Pinewood Technologies Group (PINE)

Sector:

Retailers

Index:

FTSE Small Cap

367.50p
   
  • Change Today:
    -6.50p
  • 52 Week High: 795.00
  • 52 Week Low: 313.05
  • Currency: UK Pounds
  • Shares Issued: 87.12m
  • Volume: 35,621
  • Market Cap: £320.15m

Pendragon said to have rejected £400m takeover approach from shareholder

By Michele Maatouk

Date: Monday 21 Mar 2022

LONDON (ShareCast) - (Sharecast News) - Car dealership Pendragon has reportedly rejected a secret £400m takeover approach from its largest shareholder.
According to Sky News, the Hedin Group - which operates 210 car dealerships in Belgium, Norway, Sweden and Switzerland - made a secret 28p-a-share approach for Pendragon several weeks ago.

It was understood that the approach was not disclosed to Pendragon's investors, and has been rejected by the board, which is chaired by Ian Filby.

Sky said there were suggestions this weekend that Hedin, which owns around 25% of Pendragon, was weighing whether to return with a further offer. Hedin has been a vocal critic of the company's board in recent times and last year described a bonus payment to chief executive Bill Berman as "out of tune".

Pendragon operates more than 150 dealerships across the UK under the Evans Halshaw, Stratstone and CarStore brands.

At 0810 GMT, Pendragon shares were up 24% at 26.98p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

PINE Market Data

Currency UK Pounds
Share Price 367.50p
Change Today -6.50p
% Change -1.74 %
52 Week High 795.00
52 Week Low 313.05
Volume 35,621
Shares Issued 87.12m
Market Cap £320.15m

PINE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
43.65% above the market average43.65% above the market average43.65% above the market average43.65% above the market average43.65% above the market average
48.72% above the sector average48.72% above the sector average48.72% above the sector average48.72% above the sector average48.72% above the sector average
Price Trend
26.24% below the market average26.24% below the market average26.24% below the market average26.24% below the market average26.24% below the market average
30% below the sector average30% below the sector average30% below the sector average30% below the sector average30% below the sector average
Income Not Available
Growth
12.53% below the market average12.53% below the market average12.53% below the market average12.53% below the market average12.53% below the market average
25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average

PINE Dividends

  Latest Previous
  Special Final
Ex-Div 23-Apr-24 18-Apr-19
Paid 07-May-24 30-May-19
Amount 24.50p 0.70p

Trades for 24-Jun-2024

Time Volume / Share Price
13:54 6,237 @ 365.08p
13:02 1,500 @ 365.66p
12:02 145 @ 367.50p
11:58 290 @ 370.00p
11:58 76 @ 367.17p

PINE Key Personnel

CFO Mark Simon Willis
CEO William Berman

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