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
  -2.70 -0.63% 427.30 428.60 429.00 430.00 419.40 426.00 427,796 16:35:04
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonequity Investment Instruments 1,124.4 90.7 25.2 17.0 1,082

Provident Financial Share Discussion Threads

Showing 3251 to 3274 of 3400 messages
Chat Pages: 136  135  134  133  132  131  130  129  128  127  126  125  Older
DateSubjectAuthorDiscuss
16/5/2019
11:14
Just catching up So they reckon lowest cost of advice is £19m Then "explain" Broking advice £13.9m Accounting advice £0.4m Other £0.4m Total £14.7m When "other" generally covers all of the rest .... no wonder they cannot run a business when they cannot properly report where the £19m is spent ! What is the point of attempting an explanation if all it does is create more questions ? Wasn't this once a FTSE 100 company ? Releasing that RNS is pathetic.
fenners66
16/5/2019
10:01
Woodford is to blame for this debacle (met him once at a Fidelity meeting) From "This is Money" this morning. John van Kuffeler's battle to buy the doorstep lender has been backed by investors who own just 53.53 per cent of its stock, a stock market filing revealed last night. Although it technically puts him in control, he will not be able to cancel the Provvy's listing or merge it with his business, Non-Standard Finance (NSF), as planned. NSF last night said it will give other shareholders time to reconsider. If it can get to 75 per cent or above a full merger between the two businesses can go ahead. This is well short of the 90 per cent backing van Kuffeler initially aimed for. But if this level is not reached they will have to remain separate with their own management teams, undermining NSF's main argument for doing the deal. The result will be seen as particularly unimpressive because when NSF launched its takeover bid in February it had already won the backing of three major investors – Invesco, Woodford Asset Management and Marathon – which controlled 50 per cent of the company's stock. It means that despite a bitter takeover battle which has raged for months, NSF has only convinced another 3.5 per cent of Provvy investors to come on board. NSF now needs to secure support from regulators by June 5 for the deal to be approved.
gregsc
16/5/2019
08:31
Tradejunkie why lol no? they got their 50%?
cantrememberthis2
16/5/2019
05:32
It's a legal way of robbing a company. I can fully understand why PFG are spending 19 plus millions to fight of this ridiculous takeover. It will be worth every penny if PFG can succeed in avoiding this ridiculous takeover.
jas0701
15/5/2019
18:00
Its game set n match..gone unconditional so they dont need the other votes?
cantrememberthis2
15/5/2019
17:55
It's not over until the fat lady sings, 92% of independent investors have not accepted the offer (it's worse than May's deal!), the FCA, PRA & CMA still have to approve it. hxxps://tools.euroland.com/tools/Pressreleases/GetPressRelease/?ID=3609920&lang=en-GB&companycode=uk-pfg&v=
jimbobs147
15/5/2019
17:21
8.88 nsf shares for each pfg if I remember rightly
richardbrook1
15/5/2019
17:14
What price are NSF offering per PFG share for takeover. It's very confusing. Not sure whether to sell up with a loss or stay in until dust settles. Any thoughts will be most appreciated.
jas0701
15/5/2019
16:21
They got 53% acceptance hxxps://www.ii.co.uk/news/non-standard-finances-hostile-bid-for-provident-now-unconditional-al1557936969768575300
richardbrook1
15/5/2019
16:03
Shareholders being rogered up the botty you mean?
tradejunkie2
15/5/2019
15:57
been stitched up here
pictureframe
15/5/2019
13:28
They couldn't simply tell them to FRO as NSF had already received irrevocable assurances from more than 50% of shareholders that they supported the takeover prior to submitting the hostile bid. The fees are astronomical but necessary to fight off the bid, it's Woodford who is to blame for this.
jimbobs147
15/5/2019
13:05
Fees and expenses of GBP19.0 million to GBP21.0 million to do what exactly ? The board could have just called NSF and told them to FRO and that would have cots precisely £0
dexdringle
15/5/2019
12:19
I fail to see how they incur such high costs when someone else is making a offer. Something stinks here.
pictureframe
15/5/2019
12:14
'The total fees and expenses expected to be incurred by Provident in respect of the Offer are in the range GBP19.0 million to GBP21.0 million'. It's a staggering amount with no value added to the business. What a waste of money. Still Woodie seems to like blowing other peoples cash so little wonder he supports it.
dendria
15/5/2019
12:06
"(i) Financial and Corporate Broking advice is expected to be in the range GBP13.9 million to GBP14.1 million" Unbelievable. Is this sort of expenditure really necessary? Here is to hoping PFG never get another bid again, ever. Hope it fails. GLA
minerve 2
15/5/2019
11:34
PFG just we'd to say we don't accept your bid. Business as usual. Unless this company really is in trouble.
jas0701
15/5/2019
11:32
Why is it falling
jas0701
15/5/2019
07:32
Yes, decision due at 1pm, i unfortunately expect NSF to extend the offer timetable and reduce the acceptance level but if they are forced to pull out we should see a strong rise. Not heard of any white knight rumours so PFG must be confident of winning. I’ve built a position here over the past 6 weeks based on the offer ultimately being rejected, i think this is low risk because NSF shares will rise if they are successful and PFG will rise if NSF fail so isn’t this a double headed coin? fingers crossed.
rimau1
14/5/2019
22:28
The nsf offer is up tomorrow at 1pm I think so we’ll find out more then I think. Looks like the price has gone down to equivalent of the offer price
richardbrook1
14/5/2019
21:11
What's going on with PFG does anyone know?
jas0701
13/5/2019
14:45
Down 4% suddenly this afternoon , don't like the look of this new low - cannot see any new news.
wad collector
08/5/2019
06:09
In the times this morning The doorstep lender trying to fend off a £1.2 billion hostile takeover received a significant boost after one of its biggest shareholders spurned the bid and criticised investors backing the deal. Schroders, the third largest shareholder in Provident Financial with a 14.6 per cent stake, yesterday became the first investor to publicly reject an all-share offer from Non-Standard Finance, a smaller sub-prime lender. Its opposition means that Non-Standard Finance now cannot fulfil its target of securing the backing of investors owning at least 90 per cent of Provident’s shares, although it could lower its acceptance threshold.
richardbrook1
03/5/2019
07:13
Encouraging trading update, key metrics all heading in the right direction and new product initiatives being rolled out. This is the bottom thanks to the low ball offer from NCF. Nothing like a low ball opportunistic approach to get A little proactivity from mgt. Massive upside here, happy new shareholder thanks to NCF!
rimau1
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