Provident Financial Share Discussion Threads

[penycae] 25/7/2017 08:56

Morning all.
Read the half year report, and bought the dip this morning. Not a huge position, but I'll add either way. Looks as if they've got a grip on things.
Won't stop the shorters of course......

[topvest] 23/7/2017 18:42

Isn't PFG all about Vanquis Bank and it's new businesses? The original business has been struggling for years and will become less relevant in 5 or 10 years time. As long as Vanquis is doing well - thats the main point as far as I'm concerned.

[wad collector] 19/7/2017 10:59

I would have fined them more ; hate those SMS spams.

[sippguru] 18/7/2017 17:07

Oops, ICO fine today. Only £80K but more damage to their reputation, suggests poor controls and management taking their eyes off the ball, nearly a million spam emails and SMS sent out according to reports. Desperate times.

[losos] 13/7/2017 13:15

Minerve - "The issue here is loss of market share for Provident Financial."

Yes, there will be some loss and as Wad has said it looks like a long haul for the share price to get back to it's peak. My main concern is the dividend, as long as they can keep that on track then I can wait.

[minerve] 10/7/2017 14:56

That is why I hold other competitors too. The market demand isn't dissapearing. The issue here is loss of market share for Provident Financial.

[shalex] 10/7/2017 13:08

If you read the posts on the staff blog, many have defected to other companies. This is no way a one-off blip. The business will always go with the agent on the doorstep so getting rid of nearly half the agents doesn't seem like the cleverest thing to do.

[biggcl] 05/7/2017 11:30

Thanks Wad!

I've made good money on this share in the past and reinvested in a small way just before the crash.The dividend is good , but i've sold half at a loss and am now prepared to wait for recovery.

[wad collector] 05/7/2017 10:16

Biggcl , flattered to be asked. The Prov business model has stood up well over many decades despite being viewed as old-fashioned. The demand will always be there and I think the clean-up of the dodgy lending practices has not harmed Prov.
Having said that, I wouldn't invest here if you cannot wait potentially a long time for a share price recovery.

[penycae] 03/7/2017 12:25

Liberum have made some howling calls recently. EZJ about the worst of late. Most brokers talk their own book.
I'm happy to hold until the 25th.

[penycae] 03/7/2017 11:30

Morning all.
Just bought some of these. That gap will fill sooner or later. I see AQR are building their short position. Probably contributed to the drop this morning. Algos working overtime.

[biggcl] 26/6/2017 11:23

wad - you're a long term fan of this share.There has been a lot of doom-mongering in the press.What is your current view if I may ask (NAI!)

thank you

[robinnicolson] 26/6/2017 11:21

I still wince when I remember an investment in 'city darling' Independent Insurance. A black hole was discovered in the accounts, the share price collapsed and the company went into liquidation. The CEO got 7 years inside for fraud.
16 years later IIG customers and employees are receiving some financial compensation but there is nothing for shareholders.

[wad collector] 26/6/2017 10:03

I've had my fair share of shockers , and I am reminded of the adage "Never invest anything in the stock market that you can't afford to lose"

[losos] 26/6/2017 09:10

djderry - Yes we've all had them, not been in Cattles or Versaillles, but the ones I have had are erased from my memory haha.

[djderry] 24/6/2017 20:17

One of the reasons for my investing in
provident is the 'heavy -touch'approach where they stay very close to the customer so the CEM role is a progression of that,albeit spurred on by regulation.Obviously,execution is key.
On the subject of painful investment decisions,another one of mine was
Versailles, one of the head guys siphoned off millions,allegedly. I use that last word on the advice of my legal people but you know what I mean! To this day
I find it painful to visit, although the Hall of Mirrors and the gardens are somewhat soothing.

[losos] 23/6/2017 16:06

robinnicolson - Thanks, works fine if I do that, had a bit of a read through, interesting, but (as always) busy on other projects so left the registration for now.

[robinnicolson] 23/6/2017 13:33

losos, type "http" instead of "hxxp"

[losos] 23/6/2017 13:18

robinnicolson - The link didn't work for me, not unusual since I am not tech savy. I did notice that it starts hxxp which I've never seen before, (just to update my very limited knowledge) is the hxxp significant ? are we supposed to replace it with something ? God, life gets complicated sometimes haha.

[robinnicolson] 22/6/2017 18:06

Here is the link to the Provident Financial Agents Forum. The general public are able to join (registration is very quick). Useful for PFG scuttlebutt!

hxxp://providentagents.com/index.php

Apparently The Times is running an article this weekend titled 'a day in the life of a collections agent' and are looking for contributions from PFG agents.

[fenners66] 22/6/2017 15:51

"Customer Experience Manager" sounds like they have had consultants take over - the latest fad and conveniently forgetting they have a business to run.