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Pendragon- Hedge fund buys almost 29.9%

February 2012

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • PDG
  • Price:
  • 10.5p
The UK has probably fallen into recession, which most economists believe will prompt the Bank of England to print even more money. With the quantitative easing continuing some brave investors are beginning to have a bigger appetite for risk on the basis that all the additional cash sloshing about in the system will eventually lead to a recovery in consumer confidence. Fully Listed Pendragon (PDG; 10.5p) is one such company where London hedge fund manager Crispin Odey has taken a bullish view. Odey had been a 17% investor prior to a deeply discounted fundraising in July but has since topped up his holding to 29.9%, the maximum permissible before you have to launch a bid. Certainly if history repeats itself and the shares perform as ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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