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?

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.

Possible break out.

Bought some earlier today, been going well recently.

44p is the key.

Good figures out.

Broker Upgrade......

RESEARCH ALERT-Pendragon: Jefferies raises target price

28 Oct 2013 - 07:27

Oct 28 (Reuters) - Pendragon PLC : * Jefferies raises target price to 47p from 40p; rating buy For a summary of rating actions and price target changes on European companies: Reuters Eikon users, click on [RCH/EUROPE] Reuters 3000Xtra users, double-click [RCH/EUROPE] Reuters Station users, click .1580 ((nyc.equities.newsroom@reuters.com); (Reuters Messaging: saqib.ahmed.thomsonreuters.com@reuters.net) ((Bangalore Newsroom +91 80 6749 1130; within U.S. +1 646 223 8780))

Pendragon sees profit uplift on new car sales growth

28 Oct 2013 - 07:59

(Adds details) LONDON, Oct 28 (Reuters) - Car dealer Pendragon expects full-year profit to beat market expectations as new car sales continued to rise in Britain, bucking the negative trend across much of continental Europe. The company on Monday said the volume of new car sales rose 15.6 percent in the first nine months of 2013, with an 8.9 percent uplift in used car sales. The owner of the Stratstone, Evans Halshaw and Quicks dealerships said website visits were up 23.5 percent over the prior year for the nine months ended 30 September 2013. "Profitability in 2013 is expected to be materially ahead of expectations for the full year and we are cautiously optimistic about the prospects for 2014," said Chief Executive Trevor Finn. "Market conditions have been favourable this year, whilst the outlook to next year remains promising." Prior to Monday's trading statement the company was expected to report an average full year pretax profit of around 41 million pounds ($66 million), according to Thomson Reuters data. ($1 = 0.6186 British pounds) (Reporting by Rhys Jones; Editing by Brenda Goh) ((r.jones@thomsonreuters.com)(44)(20)(7 542 4166)(Reuters Messaging: rhysl.jones.thomsonreuters.com@reuters.net)) Keywords: PENDRAGON/

http://www.sharesmagazine.co.uk/news/pendragon-steps-on-the-gas#.Um5sZMU8H2A

market conditions are getting tough.