Pendragon (PDG)

Sector:

Retailers

Index:

FTSE Small Cap

11.40p
   
  • Change Today:
    -0.24p
  • 52 Week High: 28.45
  • 52 Week Low: 9.00
  • Currency: UK Pounds
  • Shares Issued: 1,396.94m
  • Volume: 5,363,034
  • Market Cap: £159.25m
  • RiskGrade: 304

UK car sales fall for the third month in a row

By Abigail Townsend

Date: Wednesday 05 Dec 2018

LONDON (ShareCast) - (Sharecast News) - Sales of new cars fell in November, as supply constraints and faltering consumer confidence put the brakes on the industry.
According to the Society of Motor Manufacturers and Traders, 158,639 cars were registered in the UK in November, a 3% dip on the previous year and the third monthly decline in a row. In the year-to-date, new car registrations were down 6.9% at 2.23m.

The SMMT attributed the decline to stalling consumer confidence as well as ongoing supply delays as manufacturers implemented stricter emissions tests.

Demand for petrol and alternatively fuelled vehicles rose 3.5% and 24.6% respectively, but that was not enough to offset a 16.7% slump in demand for less environmentally-sound diesel cars. Sales of both private cars and fleet cars were down year-on-year.

Mike Hawes, chief executive of the SMMT, said supply constraints were expected to ease in the coming months, and that a number of new models were due to come to market.

But he warned: "It's now critical that a Brexit deal is secured to boost consumer confidence and provide a stimulus to the new car market as we enter the new year."

The EY Item Club noted: "It may be of limited relief to the sector that new car sales have approached stabilisation after September's sharp drop, but the fact that there has not been any rebound from September's slump is disappointing."

Sales crashed 20.5% in September - a crucial month for the industry as number plates change - as the impact of the supply constraints caused by the new emissions tests started to be felt for the first time.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Pendragon Market Data

Currency UK Pounds
Share Price 11.40p
Change Today -0.24p
% Change -2.06 %
52 Week High 28.45
52 Week Low 9.00
Volume 5,363,034
Shares Issued 1,396.94m
Market Cap £159.25m
RiskGrade 304

Pendragon Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
89.43% above the market average89.43% above the market average89.43% above the market average89.43% above the market average89.43% above the market average
69.81% above the sector average69.81% above the sector average69.81% above the sector average69.81% above the sector average69.81% above the sector average
Price Trend
87.78% below the market average87.78% below the market average87.78% below the market average87.78% below the market average87.78% below the market average
81.82% below the sector average81.82% below the sector average81.82% below the sector average81.82% below the sector average81.82% below the sector average
Income
50.05% above the market average50.05% above the market average50.05% above the market average50.05% above the market average50.05% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Growth
86.19% below the market average86.19% below the market average86.19% below the market average86.19% below the market average86.19% below the market average
60% below the sector average60% below the sector average60% below the sector average60% below the sector average60% below the sector average

What The Brokers Say

Strong Buy 0
Buy 0
Neutral 2
Sell 0
Strong Sell 1
Total 3
sell
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Pendragon Dividends

  Latest Previous
  Final Interim
Ex-Div 18-Apr-19 20-Sep-18
Paid 30-May-19 23-Oct-18
Amount 0.70p 0.80p

Trades for 18-Oct-2019

Time Volume / Share Price
16:35 258,734 @ 11.40p
16:30 1,000,000 @ 11.46p
16:24 2,671 @ 11.58p
16:24 10,926 @ 11.50p
16:08 31,932 @ 11.52p

Pendragon Key Personnel

COO Martin Shaun Casha
CFO Mark Simon Willis

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