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Pendragon PLC (PDG.L)

PDG.L on London Stock Exchange

25.65GBp
21 Feb 2018
Change (% chg)

0.40 (+1.58%)
Prev Close
25.25
Open
26.00
Day's High
26.00
Day's Low
25.00
Volume
871,799
Avg. Vol
4,190,428
52-wk High
39.25
52-wk Low
20.03

Latest Key Developments (Source: Significant Developments)

Pendragon says ‍for year to date revenue is up 6.7 pct
Monday, 23 Oct 2017 02:00am EDT 

Oct 23 (Reuters) - Pendragon Plc ::PENDRAGON PLC - ‍REMAIN COMMITTED TO OUR STRATEGIC GOAL TO DOUBLE USED CAR REVENUE OVER FIVE YEARS TO 2021​.PENDRAGON PLC - ‍WE WILL BE SEEKING TO MAKE A SENIOR APPOINTMENT TO LEAD ALL ASPECTS OF OUR UK USED CAR OPERATIONS​.PENDRAGON PLC - ‍ARE CONDUCTING A STRATEGIC REVIEW OF PREMIUM BRANDS, TO EVALUATE BY MANUFACTURER INVESTMENT APPEAL OF THEIR FRANCHISE PROPOSITION​.PENDRAGON PLC - ‍WILL REVIEW CAPITAL REQUIREMENTS BY MANUFACTURER AND ONLY ALLOCATE CAPITAL WHERE WE SEE STRONG FUTURE PROSPECTS FOR RELIABLE RETURNS​.PENDRAGON PLC - ‍CONCLUSION OF STRATEGIC REVIEW OF US MOTOR GROUP HAS DETERMINED THAT THERE WILL BE NO FURTHER ACQUISITIONS IN USA​.PENDRAGON - ‍CONSIDERS WOULD BE APPROPRIATE IN LIGHT OF OUR CAPITAL ALLOCATION PRIORITIES TO ASSESS ONGOING VALUE OF US MOTOR BUSINESS TO GROUP.PENDRAGON PLC - ‍ANTICIPATE THAT OUR FULL YEAR UNDERLYING PROFIT BEFORE TAX WILL NOW BE APPROXIMATELY £60M​.PENDRAGON PLC - ‍ANTICIPATE RESUMPTION OF GROWTH IN PROFITS IN 2018​.PENDRAGON PLC - ‍FOR YEAR TO DATE OUR REVENUE HAS GROWN BY 6.7 PCT ON A LIKE FOR LIKE BASIS WITH USED REVENUE GROWTH OF 21.1 PCT​.PENDRAGON PLC - ‍FOR YEAR TO DATE OUR NEW GROSS PROFIT HAS REDUCED BY 10.2 PCT ON A LIKE FOR LIKE BASIS​.PENDRAGON PLC - ‍FOR YEAR TO DATE OUR USED GROSS PROFIT HAS INCREASED BY 2.1 PCT ON A LIKE FOR LIKE BASIS​.PENDRAGON PLC - ‍FOR YEAR TO DATE OUR AFTERSALES GROSS PROFIT HAS GROWN BY 3.0 PCT ON A LIKE FOR LIKE BASIS​.  Full Article

Pendragon HY pretax profit up 9.7 pct
Tuesday, 1 Aug 2017 02:09am EDT 

Aug 1 (Reuters) - Pendragon Plc :INTERIM DIVIDEND 0.75 PENCEPER SHARE."BELIEVE THAT WE CAN ACHIEVE AT LEAST DOUBLE DIGIT GROWTH IN USED REVENUE IN 2017"."OUR ASPIRATION OVER FIVE YEARS IS TO DOUBLE OUR USED VEHICLE REVENUE".IN H2, WILL MAKE FURTHER ADJUSTMENTS TO PRICING TO MAINTAIN NEW HIGHER LEVEL OF VOLUME AND ENRICH MARGIN.ANTICIPATE PERFORMANCE FOR 2017 WILL BE IN LINE WITH EXPECTATIONS.H1 USED REVENUE GROWTH, UP 20.9% ON A LIKE FOR LIKE BASIS.H1 UNDERLYING PROFIT BEFORE TAX UP 9.7% TO 48.5 MILLION STG.  Full Article

Pendragon Q1 underlying pretax profit up 17.6 pct
Thursday, 27 Apr 2017 02:00am EDT 

April 27 (Reuters) - Pendragon Plc ::Q1 underlying profit before tax increased by 17.6 percent.Strong start to 2017 with significant growth in key market areas of aftersales and used.Remain on track to achieve long term target of doubling used vehicle revenues by 2021.Had over 8 million visitors to evanshalshaw.com and stratstone.com in q1 as online business continues to grow.  Full Article

Pendragon sees 2017 performance in line with expectations
Tuesday, 14 Feb 2017 02:00am EST 

Pendragon Plc : Results for year ended Dec. 31, 2016 . Used vehicle revenue growth is a key strategic goal and revenues have grown by 64 pct in 5 years at a compound annual growth rate of 10.4 pct . Investment in additional physical capacity for used vehicle sales continues so that we can achieve at least double digit growth in used vehicle revenue in 2017 . Used vehicle revenue up +9.5 pct on a like for like basis (+5.6 pct total) as we continue to increase our market share . Aftersales revenue up +7.3 pct on a like for like basis (+4.1 pct total) as a result of market tailwinds and our initiatives . New vehicle revenue up +3.1 pct on a like for like basis (-1.4 pct total) . Underlying operating margin 2.2 pct - in line with prior year . Our underlying profit before tax has increased by 7.6 pct in year as our growth continues . Believe can achieve at least double digit growth in used revenue in 2017 and aspiration over next five years is to double our used vehicle revenue - CEO . Our growth in used vehicle revenue on a like for like basis in January 2017 exceeded increase required to achieve our growth aspirations . Anticipate our performance for 2017 will be in line with expectations - CEO .Proposing a final dividend of 0.75p per share in respect of 2016.  Full Article

Pendragon says to buy back 20 million STG worth shares
Friday, 20 May 2016 02:00am EDT 

Pendragon Plc :Will commence an initial £20 million share buyback programme of its ordinary shares.  Full Article

UPDATE 1-Britain's Pendragon to focus on used cars after profit slump

LONDON, Feb 13 British car dealer Pendragon will focus on selling more used vehicles after full-year profit slumped 20 percent as demand for new vehicles dropped sharply.