Pendragon released a trading update last week that increased its guidance for FY21 underlying PBT to £55-60m, up from £45-50m in the June pre-close update. The Group attributes this to the continued momentum in the used car market throughout July as we have seen across the sector and is also backed up looking at the latest data from CAP HPI. As a result of this update, we have increased our FY21 underlying PBT forecast by 18.6% to £55.6m. We have not upgraded our forecasts in the outer years ref ....
03 Aug 2021
Pendragon plc (PDG LN) - Joining the upgrade pack
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Pendragon plc (PDG LN) - Joining the upgrade pack
Pinewood Technologies Group PLC (PINE:LON) | 312 59.4 6.4% | Mkt Cap: 5,444m
- Published:
03 Aug 2021 -
Author:
Rachel Birkett, CFA -
Pages:
7
Pendragon released a trading update last week that increased its guidance for FY21 underlying PBT to £55-60m, up from £45-50m in the June pre-close update. The Group attributes this to the continued momentum in the used car market throughout July as we have seen across the sector and is also backed up looking at the latest data from CAP HPI. As a result of this update, we have increased our FY21 underlying PBT forecast by 18.6% to £55.6m. We have not upgraded our forecasts in the outer years ref ....