Provident Financial Share Discussion Threads

[wad collector] 24/8/2009 12:43

Or perhaps today? Personally I won't consider selling unless there is a substantial rise ; the yield and long term safety looks too tempting.Happy to hold.

[canford cllffs] 11/8/2009 10:06

seems to be trading in the range 810 to 830 - will it break out today?

[canford cllffs] 03/8/2009 12:24

nice rise today!

[wad collector] 30/7/2009 11:01

An interim dividend of 25.4p per share has been declared (2008: 25.4p)
reflecting the company's policy set out at the time of the demerger to at least
maintain a full year payment of 63.5p per share whilst moving to a target payout
ratio of 80% of post-tax profit in the medium term.


80% ratio seems investor -friendly to me!

[mroalan] 29/7/2009 17:26

W/C.do we know what the divi is ?

[canford cllffs] 29/7/2009 14:38

thanks wad collector - seems a good medium/ long hold.

[wad collector] 29/7/2009 13:29

Barniebear the Independent also jumped on the sanctimony bandwagon yesterday -



Provident Financial is a company that is very hard to like, it sells high-interest loans to low-income groups. The regulatory risk racing the company should not be ignored, but the investment case is still strong. Buy, if you can stomach it.

Well, I can stomach it ; I don't think it is unethical.I don't think it is any worse than a bank like Nat West who wouldn't lend to a high risker and shaft them with charges if it did.(Unless they are American and then they would lend them billions!)

[barniebear] 29/7/2009 07:36

Bad verry Bad press apparently PFG has upset Barnadoes!! The bleeding hearts just kill me WHERE oh WHERE do these people think marginally sub prime borrowers are going to get a LOAN i suppose the Pawn Shop is OK ,But this begs the Q do they have anything worth pawning apart from their 42/52inch flat screen telly .

[barniebear] 28/7/2009 20:21

Oh BTW a verry large BUY went through AFTER the bell over 71k shares!!

[barniebear] 28/7/2009 20:20

Having a bit of a look at PFG & i noticed in the header that this stock is being SHORTED!! Hmm

[canford cllffs] 28/7/2009 13:33

Drop seems a bit harsh - tipped in Money Morning;


A financial stock to buy now

In this sort of environment, where credit is tight and everyone's feeling the squeeze, the financials we would be interested in buying are the ones who are practised at dealing with the tougher end of the market.

For example, a genuine sub-prime lender such as Provident Financial (LSE: PFG), the doorstep lender, looks attractive. Despite increasingly cautious lending policies – its Vanquis credit card unit knocked back a staggering 82% of applications in the first quarter (up from 80% the previous quarter) - the group is still seeing customer growth. This is one lender we'd feel pretty comfortable about investing in right now - the share price has been range-bound for quite some time, but with a dividend yield of more than 7%, you're being amply rewarded while you wait for the market to catch on.

[canford cllffs] 28/7/2009 11:16

what date do you have to hold to get the divi?, tia

[wad collector] 28/7/2009 10:02

Half yearly statement just out , greeted by a 45p share price fall.
I am obviously missing something , as it seems to describes no shocks , a small profit increase and maintenance of the 25.4p dividend.
I am fairly heavy here but tempted to see this as a buying opportunity.

[james111] 21/7/2009 08:06

why the big jump this morning? I am not complaining but unusual to get so much movement in the right direction so early on this one.

[wad collector] 08/6/2009 21:08

Can't remember now James111. But earlier enough to collect the 38.1p dividend, which didn't dip the share price much. I do wish I had put even more here.Certainly outperforming the IPF part of the original company.The share price chart looks all the more remarkable when you compare it to any other financial sector equity over the last couple of years.

[james111] 27/4/2009 15:19

what price did you get wad, I have been looking and waiting all day was hoping for 810 but dioesnt look likely today.

[wad collector] 27/4/2009 10:58

Just added a few more , I fancy the yield and think the worst is behind us here.Maybe!

[wad collector] 02/4/2009 12:59

Ex Date is the date when share goes "ex dividend" (xd) and buying the share after that date does not entitle buyers to receive the most recently declared dividend. That is why normally on the day that a share goes "ex dividend", its share price will fall. Payment Date is the date when the dividend is payable to shareholders on the register at the Record Date. Record Date is the date on which a shareholder must officially own shares in order to be entitled to the dividend. This is usually a few days after the ex dividend date. It is the date when the registrar actually instructs the company as to who is the beneficial owner of the shares for later dividend payment.

Thats off the Advfn site which I see doesn't actually answer the question
Here's one that does


In a sense the answer is obvious , that you can sell it on the ex-div day to keep the dividend hence the share price fall, though the above does not make it that clear .The reason is that the 3 days which it takes for the register to be altered takes you past the ex-record date so your name is on the register still on the ex-record date, even if you sell on the XD day.
Hope that clarifys !

[milliecusto] 29/3/2009 21:23

evening wad,can you tell me when can you sell your shares after it goes ex dividend,do you have to hold them to record date in order to get the dividend

[wad collector] 26/3/2009 14:32

Ex 38p dividend on 15th May. I think I am going to add a few before then, more than the banks are paying.

[wad collector] 09/3/2009 13:02

Another month goes by without comment here.And yet , compared to the rest of the financial sector , this is extraordinarily resilient.Roll on the next divi.....

[praipus] 28/1/2009 10:49

Noticed the RNS for "short selling" declerations, if a Hedge Fund goes short of this what would be a sensible hedge in the same sector?

[wad collector] 06/1/2009 13:42

Sounds like you have convinced the market.