, rather than through the “preparation factories” envisioned by Pendragon founder and former CEO Trevor Finn, with nearby franchised sites handling stock where that is not the case.
He told AM that Pendragon had previously done a “disservice” to the CarStore brand – primarily through poor stock acquisition and management – but said that the new CarStore era would see data-led decisions accompany a customer-centric philosophy to drive its success.
In setting out a strategy for the relaunch of its used car division, Pendragon completed a survey of 1,463 UK car buyers. WOW huge survey…NOT
In response to this, Pendragon has Personal Advisors which are available online, over the phone and in dealerships to guide customers through their options and the subsequent buying, selling or purchasing process. ALL DEALERS ARE DOING THIS BMW Product Geniuses as an example
This not a new proposition it’s something they tried before with the same name and it lost millions, IMHO
"Output in consumer-facing services grew by 0.3% on the month mainly because of an 8.1% increase in the wholesale and retail trade and repair of motor vehicles and motorcycles sector, while all other services rose by 0.4%."
(Main points section- paragraph 3)
https://production.onsdigital.co.uk/economy/grossdomesticproductgdp/bulletins/gdpmonthlyestimateuk/october2021
(Full release)
Bound to be a few dips in the next few days, but overall things are bright, ideal to be taken over, great earning potential.
Do hope i am going to be proved wrong, see my previous message.
From todays RNS: We now expect Group underlying profit before tax for FY21 to be approximately £80.0m. Todays market cap £279m gives a P/E ratio of a ridiculous 3.5
About time some good news, better profit forecast, and share price upgrades from 2 dealers, all good news.
Well all that hopeful optimism did not last long.
Market Report this morning.......
Elsewhere in London, Marshall Motor shares jumped 46% to 400p after Constellation Automotive Holdings made a takeover offer at that price.
This followed Marshall Motor late Friday confirming that Marshall of Cambridge Holdings, which holds a 64% interest in Marshall Motor, is considering a possible sale of its entire stake in the company.
Plenty of larger trades, most likely some are rollovers, but the share price has changed direction from the last few days moving lower, So up we go today
I see Hedin have changed their trading name, to reflect one of the largest privately owned car dealers in Europe, on the hunt for Pendragon I wonder?
Used car prices increase for 80th week running and cost 27% more than a year ago
with Land Rover Defenders DOUBLING in price
Average used car is now being advertised for £19,776, up from £15,033 last year
Unprecedented demand has resulted in fewer second-hand cars for sale
New car supply issues means appetite for used cars is still not wavering
Pre-owned Land Rover Defender 90s are being advertised for 104% more than they were this time last year, says Auto Trader .......
https://www.dailymail.co.uk/money/cars/article-10218061/Used-car-prices-increase-80th-consecutive-week.html
SP suggests lots of "profit taking" on Friday. Many clearly do not believe there is any take-over interest happening.
So now we have a Dutch Fund popping up with 3.12%, and combined with Hedin that is now 29.34% if they are somehow related.
Onwards and upwards I hope.
Yes, at last some movement compared to the 18.05 sell that was around this morning.
Onwards and upwards I hope towards a more respectable 30p - 40p!!
Yes, about time it started to move upwards, something in the air maybe?
BID ha has gone over 20p, things look much better as the day goes on
Slowly but surely is moving ahead
spread 19.35 v 19.95p
best for some time
A bit earlier ...
Someone has placed BUY orders of 25K on the order book and so far has been satisfied, the result is the price has reached 19.25 v 19.45p, the highest for some time, but still early days.
With results that are going to be beaten and a potential bid in the wings I don't see much downside on this right now, so I am going in again on Monday if it is flat on opening, although I am using CFD's for this with IG and they don't seem to be laying these off in the market so maybe they have different ideas.
As expected Hedin Group AB was the buyer of the 15M shares yesterday and moving to 26.2%
Resulting situation on the date on which threshold was crossed
26.2085% ( 25.0871% )
Well someone bought that 15m Odey sale, and maybe Odey will have to sell some more as they have a 4% short on Metro Bank which they will need to cover.
Anyway I just bought another 100k CFD's for good measure.
Higher prices are being paid for buys 19.30p
and
The Bank of England has left UK interest rates unchanged.
We may find out if Hedin have increased their holding further but perhaps should be asking why Odey are selling. Do they know that Hedin just intended to sit on a holding of 1 share below 30% as a blocker on anyone else taking control of Pendragon??
Is cleared the 19.10p offer.
It seems there were only 12K at the offer price but there were 3 buys totalling 156K below the offer price.