Provident Financial Share Discussion Threads

[biggcl] 10/5/2013 17:54

I agree but after that report I'm hoping for something even lower.

With a bit of luck in time for the x-div date Wednesday a week!

[wad collector] 10/5/2013 15:54

I just bought a lump back at 1550p.
They have been unfashionable good earners for yrs .

[biggcl] 09/5/2013 13:39

The word "weak" occurs quite often to describe the main business.

[davr0s] 09/5/2013 12:24

Why have they released IMS middle of trading day and not at 7 like everyone else seems to? Don't think that will have helped short term sentiment

[wad collector] 09/5/2013 12:12

Surprising drop after interims - look solid. Buytime?

[birdsedgeuk] 24/4/2013 22:12

Just been reading my favourites.After seeing it on traderdiary.co.ukLooks solid and not a bad price

[wad collector] 07/3/2013 14:32

Unloaded the last of my holding this morning at 1575p.
I may be wrong , but wanted to put paper profits into cash and will await a shorter-driven drop in share price

[wad collector] 26/2/2013 13:01

The results are impressive but the market is not impressed - currently down 5%.
Sadly not down enough to let me buy some more.


Provident Financial PLC
26 February 2013
Provident Financial plc
Preliminary results for the year ended 31 December 2012
Provident Financial plc is the market-leading provider of home credit in the UK and Ireland, with a successful, growing credit card business. Its operations consist of the Consumer Credit Division (CCD) and Vanquis Bank.
Highlights
Strong group performance and dividend increase
-- Profit before tax and exceptional credit up 11.7% to GBP181.1m(1) (2011: GBP162.1m).
-- Adjusted earnings per share up 13.8% to 102.0p(1) (2011: 89.6p). -- Customer numbers up 8.7% to 2.74m (2011: 2.52m) and average receivables up 12.1% to GBP1,322.1m (2011: GBP1,178.9m).
-- Total dividend per share up 11.9% to 77.2p (2011: 69.0p).
-- Capital generated(2) of GBP107.7m, in excess of dividends in respect of 2012 of GBP104.3m. Very robust group funding and liquidity position
-- Group fully funded into 2015.
-- Gearing stable at 3.2 times (2011: 3.2 times). Stable CCD result
-- Pre-tax profit of GBP125.1m (2011: GBP127.5m). -- Year-on-year receivables and customer numbers flat with credit issued tempered by pressure on household disposable incomes.
-- Trading result achieved through stable collections performance, continued application of tight credit standards and effective cost control.
-- Senior management strengthened to support growth initiatives. Very strong, profitable growth in Vanquis Bank
-- UK pre-tax profit up by 61.3% to GBP71.3m (2011: GBP44.2m). -- UK customer and average receivables growth of 30.1% and 37.4% respectively, reflecting step-up in customer acquisition programme targeted at under-served non-standard credit card market.
-- UK risk-adjusted margin(3) of 34.8% (2011: 35.0%), well ahead of minimum target of 30% with arrears levels running at record lows.
-- Guidance for medium-term potential size of UK business increased to between 1.3 and 1.5 million customers due to higher penetration of target market (previously between 1.0 and 1.2 million).
-- Pilot credit card operation in Poland progressing to plan with cost of GBP3.3m in 2012 and conclusion expected by the half year.
Key financial results

2012 2011 Change

Customer numbers 2.74m 2.52m 8.7%
Average receivables GBP1,322.1m GBP1,178.9m 12.1%
Profit before tax and exceptional
credit(1) GBP181.1m GBP162.1m 11.7%
Adjusted earnings per share(1) 102.0p 89.6p 13.8%
Final dividend per share 48.4p 42.3p 14.4%
Total dividend per share 77.2p 69.0p 11.9%

[call-logger] 18/2/2013 06:56

We haven't had the results yet - it will be declared then (26th Feb)

[stockrod43] 16/2/2013 23:25

anyone know when ex divi date is

[wad collector] 11/2/2013 10:50

For what it is worth ....


2012 2013
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Peel Hunt
08-02-13 BUY 185.00 101.61 76.00 203.23 114.74 85.00
SG Securities
08-02-13 HOLD
Numis Securities Ltd
01-02-13 HOLD 183.60 103.80 74.30 205.40 116.30 80.60
Shore Capital
01-02-13 HOLD 179.90 101.40 77.00 194.30 111.30 84.00
Canaccord Genuity Ltd
31-01-13 HOLD 175.30 98.10 73.80 191.10 105.90 77.00

It is heading to anew high this morning at 1475p. I am in two minds now ; probably will hold for long term but suspect significnat risk of a retracement.

[wad collector] 25/1/2013 12:14

Hitting new highs , in line with the market really. There seems to be an absence of shorters this time, which says something.

[wad collector] 17/1/2013 22:15

The CEO was in front of the commons accounts committee yesterday - thought he handled himself well in response to Margaret Hodge. Mind you , he was following the loans shark head of regulatory affairs of Wonga , so must have seemed an angel in comparison.
If the recent market recovery continues , this must be testing £15 soon.

[pillion] 07/12/2012 21:34

Make more £££; increase the dividend

Note that the latest interim has been increased

[mikejay] 07/12/2012 13:55

What next for provident? Buy Brighthouse maybe

[wad collector] 05/12/2012 14:23

2012 2013
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Peel Hunt
03-12-12 BUY 185.00 101.61 76.00 203.23 114.74 85.00
SG Securities
03-12-12 HOLD
Numis Securities Ltd
30-11-12 HOLD 188.90 106.80 74.30 213.50 120.90 80.60
Shore Capital
30-11-12 HOLD 177.80 100.20 77.00 192.60 110.30 82.00

[pillion] 12/11/2012 11:57

The shorters have had their wicked way; now running for cover

[pillion] 31/10/2012 18:33

I had forgotten about the divi

[wad collector] 31/10/2012 10:21

xd 28.8p today

[pillion] 18/10/2012 13:00

Waddy; PFG is a boring old share with hardly a comment on these Bull-boards

More a gran frock than glam rock share

but it does seem to creep onward and upward with a swelling healthy dividend

[wad collector] 16/10/2012 18:02

New closing high at 1420 ; my sell finger was twitching again until I realised I have sold 2/3rds of my holding already - I shall hold after all.

[pillion] 06/10/2012 22:48

Loan stock at the mo is 4.27%; not a high number



Lonmin is 48%
CARPETRIGHT PLC is 18%

AQP is 13% and falling quite quickly

I don't own any of the 3 above

Look at post 308; Mr Wong sees PFG as a sound long termer

........particularly on a breakout above 1400p.........