Share Name Share Symbol Market Type Share ISIN Share Description
Provident Financial Plc LSE:PFG London Ordinary Share GB00B1Z4ST84 ORD 20 8/11P
  Price Change % Change Share Price Shares Traded Last Trade
  -5.90 -3.03% 189.00 310,364 16:35:25
Bid Price Offer Price High Price Low Price Open Price
187.90 188.40 200.40 187.90 199.60
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonequity Investment Instruments 807.80 -113.50 -32.90 479
Last Trade Time Trade Type Trade Size Trade Price Currency
17:57:34 O 9,619 191.032 GBX

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Provident Financial Forums and Chat

Date Time Title Posts
30/3/202123:46good for a short on tonights PANORAMA?19
15/2/201914:39Why is the management of this company letting over-zealous politician destroy it4

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Provident Financial Daily Update: Provident Financial Plc is listed in the Nonequity Investment Instruments sector of the London Stock Exchange with ticker PFG. The last closing price for Provident Financial was 194.90p.
Provident Financial Plc has a 4 week average price of 187.90p and a 12 week average price of 187.90p.
The 1 year high share price is 383.80p while the 1 year low share price is currently 187.90p.
There are currently 253,615,794 shares in issue and the average daily traded volume is 353,375 shares. The market capitalisation of Provident Financial Plc is £479,333,850.66.
theborn: A colleague who is also an investor in PFG asked some questions to PFG via email to be addressed at the AGM tomorrow. PFG kindly provided responses to these. Obviously, none of this information is market sensitive but given some responses address points often raised on these PFG notice boards I thought I would share for the benefit of fellow shareholders: q1) Appreciate purpose of AGM is to approve or reject specific actions. As some of those actions relate to dilution of the share base the current shareprice, about to dip below £2, cannot be ignored. I would appreciate an indication from management as to performance during the current year and their view on what must be done to address the falling share price. - a1) We published our first quarter update in May, covering the trading period from January to March, and we plan to release our half year results at the end of July this year. This will cover the period from Jan to June 2022. I am unable to provide a more wholesome trading update outside of those updates. However, you will see in our first quarter update that asset quality across the business remained high and the underlying credit demand from customers was strong. We have no current plans to dilute the share base. The Board and I share your disappointment with the share price. However, with such an uncertain economic backdrop at present in the UK and high levels of volatility across equity markets, we must focus on making sure that we support our customers by providing them with the assistance they need and managing the things within our control. q2) Linked to above, shareholders who have stuck with PFG deserve to know what management expectations actually are for this year and future years. Trading updates often refer to 'in line with management expectations' but I've never seen these expectations explicitly set out at the start of the year? I appreciate analysts have their views, but if PFG are linking management views to a particular analyst consensus this needs to be made clear. I want to know what EPS and divi target is for current year and 3 year look ahead. - a2) I am unable to provide you with what our internal budget and forecast models say about the financial direction of the company. References to “in-line with management’s expectations” are designed to provide shareholders and the market with an element of comfort that the external perception of how we are performing as a business matches that of the stock market. q3) Update on provisioning and portfolio performance in the current high inflationary environment. - a3) Please refer to our first quarter trading statement on our website for the most up to date information. q4) Update on the personal loan pilot which has been referred to a lot in past 18 months. Is this now delivering positive returns?- a4) As stated within our first quarter trading statement, the personal loans pilot phase will be assessed at the end of June and an update will be provided end July.
theborn: I do sympathise with what you are saying, as the 'in-line with management expectations' does indeed get reeled out a lot. And there probably is still a lack of trust around events of the past few years. We'll know more with the half year update which should arrive in c.6 weeks. However, my argument is based on the current share price in relation to how the company sits today. This share was trading at £5+ even in the peak of the PFG meltdown and is today trading at 250p despite an analyst consensus of FY22 earnings of c.40p ps. I'm not saying this is a £10 share today, but if the price started with a £4 there won't be too many people arguing the financials don't support it. It's undervalued, and in my opinion significantly.
1cutandrun: I've read the recent posts on here and have to say this. Please read my post of 11th Aug 2021. I have said many times that PFG are really experienced at writing updates and reports. Positives are highlighted and negatives are either left out or glossed over, so you have to take note what is not mentioned. The 19th May update, is it really good? In-line with management's expectation. Can someone please tell me what their expectation is on customer growth? New customer bookings increased by approximately 25% year-on-year, this sounds good, a positive, but did the customer base increase, I doubt it as they haven't mentioned it and Vanquis keep losing customers. In their last report they stated they had cleared out the dead wood as an excuse to cover up the customer loss. Vanquis has always had dead wood and they still lost customers. I stated in my post 11th Aug, if they don't increase their customer base they will have big problems and that's exactly what has happened. Yes they can make profit and pay a dividend but they need customer growth for the company to expand and that is not the case at the moment.
theborn: This misalignment to market is starting to become a farce. If you plot a simple 6 month chart comparing Ftse to PFG, PFG is currently down 30% and ftse is up 7%. That's effectively a 40% fall vs market despite positive trading updates and buy ratings and pricing upgrades. Algos keep hammering this share. It's due a huge catch up. It has to be due in my opinion.
scemer: Have to agree theborn we'll tidy business now going forward all to play for expect rising dividends and share price
theborn: Positive trading update this morning. Once again the overall market as dragged pfg down. £5+ share trading at £2.30, thanks to algo trading. Shore Cap reiterated buy with target >£5. Barclays overweight with target £4.20. Something has to happen on this share soon IMO.
wad collector: Glad my pessimism was ill founded, almost up to a tenth of my buying price now!
discodave45: Current unemployment is about 3.9% (1.34m). Some forecast this may double for 2020 (Https://, but as ever nobody knows.That aside during the financial crash PFG share price was £4 but continually rose for 7 or so years and hit £ did more than okay post economic downturn and I wouldnt mind that sort of return again!.
dual: Woodford in trouble... this is probably why PFG share price has fallen for the past week.. Woodford will need to sell.I think this is the beginning of the end of Woodford Investment and with it NSF.
grahamg8: Sorry Invictus "PFG" don't get to choose the take out price. The shareholders do. And according to NSF it's all done and dusted. IF a rival bidder can be teased out then the price could be driven up. Try to be too greedy and NSF will simply walk away and the PFG share price will drop like a stone. It isn't exactly clear what the NSF shareholders get out of this, so the biggest hurdle might be getting them to agree to the deal at the current offer price.
Provident Financial share price data is direct from the London Stock Exchange
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