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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
  -8.60 -2.95% 283.40 284.00 284.40 288.40 278.80 287.20 501,261 16:35:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonequity Investment Instruments 807.8 -113.5 -32.9 - 719

Provident Financial Share Discussion Threads

Showing 4126 to 4147 of 4350 messages
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DateSubjectAuthorDiscuss
27/8/2020
08:51
Expecting 3quid purely on fiiundameny
seagreen
27/8/2020
08:49
Was expecting some profit taking first thing but so far so good.
discodave45
26/8/2020
23:50
America has Apple Facebook Google Amazon and Microsoft, China has Alibaba, Huawei and Tencent, Britain has NSF and the provi
csmwssk12hu
26/8/2020
23:25
Wad, patience is a virtue.
chucko1
26/8/2020
22:58
Yep , finished the day 35p closer to my break-even target.Only 2665p to go...
wad collector
26/8/2020
18:09
CutI do owe you an apology, I did post the following:'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.'That said it's not my style to revert to name calling as you have towards me so best we cease any further dialogue.
discodave45
26/8/2020
17:31
13 % because he looked back at the last time it was paid , without checking they are not paying anything now ? It does not explain it as a possible forward yield... Even if the kid who wrote it is useless and inexperienced - perhaps only having worked in a bull market - have they not got anyone who checks the BS before its published.... ? As for the debate about possible end of furlough job cuts - "Gatwick Airport is planning to axe up to 600 jobs in a 'signifcant restructure' after feeling the impact of the Covid-19 pandemic on passenger and air traffic numbers. The airport is operating at around 20 per cent of its capacity and has around 75 per cent of its staff on furlough." Its not 750k I know but it shows the direction of travel.
fenners66
26/8/2020
14:57
No TA but short term resistance looks to be between 232 and 235, so be nice to see this broken at close.
discodave45
26/8/2020
13:40
All I ask for here is another £27 on the share price and I will have my money back....
wad collector
26/8/2020
13:35
13% comes from the previous year's 9p interim plus 16p final (not paid) - and based upon last night's close. I suppose it gives an indication of what it could be were conditions to fully normalise. Quite a big "if".
chucko1
26/8/2020
13:26
'I note some other analysts musings above are suggesting a forward yield of 8.6%.'Believe that was based on 2021 forecasts, but as for Shore Capital's 13% who knows!.
discodave45
26/8/2020
13:13
" Dividends The Board is not proposing an interim dividend with respect to this financial year (H1'19: 9.0p per share), in line with its decision to preserve capital, and support business stability, when deciding to not pay the final dividend for FY'19. However, it remains our intention to resume dividend payments to shareholders as soon as operational and financial conditions normalise. " I had to go back and check that after reading this bit above - "Broker Shore Capital....a dividend yield of almost 13%" WTF?! Do they get someone's kids to write these ? I note some other analysts musings above are suggesting a forward yield of 8.6%. BUT the current actual yield is Zero. So where does the amateur get 13% from ?
fenners66
26/8/2020
13:08
NSF soaring, in auction for second time in twenty minutes, poss takeover over million shares bought about half hour ago in space of minutes, may run off here if it is takeout imho dyor
csmwssk12hu
26/8/2020
12:48
BF now see you at 3,4,5,6,7 etc
seagreen
26/8/2020
12:46
Genuine helpful posts by genuine posters what a change... One of the main reasons I am long term from Shore Capital and have been preaching about kitchen sinks along with the capital base and the kitchen sink just grew by 5.2% Analysts noted that as a result of introducing more cautious economic assumptions into its IFRS 9 models, forward-looking impairments increased sharply resulting in an improvement in the overall coverage ratio for the group to 33.5% at the end of June 2020 from 28.3% at the end of December, saying “such coverage levels are significantly higher than found at mainstream lenders”.
