Provident Financial Share Discussion Threads

[marc antony] 22/8/2017 11:39

look how the shorters filling the orderbook

[fenners66] 22/8/2017 11:38

When you think that all they do is borrow money from somewhere and lend it too hi risk customers for a hi rate of interest; then when they show themselves to be hi risk what becomes of the borrowings? Higher interest rates as well.
Where does that leave the business model?
Surely this is one business model that relies on confidence .

At the moment this is shot to pieces.

[marc antony] 22/8/2017 11:38

anyone shorting??

[marc antony] 22/8/2017 11:38

so far after each auction they took it down 50p quickly

[andysaw] 22/8/2017 11:37

Where would it be after the auction?

[marc antony] 22/8/2017 11:36

another auction

[marc antony] 22/8/2017 11:35

closing auction be sub 400p

[fillipe] 22/8/2017 11:35

Heading for the 400's, I reckon.

f

[american idiot] 22/8/2017 11:32

To see how the ROP affects 'normal people google 'vanquis rop complaints'

Plenty of complaints there.

IF the FCA forces Vanquish to repay this charge then the company would be stuffed.

'Vanquis Bank is co-operating with an investigation by the FCA into the ROP ancillary product. ROP currently contributes gross revenues, before impairment and costs, of approximately £70m per annum.'

[marc antony] 22/8/2017 11:32

auction comes and they will whack it to 400p.

That's institution shorter was on carrilion too

[phowdo] 22/8/2017 11:32

Peter Crook - an example of nominative determinism?

[andysaw] 22/8/2017 11:31

May be another auction around 490

[ny boy] 22/8/2017 11:31

Short to 1p, finished,credibility shot to pieces

[fillipe] 22/8/2017 11:30

L2 - still desperately bad bid/ask totals - 82k v 228k, as I type.

f

[saint in exile] 22/8/2017 11:30

Collapsing like a pack of cards

[xc1] 22/8/2017 11:28

10 pence cometh.

[my retirement fund] 22/8/2017 11:26

So they have 120M of debt to refinance in 6 weeks time and a whopping 250M worth due up in 2 years time.

Are there enough idiots out there like Woodford to get together and refinance this crud? Because they sure as he'll won't be able to access the debt markets anytime, the existing bonds were almost junk staatus as it was!

I guess there is a way out for bond holders if they are prepared to take haircuts as the individual assets are sold piecemeal but you've got to ask yourself if those assets are in fact assets as in reality they are other people's liabilities.

My gut insinct is that there are not enough Woodford idiot types to pull it off and clearly longer term this is toast.

I hope that's a little more help for you wherk ps sorry you lost hope it went too much.

[deanroberthunt] 22/8/2017 11:22

this might just go straight to bust

[andysaw] 22/8/2017 11:22

Looks like 450

[jpjohn1] 22/8/2017 11:20

Thanks eodfire, no no intention on buying this company, all money out in other company's, but it seems people enjoy other people get hit badly, I was just saying for all the traders out there just be a bit carful on any company what as made a massive drop you can buy in thinking your getting a bargain only to drop a lot later. Good luck who are holding hopefully it will bounce back some for you by the end of the week

[bookbroker] 22/8/2017 11:18

People buy these products as long as they understand the terms, PPI was an erroneous charge that acquirers were not aware off, basically people should read the small print!

[glenkaz] 22/8/2017 11:17

Sc/m company robbed me again! Gotta have a bounce 😏

[milliecusto] 22/8/2017 11:17

Rop could be the final nail on the coffin