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Should we take the 27p or wait for 29p or will there be a slightly improved offer which would get board backing? Last year on 7 October there was a trading update - nothing this year. If the board are going to defend against the bid then a positive update perhaps with the prospect of a dividend or share buyback or both would help.
i wish the pdg board would tell us shareholders what the hell is going on, keep us all informed, but there too many secrets!
Hedin must have a back up plan to offer say 32p ish to gain control if the current deal is rejected. what do you think.
They have until close of business Monday 24 October - unless extended. Disappointed how quiet everything is.
thanks
I believe Hedin have until the end of next week to either confirm the takeover, or walk away, they have offered their shares to anyone at 35p a share, hoping to make a huge profit if they sell, end of next week for news.
does anyone have a clue what is going on with pdg and the supposed takeover?. its all gone quite and the share price is going sideways, better than going down i suppose like most other stocks are due to the worlds & uk,s crappy endless situations, is it time to sell or hold or ???? thx
Its all getting a bit boring though, time for a deal so we can move on.
It seems that there is a big game being played here, a little while back most of the other big shareholders wanted to go with a 28p 0ffer but Hedin didn't and stopped the takeover. now Heding has offered 29p expecting to get the nod but now the other big shareholders are saying no to stop heding getting control.
Iether Heding will offer 32p ish to clinch it or I guess they will just sit back again and block any other offer they don't agree with. Med / long term this will go to someone and could be asset stripped.
Am I correct saying Hedin have added a bit more of Pendragon to their holding?
Short position taken, target 18p.
To PDG "Shareholders", There must be some secret stuff going on behind the scenes that we don't know about, good or bad!, who-knows! Because, PDG,s PINEWOOD business alone is supposedly worth what PDG, s share price is now, ie:27p/SHARE.
PDG share price as of 5th oct 22 should be 45p/share - plus!. ALL THEIR NEWS & SECTOR NEWS, IS VERY GOOD, BUT PDG SHARE PRICE IS FAR TOO LOW!..
Whoever buys PDG, (if anyone!) could sell Pinewood off and make HUGE profits from day 1,
Simply by selling that part off,
Nothing here makes any sense!
Hence >omg >:?!@(arrrgghhhh 0HH ****, wtf!!.bugger me Sideways, jeees (Pulling my hair out now) - total F-in confusion! PDG is worth far more than the very low 27p share price, The share price is far Too low and with a PE/of just 6.4!
Maybe it's because PDG don't pay any dividend, (WHICH THEY SHOULD BE DOING BY NOW) like other car companies do, and have done for a while now. BUT PDG DONT..& WHY NOT?
PDG Have even sold off LARGE, VALUABLE, parts of their entire business,
But shareholders got nothing,
but PDG BOSSES GOT BIG BONUSSES, WHY, is this?
Shareholders got nothing in return for their Years of loyalty, Things need to change,
MY MESSAGE TO PDG,
1= GET YOUR ACT TOGETHER & GIVE US SHAREHOLDERS OUR OVERDUE DIIDENDS, OR SELL THIS BUSINESS TO HEDIN
I
Just thinking, if Hedin are going to pull out, and want 35p a share, and with the collapse of the £ against the $, does anyone thing the American buyer might come back? Just wondering.
so does hedin,s offer 29p still stand, or are they thinking of quitting,
if they quit and sell all their shares, pdg might plummet again?
it's too complicated, just like life is now lol
No love lost between Hedin and PDG. The comments that PDG made about Hedin not being interested in Pinewood seem to have set off a ‘dispute’. Isn’t Pinewood also being sued by a Japanese dealer for not delivering necessary software?
It’s all a bit of a pickle to me.
Hedin have been critical of PDG fat cat salaries and bonuses. I’d imagine they’d have no role for the CEO.
I think Hedin, who built up their shareholding I’d think at high prices in the past, even though they have tabled a 28p offer are saying….we’re being dicked around by PDG, Lithia Motors (offered 29p) if you want our shareholding 35p is what you need to go to.
Thx for replying,
So, Hedin wants to buy for 29p?.
and sell for 35p,
it doesn't make sense,
or is it me !!
**I want to sell my 366,000 PDG for 35p too
I interpret the latest Hedin statement as they are willing to sell their shareholding at 35p. Should any other company decide to make a bid.
Funny way to engage?
PLS HELP,
WHAT DOES THIS LATEST STATEMENT BELOW FROM HEDIN ACTUALLY MEAN, ANYBODY::@@??
Statement Regarding Pendragon PLC ("Pendragon")
Hedin Mobility Group AB (publ) ("Hedin Mobility") notes the announcement by the Board of Pendragon on 27 September 2022 that it is conducting a review of potential strategic options for Pendragon. Hedin Mobility was surprised by the announcement which seems to contradict the long-term view of the Pendragon Board that Pinewood continues to be a fundamental aspect of Pendragon's strategy, which was reiterated to Hedin Mobility by Pendragon as recently as 25 September 2022.
In light of this radical change of direction from the Pendragon Board, Hedin Mobility is considering its position in relation to its current shareholding, and refers to its own announcement entitled Statement Regarding Pendragon released on 26 September 2022 (the "Statement"). The Statement included the sentence "Hedin Mobility believes in the long term potential of Pendragon and will not consider or accept any other offers for its current shareholding in Pendragon." Hedin Mobility reserves the right to set this sentence aside in the event that a third party announces a firm offer for Pendragon at a price not less than 35 pence per Pendragon share.
Could some person clarify what all the 8.3 forms are about, I am correct that big players buying up shares?
It is a sure sign of the ongoing collapse in the London stockmarket. Europe's 9th largest dealer (PDG) is about to be swallowed by a tiny Swedish dealer half its size. And at a tiny 7 x PE valuation. Quite incredible, really.
Could the previous unsuccessful bidder come back in. If they were the US car dealership as press speculated then the current downturn in the pound makes PDG price lower for them. Just because Hedin did not join the other major shareholders to agree that bid can’t the previous bidders takeover with all other major shareholders and the board agreeing? I have put a sell order in at 28p which will probably get rejected.
Hedin already have about 27% with the collapse of the £ UK assets are getting cheap! If the board asks for 32p it’s a deal.
So Hedin have made that 29p offer after most of the other shareholders wanted to go with the 29p offer made about 1-2 months ago but Hedin rejected it.
Could this be the one, I guess the SP will go to 29p ish today.
https://www.law360.com/articles/1520157/software-reseller-sues-developer-over-delayed-japan-launch