Pendragon has been hit by recent new-model sales affecting secondhand.....but the fact remains that in any downturn, non-essential purchases are put-off.
-That applies to extensions, kitchens, and cars.
If you can keep your car a couple of years (longer), that will save money.
- If Bosses are trying to restrict wages, they cannot change their company car!

Any views on this business - perhaps from Car-Buyers who know them?

Another great call by Master RSI back in June post 2 .... NOT !

1.5p...where is it going? sub 1p very likely.

You need extra large cojones to buy this share @1.4p as the future is bleak but if you do decide to buy beuno suerta.

I dont reckon we shall hear from Master RSI again.

Give him a break.

I made money on his recommendations trading short-term and I'm sure he did as well.

He's probably on a beach somewhere!

As for PDG it appears the SM has decided they won't be around much longer along with loads of other companies.

Probably an exaggeration but I heard someone saying they reckon 75% of listed companies will go bust. Would think it would be nowhere near that but so far the credit crunch/recession has been worse than forecast so why not a depression?

Well either way they look doomed cant see them existing after Xmas.

Like a lot of co's.

Doomed imo wont be long now.

A glimmer of hope according to the FT today the Banks have given Pendragon more breathing space on interest due in late 2008.

They have a chance.

Pendragon has shelved the sale of software subsidiary Pinnacle it hoped would
raise cash to buy it time in negotiations with its banks - Sunday Times

Thanks for that Greystone the weather is wet and cloudy today whats it like your end ..?

Much the same mitzy :(

Wet and cloudy again.

What a surprise..lol.

On bid alert someone bought 60 mills shares.

anyone else in..?

Wonder if Nigel Rudd who already owns 11 mill shares has bought the other 60 mill he is a genial operator.

The overhang has been cleared which is good news .

Classic chart I see no reason why 100p in 12 months.

mitzy go to your local car showroom and count the unsold cars.

I know halifax just a small punt for me.

Rise today is due to "Talks Starting" - which means they havent been presented with an Ultimatum (er, yet!).
This may be Good News for the Company - but I doubt it will profit Shareholders who are already suffering considerable losses.
Today, Mid is 9p-ish.
So, I wonder if Shareholders will suffer Dilution, with D4E - the company can hardly resist this.
+UK- Airfileds are full of unsold-cars, Car-plants are closing for want of Orders - I see further pain in this industry - esp since you lose 20% of your cash by driving the thing out of the Showroom. Definately a purchase for "feel-good" times, so I don't see Sales returning to 2006-levels for a while yet.