Provident Financial Share Discussion Threads

[kemche] 22/8/2017 11:16

Covenants will be shot to pieces. Rescue rights?

[american idiot] 22/8/2017 11:14

ROP is far far worse than PPI.

PPI would at least make your payments in the event of being unable to pay for whatever reason.

ROP ONLY freezes your account and interest on your debt should you have the misfortune to lose your job etc..

Recently I noticed my missus had a secret Vanquis credit card. The interest rates are ridiculously high compared to the other CCs. She also had this ridiculous ROP 'product' attached to it.

Basically, on a debt of (for example) £500 making the minimum payment of around £25 per month breaks down as to paying about £12 in interest and about £7 for ROP meaning just £6 of your £25 payment going off the actual debt. That would take years to pay back !

Its another PPI and hopefully the FCA will force Vanquish to refund all those people unfortunate enough to have had it.

Naturally, the missus had since paid off the full amount and closed the account :-)

[andysaw] 22/8/2017 11:14

No point buying today for a bounce

[action] 22/8/2017 11:13

I wonder how the analyst value any shares... It all apprears to be roulette wheel.

[milliecusto] 22/8/2017 11:13

Would be financial suicide to buy this currently,fca investigation and home credit loss making.

[andysaw] 22/8/2017 11:12

Another auction

[milliecusto] 22/8/2017 11:08

Loss making company £1 billion mkt cap,alot further to fall

[bookbroker] 22/8/2017 11:07

Amazes me the board has been so incompetent, looks to have an alumni of members, staggering!!!

[ny boy] 22/8/2017 11:06

Made up earlier losses just short this easy money! Short to 1p!

[saint in exile] 22/8/2017 11:05

Anyone buying for a bounce now? Good luck suckers

[glenkaz] 22/8/2017 11:04

Gonna try if drops 520 🤣

[mister md] 22/8/2017 11:04

WOW, total capitulation

[milliecusto] 22/8/2017 10:57

So rop is there version of ppi..ouch

[glenkaz] 22/8/2017 10:57

Sold with a small loss gonna try again 🤡✌A039;

[grahamite2] 22/8/2017 10:57

American idiot, if the people who went to Moneybarn could get a loan from Natwest, don't you think they would? High risk lending carries a price premium, it's that simple. Only a crooked politician would pretend otherwise.

[123trev] 22/8/2017 10:56

Lol,and they call aim the Wild West of trading with everything happening lately on the solid Ftse stocks or so folks would have you believe aim now looking like a safe haven.A very good rule is if a stock like this drops more than 20% in a day there's more pain to follow!

[scotty666] 22/8/2017 10:53

still valued close to 1 Billion after this fall, now loss making and a dire collection performance - much further to fall imo.

[american idiot] 22/8/2017 10:51

Moneybarn

£12000 over 5 years

Monthly payment: £377.96
Total to repay: £22,299.64
Calculated APR: 32.1%

Natwest Car loans

Representative Example
Borrow :
£12,000.00
over 5 years
Representative
3.9% APR
Interest rate
3.90% p.a. (Fixed)
will cost
£220.08 per month
Total amount payable :
£13,204.80

These deserve to go bust.

[irenekent] 22/8/2017 10:48

This could be another meltdown like Marconi which lost all its value over two days. Wonder what other skeletons are in the cupboard. No wonder the directors were selling.

[saint in exile] 22/8/2017 10:45

So it will...more like 550

[inv] 22/8/2017 10:41

Nonsense this will go up in the next few hours to 750+