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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
  -6.40 -1.77% 354.60 354.00 354.80 361.40 354.60 361.00 37,597 12:07:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonequity Investment Instruments 807.8 -113.5 -32.9 - 899

Provident Financial Share Discussion Threads

Showing 3601 to 3623 of 4350 messages
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DateSubjectAuthorDiscuss
08/7/2020
18:13
Disco did you manage to increase your holdings to average down?.
jeannettetigger
08/7/2020
18:02
From their website:'If you're a new customer you can apply for a loan online. If you're accepted in principle a Rep will call you to finish the application'.
discodave45
08/7/2020
17:57
Hello, are you buying here or in already?.
discodave45
08/7/2020
17:52
CutYou can apply for home credit/loan on line then a rep will visit to finish off the process which will include cash payments. You keep posting false info from what I've read on the PFG website.
discodave45
08/7/2020
13:36
I know this is all bad news but lets look at the positive side. Once the reps can call again, many customers will want loans and the company can rewrite them. Plus, loads of new customers will want credit. When that will be, who knows. I can't see the reason why reps cannot collect payments from letterboxes or open windows. It only takes a phone call to arrange it.
1cutandrun
08/7/2020
10:11
Disco as feared nearly 160p, are you going to use this drop to increase your holdings?.
jeannettetigger
06/7/2020
19:31
Amazing how many people on ADFN come on chortling scare tactics whilst proclaiming to be an expert and comparing companies with diferent strengths of balance sheet and stating they have no position in the specific stock. The term toss pot springs to mind.....or a shorter caught with his pants down.
seagreen
06/7/2020
17:31
encarter Yep I second, or is it third, that!.All the best
discodave45
06/7/2020
16:00
:-) Exactly what the NSF crew said FILTERED . I say filter away scoffers :-)
superiorshares
06/7/2020
12:00
I agree, heading back above 200p.
encarter
06/7/2020
06:53
Discodave45. Another scoffer :-). You should ask all those scoffers on NSF how they are feeling :-) As I gave my opinion when it was 12 or so it would be heading to 4p. oh they were chortling and scoffing away :-). There not scoffing now ! I didn't say it was going to £2 . I said if it got back up there I will be shorting this to 70p. I think it will be down in that direction by DEC 2021. No I don't do the Lottery . I gamble on Tennis though. You carry on scoffing Discodave45 . :-). Helicopter money nothing to do with Banks . They call no shots ! . The Banks were told they were not allowed to pay dividends. They call no shots :-) Moronic Central Banks call the shots ! I will be scoffing at you in due course Discodave45 :-)
superiorshares
05/7/2020
15:09
Helicopter money ain't going to happen, banks wouldn't allow it and they call the shots.You say this is going to £2, that would do me!......then 70p by Dec 2021, have you got the lottery numbers as well!.All the best anyway.
discodave45
05/7/2020
13:32
1cutandrun .. my old friend.. My thoughts on the whole sector moving lower appear to be transpiring . My thoughts on investing in the basket of three, still remain. NSF some will say is a disaster, not for me because I haven't bought yet :-). Its a case of wait and see what is left after the share issue. One thing with the Low end loan market. It totally didn't enter my head. HELICOPTER MONEY !. I know they did it in Hong Kong. More and more finance types on the business news are chipping on about it !. If they do implement it ?.. It will devastate this type of Loan arena. I have no position in NSF/MCL/PFG. If PFG gets anywhere near 2 pound again ?.. The short will go on. I see PFG falling to the 70p area by Dec 2021.
superiorshares
04/7/2020
17:11
Appreciate what you are saying but the debate was around you saying that home credit growth would suffer because of social distancing, clearly there will be an impact from a recession brought about by the pandemic but social distancing will not inhibit growth at all as the business has adapted to meet the challenges.
discodave45
04/7/2020
15:19
Home credit will be hit, but the positive side to PFG is Vanquis Bank. Other credit companies will be hit a lot harder and as you say the share price reflects the situation. We will have to wait for Q2 results, which I doubt will be good reading but everyone will be in the same boat apart from Amazon and supermarkets. Give it a year and hopefully we will all be smiling.
