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<title>Pendragon PLC Discussion</title>
<description>Pendragon PLC Discussion Board</description>
<link>http://www.iii.co.uk/investment/detail?code=cotn:PDG.L&amp;display=discussion</link>

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<guid isPermaLink="false">tag:iii.co.uk,2003:tst.5546331</guid>
<title>Re: Oct New car registrations up</title>
<description><![CDATA[ So why has +30% dropped off these in the past few weeks then, I cant really find any evidence for this, am I missing something?<br>
<br>
03-Nov-09 Arden Partners Buy 29.25p - - Reiteration <br>
08-Oct-09 Panmure Gordon Buy 38.75p 45.00p - Upgrade <br>
30-Sep-09 Arden Partners Buy 38.25p - - Reiteration <br>
30-Sep-09 Citigroup Buy 38.25p 5.00p 50.00p Upgrade <br>
 By hudstud ]]></description> 
<link>http://www.iii.co.uk/investment/detail?code=cotn:PDG.L&amp;display=discussion&amp;id=5546331&amp;action=detail</link>
<pubDate>Thu, 05 Nov 2009 14:39:00 GMT</pubDate>
<dc:creator>hudstud</dc:creator>
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<guid isPermaLink="false">tag:iii.co.uk,2003:tst.5545917</guid>
<title>Re: Oct New car registrations up</title>
<description><![CDATA[ my point about registrations and profit was and i am sure you fully understood that its totally irelevant if numbers are up if your not making any money. and they are up only on last years disatourous registrations...and yes i agree now is the time to sell, as Pendragons used car operation is nothing less than a shambles, UCM great theory lousy practice... By ex pendragon ]]></description> 
<link>http://www.iii.co.uk/investment/detail?code=cotn:PDG.L&amp;display=discussion&amp;id=5545917&amp;action=detail</link>
<pubDate>Thu, 05 Nov 2009 13:47:00 GMT</pubDate>
<dc:creator>ex pendragon</dc:creator>
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<guid isPermaLink="false">tag:iii.co.uk,2003:tst.5545864</guid>
<title>Re: Oct New car registrations up</title>
<description><![CDATA[ But on a more serious note, some good points you make.  My own research suggests that PDG are no worse than the other dealers, but I have more knowledge of the 2nd hand game anyway.  Either way it's a moot point for me, I've held on to those far too long, and another 2p(and a bit) off the price hits my stopper, which would see me selling these up and taking my profits elsewhere. By Eventrollsloverocknroll ]]></description> 
<link>http://www.iii.co.uk/investment/detail?code=cotn:PDG.L&amp;display=discussion&amp;id=5545864&amp;action=detail</link>
<pubDate>Thu, 05 Nov 2009 13:37:00 GMT</pubDate>
<dc:creator>Eventrollsloverocknroll</dc:creator>
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<guid isPermaLink="false">tag:iii.co.uk,2003:tst.5545800</guid>
<title>Re: Oct New car registrations up</title>
<description><![CDATA[ Thanks for that ex pendragon.  Up until that point I didn't realise that profits were important for a company.  Who'd have thought it, that must be where I've been going wrong all these years :-) By Eventrollsloverocknroll ]]></description> 
<link>http://www.iii.co.uk/investment/detail?code=cotn:PDG.L&amp;display=discussion&amp;id=5545800&amp;action=detail</link>
<pubDate>Thu, 05 Nov 2009 13:30:00 GMT</pubDate>
<dc:creator>Eventrollsloverocknroll</dc:creator>
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<guid isPermaLink="false">tag:iii.co.uk,2003:tst.5545744</guid>
<title>Re: Its that time of year</title>
<description><![CDATA[ well with the news that registrations of new cars are up (against last year) it doesnt look like it is helping Pendragon, i would sugest to GTEN, that he speaks to the Volvo dealers who are actually making money from a very loyal customer base, and then go and try to negotiate a deal at a Pendragon site...Pendragon are there own worst enemys, they have destroyed staff morale and loyalty(the highest turn over of staff in motor trade) and in return that has brought about poor customer relationships and very few return and buy another car from this them. think you will see Vertu. Lookers. Sytner and Vardy group, slowly picking up dealerships from Pendragon as more and more manufacturers terminate there contracts, By ex pendragon ]]></description> 
<link>http://www.iii.co.uk/investment/detail?code=cotn:PDG.L&amp;display=discussion&amp;id=5545744&amp;action=detail</link>
<pubDate>Thu, 05 Nov 2009 13:22:00 GMT</pubDate>
<dc:creator>ex pendragon</dc:creator>
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<guid isPermaLink="false">tag:iii.co.uk,2003:tst.5545592</guid>
<title>Re: Its that time of year</title>
