Pendragon have published a revised strategy update reaffirming the investment in its used car business and software platform to be funded through strategic disposals and lower capital commitments to the new car market. This includes the potential sale 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 cashrich group over coming years. Whilst the US disposal
05 Dec 2017
Strategy update; scenario analysis
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Strategy update; scenario analysis
Pinewood Technologies Group PLC (PINE:LON) | 37.7 -0.1 (-0.4%) | Mkt Cap: 656.9m
- Published:
05 Dec 2017 -
Author:
Ben Thefaut -
Pages:
4
Pendragon have published a revised strategy update reaffirming the investment in its used car business and software platform to be funded through strategic disposals and lower capital commitments to the new car market. This includes the potential sale 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 cashrich group over coming years. Whilst the US disposal