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
  +12.80p +1.95% 668.00p 667.40p 668.20p 673.40p 650.20p 655.20p 344,969 11:03:48
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonequity Investment Instruments 1,196.3 -123.0 -90.7 - 2,363.74

Provident Financial Share Discussion Threads

Showing 2751 to 2770 of 3100 messages
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DateSubjectAuthorDiscuss
17/1/2018
08:20
Catch 12 for them really. They desperately need to raise cash and the higher the shareprice when they do so the less diluted existing shareholders will be.However doing si is unlikely until the scale of the FSA investigations are known and the size of the fines imposed plus any remidal costs to to correct things.This could easily fall so mich further.
my retirement fund
17/1/2018
08:04
Just cash call worries and results end of Feb driving this?
paulmurphy777
16/1/2018
20:42
Don't upset minerve. At your peril. Oh dear.
freddie01
16/1/2018
18:59
Woodford highly thought of to some.
freddie01
16/1/2018
16:20
CCNP, From FT Alphaville:- There's no new problems in here, just the old problems. Though the old problems are now getting so bad that debt coventants are once again something to worry about. It's unusual in the sense that the bad news is only incremental. As in, home collection losses at the top end of previous guidance post the disaster rejig of the sales force. So who knows? Woodford i'd imagine still has confidence in the business but will be interesting to see any view from him. I'd imagine he still has quite an investment here.
smurfy2001
16/1/2018
16:11
Target reached. --- smurfy200116 Jan '18 - 11:35 - 2547 of 2552 Edit Not far now. -- smurfy200111 Jan '18 - 20:53 - 2535 of 2546 Usual drift down towards 800p?
smurfy2001
16/1/2018
15:02
Do I hear a 'yet?'
ccnp
16/1/2018
13:54
Well at least it's not back down to 4xx pence? ;)
smurfy2001
16/1/2018
13:52
....just when it looked like the share price was going to climb slowly out of the woes of 2017, back down we go. These managers who have f@@ked up a good model whilst collecting some good money themselves deserve to have their assets seized.
wad collector
16/1/2018
11:35
Not far now. -- smurfy200111 Jan '18 - 20:53 - 2535 of 2546 Usual drift down towards 800p?
smurfy2001
16/1/2018
11:21
LONDON (Alliance News) - Sub-prime lender Provident Financial PLC said Tuesday its home credit arm made good progress in its recovery in the final quarter of 2017 but still faces a loss at the upper end of previous guidance. Provident's home credit arm CCD made good progress implementing its recovery plan, with collections performance in December at 78%, up from 65% in September. Active home credit customer numbers as at the end of 2017 was 530,000, up from 500,000 in September, and home credit receivables in December was GBP350.0 million, up from GBP316.0 million at September. However the disruption caused by moving to a new operating model, as well as having to reconnect to lost customers, is set to cause a pre-exceptional loss for the CCD division in 2017 of GBP120.0 million, at the upper end of the range of GBP80.0 million to GBP120.0 million guided by the company back in August. Meanwhile, Provident's credit card business Vanquis Bank saw total new customer bookings rise to 437,000, up from 406,000 in 2016, and customer numbers ending the year at 1.7 million, up 11% year-on-year, boosted by actions to enhance distribution, including the launch of the Chrome near-prime credit card. However in the fourth quarter of 2017, new customer bookings were at 93,000, down by 20% from the same period the year before, due to tightened underwriting during the third quarter and heightened macroeconomic uncertainties. Delinquency levels in the fourth quarter for Vanquis remained stable, reflecting a stable UK employment market. Moneybarn, Provident's motor finance arm, saw a good flow of new business volumes in the quarter despite tighter underwriting, with customer number and receivables at 50,000 and GBP376.0 million, up 22% and 26% respectively from the prior year. Both Vanquis and Moneybarn have engaged with the UK Financial Conduct Authority to resolve the investigation in relation to customer affordability assessments and the treatment of customers in financial difficulties, Provident said. The requirement that Vanquis suspend all new sales of the Repayment Option Plan since April 2016 is still in place, as is the agreement with the UK Prudential Regulation Authority to not pay dividends to Provident also remains in place. Shares in Provident Financial were down 2.7% at 895.00 pence on Tuesday. By Dayo Laniyan; dayolaniyan@alliancenews.com Copyright 2018 Alliance News Limited. All Rights Reserved
smurfy2001
16/1/2018
09:40
No umwitw, it is not money coming in. It is the maturity of loan notes, i.e. debt the company has. Give me strength. Yet more cash for the business to find, next up, bond debt. Then need to find cash to cover the inevitable fines and compo headed their way.
sippguru
16/1/2018
09:28
BUZZ-Street View: Provident Financial's outlook challenging16 Jan 2018 09:09* British sub-prime lender Provident Financial -4.5%; stock top pct loser on the FTSE Midcap index * Co sees 120 mln stg loss at consumer credit unit in 2017 - at the upper end of its guidance [nL3N1PB2O3]* Says total new customer bookings at its Vanquis Bank for2017 were 437,000, up from 406,000 in 2016* Vanquis Bank and Moneybarn units had both started talking to the Financial Conduct Authority (FCA) with a "view to reaching a resolution to their respective investigations".Street's First Impressions* Liberum (rating: "sell," PT: 483p) says Vanquis appears to be running behind expectations in terms of new bookings, which suggests its forward forecasts could be negatively impacted* Goodbody analyst John Cronin says PFG is struggling to win back the customers it lost which could be a structural issue for the business* Jefferies (rating: "hold," PT 915p) says regulation remains an overhang for the company and the share price* We see it as a positive that dialogue with the FCA has now actually started but there can be no guarantee that a common view will be reached - Jefferies
umitw
16/1/2018
09:03
Headroom of £66million committed debt, business stabilising
scemer
16/1/2018
08:59
Private placement of £20 million notes due on March 2018. Money coming in
umitw
16/1/2018
08:46
My Retirement Fund saisD "Surley needs to make a huge cash call to shareholders to stay solvent ?" What makes you think they are insolvent ? Illiquid maybe, but insolvent ?
dexdringle
16/1/2018
08:11
Surley needs to make a huge cash call to shareholders to stay solvent ?
my retirement fund
16/1/2018
07:35
So, cash at bank, £34M. Loans due in January and March, £35M. Will someone kindly put these guys out of their misery.
sippguru
15/1/2018
09:16
I think there is a new trading statement is due today!
umitw
12/1/2018
08:54
CCNP. I don't understand. I paid £6.50 each for these. Why should I be feeling like a sucker ?
dexdringle
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