Pendragon (PDG)

Sector:

Retailers

Index:

FTSE Small Cap

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10.72p
   
  • Change Today:
    -0.080p
  • 52 Week High: 28.45
  • 52 Week Low: 10.26
  • Currency: UK Pounds
  • Shares Issued: 1,396.94m
  • Volume: 1,284,277
  • Market Cap: £149.75m
  • RiskGrade: 344

Pendragon to sell off two California dealerships for ?60m

By Michele Maatouk

Date: Thursday 02 May 2019

LONDON (ShareCast) - (Sharecast News) - Car retailer Pendragon has agreed to dispose of two of its Jaguar Land Rover dealerships in California for £60m.
The company's dealership in Mission Viejo is being sold to US dealership group Lithia Motors for around £29m in cash, while its dealership in Newport Beach is being sold to US Auto Trust for around £31m in cash.

Profit contribution from the two businesses was £6.9m.

Pendragon said the transactions are in line with its stated strategy of disposing of its US Motor Group.

Although both acquirers have agreed purchase prices with Pendragon, final due diligence is still to be completed.

The intended application of the sales proceeds, expected to be received in the third quarter, will be announced as part of the strategic update which will be provided with the announcement of the company's interim results.

Broker Liberum said: "We think these deals keep Pendragon on track for the £100m target proceeds from US disposals."

At 1045 BST, the shares were up 4.7% to 23.65p.

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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 10.72p
Change Today -0.080p
% Change -0.74 %
52 Week High 28.45
52 Week Low 10.26
Volume 1,284,277
Shares Issued 1,396.94m
Market Cap £149.75m
RiskGrade 344

Pendragon Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
90.33% above the market average90.33% above the market average90.33% above the market average90.33% above the market average90.33% above the market average
62.26% above the sector average62.26% above the sector average62.26% above the sector average62.26% above the sector average62.26% above the sector average
Price Trend
90.14% below the market average90.14% below the market average90.14% below the market average90.14% below the market average90.14% below the market average
85.45% below the sector average85.45% below the sector average85.45% below the sector average85.45% below the sector average85.45% below the sector average
Income
81.30% above the market average81.30% above the market average81.30% above the market average81.30% above the market average81.30% above the market average
58.97% above the sector average58.97% above the sector average58.97% above the sector average58.97% above the sector average58.97% above the sector average
Growth
86.49% below the market average86.49% below the market average86.49% below the market average86.49% below the market average86.49% below the market average
67.27% below the sector average67.27% below the sector average67.27% below the sector average67.27% below the sector average67.27% below the sector average

What The Brokers Say

Strong Buy 0
Buy 0
Neutral 3
Sell 0
Strong Sell 1
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 23-Aug-2019

Time Volume / Share Price
16:35 7,664 @ 10.72p
16:29 6,450 @ 10.92p
16:29 1,337 @ 10.74p
16:29 3,000 @ 10.84p
16:17 4,469 @ 11.06p

Pendragon Key Personnel

COO Martin Shaun Casha
Chair Chris Chambers
CFO Mark Simon Willis

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