Good Evening4 Jun 2009 20:03
Slimchance, you know what, when someone makes as big a bold prediction as 17mill for Q1, for a company that has struggled to pull in that sort of profit in in 6months in the good times, in a market place that is down as it has been, then yes, I will be swinging past here just to remind people of the "truth" that lies beneath.
Or are we for a backtrack now ?
If you can back the 17million up, Im delighted to go through the numbers, if its all the usual airy fairyness, then "we reap what we sow" so to speak.
Whats PDG down to now ? 270 dealerships or so. So a rough bit of maths would mean each one of them would have had to have returned approx £62962 NP to achieve such a number. That actually doesnot include the associated head office costs, so , even if Im being kind and stretch that too 300 dealerships at a np of £56,666 excluding HO and associated costs, not going too happen.
You know why ? Because commercial ops are blowing £100`s of K`s bottom line, so even the good performing dealerships PDG have, the money they make is dwarged by these sites.
However, on a seperate note, I do beleive PDG have set the current price for the staff share save scheme at 24.67p.
I await your numbers and retort with great anticipation :)