|Bid||900.00 x 25900|
|Ask||990.00 x 44600|
|Day's range||937.40 - 965.82|
|52-week range||426.60 - 3,284.00|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||1.35 (14.35%)|
|1y target est||1,056.00|
Shares in FTSE 250 (INDEXFTSE: MCX) firm Provident Financial plc (LON: PFG) have recovered lately but Edward Sheldon isn't buying just yet.
G A Chester discusses whether Provident Financial plc (LON:PFG) and another fallen growth star are now brilliant recovery buys.
M&A activity spiced up a choppy European trading session on Tuesday as Comcast made a surprise counterbid for pay-TV group Sky (SKYB.L), sending its shares soaring. The pan-European STOXX 600 (.STOXX) closed down 0.2 percent at 382.26 points, while U.S. markets dipped after Fed Chairman Jerome Powell said data pointed to a strengthening economy, increasing his confidence that inflation would rise. At the European close, the Dow Jones Industrial Average (.DJI) was down 0.06 percent, the S&P 500 (.SPX) lost 0.3.
M&A activity spiced up a choppy European trading session on Tuesday as Comcast made a surprise counterbid for pay-TV group Sky, sending its shares soaring. The pan-European STOXX 600 closed down 0.2 percent ...
Hedge funds were caught out by a big short in Provident Financial (Other OTC: FPLPF - news) when the British sub-prime lender revealed plans to shore up its balance sheet on Tuesday, triggering a squeeze which drove a near 90 percent spike in its share price. Provident's 331 million pound ($462 million) fully underwritten cash-call was smaller than the 500 million pounds some had expected, catching a number of hedge funds on the hop and potentially exposing them to losses on their trades.
The owner of credit card lender Vanquis, the troubled doorstep lender Provident Financial (Other OTC: FPLPF - news) , has been fined almost £2m and ordered to repay £169m to customers. The Financial Conduct Authority (FCA) said Vanquis is to hand back interest charged to customers sold an add-on product called Repayment Option Plan (ROP) which was not fully explained. The compensation, the regulator said, covers charges from June 2003 to 31 March 2014 paid by 1.2 million of its 1.7m customers.
The rights issue is the first sign of a long-awaited turnaround in the company which lost 70 percent of its value last year when it swung into the red after two profit warnings, that prompted the departure of CEO Peter Crook and the suspension of its dividend. It has also been under investigation by Britain's financial watchdog. Provident said the rights issue was backed by its two largest shareholders Invesco Asset Management and Woodford Investment Management, and would meet the costs of resolving a probe by the Financial Conduct Authority (FCA) into its Vanquis Bank unit.
Shares in troubled Provident Financial (Other OTC: FPLPF - news) soared by more than 80 percent on Tuesday after the British sub-prime lender announced a 331 million pound ($462 mln) share sale that will increase its capital by more than a third. The rights issue is the first sign of a long-awaited turnaround in the company which lost 70 percent of its value last year when it swung into the red after two profit warnings, that prompted the departure of CEO Peter Crook and the suspension of its dividend. It has also been under investigation by Britain's financial watchdog.
Comcast (Swiss: CMCSA.SW - news) 's bid for pay-TV group Sky and strong results from housebuilder Persimmon kept Britain's FTSE 100 in positive territory on Tuesday, as investors awaited the first public comments from Jerome Powell as chairman of the Federal Reserve. Traders will watch closely to see whether Powell continues on the gradual monetary rate path pursued by his predecessor Janet Yellen, or whether he will take a more hawkish approach.
** Shares of troubled Provident Financial up 75 pct, biggest boost to FTSE midcap index ** Three traders say a smaller-than-expected rights issue has set off a short-squeeze as hedge funds attempt to cover ...
Provident Financial Plc settled of one of the regulatory probes that has hobbled the U.K. subprime lender since last summer, driving the shares up the most in almost 29 years.
By Kit Rees LONDON (Reuters) - Britain's top share index rallied on Monday, shaking off last week's slight decline as firmer commodity stocks and Associated British Foods propped up the FTSE. The blue ...
Britain's top share index rallied on Monday, shaking off last week's slight decline as firmer commodities stocks and a rise in Associated British Foods propped up the FTSE. The blue chip FTSE 100 index ...
** Shares of troubled sub-prime lender down 6.8 pct ** Provident Financial intends to raise as much as 500 mln pounds to pay fines and repair balance sheet, Sunday Telegraph reports ** Rights issue could ...
Falling knives Dignity plc (LSE: DTY) and Provident Financial plc (LSE: PFG) could prove a sharp investment today, says Harvey Jones.
Le May, appointed to Provident's board in 2014, fills a position that has been vacant since August when a second profit warning in quick succession prompted the departure of CEO Peter Crook and suspension of its dividend.
Troubled Provident Financial has appointed acting chairman Malcolm Le May as its CEO with immediate effect, it said on Friday, giving him the challenge of reviving its door-to-door lending operations.
The struggling doorstep lender Provident Financial (Other OTC: FPLPF - news) will take the unusual step on Friday of moving its acting chairman into the role of permanent chief executive. Sky News has learnt that Provident, whose brands include Vanquis Bank and Moneybarn, will appoint Malcolm Le May, one of the City's most experienced figures, as its new CEO. The appointment, which sources said was due to be announced on Friday morning, will come nearly six months after Peter Crook was ousted as the company's chief executive following a savage profit warning and regulatory probe.
Provident Financial is expected to make an announcement about the appointment on Friday, the report said, citing sources. A representative from Provident Financial said the company did not have a comment on the report. The lender's senior independent director, Stuart Sinclair, is expected to become the acting chairman as the board finds a long term chair, the report said.
British lender Provident Financial Plc (Other OTC: FPLPF - news) will appoint its interim executive chairman, Malcolm Le May, as the company's new chief executive, Sky News reported on Thursday. Provident Financial is expected to make an announcement about the appointment on Friday, the report said, citing sources. A representative from Provident Financial said the company did not have a comment on the report.
Andy Parkinson, who headed Provident's doorstep lending unit, has a hearing scheduled for mid-April, The Times reported, without citing sources. The company is also seeking an executive chairman after the sudden death in November of former investment banker Manjit Wolstenholme, who took the helm in 2017 and was charged with turning around the business. Wolstenholme announced changes to the consumer credit division's management structure in August, with Chris Gillespie, who had been managing director of Provident's consumer credit division, rejoining to replace Andy Parkinson.
Jan 29 (Reuters) - Britain's FTSE 100 index is seen opening 18 points higher at 7,683.7 on Monday, according to financial bookmakers. * CARILLION: British construction outsourcing company Carillion Plc ...
With its core business trending in the right direction, will 2018 be a year of huge returns for Provident Financial plc (LON: PFG)?