Provident Financial Share Discussion Threads

[deadly] 13/1/2022 17:10

No interest here?

- The Group's trading performance for the fourth quarter of 2021 continued to track ahead of management expectations driven by favourable macroeconomic conditions and demand for credit from customers. As previously indicated, the Board intends to declare an ordinary dividend of approximately 30% of adjusted ongoing earnings (1) in respect of FY'21 and anticipates providing guidance for a longer-term, progressive dividend policy with the FY'21 results.

[wad collector] 22/12/2021 12:59

Bit of a sustained share price recovery today ; only news I can find is the writing off of the Satsuma and Home Credit outstanding loans on Monday. Can't see much good about that for Prov!

[jimbobs147] 25/11/2021 19:30

Schroders increased their holding this week.

[wad collector] 25/11/2021 15:18

sharp movement upwards today , £4 soon , wonder why?

[jimbobs147] 22/10/2021 11:38

For sure, strange how it bounced when they revised the update to say the dividend would be paid out of net profit and not gross profit as first stated?

[russ1983] 22/10/2021 11:24

very strange how no reaction yesterday morning but now up 10% since with another nice rise today, should be way higher than this with dividends to be restored

[bbarry8] 22/10/2021 10:49

Or just a delayed reaction

[wad collector] 21/10/2021 18:56

I read the first version of the TU , and thought it rather vague to suggest a future dividend payment based on unstated profits. And then I saw the updated version of the update and they are slightly more precise about the vague intention.
"If it turns out that we make a lot of money this year then you can have some of it"

[jimbobs147] 21/10/2021 12:43

Good news already in the share price Barry.

[bbarry8] 21/10/2021 10:07

No idea how this isn't up by more today

[deadly] 21/10/2021 08:56

good TU today:

"The Group's trading performance during the third quarter improved significantly as a result of more favourable macroeconomic conditions......

[wad collector] 25/8/2021 11:01

Amigo announced dire results and close to liquidation today. The news of the ill-fortune of a competitor would normally be a cause for celebration , but I suspect that instead it reminds how risky the sector remains.

[bbarry8] 12/8/2021 01:08

Hasn't been huge demand for credit, plus prudent underwriting as they weather CCD closure. Makes sense to avoid impairing capital base, which would obviously be very negative. I agree with jim £5 seems about right near term, see potential value up to £7 once they cut CCD and capital position starts growing, which leads to higher receivables, and higher profit. Risk is it gets taken out beforehand now that a cleaner business.

[1cutandrun] 11/8/2021 22:42

I read this report when it was released at 7am and ready with my finger on the button to sell at 8. You never know how the city is going to react and was shocked when the shares opened up. We all knew the home credit situation would have an impact on this report and the city would have taken this into consideration. My biggest concern with todays report is the amount of customers Vanquis Bank have lost, 157,000 down 9.3%, that's a huge amount and very worrying. They need to increase the customer base quickly and that is why they are going to introduce a mid cost credit product. PFG have always set their customer target at 2 million. They had better pull their finger out, otherwise they are going to have a big problem on their hands.

[jimbobs147] 11/8/2021 19:26

Heady even

[jimbobs147] 11/8/2021 19:25

Not sure we'll get back to those kind of heavy heights but I'm hopeful of £5 by Christmas.

[wad collector] 11/8/2021 17:49

Hope you are both right, no other disasters ahead. I am one of those suckers who increased my holding during the good years here , enjoyed big dividends but then should have sold as it started to slide. Think I average about £20 !

[bbarry8] 11/8/2021 13:58

Pretty easy to value, still cheap as chips.

[jimbobs147] 11/8/2021 10:12

CCD is being closed down, scheme of arrangement been approved by the court so by 2022 there will be no leaks to plug.

[wad collector] 11/8/2021 09:50

The success of Vanquis and Moneybarn is clearly such a contrast with the rest of the company it is hard to value. Pumping water into a leaking Dam . Which will prevail?

[deadly] 11/8/2021 08:57

Market seems to like the results:

"Group adjusted ongoing profit before tax (PBT), excluding CCD, of £63.5m (H1'20 restated PBT: £4.9m) reflects a reduction in impairment and costs year-on-year which combined to offset the fall in revenue."

[bbarry8] 04/8/2021 15:36

Scheme approved, line drawn under CCD. Far easier money to be made here than messing around with Amigo. Could easily see £5-7 over next 12-24 months IMO.