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Share Name Share Symbol Market Type Share ISIN Share Description
Provident Financial Plc 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
  7.10 4.18% 176.90 174.80 175.20 175.60 170.90 172.70 579,073 16:35:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonequity Investment Instruments 998.3 128.8 33.3 5.3 449

Provident Financial Share Discussion Threads

Showing 3201 to 3222 of 3625 messages
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DateSubjectAuthorDiscuss
25/2/2019
07:32
In response to the offer for Provident Financial plc (“Provident Financial”, the “Company”; or the “Group”) announced by Non-Standard Finance plc (“NSF”) on Friday 22 February (the “Offer”), the Board of Provident Financial (the “Board”) expresses its disappointment at the unsolicited and highly opportunistic approach taken by NSF, including its decision not to engage with the Board prior to the announcement.
richardbrook1
23/2/2019
12:29
A bit of a coup by Van Kuffeler. But the asset will be in better hands, the present lot doesn´t seem to know how to manage it.
gowlane
22/2/2019
19:40
Share holders really bending over and taking it up the botty.
tradejunkie2
22/2/2019
16:50
I decided to take my gain today. Pretty much c15%. Needed some extra cash for the fun next week. Almost been running 100% invested since the December lows.
minerve
22/2/2019
16:46
I don't either. Closed at a slight discount to implied NSF scrip value.
patientcapital
22/2/2019
16:11
dexdringle re: your post3009 I think you missed my point. JvK approached PFG in January last year and was rebuffed. The best way to get the board to agree is to come to an arrangement with the biggest shareholders first then go back to the board. The board are the ones getting stitched up. We have all been losing money over the past year or so. All shareholders can gain from this, not only the majority stockholders. It looks at first sight (15% gain today so far) as if no-one will lose out.
gregsc
22/2/2019
16:03
I've held this share for a while. Traded on the drop and rise......Now a 200 head chop starting this week makes sense
k19ten
22/2/2019
15:59
I somehow suspect that there will not be any rival bids and presumably the PFG management cannot negotiate a higher offer if there has already been those acceptances. But I suspect that they won't be that bothered as there will be some juicy sweeteners for them to take gardening leave and some contortion around their options. I wonder if the MMC are interested.
wad collector
22/2/2019
14:52
IC recommended them at 677p, I purchased at 656p and then sold 3/4 at 542p following the last disappointing results. I have already lost out and perhaps others have too. Now the rise as helped to reduce the loss on my remaining holding. The merger seems like a positive move. Just a question of whose heads roll in PFG or NSF in my opinion.
dekle
22/2/2019
13:49
GregSC "Obvious that this is a stitch up between NSF and the major shareholders who represent a majority of the voting stock" What do the majority PFG shareholders have to gain over and above the rest of us ? What exactly is the nature of the stitch up and who is losing out ?
dexdringle
22/2/2019
13:26
But what is odd is that it took so long coming. JvK was the obvious man to seek managerial help from. He built the business after all. Presumably he was approached by his shareholders, in the ordinary way, so it is as well that everyone's interests coincide.Whether a higher bid will be flushed out remains to be seen.
patientcapital
22/2/2019
13:22
Very much so. Nice to be in agreement :)
patientcapital
22/2/2019
13:09
They should have seen their vulnerability.
minerve
22/2/2019
13:01
This is most odd..... Firstly NSF announce a 'firm' offer but no immediate response RNS from PFG who take three and a half hours to announce that they haven't yet got a response. So, presumably, they had no idea this was coming. NSF state that they have the agreement in principle from more than 50% of PFG shareholders meaning that, before the announcement, they must have discussed the proposed plan with some shareholders and not others. The PFG share price is now nearly 10% above the offer price based on the current 62p NSF share price x 8.88.
dexdringle
22/2/2019
11:58
Shareholders completely shafted here.
tradejunkie2
22/2/2019
11:45
With the share price at 560p+ the market must be expecting a higher offer, or another bidder?
dendria
22/2/2019
11:41
I note PFG at ‘shareholders are strongly advised to take no action in respect of the NSF offer.‘
richardbrook1
22/2/2019
10:44
From JvK's website:"John left Brown Shipley in 1991 to become Group Chief Executive of Provident Financial plc, the consumer credit and motor insurance company. He was appointed Chairman in 1996, a post he held for the next 17 years. In 1997 he led the strategic decision to start an international division with substantial businesses being created in Poland, the Czech Republic, Slovakia, Hungary, Romania and Mexico. A decade later Provident joined the FTSE 100 and the international business was demerged as International Personal Finance plc with a market capitalisation of £600 million. He also led the strategic decision to recruit a team of credit card experts to launch Vanquis Bank, which now has pre-tax profits of £200 million. During John's tenure as CEO and Chairman, Provident Financial plc shareholders received a 44x total shareholder return (with dividends re-invested)."
patientcapital
22/2/2019
10:35
It's a management question. JvK left PFG in very good shape after a long time in charge. I'll certainly give him a second crack of the whip. No question.Will it flush out a higher bid? It might.
patientcapital
22/2/2019
10:21
Blimey, things at PFG must be bad if a 'nil premium' reverse takeover by a firm a tenth of the size is considered a good thing.
dexdringle
22/2/2019
10:01
Taking out a rival has got to be a great move for NSF so joining them must be good for PFG
dekle
22/2/2019
09:38
topvest, the debt is like working capital in this sort of business. They borrow long to lend short. Look at the receivables balance in debtors - that is the flip side of the coin.
superstardj
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