Provident Financial Share Discussion Threads

[pillion] 30/7/2012 16:17

I'm holding for the long term

[warrensearle] 30/7/2012 12:25

Yeah I got suckered and sold the lot a few days before results announced too much short activity and I lost my nerve... I still think long term they may struggle if the downturn extends and impacts the real economy default rates will soar.. But for now and as per bloody usual I made the wrong move!

[pillion] 30/7/2012 10:30

........is developing a multi-decade base formation.........

[wad collector] 24/7/2012 21:12

Prov has been consistently one of the most shorted companies of recent yrs ; it can become a self-fulfilling prophecy if enough punters or bots get scared and sell when enough shorters appear.
I never short , but I have been able to pick up Prov cheaply a few times on these plunges.I might unload some more this week if the newshounds spread a few broker tips , which wouldn't be surprising.

[pillion] 24/7/2012 11:44

....running for cover......

Why on earth did they short; with update due and a Gold Cross on the lovely chart ?

Could it be that they were pair trading with the Footsie ? see chart in header how PFG is diverging from FTSE AFX

[wad collector] 24/7/2012 11:24

Wow , that is impressive, shame I sold a load at 1217p.Fortunately, I have a lot more that I didn't.
I suspect the brokers will suddenly notice this now.As you say Pillion , the shorters must be running for cover.

[pillion] 24/7/2012 09:38

Lansdowne -- feeling the pain ??

[win2000] 19/7/2012 16:26

Looks going for £13. Interim results next week.

[pillion] 07/7/2012 10:46

Provident Financial plc confirms that its Half-Yearly Financial Report for the six months ended 30 June 2012 is scheduled to be released at 7.00am on Tuesday, 24 July 2012

[wad collector] 29/6/2012 11:35

Couldn't resist selling a lump at 1217p.
Seems a reasonable prospect of buying back soon as it has been a bit vulnerable to shorters.

[wad collector] 28/6/2012 09:54

No , breaks my heart.
This is standing up very well to the market turmoil.I keep having to dissuade myself from selling some and buying some other blue chips that have dropped.

[pillion] 28/6/2012 08:11

The shorting gang aren't having much fun

[northernlass] 26/6/2012 09:10

WHAT THE BROKERS SAY


03 May 2012

Peel Hunt retains its BUY rating for Provident Financial with a target price of 1,290.00

Numis reiterates its BUY recommendation for Provident Financial with a price target of 1,321.00



08 June

RBC Capital Markets upgrades Provident Financial from Sector Performer to Outperform with a price target of 1,250.00

Source:



P.S.

Here's a couple of links about SCLP, one of the hottest stocks at the moment:

[wad collector] 19/6/2012 17:29

Don't like changing history.

But you are right..

[pillion] 19/6/2012 15:53

Waddy
Why not delete your post 292 as it is incorrect ?

[wad collector] 19/6/2012 10:42

Oops , I guess it lost something in translation from Hungarian! As you say , wrong company.( Like many I hold both so didn't notice)
I like this months strong share price recovery ; always encourages me to see the shorters appearing.This company is so much better than any of my other financial stocks.

[asmodia42] 18/6/2012 16:54

wad collector,
your source appears to be unable to distinguish between PFG & IPF, which are now run as two separate listed companys

[pillion] 03/5/2012 22:34

Goes ex divi of 42.3 pence on 16/05/2012

[wad collector] 02/5/2012 16:19

...£12 breached just before the close.

[wad collector] 02/5/2012 13:11

As you say;

"The group has started 2012 well. Credit quality in both businesses remains good and the Home Credit business has delivered a sound collections performance through the first four months of the year. Delinquency levels at Vanquis Bank remain at record lows and the business continues to generate strong growth and margins. The group is on track to deliver good quality growth for 2012.

The group's funding position is extremely robust, allowing the group to execute in full on its growth plans into 2015."


I wonder how the shorters are feeling today?
I was originally going to unload some WHEN it reaches £12, but am now going to sit on my hands.This is turning into a capital AND growth share.It is still not expensive looking at P/E and yield.Xd 42p in 2 weeks .

If the following forecasts are correct , you can yield 6.6% next year .
2012 2013
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Numis Securities Ltd
30-04-12 BUY 170.90 95.60 72.90 188.70 106.60 79.60
Shore Capital
27-04-12 BUY 175.80 98.10 75.00 185.00 104.60 80.00
Peel Hunt
24-04-12 BUY 178.01 97.94 75.00
SG Securities
23-04-12 BUY

I sound like a ramper but don't believe such BB postings have any effect on the share price as no fund managers read them.

[pillion] 20/4/2012 11:05

.....Hold and prosper....

Indeed - get rich slowly