Provident Financial Share Discussion Threads

[bbmsionlypostafter] 19/9/2017 07:28

Shorts are at an all time high here, 8.8%!

[glenkaz] 15/9/2017 18:42

Soz to see ya down today! Like to check in do you think 🚀 Over Japan 🇯🇵 has caused ft to 💩 Itself🤔 Maybe but best of luck to all in! It was helava bounce from £450 to 960!!!! Gla 🤡✌A039;

[umitw] 15/9/2017 18:23

Well some one dumped 4.4 million shares!

[ccnp] 14/9/2017 12:39

Couldn't agree more. Gary Hoffman springs to mind

[yazoo1] 14/9/2017 12:25

I see your point and I suppose only time will tell in the IT regard. I think a new face at the top is needed now to inspire some change from within.

[greyingsurfer] 14/9/2017 12:18

RBC cuts price target to 775p from 2650p It's always great to see brokers like RBC adding value with their price targets. Wait a few weeks to read the RNSs, then produce a new target that's just about where the share price has settled for the last week. These guys really earn their inflated salaries and bonuses. Just how many PhDs does it take to come up with a price target like today's?Peter

[yazoo1] 14/9/2017 12:01

I certainly see your points although I seriously doubt the mgmt would not have conducted a through review themselves. In terms of collections for both d2d and the car market, as uyou say they have written deeply but that will pay dividends later down the line as soon as the IT issue is resolved. Agreed on cashflow, doesnt look promising short term but feel that has been well priced in. A long term hold IMHO.

[sippguru] 14/9/2017 11:15

CG only came in on the 2nd warning and i would guess he would have instigated his own review at that point. We all know profit warnings come in three's so its a reasonable bet that's next up. I don't see much upside potential on the CCD at all. At best they'll collect 50% of the book. The growth is in the bank and moneybarn. Although the car market is tough and i'd bet they're taking a delinquency hit having written fairly deeply over the last 18 months. Bonds maturing soon and a biggy in a couple of years. Cashflow position doesn't easily support repayment and they'd struggle to get another bond away now.

[yazoo1] 14/9/2017 11:01

Not sure I agree, 2 profit warnings now and you would assume that after the first and especially second that a "deep dive" review would have been undertaken. It seems that there is a largely positive message coming across, funds have opened some big positions.....seems like people are seeing good value here with such a big upside.

[sippguru] 14/9/2017 10:50

Third profit warning any day now. CG will announce he's completed a deep dive review and realised he needs to factor in a load more cost and impairment charge will be even higher. May as well throw the kitchen sink out now then come back with better news in the future.

[umitw] 14/9/2017 10:37

I hope so yazoo 1

[yazoo1] 14/9/2017 09:54

Quite possibly, although the timing of UBS increasing their holding leads me to believe news will be coming soon

[umitw] 14/9/2017 09:52

I thought it was already in the price! :-)

[umitw] 14/9/2017 09:51

I think the drop could be due to this mornings rating.* Provident Financial Plc : RBC cuts price target to 775p from 2650p * Provident Financial Plc : RBC cuts to underperform from sector perform

[yazoo1] 14/9/2017 09:07

News will be coming soon, I topped up this morning expecting a good finish to the week. I suspect someone will be announcing a big position shortly today/tomorrow

[fenners66] 14/9/2017 08:57

you still pleased for the longs GK?

[umitw] 14/9/2017 08:24

It doesn't seem to have a large sale!

[luisfrg] 14/9/2017 08:16

Why the drop?

[glenkaz] 13/9/2017 22:39

🤡👍 really pleased for you all ✅

[umitw] 13/9/2017 17:00

I think UBS has increased holdings slightly from the reporting.Some one is buying!

[yazoo1] 13/9/2017 16:38

Another blue day. Have been in and out of this over the last few weeks and long term feel this has great growth potential

[glenkaz] 12/9/2017 18:52

Nice to see ya up again 🤡👌