Provident Financial Share Discussion Threads

[umitw] 27/2/2018 08:55

People are buying because firstly short closing as it is announced PFG is not going bust, 2- there is a possibility that FCA problem is resolved 3- share price may be back to half way to what it was before 4- divi will be paid next year.All good news IMO, IF one is patient to wait.!

[rajni120] 27/2/2018 08:54

Thanks smurfy

[rajni120] 27/2/2018 08:54

Hey Chris how can get the right issue shares

[smurfy2001] 27/2/2018 08:53

Broker will send you information on that typically a form to your account that you click to subscribe to the shares or sell your rights etc

[rajni120] 27/2/2018 08:48

How do we get to buy the shares at £3 ?

[smurfy2001] 27/2/2018 08:48

1.42m shares traded already normal volume for the day a mere 767k

[chrisgail] 27/2/2018 08:42

If they can get back to the Company they were, then I see the maths as follows -
24 shares at £ 30 = 720
17 shares at £ 3.15 = 52
total
41 shares £772 = target price of £18

That is why people are heavily buying.

[wad collector] 27/2/2018 08:39

I love the smell of burning shorts in the morning.
To misquote Apocalypse Now.

[smurfy2001] 27/2/2018 08:35

Top 5 most shorted
CARILLION PLC 14.0%
PROVIDENT FINANCIAL PLC 13.9%
DEBENHAMS PLC 13.8%
AA PLC 11.5%
PETS AT HOME GROUP PLC 11.5%

[smurfy2001] 27/2/2018 08:34

Indeed sir :)

[umitw] 27/2/2018 08:27

Smurfy profit is profit!

[smurfy2001] 27/2/2018 08:26

I wonder if l sold too early ah well profit is a profit :)

[umitw] 27/2/2018 08:25

Come on PFG get back to 850p today !

[umitw] 27/2/2018 08:23

2 major insti investors are backing up PFG, they are long term holders! Not many will be left to private investors IMO.

[nigelpm] 27/2/2018 08:21

Getting back to reality the ex-rights price is 475p - this has no business being anywhere near here.

[umitw] 27/2/2018 08:18

I think the shorters thought PFG will go bust & they did their very best to bring the share price on its knees!Now that's not going to happen!

[nigelpm] 27/2/2018 08:18

Rule 3 - if you are holding this get the hell out!

[bookbroker] 27/2/2018 08:18

It will be back down at some point, the dilution alone will cause, think Vanquis is not a bad entity in principle, and their market will be in larger demand, I keep thinking people are slightly strapped for cash, but maybe it is just an illusion, and the economy is doing great, come April when council tax goes up on average 10% that might have a minor impact on people’s psychology!

[smurfy2001] 27/2/2018 08:16

Holy shi* what a ride folks! 9 years of trading this is just amazing :)

[leedskier] 27/2/2018 08:15

Rule 1. Never be short when a RI is announced.

Rule 2. Never forget Rule 1.

[smurfy2001] 27/2/2018 08:13

Wowzers i've got out with a profit!!

Selling 1,750 PROVIDENT FINANCIAL ORD GBP0.207272 (PFG)
Status:Executed
Placed at:08:12:02 27/02/18
Price:£7.99448
Order Type:Market

Mighty short covering has to be.

@sippguru - i'll admit i got it wrong so good call.

[paulmurphy777] 27/2/2018 08:12

Short covering?

[leedskier] 27/2/2018 08:12

Those short this morning being spit roasted.

[tsmith2] 27/2/2018 08:11

v strange.

[nigelpm] 27/2/2018 08:11

That's just odd!