Pendragon (PDG)

Sector:

Retailers

Index:

FTSE Small Cap

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17.90p
   
  • Change Today:
    -0.020p
  • 52 Week High: 28.45
  • 52 Week Low: 17.70
  • Currency: UK Pounds
  • Shares Issued: 1,396.94m
  • Volume: 842,828
  • Market Cap: £250.05m
  • RiskGrade: 362
  • Beta: 0.02

Pendragon launches review as it posts loss amid 'challenging' conditions

By Michele Maatouk

Date: Wednesday 17 Apr 2019

LONDON (ShareCast) - (Sharecast News) - Car dealership Pendragon said on Wednesday that it had launched a review of its operations and financial prospects as it reported a loss for the three months to the end of March 2019.
Total revenue during the period was up 1.2%, with like-for-like growth of 4.6% and group LFL new revenue growth of 6.3%.

However, Pendragon said "challenging" trading conditions meant there was a reduction in margins in new, used and aftersales, leading to a 5.4% decline in LFL new gross profit, a 1.6% drop in LFL used gross profit and a 5% slide in LFL aftersales gross profit.

"This performance, combined with both a higher level of operating costs and increased losses within Car Store, arising from the ongoing development and maturation of the business...resulted in an underlying loss before tax of £2.8m," the company said.

This is around £10m lower than Pendragon had expected for the period. It comprises about £7m from the net impact of higher revenue and lower margins, £2m of additional operating costs and £1m from the lower-than-expected Car Store performance.

In light of the update and given the recent appointments of Mark Herbert as chief executive and Mark Willis as chief financial officer, the group has begun a review of its operational and financial prospects, the results of which will be revealed in June.

At 0920 BST, the shares were down 5.6% to 23.74p.

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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 17.90p
Change Today -0.020p
% Change -0.11 %
52 Week High 28.45
52 Week Low 17.70
Volume 842,828
Shares Issued 1,396.94m
Market Cap £250.05m
Beta 0.02
RiskGrade 362

Pendragon Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
98.99% above the market average98.99% above the market average98.99% above the market average98.99% above the market average98.99% above the market average
84.91% above the sector average84.91% above the sector average84.91% above the sector average84.91% above the sector average84.91% above the sector average
Price Trend
72.09% below the market average72.09% below the market average72.09% below the market average72.09% below the market average72.09% below the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average
Income
94.56% above the market average94.56% above the market average94.56% above the market average94.56% above the market average94.56% above the market average
89.74% above the sector average89.74% above the sector average89.74% above the sector average89.74% above the sector average89.74% above the sector average
Growth
86.88% below the market average86.88% below the market average86.88% below the market average86.88% below the market average86.88% below the market average
74.07% below the sector average74.07% below the sector average74.07% below the sector average74.07% below the sector average74.07% below the sector average

What The Brokers Say

Strong Buy 0
Buy 0
Neutral 4
Sell 0
Strong Sell 0
Total 4
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

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 14-Jun-2019

Time Volume / Share Price
16:35 38,240 @ 17.90p
16:29 2,163 @ 17.90p
16:29 1,982 @ 17.90p
16:23 1,390 @ 18.02p
16:23 1,223 @ 18.02p

Pendragon Key Personnel

COO Martin Shaun Casha
Chair Chris Chambers
CFO Mark Simon Willis
CEO Mark Herbert

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