<description><![CDATA[ GTEN...I know of a Volvo Dealer who will make 650K NET this year so it is PDG who are fault, NOT the franchises they chose to represent.   From the inside it is possible to see and believe the facts as they are and not the fairy tales of Shareholders trying to talk up the prospects of this company for their own gains.<br>
IMHO of course. By OKNOWBYEBYE ]]></description> 
<link>http://www.iii.co.uk/investment/detail?code=cotn:PDG.L&amp;display=discussion&amp;id=5545592&amp;action=detail</link>
<pubDate>Thu, 05 Nov 2009 13:00:00 GMT</pubDate>
<dc:creator>OKNOWBYEBYE</dc:creator>
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<guid isPermaLink="false">tag:iii.co.uk,2003:tst.5545001</guid>
<title>Re: Oct New car registrations up</title>
<description><![CDATA[ registrations mean nothing, its profitabillty not numbers......<br>
and up against what? last years figures or the year before,....<br>
you guys not in this industry dont get the plot yet do you By ex pendragon ]]></description> 
<link>http://www.iii.co.uk/investment/detail?code=cotn:PDG.L&amp;display=discussion&amp;id=5545001&amp;action=detail</link>
<pubDate>Thu, 05 Nov 2009 11:30:00 GMT</pubDate>
<dc:creator>ex pendragon</dc:creator>
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<guid isPermaLink="false">tag:iii.co.uk,2003:tst.5544422</guid>
<title>Oct New car registrations up</title>
<description><![CDATA[ Just announced this morning<br>
<br>
Oct New car registrations up 32% to 168,942<br>
<br>
must be good news to us all By jarrow sparrow ]]></description> 
<link>http://www.iii.co.uk/investment/detail?code=cotn:PDG.L&amp;display=discussion&amp;id=5544422&amp;action=detail</link>
<pubDate>Thu, 05 Nov 2009 10:10:00 GMT</pubDate>
<dc:creator>jarrow sparrow</dc:creator>
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<guid isPermaLink="false">tag:iii.co.uk,2003:tst.5544276</guid>
<title>Re: Its that time of year</title>
<description><![CDATA[ Well what a load of moaners. Who is shorting this stock? Not Trevor Finn I guess. This is the biggest car company in the UK and has a sound structure. OK so some franchises go down - what do you expect from Volvo! I still bel;ieve this is good to buy and will show my conviction again. About time others started believing in it too... By GTEN ]]></description> 
<link>http://www.iii.co.uk/investment/detail?code=cotn:PDG.L&amp;display=discussion&amp;id=5544276&amp;action=detail</link>
<pubDate>Thu, 05 Nov 2009 09:50:00 GMT</pubDate>
<dc:creator>GTEN</dc:creator>
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<guid isPermaLink="false">tag:iii.co.uk,2003:tst.5542206</guid>
<title>Re: Its that time of year</title>
<description><![CDATA[ Party time.........!<br>
Who will pay for Trevor and Martin's jolly to celebrate their survival, I bet it is the shareholders By goddaddy ]]></description> 
<link>http://www.iii.co.uk/investment/detail?code=cotn:PDG.L&amp;display=discussion&amp;id=5542206&amp;action=detail</link>
<pubDate>Wed, 04 Nov 2009 20:13:00 GMT</pubDate>
<dc:creator>goddaddy</dc:creator>
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<guid isPermaLink="false">tag:iii.co.uk,2003:tst.5531467</guid>
<title>Re: Its that time of year</title>
<description><![CDATA[ <br>
Difficult to see how PDG can avoid another round of site closures. From memory i think that they have approx 300 sites. Lookers and Inchcape have just over 100 each. Other entrants such as Vertu etc, are building up scale, however they will cease to expand when they have reached an optimum point.<br>
<br>
The new car market has decreased significantly and is likely to remain subdued for a number of years, and there is therefore simply no need for the capacity that PDG has. The issue of the bank owning empty sites is not as large as funding  a struggling business indefinitely,as property will always return in the long run. I would suggest that the PDG business is simply too big for the marketplace that now exists, and judging by the comments on this board, struggling to control and motivate staff in the correct manner.<br>
<br>
All imho. By executive1 ]]></description> 
<link>http://www.iii.co.uk/investment/detail?code=cotn:PDG.L&amp;display=discussion&amp;id=5531467&amp;action=detail</link>
<pubDate>Tue, 03 Nov 2009 08:16:00 GMT</pubDate>
<dc:creator>executive1</dc:creator>
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<guid isPermaLink="false">tag:iii.co.uk,2003:tst.5529672</guid>
<title>Re: It's that time of year</title>
<description><![CDATA[ &quot;The flogging will contine until moral improves&quot;<br>
