Provident Financial Share Discussion Threads

[glenkaz] 13/10/2017 14:30

Now can we pass 920 please 🤡👍

[nw99] 13/10/2017 13:25

Just doubled up my bet

[umitw] 13/10/2017 13:12

Just added another 500 shares . A bit cautious to buy 1000..!

[glenkaz] 13/10/2017 13:11

Afternoon booooooooom 🔥🚀

[nw99] 13/10/2017 12:13

Time to go long have bought in here target on chart £18

[glenkaz] 13/10/2017 11:53

Needs a boooooooooost!!! 🔥🚀

[kmann] 13/10/2017 11:52

Yes, volatile, and should be easily tradeable, numis still on a BUY.

Any further upward move will see this clearly past 1000p.

This should be the simplist turnaround recovery strategy in history imo. They tried to fix was wasn't broke, the solution is obvious. Any fine is not going to break them. Woodford going to keep buying imo.

[smurfy2001] 13/10/2017 11:52

The volatility here could give you whiplash o.O

[walbrock82] 13/10/2017 11:00

WOW! A ridiculous and stunning admission in their trading statement all at the same time (mostly their CCD division). Here are my final thoughts:

Overall this looks like a tempting recovery play after “self-inflicting” their business model and causing grief and reputational damage for the firm.
2017 will be a washout, but markets are forward-thinking and I get the vibe it might recover in 2018 as the problem is fixable. So, at £8 per share, this is a stonking buy.
Provident Financial won’t suffer a deposit outflow because of FCR deposit guarantee of £85k (I think). And with customer deposits surpassing £1.2bn, this protects them from short-term market borrowings. The suspension of dividend helps to conserve cash.
I can see a minimum 100% upside in a years’ time if the recovery remain on course.
My downside is the uncertainty of ROP fines, inconsistent improvements in CCD division (though this is unlikely) and the UK or world economy start suffering their second financial crisis.
Other than that, it looks like a Buy to me. And peeking at the share price investors got the same vibe as I have.

If you want to read the full analysis and other companies’ analysis, those who have released updates and results today, then click

[umitw] 13/10/2017 10:46

MA is 884p should bounce from there IMO

[umitw] 13/10/2017 10:43

Glen you would expect some pullback after such a rise. It may still go up in the afternoon!

[glenkaz] 13/10/2017 10:17

Well let's bounce over 10 this morning 🔥🚀

[umitw] 13/10/2017 10:14

IG is predicting short term bounce to £12

[cellular3] 13/10/2017 09:57

Hopefully will mirror glencore and fenner recoveries

[glenkaz] 13/10/2017 09:57

Can really see a big push coming!! Lots more screaming please 🔥😱 should be way higher and will definitely imo! Blasting off to breakout 🔥🚀

[glenkaz] 13/10/2017 09:27

Hey top of lse leader board 🤡✌A039; Think we will push past 10 today and with xmas coming up we'll 🔥🚀

[chrisgail] 13/10/2017 09:20

The key of course is some of the customers do not 'pay ' hence why the APR needs to be where it is. That's our business managing that risk.

[umitw] 13/10/2017 09:19

Bookbroker it is a business- people don't have to borrow! Because they are high credit risk that's the only way they can borrow! It's unsecured short term loan!

[bookbroker] 13/10/2017 09:13

Moneybarn is an absolute racket, they may help people get car loans, but the APR rates are exhorbitant, sub prime are better off spending no more than £2K on a car, it’s no wonder these people are hard up, paying rates of 30%+, or £250 a month on a £5K loan over 36 months!

[glenkaz] 13/10/2017 09:11

🔥💀 now woody open your 👛 we like it! Over 10 imo! Let's have a really positive call! 🔥🚀

[umitw] 13/10/2017 09:08

It's going to be a choppy day

[russell250] 13/10/2017 09:04

shorts will need to close - as sufficient cash to pay vanquais fine - Barclays call wed looks daft now --

[umitw] 13/10/2017 09:03

Could be up 25% today

[chrisgail] 13/10/2017 09:00

As always how the shorts react will set the Market psychology. If they start closing we are going to see some very serious gains.

[glenkaz] 13/10/2017 08:59

Auction!! First of many 🤡✌A039; How many shorts need to close 🤔 Ha ha ha ha! 🔥🚀