bullish
Pendragon Plc (PDG LN) - Wednesday, Jan 3, 2024
SUMMARY
- Pendragon sells UK car dealer and leasing businesses to Lithia Motors, leaving behind dealer management software segment Pinewood Technologies
- Dividend payout from sale proceeds leaves Pinewood with around 20 million GBP of net cash
- With Lithia Motors owning shares and potential for growth through software rollout, there is significant upside potential in Pinewood's valuation at a low multiple of 8x TTM EBITDA
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.
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