Provident Financial Share Discussion Threads

[rougepierre] 22/8/2017 10:40

That's a smart recommendation by RBC IMHO...I lost myself this am...

[markycrispy] 22/8/2017 10:40

Graham I appreciate every story is different but have always put profit warners in my diary for day three trading - has worked well for me over the years

[jurgenklopp] 22/8/2017 10:37

RBC Capital Markets said: "While Provident is down nearly 40% year-to-date, we expect ongoing substantial losses in the share price, and would not be buyers at any price. While the share correction was making us warm to Provident, this quadruple whammy (another profit warning, no dividend, FCA investigation and CEO departure) lead us to now believe that the shares are not investible until greater clarity is received, which may not be until next year at the earliest."

[grahamite2] 22/8/2017 10:32

If it worked on Carrillion it should work a treat here. Carrillion is clearly terminal but PFG would be just the sort of thing to interest a special situations fund.

[glenkaz] 22/8/2017 10:28

🤡heeeeeeeeelp lol! Plan c in action gla!

[bookbroker] 22/8/2017 10:27

What the company has been trying to do is alter its whole business model as regards collecting cash practically overnight, should have started to wind down door-to-door salesfolk a year or two back, these people will still have to pay back back the money lent, they need it the most!

[markycrispy] 22/8/2017 10:25

Worked a treat on Carillion recently

[deanroberthunt] 22/8/2017 10:24

worth no more on NAV and Funds than 200p

[markycrispy] 22/8/2017 10:23

Day three after a profit warning is always the time to buy - there will be 20 to 25% to be made then - just my strategy

[american idiot] 22/8/2017 10:21

Couldnt have happened to a nicer company. Hope this POS company who make their money from ridiculously overpriced finance to those who can least afford it go under.

I hope the FCA also make Vanquis pay back every single penny of their ROP 'product'

Along the lines of PPI, only worse.

[right honorable lord lucan] 22/8/2017 10:07

"Thursday will be the day to buy for a worthwhile trade and bounce"

Why will it?

[eodfire] 22/8/2017 10:07

Thanks jpjohn1, for caring about everyone and how they choose to trade. Thanks for the advise about "falling knives". A cynic would think you may well be short here or wanting to buy in even lower?

[markycrispy] 22/8/2017 10:06

Thursday will be the day to buy for a worthwhile trade and bounce

[bookbroker] 22/8/2017 10:01

Even at the height of the maelstrom that hit the financial system in 2008/09 this was at a higher value! Think of that!

[bookbroker] 22/8/2017 09:58

Sounds bloody crazy, but Woodford will most likely wish to rescue his investment here by asserting more control, he has the stake to do so.

[samdb] 22/8/2017 09:57

Chart appears to be bottoming out (for today) so in for a trade this morning.

[bookbroker] 22/8/2017 09:56

There is a lot of smoke at the moment, valuation appears uncertain, what is certain is the need for this kind of lender in the market, and regulated lending is what this business is about, not the kind of lax lending on some credit cards, this will come back, it is simply weak management and a lack of control in adjusting to the new work practices, and an exodus of collectors! The people who use PFG are people who desperately need to borrow, but with weak credit criteria cannot obtain finance elsewhere, the business will bounce back, the market is still there!!

[tsmith2] 22/8/2017 09:52

5 handle coming up

[right honorable lord lucan] 22/8/2017 09:48

2 fund managers had already started shorting this on ..

AQR Capital Management, LLC 1.01% ↑ 0.11% 8 Aug 2017
Systematica Investments Limited 0.50% → 0.0% 9 Aug 2017

So somebody knew something

[jpjohn1] 22/8/2017 09:45

It really is devastating for you poor chaps who own these shares. Each and everyone one of us try to pick shares which will go up well but the best of us pick one and it still keeps going down. If I have learnt anything over the years do not catch a falling knife, you might think you are getting a bargain only to see it by the end of the day drop a lot more. I got burnt many years ago with Norwich Union ( Aviva) it lost half its value in no time ( sold and lost many thousands)and twenty years latter still not gone back to where it was. You can bounce back I have bought and sold £3 million in the last 3 years

[glenkaz] 22/8/2017 09:44

Come on shorts take your profits! Lol! Wish I waited 15mins longer! Ha ha ha ha! Derrrr! 🤡✌A039;