Provident Financial Share Discussion Threads

[wad collector] 15/11/2010 15:34

No -all those June payments were just to pay the CGT on the options . Look at the dealings more carefully;

Chris Gillespie
17/09/2010 Sale 48741 849.49 414050 417076 0.321

Andrew Fisher
17/09/2010 Sale 49745 849.49 422579 532114 0.334

Peter Crook
17/09/2010 Sale 64511 849.49 548014 724991 0.459

Peter Crook
17/09/2010 Transfer In 126238 789502 0.584

Chris Gillespie
17/09/2010 Transfer In 95379 465817 0.344

Andrew Fisher
17/09/2010 Transfer In 97343 581859 0.43

Andrew Fisher
17/06/2010 Sale 27836 910.00 253308 484516 0.358

Peter Crook
17/06/2010 Sale 32231 910.00 293302 663264 0.49

Robert Hough
03/06/2010 Purchase 2000 822.00 16440 3425 0.003

John de Blocq van Kuffeler
03/06/2010 Purchase 5000 827.50 41375 14000 0.01

[envirovision] 15/11/2010 13:29

Looks like the CEO and FD managed to get shot in good time.


P Crook ceo 17/9/10 sale 64.5k £548k
A C Fisher fd 17/6/10 sale 27.8k £253k
P Crook ceo 17/6/10 sale 32.2k £293k
A C Fisher fd 10/6/09 sale opt 98.5k £788k
P Crook ceo 10/6/09 sale opt 114k £915k
A C Fisher fd 4/6/09 sale opt 19.4k £154k
P Crook ceo 4/6/09 sale opt 22.5k £178k


Do you think they were mugs as well?

[wad collector] 15/11/2010 13:01

They can't have mine. I think that mugs are selling.Ooh look it's being shorted , better get out quick.

[montyhedge] 12/11/2010 13:57

Do they know something, they have this spot on.

[montyhedge] 12/11/2010 13:56

Hedgies shorting this out of sight.

[wad collector] 10/11/2010 14:24

Make sure you hold on to your wife then!
Brokers latest;

2010 2011
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Panmure Gordon
09-11-10 BUY 138.00 75.10 63.50 153.00 83.70 67.00
Arden Partners
05-11-10 NEUT 136.50 73.50 63.50 149.50 80.10 64.10
Shore Capital
05-11-10 BUY 142.10 78.10 63.50 157.90 85.90 63.50

If they do pay 67p divi next year that is 9%.

[b1gman2] 09/11/2010 13:20

I've just reinvested in Prov today, they are a company well known to me, they are local, I used to be a supplier to them many years ago. They are well run, they know how to control their business and the recent weakness in price is a result of short sellers, nothing fundementally wrong with them. I'll hold med-long term in the Wife's ISA and also her SIPP.

[wad collector] 08/11/2010 18:07

My 731 Buy limit bit this afternoon - now holding heavy with Prov , but squirreled away for another year.

[bench2] 05/11/2010 10:47

PFG and SUS provide an essential service and are very well run and experienced . But I agree this is ex growth biz , hence the high div payout ratios. Far better run than most banks put together so only buy at bottom of the trading range and keep clipping the coupons . For growth investors the AIM quoted pawnbrokers are still worth a look but thay have preformed well already.

[jonwig] 05/11/2010 10:42

IC has an article (see Tips - viewable without registering) about PFG withdrawing from a proposed eurobond issue this week. It caused a sell-off in the 7% retail bonds and in the ords.

Some day I'll be a buyer here, but the fall against the market is a bit unsettling.

[wad collector] 05/11/2010 10:36

One small director buy yesterday won't stop the latest bout of shorters I suspect, but a Sell note in the London Evening Standard will encourage them.
Personally I am happy if it drops enough to collect some more.It'll go up again.

[wad collector] 03/11/2010 13:15

Just put a limit buy in today for 731p ; don't know if it will drop that far this week but I am happy to collect if it does.

The latest broker guesses are positive , and that was when they were around £8

2010 2011
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Panmure Gordon
02-11-10 BUY 138.00 75.10 63.50 153.00 83.70 67.00
Numis Securities Ltd
02-11-10 BUY 141.20 79.60 63.50 161.70 89.00 71.80
Arden Partners
01-11-10 NEUT 136.50 73.50 63.50 149.50 80.10 64.10
Evolution Securities Ltd
29-10-10 BUY 146.50 79.00 63.50 157.00 83.70 66.50
Shore Capital
29-10-10 BUY 142.10 78.10 63.50 157.90 85.90 63.50
W H Ireland Ltd

[wad collector] 02/11/2010 18:02

They go ex 25p dividend tomorrow ; I was hoping to pick up some more today but it missed my limit. I am not bothered by the short term potential losses : I suspect most holders are here for the long term.Hope the shorters lose a few fingers though!
If you look back in the RNS history , these are often being shorted over the last 2 yrs ; ever since the disclosure rule changed.The recent ones don't seem any more frequent than other periods - there are literally dozens of short selling disclosures every quarter here.

[wllmherk] 27/10/2010 08:02

seems to be a lot of short positions in PFG at present. I suspect we are going to see a big fall from here. The Ftse looks toppy and needs to correct a bit before Santas rally takes place.

[wllmherk] 26/10/2010 16:37

any reason for the late collapse in the share price ?

[wad collector] 22/10/2010 10:04

In some ways , the reticence of the banks to lend in this era contributes to PFGs strength.As you say, not many options.

[wilsonn] 22/10/2010 09:20

PFG is an income share and it will continue to have a strong income because its customers can't budget. The alternative to PFG is people with baseball bats.

It's as boring a business as they come.

[taylor20] 22/10/2010 08:58

Close to £10m shares traded in the last month, presumably this is what has been driving the price down. We should get an RNS which might clarify the situation (any more shares to be dumped?).

Can't say I'm looking for huge growth here (that's one of the things that tripped Cattles up), just a steady yield with slowly increasing cover.

Trimmed back my holding to a token amount on yesterdays drop. It has cost me in the short term, but I'm vary wary of taking management on their word after the Cattles debacle.

I'm always wary when two shares in the same sector have very divergent share price performance (SUS vs PFG).

[evox] 22/10/2010 08:50

No, it looks good to me and a good opportunity for me to top up yesterday so close to xd. I think demand for credit will increase rather than be hit by the spending review.

[wllmherk] 22/10/2010 08:31

might have misjudged that slightly

[wllmherk] 22/10/2010 07:37

read the statement this morning. Looks like we have further to fall.Growth looks limited for the next few months at least.

[wllmherk] 21/10/2010 11:28

lets hope its positive or it could be a blood bath. I wondered if the comp spending review was the reason. Cutting benefits will hit PFG customers ?

[wilsonn] 21/10/2010 10:24

There is a management statement on 22nd October. Price movement ahead of that looks lead by the shorters.

[wllmherk] 19/10/2010 16:38

its nice to be aboard Wad, for the divi alone. Between PFG and my holding in NG my capital is yielding approx 7%. Thats mouthwatering in the current climate.Both pretty safe too. (touch wood, fingers crossed)