Pinewood Technologies Group (PINE)

Sector:

IT Services

Index:

FTSE Small Cap

444.50p
   
  • Change Today:
      45.00p
  • 52 Week High: 477.00
  • 52 Week Low: 290.00
  • Currency: UK Pounds
  • Shares Issued: 100.54m
  • Volume: 412,812
  • Market Cap: £446.90m

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 444.50p
Change Today 45.00p
% Change 11.26 %
52 Week High 477.00
52 Week Low 290.00
Volume 412,812
Shares Issued 100.54m
Market Cap £446.90m

PINE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
57.79% below the market average57.79% below the market average57.79% below the market average57.79% below the market average57.79% below the market average
42.5% below the sector average42.5% below the sector average42.5% below the sector average42.5% below the sector average42.5% below the sector average
Price Trend
78.35% above the market average78.35% above the market average78.35% above the market average78.35% above the market average78.35% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average
Income Not Available
Growth
30.35% below the market average30.35% below the market average30.35% below the market average30.35% below the market average30.35% below the market average
35.9% below the sector average35.9% below the sector average35.9% below the sector average35.9% below the sector average35.9% 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 06-Jun-2025

Time Volume / Share Price
17:07 11,000 @ 444.50p
17:00 10,000 @ 445.38p
17:00 10,000 @ 445.83p
16:35 3,000 @ 444.50p
16:35 1,500 @ 441.50p

PINE Key Personnel

CEO William Berman
CFO Oliver Mann

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