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PFG Provident Financial Plc

225.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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
  0.00 0.00% 225.00 223.60 224.80 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Provident Financial Share Discussion Threads

Showing 826 to 846 of 4400 messages
Chat Pages: Latest  44  43  42  41  40  39  38  37  36  35  34  33  Older
DateSubjectAuthorDiscuss
15/8/2017
09:04
Whatever it is it is getting rather tedious. Value of home collection business more than taken away a long time ago.
minerve
15/8/2017
08:24
The problem of valuing this can be seen in broker recs since the H1 results:

26 July ... Numis ..... 1832p S
25 July ... Peel Hunt . 2660p H
24 July ... S G ....... 3110p B [day preceding]

I've never held the ords but sold most of my PFG retail bonds on this news (exc. the 2017). On the same day the advisory broker I held them with told me they were buying the ords for their discretionary clients. That would be around 2400!

It just goes to show ... but I'm not sure what it shows!

@ sippguru: the close period was 30 June to 25 July.

jonwig
15/8/2017
08:03
In danger of spiralling into capitulation.
stewart64
15/8/2017
07:21
market not happy, starting to make my (poor) sale a couple of years ago -look good!
fenners66
15/8/2017
06:33
Are the directors in a closed period? Worrying lack of activity even at these prices from the board. Time to remove that fat controller and put a decent forward thinking CEO in place. Failing that this is just a loan book in run off with massive and unnecessary FTE overheads. Lack of direction, a less than honest board of directors and no ideas on how to proceed. Usual next step for the confused with cash is to go buy something to liven things up. I'd guess a competitor or a major introducer.
sippguru
14/8/2017
13:34
Give it time, will turn once investors see value
ny boy
14/8/2017
12:00
Like many here got stopped out trying to catch a falling knife. Bought at 20.72, stopped out at 20.39 a few days back.

So many big beasts slain lately, Imperial Brands also trying to find a bottom.

stewart64
14/8/2017
09:36
Woodford bought lots of this at much higher price and their recent blogs said they are confident and average down to buy more. Can one trust Woodford on this share?
riskvsreward
10/8/2017
12:54
Well bought back 2020p stop below new support 1925p, bounce to 2220p according to versold conditions
ny boy
10/8/2017
08:20
Essential investor that's a really good point, if this is good value then they should be filling their boots shouldn't they ??
pnetol
10/8/2017
08:04
Any of the non execs adding at these levels?
essentialinvestor
09/8/2017
13:43
Got stopped out at b/e on first long @ 2070p, waiting patiently for another bottom, to have another go. Always put your stop in and if the stock rises up the stop to b/e

Difficult one as catching a falling knife still!

ny boy
09/8/2017
12:31
fenners66 - "Their clients may well get loans from the agents - because that's who they always did use - not because of interest rates or anything else."

I agree with you on the 'interest rate' thing, but looking on the bright side almost all the customers are in need of good sensible advice, an 'employee' will be able to offer that and it's just possible that the customer might listen, A collecting agent has always just collected the weekly payment (or not if the customer is broke) IMO they have never been there to 'help' the customer.

After the Wonga fiasco I got the feeling that all governments of whatever colour were determined to screw lenders if they 'exploited' the poor in any way whatsoever.

They did it with Wonga, and with the betting companies, now I kinda feel they are turning their guns on the unsecured lenders. It is just possible that by engaging with the customers PFG will be able to knock back any government heavy handed legislation. They (The politicians) would have a big problem if the poor could not borrow from anyone!!!

I could be wrong, PFG maybe going down for ever, bad for me as I'm under water about the same as Minerve. (I was going to say "Poor old Minerve" but he's probably not half as 'poor' as me haha.)

losos
09/8/2017
10:48
Your dividend is maintained, but of course you have to weigh that off against capital erosion, which you will only incur should you choose to sell.
The gearing is such that it looks as if the dividend is not under threat, so the sensible thing is to buckle up and wait for the gap fill.
It looks to me as if the share price is trying to put in a floor. Whether it holds will depend on the likes of AQR and their algos.
The pack is now trying to bring down the wounded animal. Poor analogy, but that's what it is. Have a look at the PRU today. Results tomorrow. No company is immune from this sort of concerted attack.

penycae
09/8/2017
08:30
I posted a while back questioning why they would change the model.
They have tried to sell it as a more efficient customer service led change.

However, what if they made the decision based on the idea that they did not want a future scandal (a la Wonga) on their hands?

After all if you seriously incentivise the agents to lend more and more , is it not likely that sooner or later someone is going to get a loan that they cannot re-pay? Then could that translate into a Wonga style write off?

I do not buy the dressed up improved customer service - especially as the agents have signed up elsewhere.
Their clients may well get loans from the agents - because that's who they always did use - not because of interest rates or anything else.

fenners66
09/8/2017
06:55
The only problem is that if they. Did admit it then surely that's tantamount to saying that they should be sacked?? Which is why I bet they don't say it.
pnetol
09/8/2017
05:10
CCNP well said. I only wish I had realised that earlier as it would have been a safe short. That said, surely management will realise that after their business has been devalued by 30% they need to reassess their decision?
andyj
08/8/2017
16:35
This bunch of chimps has cost me £4K at the moment.
minerve
08/8/2017
16:29
mmm, yes, perhaps they should have dipped a toe in the water first rather than jumping in at once. Beggars belief. How much do these knuckleheads and their advisors get paid?
minerve
08/8/2017
12:58
I'm in today. Not expecting a quick recovery, but the fall looks overdone to me and longer term I am confident these will recover some of the loss. May well be a further drop, but risk/reward looks good to me.
andyj
06/8/2017
16:45
CCNP

Nice how it works that way! Never been clever enough to do those sorts of things with my own accounts! LOL

minerve
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