Provident Financial Share Discussion Threads

[davr0s] 22/8/2017 09:40

What a complete and utter car crash. My only exposure I had was via an HL income fund that I luckily sold yesterday. Any income fund will presumably have to dispose of their holding now so personally won't be touching it. What was fascinating was that after the last drop the HL fund guys said they spoke to the board and had been reassured and that they remained confident longer term. So either they have been misled or the fund manager is not competent.

[minerve] 22/8/2017 09:39

wad

LOL

[bookbroker] 22/8/2017 09:38

Don't worry, Woodford down about £285million today on his fund!

[wad collector] 22/8/2017 09:35

Looks like I have been backing another lemon. I shall sit and wait another 108 yrs for the share price to recover....

[glenkaz] 22/8/2017 09:34

Whooops 🤡✌A039; Plan b in action gla!

[fillipe] 22/8/2017 09:33

Brokers today - 2 have Sell, one is Under Review.

Putting STB under pressure?

f

[jpjohn1] 22/8/2017 09:32

Sorry for you wllmherk. Be careful chaps out there catching the falling knife

[miahkaysor] 22/8/2017 09:32

Feel sorry for you Glenkaz

[andysaw] 22/8/2017 09:31

Where would it end?

[rackers1] 22/8/2017 09:27

Never mind glenkaz looks like your £18k being reduced already eh

[saint in exile] 22/8/2017 09:27

in auction

[fillipe] 22/8/2017 09:23

bid v ask = 1 v 2.

Still grim.


F

[bookbroker] 22/8/2017 09:18

Problem here lay with Crook, he was behind the curve, i still believe the original model works, nuts and bolts lending, and many of those people most likely live on the breadline and do not necessarily have online access with their lack of credit, but he was most likely past his sell by date, he took the business up through the ranks, maybe hubris got the better, but the board should have acted sooner, his mugshot does do him much justice, but he is wealthy enough to get by now!

[right honorable lord lucan] 22/8/2017 09:18

Watching this on L2. Multiply large buy orders in at 502p

[fillipe] 22/8/2017 09:09

Good money after bad.

f

[tim 3] 22/8/2017 09:04

In my experience situations like this are rarely a good buying opportunity with more falls and profit warnings likely and a long road to recovery.

[fillipe] 22/8/2017 09:04

Very close to sub £7 atm

f

[fenners66] 22/8/2017 09:01

> fenners66

9 Aug '17 - 09:30 - 637 of 756
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.





Seems sometimes reading between the lines works. I was not convinced by the spin - looks like I was correct

[glenkaz] 22/8/2017 09:00

Seems to wanna stay above 700 maybe 🤔 Might add a few more! Totally honest guys I'm trading 🤠👍

[bookbroker] 22/8/2017 08:58

The bizarre thing is these folk who borrow money via PFG are most likely the secure ccreditors, as they already have quite severe limitations imposed upon them by the terms of their agreement, it's the one's who borrow £10k +, whereby they just pay the minimum, they are the danger to the financial system!

[rackers1] 22/8/2017 08:57

Glenkaz nice hindsight bs there.