GreenGiant 287 Posted October 23, 2017 http://cardealermagazine.co.uk/publish/pendragon-forecasts-pre-tax-profit/141225 Discuss... Share this post Link to post Share on other sites
It's me 615 Posted October 23, 2017 17 minutes ago, GreenGiant said: http://cardealermagazine.co.uk/publish/pendragon-forecasts-pre-tax-profit/141225 Discuss... full year profit to come in at £60 million, down from last year’s £75.4 million. pretty much in line with my own forecast here for my business actually 1 Share this post Link to post Share on other sites
BHM 994 Posted October 23, 2017 Let’s be honest, it’s no surprise to anyone that sales are down. In fact it seems to be on just about anything and certainly isn’t restricted to vehicles. Share this post Link to post Share on other sites
sparky 274 Posted October 23, 2017 Oh well, at least they seem optimistic about being with us peasants in the second hand game. Share this post Link to post Share on other sites
Cornish Guy 45 Posted October 23, 2017 TBH I don't think these shares have ever recovered since the crash in 2008. Share this post Link to post Share on other sites
trade vet 702 Posted October 23, 2017 Just seen this,18% drop,it's an over reaction,if they drop to 21.5p ,I am having 10k,if they drop more ,I'm having some more ! See what happens to Vertu,they could self destruct . Share this post Link to post Share on other sites
Cornish Guy 45 Posted October 23, 2017 Not inclined to agree. Looking at the accounts of quite a few franchised dealers v their actual stock holding, the physical stock just doesn't exist! Share this post Link to post Share on other sites
Mojo121 229 Posted October 23, 2017 4 hours ago, trade vet said: Just seen this,18% drop,it's an over reaction,if they drop to 21.5p ,I am having 10k,if they drop more ,I'm having some more ! See what happens to Vertu,they could self destruct . 74 million to 60 million is about 18% of a drop. You're right it'll recover for the last year it's traded mostly above 30. Buy low, sell high! Share this post Link to post Share on other sites
justina3 518 Posted October 24, 2017 18 hours ago, tradex said: I think they maybe worth more in real estate? That sounds so god dam USA Share this post Link to post Share on other sites
It's me 615 Posted October 24, 2017 19 hours ago, tradex said: I want to own this company because its super dooper Just now, s and b said: 19 hours ago, tradex said: I want to own this company because its super dooper shares down again this morning,are you sure Share this post Link to post Share on other sites
BHM 994 Posted October 24, 2017 20 hours ago, tradex said: I think they maybe worth more in real estate? Possibly. Share this post Link to post Share on other sites
Cornish Guy 45 Posted October 24, 2017 10 years ago they were at 4p. Could be on their way back. Share this post Link to post Share on other sites
have a word with the wife 299 Posted October 25, 2017 i read its down to bad management, usual too many chiefs and not enough indians, phoning three times a day "how many have we sold today ? what percentage were also sold a load of shit ? why why why ? tis why i work for meself, if i dont go out and meet n greet i dont eat meat and i dont feel greet Share this post Link to post Share on other sites
Rob774 1 Posted October 25, 2017 He's claiming peak car. which sounds like peak oil to me. The British population has expanded significantly over the last few decades. There are more potential punters out there. Share this post Link to post Share on other sites
Arfur Dealy 823 Posted October 26, 2017 On 23/10/2017 at 11:43 AM, s and b said: full year profit to come in at £60 million, down from last year’s £75.4 million. pretty much in line with my own forecast here for my business actually Yes, I’ll probably hit those figures too Share this post Link to post Share on other sites
Rory RSC 596 Posted October 26, 2017 1 hour ago, Arfur Dealy said: Yes, I’ll probably hit those figures too I hit that back end of first quarter. Was selling cars at the bar from livechat on my Italian holiday's..... Share this post Link to post Share on other sites
sparky 274 Posted October 26, 2017 7 hours ago, Rob774 said: He's claiming peak car. which sounds like peak oil to me. The British population has expanded significantly over the last few decades. There are more potential punters out there. Indeed. As an example, Driving Instructors seem to be busy and in my region, they have waiting lists like the NHS for taking your test. 1 Share this post Link to post Share on other sites
trade vet 702 Posted October 26, 2017 On 23/10/2017 at 1:23 PM, trade vet said: Just seen this,18% drop,it's an over reaction,if they drop to 21.5p ,I am having 10k,if they drop more ,I'm having some more ! See what happens to Vertu,they could self destruct . I couldn't get any at 21.5p,now the CEO Trevor Finn has bought £400k worth at 22p,they have bounced a few pence.That is commitment.He has been running the show for years,he is a proper car dealer not a PLC bullshitter.I think I will now wait for 22.7p ( only 2 grands worth ) it is a risk! Share this post Link to post Share on other sites
It's me 615 Posted October 26, 2017 4 hours ago, trade vet said: I couldn't get any at 21.5p,now the CEO Trevor Finn has bought £400k worth at 22p,they have bounced a few pence.That is commitment.He has been running the show for years,he is a proper car dealer not a PLC bullshitter.I think I will now wait for 22.7p ( only 2 grands worth ) it is a risk! see what he sold them for in june Share this post Link to post Share on other sites
trade vet 702 Posted October 26, 2017 2 hours ago, s and b said: see what he sold them for in june Yes 34p,I don't think he has broken any rules. Share this post Link to post Share on other sites
have a word with the wife 299 Posted December 4, 2017 Pendragon will dispose of its US-based retail group and begin the reduction of its premium franchises in the UK as part of a revised business strategy. Share this post Link to post Share on other sites
trade vet 702 Posted December 5, 2017 12 hours ago, have a word with the wife said: Pendragon will dispose of its US-based retail group and begin the reduction of its premium franchises in the UK as part of a revised business strategy. They are expecting to get £100m for their California dealerships and return money to shareholders.I think they may have 8 dealerships out there.How much would you get for 8 dealerships here,you would probably have to pay to get rid of one or two.Vertu have 120 and have a market valuation of £180m !Good news for shareholders. Share this post Link to post Share on other sites
It's me 615 Posted December 5, 2017 4 hours ago, trade vet said: They are expecting to get £100m for their California dealerships and return money to shareholders.I think they may have 8 dealerships out there.How much would you get for 8 dealerships here,you would probably have to pay to get rid of one or two.Vertu have 120 and have a market valuation of £180m !Good news for shareholders. and all charges satisfied Share this post Link to post Share on other sites
