Provident Financial Share Discussion Threads

[robinnicolson] 25/6/2020 13:18

Brokerage KBW started coverage of PFG with a 'market perform' rating:

PFG's 2019 CET1 ratio (a measure of a bank's solvency) of 32.5 percent can comfortably help avoid worst case scenarios.

Turnaround of PFG's Consumer Credit Division is well underway and loan growth will pick up rapidly from 2021.

[its the oxman] 25/6/2020 10:13

Who knows the future. Let nsf do their money raise then take them over perhaps. But do they need to? Pfg is the market leader and was getting its act together pre covid. Hopefully it is a bargain at current levels.

[russ1983] 25/6/2020 09:27

Surely, the fact that NSF have warned of going concern risk, this would benefit Provident in the long term if they went bust and they could either take over the business for peanuts or take their customers

[wallywoo] 25/6/2020 08:27

Down on sympathy with NSF (company who tried to buy pfg) Who has a profit warning and down 30 percent today.

This is in Bargain territory again IMO

[linton5] 24/6/2020 07:16

I will buy some today for sure blackbear

[blackbear] 23/6/2020 16:40

Our capital and liquidity positions remain extremely strong. We believe we have the strongest and most diverse funding options in our sector, a key competitive advantage for us

fill your boots

[its the oxman] 22/6/2020 21:40

What's going wrong here, 189p ?

[ammu12] 21/6/2020 17:11

Possibility of VAT cut.Impact on pfg?

[discodave4] 21/6/2020 14:02

bravoFiltered

[ammu12] 21/6/2020 10:43

Check out his posting history lol

[discodave4] 19/6/2020 19:14

Thought you went bust in the eighties!!......sour grapes ?

[wallywoo] 19/6/2020 19:08

This company flourished during major recessions in the 90's and 2008. I doubt they will go down in a sea of bad debts.

[rediffusion] 19/6/2020 18:49

Junk loan trash about cripple this. Bleak future indeed

[ammu12] 19/6/2020 11:25

Finally rising..

[wallywoo] 17/6/2020 07:58

bgt a few last thing, yesterday. This is due a run up again IMO. H1 results still 6 weeks away, and summer months can be strange even in normal markets. However, in the medium term this has to move back over £3.

[babbler] 16/6/2020 11:53

Shroders probably.

[discodave4] 16/6/2020 11:51

Someone's happy to buy nearly £1m at way above the offer price.

[ammu12] 15/6/2020 16:55

Shroders increasing holding.....

[jelenko] 15/6/2020 11:23

I don't think it's hard to work that out. They will be prioritising shareholder returns when normal times return. Not long ago they were at £5+. Good share for future dividends. Look at the more recent Director share purchases and the prices they were happy to pay paints a picture to me anyway. This is a bargain right now and the market knows it.

[ammu12] 15/6/2020 10:30

Maybe because it's undervalued ?

[its the oxman] 15/6/2020 10:30

Not sure why this is up today with wider market down. Upgrade or something?

[ammu12] 15/6/2020 10:21

Finally moving.