Provident Financial Share Discussion Threads

[jamielein] 24/2/2015 09:39

Yes very happy with the results - I wouldn't say these are on a low PE (PE is around 21) but they're a good company at a reasonable price, so I'm happy to keep holding.

[deadly] 24/2/2015 09:04

Lovely results today. Strong growth, high yield.

Strong financial performance and dividend increase
· Adjusted profit before tax up 19.5% to £234.4m (2013: £196.1m) and adjusted earnings per share up 18.4% to 132.6p (2013: 112.0p).

· Statutory profit before tax up 23.1% to £224.6m (2013: £182.4m) and basic earnings per share up 21.4% to 126.5p (2013: 104.2p).

· Return on assets2 of 15.1%, with increase from 14.2% in 2013 attributable to CCD.

· Total dividend per share up 15.3% to 98.0p (2013: 85.0p).

[wad collector] 26/1/2015 12:53

Deadly , you are asking the right question looking at the further rises. Time will tell ; it depends which pundit you believe. I doubt the next pre-election 100 days will be a period of political stability....

[jeffcranbounre] 23/1/2015 20:00

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[deadly] 23/1/2015 18:02

Question is: will there be weakness?
FTSE is trailing many other indices and uk shares may be on a roll.

[wad collector] 22/1/2015 09:15

2552 last lot gone. Time to wait for weakness now ; though I have been thinking that for weeks.

[wad collector] 15/1/2015 13:43

Trading update

14 January 2015

Provident Financial plc, the leading UK non-standard lender, makes the following update on trading for the financial year ended 31 December 2014, ahead of its preliminary results for the year which will be announced on 24 February 2015.

Group results

The group expects to report results for 2014 in line with market expectations(*) .

[wad collector] 09/1/2015 08:58

2499 saw my penultimate holding go . This rise has been more persistent than usual here ; where are those shorters when I want them?

[wad collector] 05/1/2015 08:46

Breached £25 this morning - I wonder where it is going now ; I have sold most of mine too early , but still think this will retrace.

[wad collector] 12/12/2014 17:12

Well , 6% down from my highest sell price 3 days ago , and you have to question , what exactly has devalued the company in that time by that much?
Oil prices? , Greece? , Chinese Market fall ?
They don't seem particularly relevant to this company. I love it when the market does this ; it is an opportunity to profit.

[wad collector] 09/12/2014 09:03

2465 limit sell set , I am down to my last 1000. Pre-Xmas sale?

[wad collector] 05/12/2014 09:56

2386 for those, 2420 for another lump set. Apologies to anyone who reads this , I use the board to record my trades - quicker than all the security logins on my a/c.
Also I am deeply sceptical of posters who claim retrospective magnificent trades.

[wad collector] 04/12/2014 16:20

2375 another limit set. I may regret these sales later , but making a tidy profit over a few months and some chunky dividends in the bag. Prov has , in recent yrs , been vulnerable to shorters and I hate to see paper profits leak away. We will see. And I still hold half . Can't believe I was picking these up at £15 or £16 a year ago.

[wad collector] 04/12/2014 12:37

Those went , wonder how high this is going? £25?

[wad collector] 03/12/2014 11:35

some more limit sells set 2340 2350.

[wad collector] 02/12/2014 15:04

Wow 2308 - all time high . Watching closely because I think it may tumble rather than breakout. 2315 limit sell set for another lump. Fulfilled later , thank you somebody.

[deadly] 25/11/2014 22:04

Glad I bought a few weeks ago.
It was boosted by PAG results today. Looks good for a break out.

[wad collector] 25/11/2014 15:04

Close to all time high , took some profits at 2277. I see no News that is affecting the share price today , so suspect it will sink again. Still holding most of mine though.

[wad collector] 11/11/2014 09:16

The OFT conclusions today has not affected the share price - I presume because the reputable end of the market will benefit from some more clients albeit with less margins.

[wad collector] 30/10/2014 11:42

xd34p today

[wad collector] 20/10/2014 17:00

Missed that in the excitement of last week. As you say , it looks strong. Wonder if we will see any more weakness before xd date , tempting to add.

[deadly] 17/10/2014 22:15

Excellent statement today.

"The group has performed well through the third quarter of the year. Credit quality in all three businesses is very sound and the group's funding position is strong, leaving it well positioned to deliver further good quality growth for 2014 as a whole."

Goes XD in 2 weeks. Got to be great value now.

[wad collector] 03/10/2014 17:07

Wonga writing off an amazing 300,000 loans yesterday has done the Prov share price no harm today. Highlights the difference between the business's.
Suspect a gentle rise up to xd day in 3 weeks . Can't believe these were less than £16 a year ago. I wondered why at the time , presumably the shorters were a factor again. And will be again at some point presumably.

[wad collector] 26/8/2014 17:50

Tipped last week in the Telegraph. (The share price has risen sharply this
afternoon to close at 2167p. )



Provident Financial, the 134-year-old doorstep lender, announced
impressive results for the first half of the year, and this caught
the eye of James Henderson.

The respected fund manager, who runs the Henderson UK Equity Income
& Growth fund as well as portfolios for Lowland and Law
Debenture investment trusts, said the firm is one of the safest
income dividend payers, offering a juicy 4.6pc yield.

The Bradford-based company reported a 23pc leap in profits, driven
by its credit card business, which has reaped the rewards from
banks becoming more conservative about who they lend money to.

People with poor credit histories who are rejected by mainstream
lenders turn to companies such as Provident Financial, and in the
past six months in Britain alone customer numbers have increased by
17pc.

“The credit card business has been growing very successfully
in recent years. It now makes the company more money than the
traditional business of door-to-door lending,” said Mr
Henderson.
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“However, it was the discipline and skills learnt in this
activity that has meant they have succeeded in rapidly growing the
credit card business.

"The cards are issued by Provident’s subsidiary Vanquis Bank.
It has 1.25 million customers in the UK and is securely
financed.”

Over the past year shares in the firm have risen 21pc to trade just
under £21 per share.

[wad collector] 14/8/2014 14:09

Acquisition , funded by placing, announcement :