Member Info for laidback

From The Sunday Times May 17, 2009 City predicts faster growth for Britain The fact that PDG is based almost entirely in the UK means that any uptick in the UJ economy will affect PDG more than INCH. Also, there has been no dilution in shares fro this company (unlike INCH) and they have made massive cost cuts. I can see that PDG could easily make 100m+ in a year or so, on sales topping 5 billion. So a market cap of less than 150 million make this a very undervalued company. Very very strong buy IMO

http://business.timesonline.co.uk/tol/business/economics/article6301690.ece

Rays of recovery - Chinese car sales at record levels in April 2009 Saturday, 16 May 2009 Reuters quoted the country's official industry association said bolstered by government stimulus measures that China's passenger car sales in April rose 37.4%YoY to a record high. But analysts say Chinese automakers are in no mood to celebrate as double-digit volume growth, mostly in compact models, have done little to boost company bottom lines. Data provided by Guotai Junan Securities showed that 19 out of 61 domestically listed automakers and parts suppliers posted losses from January to March compared with 10 in the same period last year. Several big auto groups, from SAIC Motor Corp to Chongqing Changan Automobile Co reported steep falls in their Q1 earnings despite brisk vehicle sales. Mr Chen Qiaoning an analysts with ABN AMRO TEDA Fund Management said "A lot of the volume was coming from compact cars and mini vans as buyers for such models could get tax incentives or subsidies. And small cars mean thin margins." Mr Chen was referring to Beijing's stimulus policies implemented earlier this year, including halving of purchase tax on small cars and subsidies to farmers who trade in their high-emission vans and trucks for fuel-efficient ones. Data from the China Association of Automobile Manufacturers showed that passenger car sales climbed to 831,000 units in April up from 604,900 units from a year earlier and 772,400 in March. Analysts said the financia

which is fine these still have an upward momentum imo

no, its going up!

This is moving up!!

very optimistic - reasons?

http://www.lse.co.uk/StockMarketNews.asp?ArticleCode=duvuo5wjkdibckk&ArticleHeadline=earnings_and_the_economy-executives_give_mixed_outlook

The first post was about the car scrappage scheme not going well - that was from the media. The second was about the economy not turning round any time soon. Again, newspaper report. Its public knowldge anyway. Why shouldnt potential investors be made aware of relevant news items? Unbelievable!

You seem biased towards this share. There is a possibility, remote perhaos, that PDG could go belly up if the economy doesnt turn around soon Its just an observation, why do you get so annoyed?

with the car scrappage scheme failing, debts and no sign of a turnaround in the economy, these are risky shares imo DYOR. GL

http://www.newsoftheworld.co.uk/news/299625/THE-Bank-of-England-will-this-week-SHATTER-Alistair-Darlingrsquos-predictions-of-a-quick-economic-recovery.html

you saying sell pdg, buy inch?

apologies, i said 18 months in my earlier headline

According to the Society of Motor Manufacturers and Traders, new vehicle registrations dropped by 24 per cent last month. The latest figures emerged within days of the future of Vauxhall's plants in Ellesmere Port and Luton being called into question as Fiat embarked on talks to buy General Motor's European operation. Related Articles US court clears way for Chrysler-Fiat deal If Fiat's Marchionne fails, it will be a heroic failure Scrappage isn't much use to anyone German scrappage scheme lifts new car sales jump 19pc Car production falls by more than half as Vauxhall speculation mounts Cars crisis that will need more than Alistair Darling's spark plugsThey also come as the industry prepares for the introduction of a scrappage scheme which would see motorists who surrender a car of at least 10-years old, getting a £2,000 subsidy towards a new model. The car industry believes this could boost sales this month, ending nearly a year of unremitting gloom which has seen jobs shed, production cut and shifts dropped at factories across the country. "'Today's car sales figures highlight the state of the new car market and the need for the introduction of the Vehicle Scrappage Scheme in the UK,' according to Sue Robinson, Director of the Retail Motor Industry National Franchised Dealers Association.

The article below states that the hope was the car scrappage scheme would help This does not look as if it will happen. So new car sales will continue to fall

I dont know hich world you live in, but in the real world, you have the following: British car industry suffers worst April sales for 18 yearsChristine Buckley, Industrial Editor New car sales in Britain fell last month to their lowest April level for 18 years and clocked up the eleventh consecutive monthly decline. Sales fell by 24 per cent in April compared with the same month last year, taking the decline for the year so far to 28.5 per cent, according to figures from the Society of Motor Manufacturers and Traders (SMMT). The fall was less than the organisation had feared. It had forecast a sales total of about 118,000, but 133,475 new vehicles were sold. This month carmakers will be hoping for an improvement in sales from the scrappage incentive scheme that is due to be introduced on May 18. The Government is offering owners of cars that are more than ten years old £1,000 to scrap them and buy new ones. Carmakers are being asked to match the government payment. Related Links Over-70s most at risk of being hit by cars Credit crunch forces van drivers off road Quiet roads lessen need for tolls The decline in new car sales hit all segments of the market except for small cars, with an increase in sales of 54 per cent in the mini segment. The Mini itself suffered a 47 per cent decline in sales last month, one of the biggest falls in the industry. Other brands that were hard hit included Bentley, which fell 61 per cent; Fiat, down 48 per cent;

the market was relying on the scrappage scheme for an uptick in sales with the scrappage scheme failing, there are no other signs of any improvemnet in new car sales - thats just a fact

I think that the car scrappage scheme was giving this and Inch a boost. Its unpopulairty should see retraces early next week. Weel done those who got out at 24p last week. This adds to uncertainty of recovery of car market.

Car scrappage scheme 'unpopular' By Brian Milligan Business reporter, BBC News The government's scrappage scheme starts later this month There is growing evidence that the government's forthcoming scheme to scrap hundreds of thousands of old cars is not that popular with motorists. A new survey suggests most people who have studied the scrappage scheme have decided not to take advantage of it. Researchers from car price guide Parker's questioned 600 people online. It found that 70% of respondents said the scheme was not generous enough, and overall 81% said they would not be taking advantage of it. 'Massively disappointed' The scrappage scheme starts on 18 May. If your car is at least 10 years old you can scrap it, in return for a substantial discount on a new car. The government will provide a £1,000 subsidy for each car purchased, and manufacturers will provide at least a similar amount. But Kieren Puffet, the editor of Parker's Guide, said many motorists have managed to find much larger discounts under existing deals. "They're massively disappointed," he said. "They were hoping for a lot more from the government." Julia Smith, who lives in Basingstoke in Hampshire, is one of those who initially thought the scheme would be useful, but has since decided against it. She was going to scrap her 13-year-old Volvo, and buy a new one instead. With the scrappage scheme discounts, a brand new Volvo w