Member Info for EyeGuy

gone through at the close. Should be up tomorrow if these trades are accurate. Good to see a flat finish after midday drop

Could lower sales of 13 reg, but dvla are offering people to stick with 62 reg instead. Don't think this is why sales increased though. IMO people cannot hold off buying a new car forever- false economy. At some point new car sales have to rise. Ask yourself this. If you spend 300 quid a month on fuel in your 5 year old car, and you can lease a new car at 150 quid a month which is getting nearly double MPG, includes road tax and full warranty what would you do?

Mm codes again???

The sudden increase is a bit strange. The day before, we were getting small sell trades for peanuts, which I presumed would mean fireworks the next day, and so it proved. There still seems to be support at the 17+mark so maybe it could go a little higher still. This share does offer more potential upside in the long rum IMO to the others, but carries more risk with their debt pile. Next year should be interesting though. If next year it outperforms market expectations, with subject of DIVIDENDS returning, could be interesting.

Can you make sense of the last 30 or so sell trades? Sell volumes are too low to make the trades worth anything. Coded message between traders??

I do believe this company is "largely Internet proof" but I could have explained myself better, I blame my busy Friday. My point being the service element to this company. Compared to say selling CDs, buying video games which you can either download or buy like for like products from faceless Internet companies, this company is a different kettle of fish. The Internet, website, apps is where this business will be driven forward for new and used car sales. Anyone with access to a computer will be aware of websites such as autotrader and be price aware. I suspect a high % of customers will find their car online before viewing. This will increase as computer use is even more widespread. However, I certainly believe that most customers to say stratstone will be well aware that they could probably get a like for like car for cheaper- either privately, eBay, car supermarket but people are and will be willing to pay more for service and peace of mind. Auto quake tried the online "sold as seen online" and it didn't work out. People dont want to pay 15 grand on a car without test drives, viewing etc. The servicing and after sales will still be preferred at main dealers due to the peace of mind of that dealer stamp, resale values etc. So summing up, I believe that providing management get the online part of the business right, consumers will still be using main dealer facilities in years to come. The slight concern maybe tighter profit margins with people being more price aware, Internet brokers taking a cut etc. Still very confident on this share. Enjoy the wkend

The JJB thing well and truly over. Got stuck in and traded heavily over a week, bought low and sold high, but to me it was only a matter of time before the shares were suspended. Pendragon though, yes, I remember the days of 2p. How we have moved on. Really think this is only going one way.- up. I've looked at the debts and one would presume that as the debts reduce, the existing debt will be negotiated on better terms taking into account the risk, Therefore the rate of increase of debt reduction should increase year on year. I just think this business is largely "internet proof", unlike JJB,GAME,HMV. Consumers even in 20 years will still go to the dealership for purchase, aftersales etc. As I've said before, the big players in business ie Tesco have tried online car sales- didn't work out. Also, when the economy improves, expect a big year form this company. Sneaky suspicion that would be car owners have their 15 grand stuck in an ISA, just in case. Expect then more new and used car sales when current climate improves. I think also that car brands sell themselves, and there are exciting new models out soon with amazing fuel efficiency and next generation electric cars etc. I think Pendragon will have to really mess this up at the top for this share to drop, If I was a betting man, I reckon we will again see a £1 share price- but will take a while. Watch this space!!!!

Now the JJB thing is over. Good rise today again. Good long term bet this.

Cheers. JJB my more risky choice. Pendragon is my more long term bet in my portfolio. Just got a feeling about this one a few years down the line. Unless management mess this up I am confident about steady year on year increase

Thanks for that. I bought at 0.31 today- and only staked half of what I made on other shares today. Good call to get out early. Should be an interesting few days!

Let's hope the new reg sales are up again and driving this forward. Still long waits for the evoque I see.

U following JJB? If so what's ur take on it? Soz guys for being off topic. Cheers

No expert myself but have held these for a while and sit on a tidy profit of 300 perc over 5 years across my portfolio. Think historically these shares fall a bit after RNS. Probably the market expects them to do better and the realisation sets in that they have massive debts that are going to take a while to pay back, hence the sell off. My gut says it is better as medium to long term bet. Maybe ask MATHS PROF as he/she seems clued up on the share. Cheers. Good luck

Rexco-mean sell, not strong sell

Just wondering why you have gone from strong buy to strong sell in a matter of days when Greece problems haven't really changed? cheers

Definitely encouraging that these new prestige models are doing well. After sales should be good over next few years as thes me cars will inevitably get services at main dealers. Probably encouraging that the main big players in purely online car sales-namely auto quake and tesco cars have gone bust. It just shows that selling cars isn't the same as selling CDs and video games. Whilst it is v important that pendragon get hits on their website, people will always prefer to see and drive a car before purchase and I cannot see that ever changing.

Maybe 20p is a little optimistic, but I just can't see how Pendragon can have anything but a good year. I was at the launch of the the Boxster and it seems that there is already a healthy order book for what can amount to a 65k car with options, so I hope the Pendragon car dealerships are getting the customers to spec these up. After all that is where most of the profit is made on a new car. Suppose it will come down to the state of the EU. I just have a feeling that there are people waiting to see what happens before splashing out on a new car. Holding 100000 of these bad boys so if they get to maybe 25 ish by Christmas, i may pop down to stratstones and treat myself.

Agree with the evoque comment. 8 month wait for one at my dealership. Loving the fact we are back to waiting lists on prestige models and pendragon aren't just giving their cars away. Reckon this share could be hitting 20 soon!!

Erm, positive reaction to all MY comments you mean. LOL

I'm holding on like you too, rexco. I'm certainly not as up as the others on this board with regard to p/e ratios and eps. In fact I don't bother looking at these too hard. I go on gut instinct with regard to where I see people spending money in the next few years. Look at the up coming range of renaults that Evans- halshaw will be selling later this year. The electric powered vehicles are going to be saving people a fortune, especially as fuel prices are on the up. People like myself will be tempted to change their vehicles to more economical alternatives. At first, electric cars are going to be pricey with little range, so only with limited appeal. This will change though and as technogy becomes cheaper, electric and maybe hydrogen power will be cheaper. This is where the likes of pendragon will benefit. Offering customers well priced lease deals on electric, hybrid, or economical petrol variants. Why keep an old banger when u could have a new car and be no worse off.