Pinewood Technologies Group (PINE)

Sector:

IT Services

Index:

FTSE Small Cap

521.00p
   
  • Change Today:
    -9.00p
  • 52 Week High: 539.00p
  • 52 Week Low: 290.00p
  • Currency: UK Pounds
  • Shares Issued: 115.10m
  • Volume: 99,976
  • Market Cap: £599.67m
  • Beta: 0.02

Pendragon sells UK motor, leasing arm for £250m

By Frank Prenesti

Date: Monday 18 Sep 2023

LONDON (ShareCast) - (Sharecast News) - Car dealership operator Pendragon on Monday said it was selling its UK motor and leasing business to US firm Lithia for £250m.
The two companies also agreed to form a partnership including the rollout of Pinewood - Pendragon's dealer management software (DMS) business - to Lithia Motors' existing 50 UK sites and create of a joint venture to accelerate Pinewood's entry into the North American DMS market.

Pendragon said £240m of the sale proceeds will be returned to shareholders. The company will also spin out the DMS business and change its name to Pinewood.

Reporting by Frank Prenesti for Sharecast.com

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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 521.00p
Change Today -9.00p
% Change -1.70 %
52 Week High 539.00p
52 Week Low 290.00p
Volume 99,976
Shares Issued 115.10m
Market Cap £599.67m
Beta 0.02

PINE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
60.87% below the market average60.87% below the market average60.87% below the market average60.87% below the market average60.87% below the market average
53.25% below the sector average53.25% below the sector average53.25% below the sector average53.25% below the sector average53.25% below the sector average
Price Trend
85.14% above the market average85.14% above the market average85.14% above the market average85.14% above the market average85.14% above the market average
90.12% above the sector average90.12% above the sector average90.12% above the sector average90.12% above the sector average90.12% above the sector average
Income Not Available
Growth
29.79% below the market average29.79% below the market average29.79% below the market average29.79% below the market average29.79% below the market average
41.33% below the sector average41.33% below the sector average41.33% below the sector average41.33% below the sector average41.33% below 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 20-Aug-2025

Time Volume / Share Price
16:35 145 @ 521.00p
16:35 88 @ 521.00p
16:35 90 @ 521.00p
16:35 95 @ 521.00p
16:35 88 @ 521.00p

PINE Key Personnel

CEO William Berman
CFO Oliver Mann

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