Pendragon has communicated a clear strategy focused on investment in its used car business and software platform to be funded through ongoing cash flow, strategic disposals and lower capital commitments to the new car market. This includes the disposal of the group’s US Motor Group. We have modelled the implications of successful implementation of this strategy which would result in a £200m swing from a net debt position to a cash-rich group over coming years. Whilst the US dispos
06 Jul 2018
Strategy driven inflection point!
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Strategy driven inflection point!
Pinewood Technologies Group PLC (PINE:LON) | 37.7 -0.1 (-0.4%) | Mkt Cap: 656.9m
- Published:
06 Jul 2018 -
Author:
Ben Thefaut -
Pages:
9
Pendragon has communicated a clear strategy focused on investment in its used car business and software platform to be funded through ongoing cash flow, strategic disposals and lower capital commitments to the new car market. This includes the disposal of the group’s US Motor Group. We have modelled the implications of successful implementation of this strategy which would result in a £200m swing from a net debt position to a cash-rich group over coming years. Whilst the US dispos