Share Name Share Symbol Market Type Share ISIN Share Description
Provident Financial Group 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
  +0.00p +0.00% 702.80p 700.00p 701.00p - - - 0 06:32:53
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonequity Investment Instruments 1,183.2 343.9 181.8 3.9 1,038.58

Provident Financial Share Discussion Threads

Showing 2776 to 2796 of 2800 messages
Chat Pages: 112  111  110  109  108  107  106  105  104  103  102  101  Older
DateSubjectAuthorDiscuss
19/1/2018
19:38
At least he didn't say there or their...
frteb
19/1/2018
17:38
Shore as sure can be. Got they're in the end...
paulmurphy777
19/1/2018
15:30
...are you shore ?
dexdringle
19/1/2018
08:14
Think Feb 27th will be material in more ways than one, if they need to sure up the balance sheet it will be done before then imo
paulmurphy777
19/1/2018
08:11
This is a day traders share now. With strong brown undies
ccnp
18/1/2018
23:02
Wad r u on different planet ?It lost 50% recently!
umitw
18/1/2018
20:59
No , because Bitcoin mostly goes up.
wad collector
18/1/2018
13:07
PFG share price is a bit like Bitcoin! LOL
umitw
18/1/2018
11:01
Personally trading this not investing feels like they have a long road ahead. Still waiting to see where this settles. Still shorted heavily so might be able to ride some of the volatility. hTtps://shorttracker.co.uk/company/GB00B1Z4ST84/
smurfy2001
17/1/2018
16:05
Fitch: PFG Trading Update Highlights Challenges of Business Model Repair17 Jan 2018 14:22(The following statement was released by the rating agency)LONDON, January 17 (Fitch) Provident Financial plc's (PFG) trading update released yesterday demonstrates that initiatives put in place to stabilise the company's home credit business model are still work in progress, Fitch Ratings says. Fixing the problems resulting from the troubled rollout of a revised operating model in summer 2017 is one of the key challenges PFG faces, alongside the ongoing Financial Conduct Authority (FCA) investigations into its VanquisBank (Vanquis) and Moneybarn subsidiaries.Fitch placed PFG's Long-Term Issuer Default Rating on Rating Watch Negative (RWN) on 24 August 2017 to reflect the home credit and Vanquis issues, which were supplemented by announcement of the separate Moneybarn inquiry in December 2017.PFG states that its home credit business is expected to report a pre-exceptional loss for 2017 of around GBP115 million, within an overall pre-exceptional loss for its consumer credit division (CCD) of GBP120 million. This is at the top of the GBP80 million-GBP120 million guidance given in the company's August 2017 profit warning and is attributed to a lower-than-expected level of reconnection in 4Q17 with customers whose relationship with the company was damaged during the implementation of the new operating model. This reduced the degree to which the company could write back impairments recognised earlier in the year, and,Fitch notes, could also negatively impact the rate at which PFG is able to rebuild its earnings stream from new profitable home credit lending in 2018.Customer numbers did increase by approximately 30,000 during 4Q17, and December home credit collections performance of 78% shows a positive trend from 65% inSeptember and 57% in August, but remains below the 90% level cited by the company as a 2016 comparative in its August profit warning.The GBP5 million of the CCD loss outside home credit relates to PFG's smaller online business, Satsuma, prompted by higher-than-expected credit impairments.Beyond CCD, PFG states that Vanquis and Moneybarn have both traded satisfactorily through 4Q17, and that each has commenced dialogue with the FCA with a view to reaching a resolution to their respective investigations. At 31December 2017 the company had cash resources of GBP34 million (excludingVanquis's regulatory liquid asset buffer) and headroom on committed debt facilities of GBP66 million, while scheduled maturities in 2018 totalled GBP35 million.In its 24 August 2017 rating action commentary Fitch identified restoration of home credit's collections performance and conclusion of the Vanquis FCA investigation as key triggers in resolving the RWN. The agency also noted that, depending on the pace at which these issues progress, the resolution of the RWN could be accompanied by a Negative Rating Outlook before a Stable Outlook is attained.Key drivers to PFG's IDR remain the company's leading shares in three complementary strands of the UK specialised lending market, where the weaker-than-average credit profile of the customer base is mitigated by wide lending margins and moderate leverage. Earnings prior to tax, exceptional items amortisation of acquisition intangibles and central costs for 2016 totalledGBP351 million, of which GBP115 million was derived from CCD. Funding benefits from diversification of sources, including access to retail deposits throughVanquis.Negative rating sensitivities remain the extent of any permanent damage to PFG's home credit franchise (resulting in a revenue mix more concentrated on Vanquis's near-prime credit card business), an outcome to the FCA investigation intoVanquis which has adverse financial or reputational consequences for PFG, significant deterioration in asset quality, a rise in leverage above management's stated appetite, and an increase in the confidence sensitivity of the company's funding. The IDR could be affirmed if the FCA investigations are completed without material damage to the company and home credit demonstrates stabilisation of its franchise and recovery in its earnings.Contact:David PierceDirector
umitw
17/1/2018
15:07
Here is hoping that there will be amicable decision with FCA.That will make the share price recover to £9-10.
