Share Name Share Symbol Market Type Share ISIN Share Description
Provident Financial Plc LSE:PFG London Ordinary Share GB00B1Z4ST84 ORD 20 8/11P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.20 0.07% 272.80 272.20 273.20 274.40 269.40 274.40 100,912 09:09:53
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonequity Investment Instruments 998.3 128.8 33.3 8.2 695

Provident Financial Share Discussion Threads

Showing 4226 to 4247 of 4250 messages
Chat Pages: 170  169  168  167  166  165  164  163  162  161  160  159  Older
Why RIP lol ?
RIP consumer credit in the UK...
For smarter folks than I...Should they bin the CCD business? What would the valuation be like for a standalone Vabquis and Moneybarn. Liquidity used to be a key issue for this business, but the banking license changed that fundamentally. Assuming capital base isn't overly impaired through this cycle, with ongoing access to liquidity, does the price accurately reflect the upside / downside, or is it more skewed to the latter at these levels?
the trading update has always been around the 2nd/3rd week of Jan for the past 5 years but no mention on their website.... we really need an update as the share price continues to fall
Anyone know when we expect a trading update? Last year it was on the 15th January.
Icutandrun . You could use that as theory on stimulus too :-).. I pleased for you with your trade . I will read that last report a bit more thorough and we should chew the cud which way to lay the next wager :-).. The bit that caught my eye was the 80 per cent of home collected had converted to online loans ?????.. :-) I think we best wait for that report before any purchases. I do think perhaps PFG will ultimately benefit as smaller players must surely fold ? . Don't forget I am standing you a pint of mild when I am a millionaire Regards
The leaky bucket theory. You have a hole in your bucket and it's half full of water. Regardless how big the hole is, you have to keep filling it up with the same or more water to keep the level up. Problem is you can't fill the bucket up quick enough and the level is going down. That water is customers. Less customers means less sales and less sales means less collections. That's what home credit is facing.
Hello my friend. Good to hear from you. Hope you are keeping well. Looks like the brainless have killed the chat on here. I was holding stock at an average of £1.68 and kept buying every time they went down 5p. My last purchase was at £1.55. I eventually sold at £3.16. I also bought into IPF and sold at 95p. I'm in two minds on PFG at the moment. The biggest problem is the Annual Report which is due, I think next month. It's not going to be good and depends how bad it is. You know, home credit will take the biggest hit and every time they lock down it impacts this area more than their other services. How is the city going to react to this report, who knows. I'm sitting back to see what happens.
Icutandrun PS Regards 😄
Gone a bit quiet here (Maybe a good thing) as the share price quietly creeps back up. Jimbobs I need about another £20 to be back in the blue (Black?!), so not holding my breath.
wad collector
Good rise today pass 310Hopefully see 400p soon.
£4.53 until I'm back in the black, going to have to be a deal to end all deals and a miracle on the Covid front for me.
300 reached today. Hopefully patience will pay off here. Just need a brexit leave deal sorted and hopefully not too long to wait to 400+
babycheeky you from wimbledon
Who is this babycheeky
Game set and match.
LOL Once again dave uses his 3 extra handles to give himself 3 green ticks. dave we can all see through you and what a dishonest person you are.
Some profit taking today by the looks of it.
His usual 3 green ticks from 3 of his other handles he used on CNA when peddling his lies and slander.
You don't have an idea disodave4.
Nice to see it go above 300 early this morning, hopefully further attempts to break this will follow in time.
