Member Info for david1960

Does anyone know :

How do BP shareholders benefit from the company share buybacks?.

The way I see it is:

Its meant to dilute the total shares in circulation, this should make each share a bit more valuable,

That's assuming the buybacks shares are cancelled and not held in trust.

BUT, it seems to be having the opposite effect because the shares keep going down,

When will they go up, Its about time they went back to 500p plus, in my opinion.

I need 466p to break even, its very stressful times were now in,

I need 466p to break even, its very stressful times were now in,

There must be profit taking each day because each day they ALWAYS go down after 2pm London time, ime not even close to a profit, so don't blame me lol,

So, The BP share price will go from circa 3.87p to a whopping 55.00p, lol

i read it but still not a millionaire, quite the opp in fact, like losing 20k gbp on BP alone,

Ime losing 22k now , its depressing, bought at 466p thinking its cheap, what a joke, the only slight consilation is the taxable div, happy xmas all

Its about time JDW share price went up now, SERIOUSLY!!.

Why do they keep going down anyway,

their lower than the Brexit low,

lower than the Covid low, WHY!!!!

We want Proifits,

WHAT DO WE WANT( )( )( )( )( )( )( )( )( )

Sell all PDG now, We all know for the last 30 yrs or so, PDG have a habit of crashing when u least expect it,

Stop living on dreams and hopes. Stick with the here and now, the reality.

Then if still interested, Buy pinewood when it floats.

Bag any PDG profits now b4 too late,

PDG is starting to slide again now and SADLEY its only a 1 horse race now. (Lithia)...

TYPICAL of PDG to disappoint shareholders, IF ITS TOO STRESSFUL, Sell Now.

I sold 50% of mine 2m ago at 33.5p, My ave cost was 17.2p,

But soon after that when Hedin pulled out, I totally chickened out and sold ALL my shares, I hold zero PDG now.

Hedin pulling out made me worried that another one will pull out, and they have done !,

So, i bagged my profits and run so to speak, keeping my eye on the sp tho.

Does make me wonder if these companies are playing the markets tho!!

Their huge debt is keeping the sp down. but still paying good divs

Ime now wondering if the AutoNation,s bid of 32p (same 32p as Hedin) is a way to get Hedin to up his offer, Maybe!

PDG wont rise until i sell my shares, That's what the markets waiting for, It certainly seems that way most times - lol.

Ime undecided, but very tempted to sell, I bought mine at 27p then bought lots more at 9p when they crashed.

19.5p is my average cost.

Apparently AutoNation has now put an offer in for PDG, but only for 32p, same as Hedin's offer,

I really don't understand whats going on or what the outcome will be, but i also remember last time a few months ago, I was absolutely gutted to say the least for not selling at 29p, luckily were here again. wheres that crystal ball !!!

26 September 2023

Pendragon PLC ("Pendragon" or the "Company")

Receipt of proposal from AutoNation

From ADVFN website.

The Board of Directors of Pendragon (the "Board") confirms that it has received an unsolicited proposal from AutoNation, Inc. ("AutoNation") to acquire the entire issued and to be issued share capital of Pendragon for 32 pence per share, in cash (the "AutoNation Proposal"). The AutoNation Proposal remains subject to a number of pre-conditions, including the completion of due diligence.

The Board will consider the AutoNation Proposal and will consult with its shareholders and provide an update in due course. deadline date 24th oct....

I don't really like the idea of the 16.7p per share offer, plus keep the unknown value of pinewood, because it is paid as a dividend, and they can be taxed, so could be a big prob, don't really understand so i would rather sell outright soon i think. Just like last time tho, ime hanging on for another penny or 2 lol.

Now Hedin comes back with 32p offer, share price is now 30.20p ish, give or take.

WOW - what a roller coaster, Think they have until mid oct (18th ! - ?) to accept this offer or decline it, As far as i know this offer is for the whole package inc Pinewood. Maybe this is a better deal for us s holders.

I notice Jefferies / Barclays and probably other large companies are shorting PDG bigtime,

does this mean they expect the share price to fall again?. or what?.

is this a signal to sell now? or?.