<br>
F.E By Fateddie ]]></description> 
<link>http://www.iii.co.uk/investment/detail?code=cotn:PDG.L&amp;display=discussion&amp;id=5529672&amp;action=detail</link>
<pubDate>Mon, 02 Nov 2009 18:20:00 GMT</pubDate>
<dc:creator>Fateddie</dc:creator>
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<guid isPermaLink="false">tag:iii.co.uk,2003:tst.5529319</guid>
<title>Re: It's that time of year</title>
<description><![CDATA[ it seens morale among the sales force is at a all time low, speaking to a sales exec from leeds renault who has been lucky that he has found another position informed me all the sales exec were giving a dressing down on a saturday for over an hour were they were all called useless individuals and worse, wonderfull for morale, customers who had made the mistake from buying from this shower as customer service is zero were kept waiting till the roasting of the sales staff was concluded, <br>
i feel that this is typical across the group, answer me this Mr Finn on of you core valus was &quot;we recognise the contribution of each individual to the success of our business'' paying &pound;35 commision to sales execs is hardly recognision, bullying of staff is not recognising the individuals...get out of Loxley go round your dealerships give complete amnesty to any one who is brave enough to stand up against these tactics, from your regionals and dealer principles, and do what you did in the early days, empowerment to the team members, maybe then you will turn back the tide if not the most logical thing to do is resign and let some one else stear the ship to calmer waters By ex pendragon ]]></description> 
<link>http://www.iii.co.uk/investment/detail?code=cotn:PDG.L&amp;display=discussion&amp;id=5529319&amp;action=detail</link>
<pubDate>Mon, 02 Nov 2009 16:53:00 GMT</pubDate>
<dc:creator>ex pendragon</dc:creator>
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<guid isPermaLink="false">tag:iii.co.uk,2003:tst.5528306</guid>
<title>It's that time of year</title>
<description><![CDATA[ yes yet another site has closed - 'Stratstone' ex Volvo site in Cardiff last friday(30th Oct), Volvo withdrew their franchise a few months ago(only two Volvo franchises left with PDG from 25 a couple of years' ago), tried to continue as a independent Volvo specialist repairer and the 'wonderful'!!!! UCM sales programme - guess what, yes they failed. Redundancies followed(most voluntary as the long serving loyal staff saw the writing on the wall), it took only a month after that that the doors finally shut on once what was a thriving business ruined by the number crunchers and the 'yes' men currently at PDG, they appoint senior!!! personell at dealerships without any authority or portfolio and expect results, the market has changed and unfortunately PDG has not moved with it, franchises are being lost as many manufacturers are loosing patience with PDG, therefore there will be more sites closing in the near future, will there be much left - i doubt it, i am a share holder(holding losses) so i am therefore an interested party hoping for some recovery with PDG, and unless the very senior directors come to terms with the current market and take positive steps to encourage it's staff towards  productivity and profit - yes profit, particularly from it's sales, then i'm afraid it will fail. By hugoandmoya ]]></description> 
<link>http://www.iii.co.uk/investment/detail?code=cotn:PDG.L&amp;display=discussion&amp;id=5528306&amp;action=detail</link>
<pubDate>Mon, 02 Nov 2009 14:08:00 GMT</pubDate>
<dc:creator>hugoandmoya</dc:creator>
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<guid isPermaLink="false">tag:iii.co.uk,2003:tst.5527541</guid>
<title>It's That Time of Year</title>
<description><![CDATA[ The time when all the PDG 2010 plans have to be submitted to the Regionals and beyond.   I hear quite a few have been sent back to DP's with an instruction to raise the forecast Net Profit or face closure.  Where this is unachievable the sites are to close and I know of 1 site where this is happening, the doors will be closed for the last time very soon and another empty premises will stand testament to the skills and decision making of the main board.   P.S..  How many sites are left, does anyone know?<br>
IMHO of course. By OKNOWBYEBYE ]]></description> 
<link>http://www.iii.co.uk/investment/detail?code=cotn:PDG.L&amp;display=discussion&amp;id=5527541&amp;action=detail</link>
<pubDate>Mon, 02 Nov 2009 12:07:00 GMT</pubDate>
<dc:creator>OKNOWBYEBYE</dc:creator>
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