Provident Financial Share Discussion Threads

[fenners66] 22/8/2017 08:57

fenners66 >18 Aug '17 - 14:49 - 682 of 751

The yield looks nice - but will dividend be sustained.
I would like to see the full year results first


Seems that caution was correct here

[tsmith2] 22/8/2017 08:56

Barge pole.

[minerve] 22/8/2017 08:55

Congratulations on your lottery win glenkaz. Look after it though it is very easy to see nothing left in a few years if mismanaged. Seen it many a time with share windfalls!

[glenkaz] 22/8/2017 08:54

In at 716 let's see how my £18k does today! Gla!

[homshaw] 22/8/2017 08:54

Well some problems are a mere blip and others a big problem.
They have lost a skilled work force, with customer connections, mainly to competitors. They seem to be out of favour with their customers. In the front line this is difficult to correct.
I think Woodford wanted to believe what he was being told and let emotions take over.

[bookbroker] 22/8/2017 08:53

Looks like it's catching a bid!

[bookbroker] 22/8/2017 08:52

The Vanquis issue seems to be resolved to a large extent, the FCA has been looking at this for over a year, recommendations made!

[andyj] 22/8/2017 08:51

I think, like Carillion before them, the management have lost all credibility. On one hand the decline in sales and collection was entirely an own goal. But to cover up the FCA inquiry to all, but those piling out in recent days, is absolutely unforgivable. I switch from long to short.

[glenkaz] 22/8/2017 08:50

Lucky I won on the lottery I was always broke and the inerest rates wer shocking 🤠✌A039;

[bookbroker] 22/8/2017 08:50

Value to be had at this level, they will most likely need a capital raising to stabilize the ship, existing holders do not have much alternative except to support it, particularly Woodford, he's in pretty deep!!

[gwatson56] 22/8/2017 08:50

I agree, it was the note on Vanquis that shocked me. Suspect the only buys are shorts closing. Seems that the press reports were true and news had leaked. Re Woodford and others reckon they were hoodwinked in briefings post half year results.

[rock star] 22/8/2017 08:46

The PFG retail bonds are looking sick as well. Not surprisingly starting to factor in a default/going bust.

[minerve] 22/8/2017 08:46

Glenkaz

The poor use this money when it really is needed and pay it back. It provides them a line of credit that they wouldn't get elsewhere. You used it years ago and are now trading here? Either you have done very well over the last few years or you are a fool.

[minerve] 22/8/2017 08:42

People 'having a go' at Woodford. He has probably been told the same story as we have. He had the same tall stories at Capita seemingly. Not his fault. Just unlucky. Both gave good returns and the hit a brick wall on management incompetence.

The FCA should be looking into the reporting here as well as Vanquis!

[con90210] 22/8/2017 08:41

This is a shocker of an RNS. Not invested in this company but feel for those hoodwinked. The FCA comment is very interesting.

[glenkaz] 22/8/2017 08:37

Sorry for holders but they are the original wonga rip off the poor used them years ago when broke! Wonder if I can get interest back on the bounce! Any idea guys how low this is going 🤔

[tim 3] 22/8/2017 08:36

Wow Woodford and his investors are not going to be happy its a top 5 holding in 2 of his funds.

Sorry for those invested here waking up to this I know how it feels but as bulltradept says it illustrates the importance of spreading risk even with the biggest companys.

[meijiman] 22/8/2017 08:33

What do people see in Woodford investments?...beats me...

[ny boy] 22/8/2017 08:33

Hope those guys get locked up, got stopped out twice a while back, in the good old days last one 1920p. Not tempted back now, more like short any dead cat bounces!

[gwatson56] 22/8/2017 08:32

I'm out. Bit of bad timing yesterday on the top up. Still, down to experience and move on. Surprised with the content of the RNS. Awaiting update on Woodford blog....

[meijiman] 22/8/2017 08:31

Sometimes Director sales do tell the story. Fell sorry for holders. Probably not a buy even at these levels.

[jfk69] 22/8/2017 08:23

Dealing date Name / Title Shares Per share
(GBP) Deal size
(GBP)
Sale
12 APR 2017
Mr. A C Fisher
FINANCE DIRECTOR
50,848 31.06 1.58 m
Sale
12 APR 2017
Mr. P S Crook
CHIEF EXECUTIVE OFFICER
76,129 31.06 2.36 m
Sale
12 MAY 2016
Mr. P S Crook
CHIEF EXECUTIVE OFFICER
50,145 27.89 1.40 m
Sale
12 MAY 2016
Mr. A C Fisher
FINANCE DIRECTOR
30,503 27.89 850.75 k
Sale
4 MAR 2016
Mr. P S Crook
CHIEF EXECUTIVE OFFICER
98,165 32.65 3.21 m

[bulltradept] 22/8/2017 08:22

Wilmherk,

As long as you've used position sizing correctly with your pot you'll be OK. Eample: £100,000 split between 10 shares, if one drops 50% the whole portfolio only has to rise 5.8% from that point to recover the loss.

In this game, it's all about risk mgt.