Market's view on Pinewood Tech
Published on April 2024
- Schroders has acquired an initial 6.6% stake in a company.
- Zeus forecasts a 27m EBITDA for FY27, with a market cap of 270m.
- Lithia has invested fresh funds at the equivalent of 10.3p per share, which post consolidation becomes 206p.
- The company, previously viewed as a car dealer, is now rated as a technology stock and has a joint venture with Lithia, which holds a 17% share. Lithia plans to implement the company’s technology across several hundred of their dealerships.
- The UK market sees potential for growth, particularly through a more positive perception of the company compared to Pendragon.
- Discussion about the impact of dividends on stock price, specifically how the share price adjusts post-dividend.
- Clarification on special dividends and share consolidation, including how fractional shares are treated post-consolidation.
- Concerns noted about incorrect stock listings affecting perceived portfolio gains or losses.
- Issues reported with online dealing, specifically with the investment service HL.
- Transfer of investments noted, with funds moving towards Greencore, a manufacturer for high street retailers.