Provident Financial Share Discussion Threads

[marmar80] 04/5/2021 06:06

How much they will be looking to get for it?

[sami69] 03/5/2021 13:48

I think you will be surprised to see it go up.. I think the market will like the fact that it is getting shot of a loss making business.

[k19ten] 03/5/2021 13:40

Expecting this to nose dive tomorrow morning..... company was in good shape until a few years ago. The new MD is a crook

[jas0701] 03/5/2021 07:54

https://www.ft.com/content/c42c14de-883d-417c-a696-fd786c9246fa

[1cutandrun] 19/4/2021 14:22

We are working towards finalising our FY’20 results. In accordance with guidance issued recently by the Financial Reporting Council and the Financial Conduct Authority, our results will be published a little later than usual. The final date will be published below when it is available.
Full Year Results Announcement 2020 10 May 2021

[jimbobs147] 18/4/2021 15:35

Given the court case went well for Amigo I can't see why it will be any different for PFG so hopefully that should then give us certainty on the max payout which should give the share price some octane.

[wad collector] 18/4/2021 14:32

Hope you are right on that one ; a final whistle is not impossible. Claims management firms could sink half the companies in the sector if they are allowed free reign in their scumball fashion and the lenders capitulate. Then the really big losers will be the borrowers who end up with the loan sharks knocking on their doors with baseball bats.
Hope I am wrong , lost a small paper fortune here already.

[jimbobs147] 15/4/2021 13:04

Unlike a betting on a football match there's no final whistle here, hang in long enough and we may get back there.

[wad collector] 15/4/2021 12:55

I thought I was doing the right thing by adding as the share price fell , that was in 2017 as it fell from £30 down to about £10, so now I average only about £20. That was clearly a great move....

[1cutandrun] 08/4/2021 10:41

You have done the right thing buying on the down to average out. It's amazing how that can multiply profit when they go up. A simple calculation is the 1 to 10 scale. You buy ten at £100 and again at nine ,a £100, all the way down to one. Most people would think the average would be 50% but because you get more shares from five down than six up the average is a lot less. People get blinded by averages. I always buy on the down to average out. There is no date as yet on the PFG page for the Annual Report. That's the only thing I'm concerned about, is regarding the delay. For a company to extend a report by a month is not usually a good sign.

[jimbobs147] 08/4/2021 00:11

I'm in this share up to my neck and chucked another £5K at it @ £1.85 to average down to £3.79 so still got a way to go. Still see myself in ten years time crystallising my SIPP and thanking PFG for a happy retirement though, think it can still get back to £10!!Is there a date for the YE2020 report?

[1cutandrun] 07/4/2021 23:46

I put a post on here 15th March stating the shares were ridiculously low at £1.89. How many bought at this price. In just three weeks they have increased, as of today to £2.38. Don't be fooled with this FCA business, it's all a red herring. PFG are in a win win situation, regarding this matter. The Annual Report is due soon and who knows how the City will take it. Regardless, if the share price goes down or up on the day, I'm buying more as I'm confident these will go over £3.00. I've put my neck on the chopping block, will I be proven right, lets wait and see.

[deadly] 07/4/2021 15:33

good recovery lately, but no-one interested any more?

[marmar80] 30/3/2021 23:46

Seems they got a green light already. Next Provident's Scheme and NSF's redress amount decisions.

[jimbobs147] 30/3/2021 16:37

Anyone know the outcome of the High Court Case with Amigo today? Would set a good precedent for CCD if they were given permission to put their scheme to their clients.

[marmar80] 30/3/2021 10:03

RNS.Redwood in with over 5%

[1cutandrun] 25/3/2021 11:49

"We believe the Customers will be better off if they vote to approve the Scheme because they will receive some compensation if they have a valid claim".
Either way this goes the company can see the back of home credit. If they get all the valid claims out of the way, this gives them the golden opportunity to sell on a clean business, or start a new company like they did with Provident Poland now IPF.

[1cutandrun] 25/3/2021 11:31

I've received a letter from Provident (not PFG) today dated 15 March. "Our records show that you may have had a loan from Provident, Glo, Satsuma or Greenwoods, or that you may have guaranteed a loan from Glo between 6 April 2007 and 17 December 2020 (inclusive). If you received a loan from Provident, Glo or Satsuma, the loan came from a company called Provident Personal Credit Ltd ("PPC"). If you received a loan from Greenwood, the loan came from a company called Greenwood Personal Credit Ltd ("Greenwood"). PPC and Greenwood are together the "Lenders".
PPC and Greenwood had identical products but the repayment terms were different. Greenwoods were mainly in the Midlands and North. Both companies eventually merged into PPC.
"If the Scheme is approved, you will have 6 months to make a claim".
I've only covered a small part of this letter which came with a 6 page document detailing everything. I haven't checked but this might be online.

[dealy] 23/3/2021 15:56

Probably some stake building after last weeks big sell off. Not many stocks up today.

[marmar80] 23/3/2021 12:54

Some recovery here. Based on any rumours or news?

[laptop15] 19/3/2021 12:17

https://twitter.com/laptop1515/status/1372884470790037509?s=19

[dealy] 18/3/2021 14:16

easy money for me

[dealy] 18/3/2021 09:56

What's with the sudden drop today?

[laptop15] 18/3/2021 09:53

https://twitter.com/laptop1515/status/1372486083708076032?s=19

[12toes] 18/3/2021 09:14

Did you say 1880p ?Geez look how far this loser has fallen and some here are still trying to big it up Lolz