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Sorry that should say bid not bit.
Having suffered this share for many years, I am reluctantly offering up the view that this is simply a crap share. The market should like this stock - good div, low PE etc, but the share has failed to live up to expectations. Sadly because this is a large part of my Pension I have to stick with it, but a bit from Inchcape at 50p would put many of us out of our misery!
There has been recent information. Look on the Company Website. Actually very good news and the upshot is the Company seems to have survived. I am nursing a huge loss, but the only way is up. Would be good to hear from some of the previous posters on here Mikeygit etc. This firm has re-focused to Canada and Keith and team at least have kept us in with a shout.
from the nightmare of 25p ish. Now only around 10% below pre Brexit verdict price of 37.5p. This remains a great business and people will still buy and repair their cars through this firm, irrespective of the eventual move away from the EU. Interims due in August and I expect a hike in the dividend. baagatwick is right to expect up to 40p soon, although the word unabated in his text, will require a massive re-rating of the stock.
SP 37.80....I wish!
Far more buyers than sellers and yet the SP is hammered for a second day. Why does this share get hammered much harder than other listed motor dealers? No end in sight. Should have sold at 49/42/37.5 even last week. My only hope is a bid and with an MCap of less than £400M this is now looking my only escape route. 60p would do the trick! This remains a great share with excellent dividend prospects, but the dynamics have massively changed.
Disappointing to see share price drop below 40p, particularly when I see the Company has been regularly buying in and cancelling shares. However sentiment re new car buying seems to be waning and therefore I presume very limited activity until after Brexit vote.
With respect to W'ton, can't imagine too many prospective Porsche customers flocking to buy a new 911. Would have thought an Evans Halshaw site would be better, Again, we just do not know the facts, but it appears, based on previous threads, that Pendragon is reluctant to invest in high class margues, at the moment anyway.
A reasonably up-beat statement and it does mention profitability increase on used car sales. We have to accept that this year was sign-posted as a relatively flat year for car sales. Needless to say, negative reaction so far from the Market, although to be fair the gereneral stockmarket is not in a positive mood. .I will be comforted by the dividend next month, but otherwise nursing another painful month with the capital value of my holding. Something has to give soon with the MCap below£500M. Best Wishes
Again, absolutely spot on. I originally thought, with Trevor Finn, we had a maestro (not Austin!) at the helm. But your comments would appear potentially accurate given the lack of "magic" coming from him and the Board. Trouble is this site re Pendragon is relatively dormant. With my other shares, one of which you can e-mail the MD and get a same day reply!!! Worrying as near 52 week low, I believe touched this morning. I appreciate the sector is under a bit of a cloud, but at £500M this would be a snip for a break up specialist. I am happy to work with you hottips to try and get some kind of communication from the Board although the AGM notes should be digested first. Best Wishes.
I was "happy" when the share price hit 49p in January, perceiving that the market was re-rating this share and why not? Good profits/Debt lowered/Increasing dividends. I can't get to the AGM as I live in Kent and my shares (200000plus) are within my SIPP. I retain the feeling that with a MCap of around £500M, there must surely come at time when someone gets interested. I know Odey is involved (I think), but I think Jack Peachey sold his holding. I don't really know. However this cannot go on for much longer. Nevertheless Inch and Look also suffering. Best Wishes.
Excellent work by you with this information. Clearly this is a worry. If you are going to sport the title" UK's biggest car dealer" then you need to have the dynamics to do it, rather than a Arthur Daley approach. I would suggest someone ascertains the key person in Investor Relations at Pendragon to tell us what is going on. I am happy to find names, but I am not well versed in the industry speak, as your contact might be. I am just another "poor bugger" who invested at 80p!!!
Fair point Pete. But accepting the Stockmarket had a rocky start to the year, we are back up to 6400.FTSE Index. Meantime Pendragon is down circa 35% in just over 3 months. Dealer margins may be being squeezed but why such a huge drop in market capitalisation for a business that has steadied itself in recent years? Plus major concentration and TV advertising for Evans Halshaw for the buying & selling of second hand cars were margins are thicker. Regards Brian
Nearing 52 week low, although again (it appears) more buyers than sellers.
At the time of writing this, the shares are down 5% despite the fact that it appears there are more buyers than sellers. It never seems worthwhile waiting for the dividend ie ex div date being this Friday, as the shares always seem to take a bashing. Little upside movement beyond 37pence, which suggest an awfully long wait before we see this share on a bull run. I remain mystified given the sentiment toward car buying, cheap petrol and the recent outstanding figures from this business.
Here we go again. Terrible 3 months performance since 49pence. I continue to believe this share must enjoy a re-rating soon and I always maintain a glimmer of hope that this would be an ideal break-up situation in a highly fragmented dealer sector. Mathsprof are you still out there?
Once again, very grateful thanks to you Greg for this piece of work. Just so I am clear this is Katharine's narrative presumably? As I picked up on the words "and I joined the company to work with him". It is clear to me now that JM is the leading light here and he is increasing his shareholding as best he can (your previous note refers). This must represent the clearest signal that this business is sound and it will be only a matter of time before investors react positively to the events that progress the site. My only concern now relates to funding issues, but equally with a MC of just £38m it is highly possible that bigger animals might come in and swallow up. Thanks again Greg.
Superb work Greg. I am sure this in beneficial to all readers on here. Could I trouble you to briefly explain the Cluff Gold scenario ie a three digit share price, the (presumably) exiting of Algy Cluff and how we got to Amara today with a virgin patch of land. Sorry if this is a imposition, but I am sure really helpful to both me and the rest of the crew. Thanks again Greg. Regards Brian
Greg, given your far superior knowledge of the situation, thank you for this latest post. I am contemplating a further substantial investment in this business, but accept the speculative dangers associated with this type of business. My question is, given that I know you have a lot of faith in JM, is it not fair to say you would have though his shareholding in the business would be considerably higher than this? If I do buy, my overall holding will not be dis-similar from JM. Keep up the excellent technical posts, Greg. Brian.
My first post on here for Amara having been a "reader" for many months. Greg you are easily the most knowledgeable person on here re Amara. You are letting your guard slip dare I say with this post. Let's all be realistic! GLA.