Yesterday ; third Quarter Trading Update 4 November, 2020 Provident Financial plc ('the Group') is the leading provider of credit products to consumers who are underserved by mainstream lenders. Today's statement covers the Group's trading from July to the end of September. Malcom Le May, Chief Executive Officer, commented: "The Group continued to trade in-line with internal plans during the third quarter and remains on-track to meet market expectations for 2020. Our capital and liquidity are a source of competitive advantage and we remain vigilant for possible economic shocks, including those caused by further local and national lockdowns. Such measures will inevitably have an impact on customer expenditure patterns and loan origination. As I have expressed previously, I am immensely proud of how the Group has responded to the challenges of the Covid-19 pandemic and supported the financial needs of our customers throughout. The innovations each of our businesses introduced, and the collective effort of my colleagues across the Group, leaves us in a strong position operationally but considerable uncertainty remains." Highlights -- The Group continued to trade in-line with management's expectations during the third quarter and remains on-track to meet market expectations for its financial year to December 2020. -- At the end of September, the Group's balance sheet position remained robust. Regulatory capital of c.GBP700m equates to headroom of c.GBP200m above minimum regulatory requirements and a CET1 ratio of c.36%. Total liquidity at the end of September was c.GBP1.1bn. Headroom on committed facilities at the Group was c.GBP180m and c.GBP700m at Vanquis Bank. -- Vanquis Bank delinquency trends were stable during the quarter and payment holiday take-up continued to reduce to less than 1% of customers at the end of September. As expected, customer booking volumes for the quarter were lower year-on-year, in-line with the tighter underwriting standards enacted earlier in the year. Customer spend increased by c.31% on the previous quarter but remains c.15% lower year-on-year, in-line with trends seen across the credit card market. -- Moneybarn continues to see strong levels of demand for used vehicles across its markets and new business volumes during the period increased significantly on the previous quarter. Payment holiday take-up at the end of September was c.1.5% of customers with a vastly reduced take-up trend. -- In Home Credit, collections performance remained strong and has now aligned to pre-Covid levels, with the proportion of collections being done via remote methods being over 80%. Home Credit lending to existing customers was over 70% of normalised third quarter levels and new customer lending was c.60% of normalised levels, reflecting the impact of tighter lending criteria. The consultation to reduce headcount within the home credit business is complete and will result in annualised cost savings of c.GBP13m with exceptional costs to achieve of c.GBP2m in 2020. As seen across the sector, home credit experienced an anticipated increase in customer complaints during the period, which are expected to remain within 2020 forecast levels. -- The Group continues to adapt to a changing regulatory environment. Vanquis Bank has responded to the Financial Conduct Authority's (FCA) paper on persistent debt and Moneybarn is working towards appropriate customer outcomes following FCA guidance post-Covid-19. CCD is working with all stakeholders following the FCA's review of relending practices in the high-cost credit market and following heightened customer complaints activity, in common with the sub-prime sector. The Group will continue to engage with its customers, and provide support where necessary, following the recently announced six month extension to payment holidays by the FCA. Malcom Le May, Chief Executive Officer, continued: "Turning now to the performance of the Group during the quarter, delinquency trends across the businesses were stable and the take-up of payment holidays continued to be lower than our initial expectations. New business volumes increased during the period and, importantly, we are well positioned for the traditionally busier fourth quarter. In the context of the trends seen in the sub-prime market, including the impact of Covid-19, the FCA's industry-wide relending practices review and heightened customer complaint activity across the sector, I have asked the new Managing Director of CCD, Hamish Paton, to undertake an operational review of the division. This will ensure that the business is best positioned, in the context of these industry dynamics, to return to delivering long-term sustainable profitability, whilst continuing to focus on good customer outcomes. Brexit has taken a back seat in many people's minds during the Covid-19 pandemic. However, we continue to work on the structure of the businesses within the Group and, as part of that, to ensure the most efficient corporate structure for our Republic of Ireland business post-Brexit. Finally, I have resumed my position as CEO this week and I would like to thank my colleagues across the Group for their hard work, and kind messages of support, during my absence. In particular, I would like to thank Patrick Snowball, our Chairman, for kindly agreeing to take the reins and ensuring the continuous support for our customers. We are working towards our financial and operational objectives, as well as helping to put our customers on a path to a better everyday life. I look forward to updating the market on our progress in due course, which will come in the form of our preliminary results next year."
wad collector
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