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PDG to risky? This isn't Carillion or some AIM dog drilling in Bongo land hoping to find something. At these prices it's totally de-risked.
Maybe if they are making 150m a year and paying a 7% divi. If not their true nav is next to nothing. I've invested in the past but there are safer option with assets. Too risky
My valuation would be just over �615m or 40p. What's a balance sheet? :-)
458/bonus take a look at their balance sheet and remove goodwill from their nav. After that work out what their worth.
Group 1 is a big US dealer group, they've branch out over here in the last five years and have several prestige sites, Audi, BMW etc. I can't see a takeover happening though and this BB is usually quiet.
Well never heard of Group 1 Automotive before. So hoping someone makes a move as this price is laughable. There must be only us two posting on this share ?
I can't see a takeover happening unless US dealer group, Group 1 Automotive want to significantly increase their interests in the the UK.
Totally agree that PDG is cheap as chips at present compared to Lookers and others. Hopefully a takeover !!!
MOTR went up 100% in six months, don't believe that old yarn no ones buying used cars.
PDG business is far more than just selling used cars. Absolute bargain, buy on weakness.
Over 3 millions shares sold and the shares go up nearly 3% on the news that no one is buying new cars!! What is going on ?????????????????????????????/
I see Pendragon aren't the largest dealership group having been overtook by Synter ! look's like TF is selling the family silver to try to keep other dealership groups at bay
Big sell off. Got to question their accounts procedures after an assistance accountant was aloud to steal 2.4m over 2 years. Stock checks and internal transfers need looking at.
Having worked for PDG and after various meetings with MC and TF they do RUN the company and that is the issue the sites look old and dated the Manufacturers require more corporate identity and want it refreshing and changing every couple of years the above dont like the tail wagging the dog so the long term model looks like doing the bare minimum to keep the service and warranty work going and prepping used cars for the sites to sell as new sales are in freefall hence more used car supermarket type sites keep opening for the Dragon
Well Also saw this article in the Daily Mail and thought Pendragon must be selling off the family silver or what!! The US operation is only small part in the Pendragon operation. Think it was a more of a tax dodge myself. Well Mr Finn needs to sort this company out and promote the decent people who work for him rather then flying the management All stars in to rescue his company.
https://www.investegate.co.uk/pendragon-plc--pdg-/rns/strategy-update/201712040700042199Y/
Its their balance sheet that's worrying. Take the goodwill out and their NAV is zero. I'm sure the sp will recover but too much risk for me. Lookers ad vertu look a more safe bet. Bwtfdik
Well looking at the current vehicles sales its a risk, but some say that's the best time to buy why the market is flat lining!! Still think Mr Finn has been at the helm for far to long and this company needs a reboot
It's a bit of a gamble though don't you think.
May be worth a few quid, as who knows if it carries on at this low ebb someone with hopefully take over this dinosaur and may it the company it should be !! Here hoping
I'll look into that one, Stalin, thanks mate.
Trent have a look at vtu if your looking at motor trade stocks. Of course other companies are available.
I've read enough to make a choice. Think I will be looking elsewhere to invest my money.
The dealership manager was not promoted to MD. I was an RD at the time and remember it well. We all had to do diversity training.
Well racism has no place in todays workplace and people who dole it out should be moved on no matter who they are. No person is bigger than the company! Someone shake the tree and grab a bargain that is Pendragon PLEASE !!!