Interim results support our full year forecasts – no change to estimates. 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
07 Aug 2018
H118 results
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H118 results
Pinewood Technologies Group PLC (PINE:LON) | 38.4 0 0.1% | Mkt Cap: 669.9m
- Published:
07 Aug 2018 -
Author:
Ben Thefaut -
Pages:
6
Interim results support our full year forecasts – no change to estimates. 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