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?

I bought @1.7p Xmas time worth a punt for me should they return to 100p.

mitzy dream on!

lol.

mitzy your dreams may come true!

lol halifax..

Chart looking fine.

I would be tempted to sell at tomorrow's close pre-budget

I'm holding mine for at least 12 months gl.

Now the finance is sorted I see no reason 100p in 12 months.

"Pendragon moved to hold from buy at Panmure Gordon, target price 26p
Business Financial Newswire
Shares have performed well lately and started to exceed broker's target price. Believes there is scope for significant recovery longer term but shares look fair value, currently on 12x 2010E recovery earnings. "

Don't quite understand that whereas LOOK and in particular INCH have made ground over the past 3 mnths or so, PDG has stalled at the lights.

Long signal given this morning indicating a possible new uptrend. I have bought in.

Disclaimer - I focus solely on price, not fundamentals.

Steve

Results due 18th feb possible re-instatement of dividend payments, looks under valued.

.

Let's see it get back to 25p by then ! plenty of interest here IMO

I would imagine 30p is next point.

Coming back to 30p.

UK economy buoyant house sales up nice time to buy a new car.

do people buy cars, leasing is very popular these days.

Still undervalued very much so.