umitw
17/1/2018
15:01
Nicely put Dex
ccnp
17/1/2018
14:58
Minerve, i'd suggest you write to the company if you really want to know
smurfy2001
17/1/2018
13:37
Minerve - "Also, we knew the regulators were PC numpties but this just takes regulation way too far. They need to decide what they are trying to achieve here. By attempting to protect the consumer they are inadvertantly damaging the consumer and putting them at great risk. If PFG failed - which I don't for one minute think it will - the regulators will have played a part. They are interfering in a business that at the moment could do without such interference. If PFG fails then many consumers who depend on PFG will have to go elsewhere to meet their short-term money needs. Some might go to local loan sharks or smaller operators who will naturally operate larger APRs." I hardly ever post but I have to say this sums up my view of these so called 'regulators' they are making life harder for people. If I had time I could quote the example I had recently where my energy supplier was not allowed by the regulator to act on a letter I sent them, signed and dated. They had to do my request over the phone which involved all sorts of irrelevant (in my case) questions. So my letter which was perfectly clear was ignored and time was wasted all round, but the pompous regulators sit back and take their fat salaries and pensions and don't help in the real world at all.
losos
17/1/2018
12:43
test of £6 first, then, in due course, all things remaining equal, a test of £4
stoxx67
17/1/2018
12:41
smurfy2001 Please provide us with the evidence that there was a pilot scheme or trial. Until you can, I will assume there wasn't one.
minerve
17/1/2018
12:39
I wonder if Woodford foresaw a rights issue after the last profit warning? I suspect the market are pricing this in after the recent trading update.
smurfy2001
17/1/2018
12:34
MRF - precisely Minerve has no idea how your investments have performed over the last 7 years but we do know about Woodford's. I have to say for my part I am seriously happy not to have any money in his funds. He also has access to the boards of the companies he invests in and therefore one has to question whether he has any clue what questions to ask. He seems to sycophantically come out in support of all the companies he invests in whilst they crash his investments around his ears. I sold out here with a 200% gain - too early - but for the right reasons - despite the massive share price fall since then I have not been tempted back. Woodford bought too late and then added when it was clear this business was in trouble. As has been said it's not his money so why should he care if it takes 10 years to get it back? But that disregards their clients potentially needing it back in a shorter time frame....
fenners66
17/1/2018
12:28
Minerve, I have not just making a safe(?) assumption.
smurfy2001
17/1/2018
10:44
smurfy2001 Have you seen or heard anything to suggest a trial or pilot taking place here? I don't believe one happened.
minerve
17/1/2018
10:42
My Retirement Fund Woodford does have good resources. But he is managing £Bns which have to be spread over lots of companies, and his time, I am sure, is limited for any particular issue. Before you judge performance you have to decide timescale. Long investment is over decades, or at the very least 5 years, so your view, with respect, is premature. Whatever his performance is it is undoubtedly better than yours! So who are you to judge? Others in finance receive much greater remuneration for doing less, and even damaging society, but are never in negative press like Woodford. I think you need better understand investment and performance and who is more 'on your side' before making some of the remarks you make.
minerve
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