Member Info for pageyboy55

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.

Further to my previous post, fortunately took up Rights in the dark days at circa 9p, so at least averaged down. Nevertheless the market still treads cautiously with this one and 40p and beyond, seems to be a very big ask. With a Mkt Cap of just £547m currently, this is either an absolute bargain or a complete sitting duck for takeover. Any thoughts please?

As a long-standing Pendragon shareholder (bought sizable holding for pension @82p 2007ish) I remain disappointed that this share remains an enigma. I appreciate that it has risen circa 20% since the start of the year, but this share remains in a cloud of dust behind Inchcape and Lookers. And indeed on a Mkt Cap basis the former could have us for breakfast and Lookers has a Mkt Cap comfortably in excess of this one. The figures are good, Mr Finn must be one of the best in this industry and the debt is down (and yes I appreciate Vardy purchase nearly crippled business).My own real hope is seeing a takeover happen perhaps a Inchcape/Lookers combined bid to break up this business? I try to convince myself that it should be worth at least 60p a share, but given this board is now very quiet, presume there is limited interest in this particular stock. Only dividend is keeping me in. GLA. Brian

What a shame Pendragon hasn't finished the year on a flourish. Nevertheless 200% plus gain over the year emphasises that this is back as a recognised stock. I was hoping for 45p, but would have accepted 40p as a year end position. Still beggars and all that! Let's hope we get off to a brisk start in 2014 with a good set of final half results and an increase in the dividend. 60p by the year of 2014 is my target. Happy Christmas to fellow PDG enthusiasts.

to soon!!! Here on the seller's again.

Let's hope the beginnings of a pre Xmas uplift after a pretty miserable 5 weeks since year high. My end of year target remains 40p.

More interesting facts - thank you. I pencilled in 45p for the end of the year and when it went to 41.75p at the end of Oct, thought 50p was potentially likely. However in recent weeks there has been a lot of trades and limited upside so would settle for 40p by year end. PDG has a knack of disappointing so I hope your comments come to fruition - if so my next car is through you!

Interesting comments Buzzzy. Presumably PDGs profits come from a range of sources -New/Used/Repairs/Finance/USA/Chatfields? I assume therefore all areas are "motoring"?! I assume VWs are the obvious brand from a sellability prospective? Your comments on share price obviously reflect a large degree of confidence. Nice to hear something from the grass roots! Good Luck!

Yes agreed entirely. They were nervy times and it felt as if the comp would fall into the hands of the Banks. Now capitalisation just covers Reg Vardy purchase price. However Trevor Finn is a superb MD and he has kept his head down and battled on. He deserves his multi million pound holding. Hopefully we are out of the worst and better times will yield a higher share price. Must be close to one of the Best Performing Shares of the Year.