Friday, November 30, 2007
Pendragon directors snap up shares
Pendragon directors snapped up shares yesterday amid investor concern as the value of the UK’s largest dealer group was slashed by almost a third.
In the wake of Tuesday’s fourth profit warning in little over a year, Pendragon's share price plummeted by more than 30 per cent to a yearly low of 37.75 pence – handing the company a market value of £265m compared to £500m in July.
Pendragon’s executive board have all been quick to increase their stake in the struggling company.
DATED: 30.11.07
FEED: MT
