Provident Financial Takeover Rumours (PFG)

Provident Financial Chart

Provident Financial Takeover Price

Provident Financial Takeover Forum Posts

Personally, I do not think there is a rational market in this company’s shares currently, you have Woodford who is desperately trying to raise cash for redemptions, and his get out for a reverse takeover by NSF went by the wayside, and you have Invesco and Marathon who both supported the bid now disgruntled shareholders. The falls here do not reflect the trading performance as recent statement suggests an improvement. But I m still in the dark, director buying can not simply be a way of reassuring investors, it has little effect in that department these days, and why would they throw good money after bad! Someone wants to get out at any price, and that is most likely Woodford or Marathon, but a false market exists here!
I think that the market is basically going to force him to liquidate by punishing the stocks he holds, a false market is being created where he is involved. I have never understood why he felt the need to build up such substantial stakes in the companies he is invested in, but that is his way, likewise Invesco too, and I do believe it should be legislated by the FCA unless a takeover/merger is indicated. Woodford may not have broken the law, but his time is up!
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P: V: D:20191205 22:26:18