Edition:
India

Pendragon PLC (PDG.L)

PDG.L on London Stock Exchange

11.64GBp
17 Oct 2019
Change (% chg)

0.14 (+1.22%)
Prev Close
11.50
Open
11.70
Day's High
11.70
Day's Low
11.10
Volume
973,369
Avg. Vol
1,223,247
52-wk High
28.90
52-wk Low
8.83

Latest Key Developments (Source: Significant Developments)

Odey Asset Management Discloses 14.49% Stake In Pendragon As Of Oct 2 Vs Prior Stake Of 13.95%
Thursday, 3 Oct 2019 

Oct 3 (Reuters) - :ODEY ASSET MANAGEMENT LLP DISCLOSES 14.49% STAKE IN PENDRAGON AS OF OCT 2 VERSUS PRIOR STAKE OF 13.95% - FILING.  Full Article

Pendragon Says Underlying PBT For FY19 To Be A Small Loss
Wednesday, 12 Jun 2019 

June 12 (Reuters) - Pendragon PLC ::OUTCOME OF FINANCIAL & OPERATIONAL REVIEW.MANAGEMENT TEAM UNDERTAKEN A BUSINESS BY BUSINESS REVIEW TO DETERMINE EXPECTED UNDERLYING OPERATING PERFORMANCE FOR REMAINDER OF YEAR.MARKET REMAINS CHALLENGING, WITH SMMT REPORTING A DECLINE IN NEW CAR REGISTRATIONS OF 3.1% YTD TO MAY.FY19 PERFORMANCE IS EXPECTED TO BE IMPACTED FURTHER BY CERTAIN INTERNAL OPERATIONAL CHALLENGES.NOW EXPECT GROUP UNDERLYING PBT FOR FY19 TO BE A SMALL LOSS (PRE DISPOSAL OF US MOTOR GROUP).FIRST-HALF OF FY19 EXPECTED TO BE SIGNIFICANTLY LOSS MAKING AHEAD OF RETURNING TO OVERALL GROUP PROFITABILITY FOR SECOND-HALF.  Full Article

Pendragon Undertaking Review Of Operational & Financial Prospects Of Group
Wednesday, 17 Apr 2019 

April 17 (Reuters) - Pendragon PLC ::PENDRAGON PLC INTERIM MANAGEMENT STATEMENT.A REVIEW OF OPERATIONAL AND FINANCIAL PROSPECTS OF GROUP IS CURRENTLY BEING UNDERTAKEN.QTRLY TOTAL GROUP REVENUE GREW BY 1.2% IN PERIOD, WITH LIKE-FOR-LIKE GROWTH OF 4.6%.QTRLY UNDERLYING LOSS BEFORE TAX OF £2.8M, AROUND £10M LOWER THAN EXPECTATIONS FOR PERIOD.CHALLENGING TRADING CONDITIONS DURING QTR RESULTED IN 5.4% FALL IN LIKE-FOR-LIKE NEW GROSS PROFIT.  Full Article

Pendragon Says Brexit Hit Manufacturer Behaviour For New Car Supply
Tuesday, 12 Mar 2019 

