Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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The American CEO has moved to London. If he can rebrand the (bigger than you think) Carstore ecommerce division and flip it quickly for several billion quid to US bankers, like Cazoo, then happy days.
Agree.. but his only motive is build to sell...and with the existing senior management in place which has been in place for decades under Finn... they lack vision and simply carry on doing what they have been doing for years ....the CEO needs to be there on a daily basis to implement change he cannot do it from the US where he is based
When is out Q1 trading statement being released? Does anyone know when it is as nothing on their website?
What's good about PDG is that the new CEO is American. He "gets" tech and the unstoppable shift online. He's not your UK Arthur Daley type, obsessed with dividends and car superstores from the last century.
Interesting view. Maybe. It’s definitely worth floating their website arm via separate IPO well ahead of Carzoo’s and invest some cash in marketing. They already have most of the distribution. The last berenbank note suggested significant upside on sp on old business model so I reckon there’s huge upside here
PDG is no longer a car retailer. PDG is a tech firm. Click, collect, deliver, go.
The Amazon of cars.
Exactly - can’t believe the stock market hasn’t woken up to this yet...although difficult to believe Cazoo’s valuation. Even if Cazoo was worth half the touted valuation PDG would be a 50 bagger.
When car sales pick up in April and May after showrooms reopen, this will take off
With the whole UK car market now jumping back to recovery, after Covid, PDG is in a prime spot for growth in H2 2021 and 2022.
Above all, PDG's *online ecommerce division* looks way, way undervalued here... PDG online is currently *5 times bigger than Cazoo*, which is soon to float for $7 billion in NY... Applying the same Cazoo valuation to PDG gets you to $30-40 billion marcap, compared with its current price at $0.4 billion in Apr 2021...
To put it another way... PDG can be a 100-bagger... a millionaire-maker.
https://www.google.com/amp/s/www.standard.co.uk/business/pendragon-online-used-car-sales-cazoo-ipo-flotation-b926777.html%3famp
Just posted over at Lookers
https://www.thetimes.co.uk/article/new-car-sales-jump-as-trade-motors-past-the-pandemic-znl3fs7jj?shareToken=8fbab89cb9d7410196c1509fe3d3a5dd
With all this cash waiting to be spent in the uk....and rumours about PDG, this is undervalued and could quadruple in value according to some analysts
https://www.google.co.uk/amp/s/www.standard.co.uk/business/pendragon-online-used-car-sales-cazoo-ipo-flotation-b926777.html%3famp
got a decent mention in the Evening Standard this week. every little helps!
Not reflected in the share price after the results...making thousands redundant helps the cost base but not the cause...Urgent need of a new Management team under the CEO
Should be good ?
There is a lovely big gap in the chart 18.5 to about 23p so if we get some volume with results could be interesting...
Publics obsession with cars is amazing. Kicking myself for failure to treble my investment below 10p. double present price seems the limit for me in the medium term.
When car sales pick up as we come out of lockdown, public have £150bn in savings to spend. Cars will be a beneficiary. This company and lookers were takeover targets last year so expect this to be a massive opportunity. We are worth 3-5 times current share price, one of the best chances of a multi bagger with lookers
Former Pendragon CEO Trevor Finn joins Hedin Group as firm buys Ford of Sweden and becomes a ‘superdealer’
look who also own the largest amount of shares in Pendragon take over looming is TF coming back to get his company back ?
Anders Hedin Invest AB 189,188,563 13.5%
This SP will not move until the New CEO realises the senior leadership which has been in place for many years needs to be changed, the company is desperate for new ideas, a new culture and needs to end its brutal management style in order to survive and attract new talent....either that or hope for a takeover imho
Sorry folks. It must be my fault SP is dropping.
With my usual impeccible timing ... down 15% within 3 days of buying.
Oh well, just have to leave alone for now and see if we get chance to top up at a better level.
Nothing to panic about - yet !
Cheers - CSDI
Hi All,
I have been tempted back in to buy today. I have put a small trade on, worth 4% of SIPP p/f. I bought this morning at 13.57p and already seen it slip to 13.02p in typical CSDI (Crap Share Dealing Ideas) fashion. PDG has been my favourite trading share over many years after a 2008 purhcase at about 32p fell into big trouble. I got lucky in the share dealing casino and picked up £100 worth at 1.75p on 22/12/2008 (all the cash I had available in an old SIPP account) and danced with joy as I sold 25% each at 9p, 13p, 22p and 38p during Q2 2009.
Since then I have had several successful trades buying in the low 20s and selling in the mid 20s, target 10% profit each trade.
This time my TP is a modest 16p, but this would be well over my normal 10% target if successful.
I have just noticed a Broker upgrade yesterday from hold to Buy and a target of 25p. But that means about as much as ???? in a XXX. Not enough salt in the world to cover Brokers Recommendations LOL.
Cheers - CSDI
New CEO of Pendragon "‘We never really had a used car strategy before other than we wanted to sell a lot of used cars,’ he said.
‘That’s not a strategy – that’s wishful thinking.
‘If you really want to be transformative and cut a change in a market or disrupt it you need a well laid out plan – and I think we’ve got that.
‘When we go to market we’ll be out there talking about how we’re different to everyone else. Not let’s go put 20 cars into an ex-Vauxhall store that got shut down two years ago and has the cost structure that is supported by a new car franchise.
‘That doesn’t make sense. That’s not a strategy.’
Translates as, our strategy is to do what we should have been doing all along. If this gets to 5p its worth punt, otherwise nada....
Have to admit it is of a concern that the leading directors here appear seemingly reluctant, that CEO and Chairmans hats are occupied by the same man an that many of the others are non-execs. This isn't a small company with 119 EH and 59 Strathstones around the country. I don't know what to think at the moment.
Motivated,creative,focused and experienced leadership who value and support their colleagues funnily enough produces positive and incredible results....Verrtu Motors has delivered an adjusted profit before tax of £7.4 million in July after post-lockdown trading has been “significantly stronger than envisaged lessons should be learned at the Dragon....imho
Mark Herbert Resigned....Chris Chambers is no longer with the company also resigned... as you know new Non Execs have to demonstrate belief on buying in which explains the other buys.....I am talking about the CEO,COO and other ex executive directors...no buy in as I see?