Provident Financial Share Discussion Threads

[wad collector] 08/5/2018 15:52

A thousand posts in 3 months last year , back to the usual quiet BB. Slow recovery or slow death?

[wad collector] 13/4/2018 22:34

96% uptake of the rights issue , no date given for the payment for lapsed rights. I never got round to selling mine , not sure what the closing payment will be after the costs are extracted by the bankers.

[yorkiemike] 29/3/2018 12:46

If you read the RNS from Tuesday you will see that the transaction took place on 28 February, that’s how.

[rajni120] 29/3/2018 12:16

Read on telegraph investorStuart Sinclair bough 29417 shares @1004.09 each on 27/3How does that work if the market price is below 700p ?

[rajni120] 29/3/2018 08:39

I no I'm usless at thisCan some one helpSo I currently hold 1416 pfg shares1003 pfgn sharesThe rights issue I have option to buy 1002 further shares After eveything is all well and what needs to be done How many shares willI be holding in both pfg and pfgn ?Thanks

[rajni120] 29/3/2018 08:21

https://www.gov.uk/government/publications/appeal-a-social-security-benefits-decision-form-sscs1

[paulab203] 28/3/2018 16:45

Finally - at least one director is buying - directors have been conspicuous by their absence up till now

[rajni120] 27/3/2018 08:17

I no I'm usless at thisCan some one helpSo I currently hold 1416 pfg shares1003 pfgn sharesThe rights issue I have option to buy 1002 further shares After eveything is all well and what needs to be done How many shares willI be holding in both pfg and pfgn ?Thanks

[nas9] 23/3/2018 20:19

Cryptotrade TD sold their investment arm to iii in October last year.

[typo56] 22/3/2018 21:06

nas9, I'm sorry to say most of them appear to be clueless. I dare say some of the back office people know what they're doing, just not those on the helplines.

[nas9] 22/3/2018 20:33

Typo56 Thank you for clarifying spoke to TD onvesting today they’re completely clueless since they’re now iii and have stayed charging £22.50 a quarter for managing accounts you’d think they’d be clued on but obviously not.

Really appreciate your reply and taking time out to respond.

[typo56] 22/3/2018 18:03

nas9, it's not a share buyback. It's a rights issue.

You still have your original 2750 PFG shares. Plus, from today, you also have 1947 rights shares (based on 17 rights per 24 PFG you held).

These rights are tradeable in the market (ticker PFGN), meaning you can sell them.

Or if you want, you can exercise the rights, for payment of 315p per right. You will then receive fully paid PFG shares, in addition to your original 2750 shares.

Or you can do nothing and let the rights lapse. You'll then receive payment, which will amount to approximately the value of PFG shares, less 315p, per right.

Your broker may permit you to do a mix of all three. You should hear from them.

[nas9] 22/3/2018 17:36

Can someone help. I had 2750 pfg shares with right issue I have 1947 showing @3.15 if I take up right they will show @6.53 on or after 20th April. Will I also have my initial 1947 shares? This share buyback is confusing so any help would be apprecited. Thanks

[typo56] 22/3/2018 17:31

I mean has every one taken up their offer?

No-one can know how many of the rights have been taken up before the deadline for a acceptances, which is 9 April. The rights were only allocated today, so I doubt they've had many acceptances yet!

The results of the rights issue will be announced before open on 10 April.

Again, it is in the company rights issue announcement.

[umitw] 22/3/2018 17:09

I mean has every one taken up their offer?

[typo56] 22/3/2018 16:19

It's fully underwritten, if that's what you mean, by Barclays and J.P. Morgan.

Please read the company announcements.

[umitw] 22/3/2018 16:04

Does any one know if the RI is fully subscribed?

[typo56] 22/3/2018 11:25

rajni120, I know we all have to learn somehow but I suggest you doing some reading of the company announcements. It's all there, including the sentence:-

"The New Ordinary Shares will rank equally with other Ordinary Shares in all respects, including the right to receive other dividends and distributions (if any) made, paid or declared after the date of issue."

[rajni120] 22/3/2018 11:22

So then how does it work with the normal pfg shares and the new one we got todayHow do they all become one or they don't

[smurfy2001] 22/3/2018 11:22

Yeah it will do and your average price will reduce

[rajni120] 22/3/2018 11:19

Got the message from broker so price is 3.51 I think So does all the pfg new shares get combined into one after ?Thansk

[typo56] 22/3/2018 10:37

17 rights (PFGN) per existing 24 PFG held. So in your example I guess 70.

Your broker will be in touch.

[rajni120] 22/3/2018 10:35

Thanks spurfy do we know how much we get Say we hold 100 pfg how many are me entitled to