Pendragon has a clear strategy to build its used car business and software platform 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 which would contribute to a planned £200m swing from a net debt position to a cash rich group over coming years. Whilst market conditions in new cars will remain tough short term, we believe the fundamentals around the growth of the 1-6 old UK parc i
13 Feb 2018
Strategic catalysts for share price recovery
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Strategic catalysts for share price recovery
Pinewood Technologies Group PLC (PINE:LON) | 38.9 -0.1 (-0.5%) | Mkt Cap: 677.3m
- Published:
13 Feb 2018 -
Author:
Ben Thefaut -
Pages:
7
Pendragon has a clear strategy to build its used car business and software platform 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 which would contribute to a planned £200m swing from a net debt position to a cash rich group over coming years. Whilst market conditions in new cars will remain tough short term, we believe the fundamentals around the growth of the 1-6 old UK parc i