Member Info for docholliday

Pendragon, the car dealer behind Evans Halshaw and Stratstone, reported a 14 per cent rise in used vehicle sales last year, helped by the expansion of its Quicks second-hand car "supermarket". Underlying profits rose 22 per cent to £30.8m http://www.i4u.com/2012/02/porsche-911/surge-second-hand-car-sales-boosts-pendragons-profits

guys some media worth a review: http://www.hl.co.uk/shares/share-tips-and-research/press-tips/wednesday-tips-round-up-morgan-sindall,-dragon-oil,-pendragon-... Profits rose by 22 per cent to £31million for Pendragon Wednesday February 22,2012 By Daily Express Reporter Have your say(0) AN internet-inspired transformation of the used car market helped to drive up sales at dealership group Pendragon, owner of the Evans Halshaw and Stratstone dealership. Evans Halshaw said it could offer the keenest prices to customers researching online because of its size and ability to move cars around the country to offer the best deal. It is also using social networking and mobile phone apps. As a result profits rose by 22 per cent to £31million, despite sluggish demand for new cars, which sent revenues down 3 per cent to £3.4billion.

I just flicked yesterdays daily mirror, I see pdg got a mention and good review

Its in the sales@ inbox let me no if you get! atb doc

actually no! morning HB

Operating cash inflow during the period was £97.6 million, which compares with £44.8 million in the prior year. The operating cash flow includes an outflow of working capital of £19.0 million versus an outflow of £59.6 million in the prior year. The Group continues to operate comfortably within the existing facility covenants The Group is also pleased to report a significant reduction in net borrowings The Group has significantly strengthened its financial position since the half year and the Rights Issue and refinancing has generated a reduced interest cost as a result of lower average debt and improved terms. The Group has delivered a second half underlying profit before tax of £13.1 million resulting in a full year underlying profit before tax position of £30.8 million, a 22% improvement on 2010. This has been achieved by interest savings and by the Group maintaining its position in difficult trading conditions through a combination of improved business performance, continued focus on costs and operating leverage as a result of significant increases in used volume.

??? some people are getting that way where any news is good news.....lol. buck up taters....

The Group has significantly strengthened its financial position http://www.investegate.co.uk/Article.aspx?id=201202210700117750X

Trevor Finn, Chief Executive, commented: "Pendragon made good progress in 2011 despite turbulent economic conditions, achieving underlying profit before tax of £30.8 million, an increase of 22 per cent over the prior year and over three times the underlying profit of 2009. The Group has benefited from strong focus on maximising returns and the success of its self-help initiatives within its three key business sectors: aftersales, used and new. Encouragingly, used car performance continues to be a high point for the group and will remain a key strategic area in 2012. Our internet presence with Evanshalshaw.com and Stratstone.com is an important differentiator for Pendragon in the market and has driven our strong aftersales, used and new performance. The year ahead is set to be challenging, but given our recapitalised balance sheet, healthy cash generation, clear strategic goals and robust operational management we expect to maintain our momentum into 2012."

You still on the doors email contact from the pyc days?

In the O&G industry for many years i had a spell in car sales! yes its a ruthless business and alot of controlled sale situations! but having said that i personally feel that individual approach is as important as the company sale projection/policy. Now we all no that times in sales of any nature have been tough over the last few years and i relish that I'm back on home soil in the chemical production sector. Having said that, PDG have news due HY, and from my experiences Sales and marketing can evolve and flex to its environment! a excellent investment buddy spoke to me about Pdg and having done some research my ears are pricked awaiting this.... GLA doc

Do you want me to teach you how to spot a trade squire????? grow up....... I'll forget that stupid remark!

must be catching .....750k trade a sell earlier

no auction

I'll wait, been following for a while , Minted thanks for the link Cinders you in>? fancy it from the off?

Based on the level of indicative offers received, it is most unlikely that any value will be attributable to the ordinary shares.

wasn't auction! This is a traders share at the minute and on small amounts of news P.Is will be growing the holding of shares on run upto 2012 campaign!

frr i believe have taken steps to rectify there financial situation, worth double checking! not in and never have been although had a chat on the phone a few days ago and believe there has been a few changes

this is a blood bath! think i'l suck a few up off the bottom! although that is not so clear right now! GL guys and hope any losses are recovered quickly atb doc

The investment opportunity will come when the rile of imploding dust settles! i'm intrigued as to its level... who said gold was the safe option? (wink)