March 12 (Reuters) - Pendragon PLC ::PENDRAGON PLC - SEEN STRONG PERFORMANCE IN USED CARS IN SECOND HALF OF YEAR.PENDRAGON PLC - ANTICIPATE STRONG PERFORMANCE IN USED CARS WILL CARRY ON INTO 2019 AND BEYOND.PENDRAGON PLC - "NEW CAR SALES HAVE BEEN SUBDUED AND CONSUMER CONFIDENCE HAS BEEN ADVERSELY AFFECTED IN PERIOD BY MACRO NEWSFLOW".PENDRAGON PLC - FY GROUP REVENUE -1.3% L4L (-2.4% TOTAL).PENDRAGON PLC - FY USED REVENUE -0.3% L4L (-0.9% TOTAL).PENDRAGON PLC - FY UNDERLYING PROFIT BEFORE TAX £47.8M DOWN £12.6 MILLION.PENDRAGON PLC - FY NON UNDERLYING CHARGE OF £92.2M.PENDRAGON PLC - A FINAL DIVIDEND OF 0.7P IS BEING PROPOSED TO MAINTAIN DIVIDEND EARNINGS COVER OF AT LEAST TWO TIMES.PENDRAGON - EXPECTED UK EXIT FROM EU RESULTED IN CONTINUING LEVEL OF UNCERTAINTY IN CONSUMER CONFIDENCE, MANUFACTURER BEHAVIOUR FOR NEW CAR SUPPLY.PENDRAGON PLC - ANTICIPATE SALE OF OUR US BUSINESS TO REALISE IN EXCESS OF £100 MILLION BEFORE TAX..PENDRAGON PLC - EXPECT OUR PERFORMANCE IN 2019 TO BE BROADLY STABLE AGAINST 2018, UNDERPINNED BY OUR USED CAR PROFITABILITY.PENDRAGON - FURTHER CAPITAL TO BE RELEASED VIA MIX OF DISPOSAL PROCEEDS & INVESTMENT NOT DEPLOYED IN RESPECT OF OUR PREMIUM FRANCHISE BUSINESSES IN UK.  Full Article

Pendragon Names Mark Herbert As CEO Designate
Monday, 18 Feb 2019 

Feb 18 (Reuters) - Pendragon PLC ::MARK HERBERT WILL JOIN COMPANY ON 04 MARCH 2019 AS CHIEF EXECUTIVE OFFICER DESIGNATE.HERBERT WILL ASSUME ROLE OF CHIEF EXECUTIVE OFFICER AND JOIN BOARD ON 01 APRIL 2019.TREVOR FINN WILL RETIRE FROM PENDRAGON PLC ON 31 MARCH 2019.  Full Article

Ten Entertainment Says CFO Mark Willis To Join Pendragon
Monday, 29 Oct 2018 

Oct 29 (Reuters) - Ten Entertainment Group PLC ::NOTIFIED BY MARK WILLIS, CHIEF FINANCIAL OFFICER, OF HIS DECISION TO RESIGN FROM COMPANY TO JOIN PENDRAGON PLC.A SEARCH FOR A SUCCESSOR WILL NOW BEGIN.  Full Article

Pendragon Says Legislation, Investments Had Short-Term Dilutive Effect On Profitability
Friday, 26 Oct 2018 

Oct 26 (Reuters) - Pendragon PLC ::PENDRAGON PLC - GROUP REVENUE -7.2% L4L (-6.4% TOTAL) FOR THREE MONTHS ENDED 30 SEPTEMBER.PENDRAGON PLC - UNDERLYING PROFIT BEFORE TAX £1.1M - UNDERLYING PROFIT BEFORE TAX UP £3.0 MILLION ON QUARTER 3 2017.PENDRAGON PLC - ANTICIPATE THAT OUR FULL YEAR UNDERLYING PROFIT BEFORE TAX WILL BE APPROXIMATELY £50M.PENDRAGON- INTRODUCTION OF WLTP LEGISLATION IN NEW CAR BUSINESS AND INVESTMENT IN OUR USED CAR BUSINESS HAS HAD A SHORT TERM DILUTIVE EFFECT ON PROFITABILITY.PENDRAGON- INTRODUCTION OF WLTP LEGISLATION IN NEW CAR BUSINESS, INVESTMENT IN USED CAR BUSINESS HAS HAD A SHORT TERM DILUTIVE EFFECT ON PROFITABILITY.  Full Article

Pendragon PLC Says Underlying Profit Before Tax For 2018 Is Expected To Be £50M
Friday, 19 Oct 2018 

Oct 19 (Reuters) - Pendragon PLC ::PENDRAGON PLC - UNDERLYING PROFIT BEFORE TAX FOR 2018 IS EXPECTED TO BE £50M.PENDRAGON - INTRODUCTION OF WORLDWIDE HARMONISED LIGHT VEHICLE TEST PROCEDURE CREATED DISRUPTION IN NEW CAR SALES, UNCERTAINTY OVER NEW VEHICLE SUPPLY.  Full Article

UPDATE 2-Car dealership Pendragon scraps dividend as Brexit dims outlook

* Names neww executive chairman, non-exec chairman to step down (Adds detail, spokesperson, shares)