BIG QUESTION,

should we mere mortal share holders buy sell or hold PDG now, my shares cost 19.7p on average, during the last take over talks that failed they plummeted from 29p to 14p approx, i could have gained 20k but i didn't sell, i was expecting share price to increase more, maybe 30-35p, (greed). but they fell as per usual.

so should we sell now at 27p ish, or hang on and want more, if the deal goes through the way i see it is we get 16.7p plus own part of PINEWOOD, prob is we dont have any idea how much we would own either in shares or ££££,s......

so, should we sell now or what? any thoughts /advice/ regards : prospects/gambles or factual etc appreciated,

How does The CEO Berman plus other managers, benefit from selling

If the Lithia deal happens & we get our 16.7p per share, Why is it called a dividend if were selling our shares to Lithia?.

i assume we would own nothing but Pinewood shares with an unknown value!,

Also, Pinewood still has the court case pending which if lost could make Pinewood worthless, That's the way i see things,

Does anyone know if this is a good deal for us PDG shareholders or not ?, and why?

What exactly would we get?

Apparently, Hedin is unable to block this deal due to only a 51% vote in favour needed. Does that mean Hedin will come back with a new PDG offer, Hedin only wanted the same as this Lithia deal, i.e. The forecourts, car sales and leases, Basically everything but Pinewood, So why was this not offered to Hedin previously?

Also this £280M Deal would be for all 160 of Pendragons forecourts,

But, Did Pendragon not recently pay £300M for only 50 forecourts, bought from Jardine?.

So why now are 160 forecourts only worth £280M ? That's a titanic loss in forecourt values suddenly!, why:?.

Does anyone know exactly what share holders would get from this deal,

The way i see it is, Were selling our shares for 16.7p and will keep a stake in the pinewood Saas business, which may or may not be worth much.

But how much do we keep, and the value?. Would we get any Lithia shares

pls advise anyone!

its too complicated, to much unknown to decide if its good for us or not. To be honest ime a bit fed up with gambling with PDG, i always loose out in the end.

THINK PINEWOOD HAS BEEN VALUED AROUND 10.3P

Some Points of interest, for entertainment purposes only.

Figures stated below are approx, but hope you get my points!...

According to Google Finance:

1- Lithia Motors share p INCREASED 250% in last 5 yrs. Even with all the doom/gloom.! They also give dividends !..

2- PDG share p has gone DOWN 10% in last 5 years. No dividends.

BUT GET THIS,

3- LITHIA MOTORS share p INCREASED a whopping 2331% since Dec 1996 to date. That's 23 times up.

4- PDG share p has increased a massive (being sarcastic) 9.8% since Dec 1996 to date. Why so Low !?.

Why has PDG done so rubbish, PDG share p should be 50p-100p by now surely. Not a measly 18p to 23p,

That's Chicken Feed.

I suppose the crunch line/the unknown for us mere mortals is,

How much will Pinewood be worth if the deal went ahead ?,

Ime assuming that's all we would own, plus our 16.7p / share if we don't get to own any Lithia shares as part of this deal.

if Pinewood is only worth pennies, then were not really gaining anything, but if its worth 20-25p plus, then were quids in.

Too many questions and not many answers so far.

Hi, As always with PDG, share holders are kept in the dark, Only the managers know whats really going on and when etc, I've held PDG for many yrs now and been stung totally unexpectedly a lot, Back in the days when we got dividends from Pendragon (remember them?) it was ok, But no divs for many years, and for 30 yrs now the share price has mainly only gone sideways and that is ridiculous for that amount of time. The share price was around 17p back in 1993!. I was in my early 30,s then. Its crazy for the share price to be the same as that now, up until today that is. I've been stung several times with PDG shares going up, only to quickly drop right back, Hope this time something positive happens. The share holders need to know exactly and in simple terms what were dealing with. But as usual we get to know nowt until its too late, If this deal goes through, would existing share holders own shares in PDG or Lithia motors or both ? & What would the new market cap of the remaining part of PDG be ?. What would PDG,s new share price be?, Anyone got a crystal ball going cheap, i think i really need one this time around, hahah, good luck to all share holders in pdg