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Questions always questions at Pendragon

By Chris Bailey | Wednesday 23 March 2022


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


year ago I wrote “what a strange company is Pendragon (PDG)”, even if it is the second largest motor retailer in the United Kingdom. Of course if you purchased the stock, despite today’s c. 4% share price fall after the publication of its FY21 numbers, you would still be up over 40%. So well done if you ignored my scepticism (although my personal sector preference Vertu Motors (VTU) has almost risen 80% since then). But, as I noted with the latter here earlier on this month, it is getting tougher in the sector, which brings us back to Pendragon shares…

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