wazza/ hillbilly21 May 2009 14:35
i think its a good day for pendragon - its fallen back, but only in line with the rest of the market. if it finishes above 22p, then we can be pleased with that
this is an excellent recovery play imo - cars are a depreciating asset, and any downturn one year for car sales does mean pent up demand builds up and it wont be long before there is a large uptick in demand for new cars. the refianancing deal to 2012 will ensures that this company will see much happier times in the near future
GL