seagreen
26/8/2020
12:42
Last one Finncap:Demand for used cars has rebounded strongly according to Moneybarn, and despite tighter underwriting July was a record month. Suggests that perhaps the share price of S&U shouldn't be drifting as low as it has. For Provident itself, it's a positive among a world of pain and the recovery could be slow and drawn out. Not one that I would want to get behind at this stage given the increased provisions for both impairments and macroeconomic pressures. Of course these provisions could unwind in future and boost a potential recovery, but it's way too early to tell if Provident can survive intact.
discodave45
26/8/2020
12:40
Switched some profits to MNG. Paying a 10% divi so should be the next to fly.
encarter
26/8/2020
12:40
Canaccord also bullish:The Vanquis ring-fence has been lifted by the PRA, such that Vanquis can pay dividends and make loans to other Group companies. We view this as a significant positive and the result should help to lower the cost of funding over time.We believe the H1'20 results demonstrate a sound performance in a period of significant uncertainty. The short to medium-term outlook remains uncertain and not without challenges. However, at this stage of the cycle we believe the Group is well positioned strategically (target market), competitively and from a funding perspective. The valuation is attractive, in our view, at P/TNAV of 0.85x in CY20E falling to 0.78x in CY21E. PFG is not without risk, but on balance we believe it offers significant upside and these results could well mark the turning point.
discodave45
26/8/2020
12:39
Numis bullish: The group is financially robust and recovery has commenced. July was a record month for Moneybarn deals, Home Credit is collecting at over 90% of target and now only 2% of Vanquis customers are on a payment holiday. Provident's credit quality remains very tight but the falling supply of credit from mainstream lenders is sending increasingly high quality customers to the group. As recovery builds, these assets are expected to deliver exceptional risk adjusted returns. Provident is being valued at just 5.7x 2021 earnings and 3.6x 2022 earnings. We have reintroduced a dividend forecast for 2021 and the 2022 dividend yield is forecast to be 8.6%
discodave45
26/8/2020
12:36
Barclays:Reducing EPS estimates and PT but maintain Overweight: The lower H1 receivables combined with the higher impairments means we reduce our FY20 estimates sharply. We also reduce FY21 and FY22 estimates by up to 9% to reflect the lower receivables. Despite these reductions and the lack of H2 visibility, we maintain our Overweight as we anticipate Provident to be able to take advantage of a growing customer pool as a result of its sector leading brands and its strong capital and liquidity.
discodave45
26/8/2020
12:35
RBC not quite as bullish:PFG operates four well-established, industry-leading franchises in the non-standard consumer credit sector. While we appreciate the strength of its market positioning, over the short term we see the group as facing a high degree of uncertainty due to the COVID-19 crisis. Trading on a Price to tangible book value of 0.8x with a 2021E ROE of 13%, it currently screens an inexpensive, however given uncertainties we can envisage better entry points in the short and medium term, and retain our Sector Perform rating.
discodave45
26/8/2020
12:30
Broker Shore Capital noted that the balance sheet “remains in good shape with capital headroom having materially increased since the start of the year, while the funding and liquidity position also remains strong”.  Analysts noted that as a result of introducing more cautious economic assumptions into its IFRS 9 models, forward-looking impairments increased sharply resulting in an improvement in the overall coverage ratio for the group to 33.5% at the end of June 2020 from 28.3% at the end of December, saying “such coverage levels are significantly higher than found at mainstream lenders”. With the shares have fallen by 57% in the year-to-date, versus a 20% fall in the FTSE All-Share Index, Shore Cap said they were trading at less than tangible net asset value, around four times forward earnings and a dividend yield of almost 13%, “despite the strength of the balance sheet and the scope for returns to increase to 20-25% over the medium-term”.  “We believe there remain significant opportunities for a well-funded and well-capitalised non-standard lender to grow in the aftermath of the Covid-crisis given a likely increase in the number of available customers along with a reduction in competition.” The results, agreed broker Peel Hunt, were “generally positive, showing that the business is proving resilient and trading better than internal plans”.
seball
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