Laidback10 May 2009 18:32
I am optimistic for a few reasons about my PDG holding. Firstly the banking deal, the banks could have closed on PDG because of the covenants being broken on the last loans, they didnt and have backed them further with a 3yr,all be it expensive deal. The banks are hardly in a position to throw good money after bad are they? Secondly the finance director of PDG has bought £50k worth of shares at 19.4p, i doubt if anyone knows the position of PDG better than him? Finally the 1st quarter results will IMO show profit, due to the selling of the non performing dealers, staff reductions, very strong used car sales and performing aftercare depts.