1cutandrun
04/7/2020
15:04
Thank you for the information Disco. I can see where you are coming from but I wish it was that simple. Home credit is the most complex form of credit. The reason being the involvement of a rep/agent. When you get credit online, this is called an execution-only transaction, which means no advice is given. The companies can't get accused of mis-selling. This applies to all transactions online, be it, investments, banking insurance/assurance and credit. Therefore, when an agent/rep is involved the regulations are strict. That's why they have these procedures in place, which have been approved with the FCA. Changes cannot be made unless the FCA agrees to it.
1cutandrun
04/7/2020
10:56
Goldman Sachs - Berenberg - Peel Hunt - Liberum - Cannaccord give the top fund managers picks https://bit.ly/3eZfbF1
jimsyone
04/7/2020
10:11
Have checked out the PFG website and there is a lot of info (and even a video to help existing customers) on how to pay current loans during the impacts of Corona virus. They do state that home visits have stopped as a result but they do also state the following:'If you're a new customer you can apply for a loan online. If you're accepted in principle a Rep will call you to finish the application.'So no problems IMO, they may be suffering from payment deferrals/late payments but that is priced into the share price, and some!.
discodave45
04/7/2020
09:59
Thanks, some very useful info, but I see nothing in the procedures you mention that cannot be carried out digitally. You can get most things done online now, even passport renewals, so entering into a loan agreement or paying for your loan shouldn't be an issue if PFG have such facilities in place. Those that want to pay current loans by cash at the door can still be done easily enough I would have thought.Personally I see no issue around social distancing, all businesses are having to adapt and I see no reason that PFG can't or haven't already adapted (some research required!). That also includes legal and regulatory requirements which may also be changing to this new normal.
discodave45
03/7/2020
21:31
I should have said people can also pay by card or cheque. I'm retired from the company now and it would be interesting to know if the procedure for signing up new customers has changed. Does anyone know?
1cutandrun
03/7/2020
20:53
I wish you hadn't asked me that Disco, as it's a bit long winded, but will keep it brief as possible. You cannot cold call selling credit. If a person states their neighbour wants a loan, you can call on them and say who you are and the company you represent and why you are calling. You can ask what they want but cannot discuss the ins and outs of credit, for an example how much is the interest. Then a request to call document has to be completed and signed by the customer. The company agent or staff can go back the next day (not 24 hours) and discuss credit. This document is proof enough to say it wasn't a cold call (not dated the same as the agreement). Credit can now be discussed and issued. All the documentation has to be done. Photo ID, Utility bills. Your income and expenditure to prove disposable income and affordability. All these documents now have to be seen. We don't want miss selling do we. If everything is ok an agreement can be signed and witnessed and cash handed to the new customer. This is doorstep lending. The physical handing over of cash (bank notes or coins) from one person to another. I keep hearing of digital and auto. There is no such thing, unless you have a debit or credit card and can access cash from a machine. When companies use these words they are talking about accounting, but they give you the impression there is a new magical system where cash can fly through the air and land at your feet. NSF is a prime example, a new auto system so customers can pay. Sending postal orders, cash, paying it at NSF bank or offices is not digital or auto.
1cutandrun
03/7/2020
17:09
Sorry but who says they can only be signed up in their residency?, wouldn't prove they actually reside there!. All proof of ID and property ownership/address etc can be done digitally, yes they may need to sign paperwork but that can be done via post, so still don't see that it's an issue......unless legally it all has to be done 1-2-1, but I'm not aware it is a legal/regulatory requirement.
discodave45
03/7/2020
16:48
I did put a post on here a couple of months ago, they could pick up cash through a letterbox or open window. The point I was stating is regarding home credit customer growth. I can't see it being possible with social distancing. New customers can only be sign up in their property, to verify residency and confirm ID, also signing agreements and issuing credit. This cannot be done on the doorstep. Up to recently even a relative wasn't allowed in your property.
1cutandrun
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