The share price fall yesterday was broadly proportional to the earnings downgrade which reflects a supply/demand imbalance in the market which has impacted both new and used margins in Q317 compounded by a double digit fall in volume brands. Whilst these market dynamics are likely to weigh on sentiment short term, Pendragon have a clear group strategy that is centred on self-help initiatives in the used car and aftersales markets where the group continues to build on market leadership. We bel
24 Oct 2017
Q317 margin pressures; 20% earnings downgrade
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Q317 margin pressures; 20% earnings downgrade
Pinewood Technologies Group PLC (PINE:LON) | 38.4 0 (-0.3%) | Mkt Cap: 669.5m
- Published:
24 Oct 2017 -
Author:
Ben Thefaut -
Pages:
6
The share price fall yesterday was broadly proportional to the earnings downgrade which reflects a supply/demand imbalance in the market which has impacted both new and used margins in Q317 compounded by a double digit fall in volume brands. Whilst these market dynamics are likely to weigh on sentiment short term, Pendragon have a clear group strategy that is centred on self-help initiatives in the used car and aftersales markets where the group continues to build on market leadership. We bel