PFG.L - Provident Financial plc

LSE - LSE Delayed price. Currency in GBp
430.60
-1.30 (-0.30%)
As of 2:50PM BST. Market open.
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Previous close431.90
Open435.60
Bid430.70 x 25900
Ask430.90 x 44600
Day's range429.32 - 439.44
52-week range428.00 - 716.00
Volume113,158
Avg. volume521,369
Market cap1.078B
Beta (3Y monthly)-0.06
PE ratio (TTM)17.16
EPS (TTM)25.10
Earnings date30 Jul 2019
Forward dividend & yield0.10 (2.21%)
Ex-dividend date2019-05-23
1y target est730.20
  • Reuters - UK Focus8 days ago

    UPDATE 2-FTSE rally out of steam as trade nerves return, BAT slides

    London's main index eased as the latest salvoes in the U.S.-Chinese trade dispute kept investors on edge and weak demand outlook knocked oil shares, while British American Tobacco slid after warning of steeper declines in cigarette sales. The FTSE 100, up for seven days straight after falling more than 3% in a global stock market sell-off in May, and the mid-cap FTSE 250 dipped 0.4% on Wednesday. Oil majors were the biggest drags on the main index as oil prices slid more than 2%.

  • Why I’d buy this Neil Woodford FTSE 250 dividend stock today
    Fool.co.uk12 days ago

    Why I’d buy this Neil Woodford FTSE 250 dividend stock today

    Roland Head highlights a FTSE 250 (INDEXFTSE: MCX) stock that had some good news last week.

  • Provident shares soar as NSF pulls £1.3bn hostile bid
    Sky News15 days ago

    Provident shares soar as NSF pulls £1.3bn hostile bid

    Shares in Provident Financial, the UK's largest payday lender soared on Wednesday after rival Non-Standard Finance decided to pull out of a hostile takeover bid. Subprime loan company NSF announced late on Tuesday that it would not go ahead with its £1.3bn hostile bid, allowing its offer for the Provident "to lapse," just hours ahead of the deal deadline at midnight on June 5.

  • Fallen Money Manager Turns to YouTube to Explain Losses and Stranded Cash
    Bloomberg15 days ago

    Fallen Money Manager Turns to YouTube to Explain Losses and Stranded Cash

    “I am extremely sorry that we’ve had to take this decision,” Woodford, wearing a dark pullover, said in a video posted to YouTube overnight in London. “We understand our investors’ frustration. Former bond king Bill Gross, who enjoyed decades of success, issued a letter to investors in 2011 titled “Mea Culpa” after his fund lagged peers.

  • Reuters - UK Focus15 days ago

    UPDATE 1-Provident Financial buoyed by collapse of hostile bid

    Provident Financial's shares jumped on Wednesday after the collapse of a hostile takeover bid for the doorstep lender by rival Non-Standard Finance. NSF's ditching of its 1.3 billion pound ($1.65 billion) deal late Tuesday ended a war of words lasting several months that pitched institutional investors against each other in the battle to define the strategy of Provident. Provident shares, which have fallen 80% over the past two years, were up 16.6% at 1018 GMT, the top gainer in Britain's mid-cap index, whilst NSF shares were down 4.2%.

  • Bloomberg15 days ago

    Just When Neil Woodford Thought It Couldn’t Get Worse

    As Neil Woodford battled to contain the fallout from gating his flagship fund, the famous stock picker endured another setback on Tuesday as subprime lender Non-Standard Finance Plc’s hostile bid for larger rival Provident Financial Plc foundered. Woodford’s firm is a big holder in both stocks and had backed the union. The tie-up appeared to be in the bag, even if other shareholders objected.

  • Bloomberg15 days ago

    Provident Climbs as Woodford-Backed NSF Abandons Hostile Bid

    NSF has decided to let its offer for Provident lapse, according to a statement Tuesday, confirming an earlier report by Bloomberg News. NSF made an unsolicited offer in February for Provident worth about 1.3 billion pounds ($1.7 billion), and its deadline for getting shareholder approval had already been extended.

  • Reuters - UK Focus15 days ago

    UPDATE 2-FTSE 100 ekes out gains on hopes of Fed rate cut, Provident surges

    London's main index inched higher on Wednesday as comments from the U.S. central bank seen hinting at a rate cut soothed investor nerves, while mid-cap sub-prime lender Provident surged after rival NSF dropped its hostile bid. The FTSE 100 rose 0.1%, up for the third straight session, while the mid-cap FTSE 250 rose 0.3%. Following comments by St Louis colleague James Bullard, U.S. Federal Reserve Chairman Jerome Powell said on Tuesday the bank would react "as appropriate" to the fallout from an intensifying Sino-U.S. trade dispute.

  • Reuters - UK Focus15 days ago

    FTSE 100 ekes out gains after Fed comments, Provident surges

    London's main index inched higher on Wednesday as comments from the U.S. central bank hinting at a possible cut in interest rates soothed investor nerves, while mid-cap sub-prime lender Provident rose after rival NSF dropped its hostile bid. The FTSE 100 rose 0.1%. The mid-cap FTSE 250 had added 0.1% by 0705 GMT.

  • Reuters - UK Focus16 days ago

    UPDATE 1-British money manager Woodford's star wanes over locked fund gate

    Famed for eschewing the tech bubble and sticking with tobacco and pharmaceuticals as others sold out, Neil Woodford's cult status among British money managers is on the ropes after some of his investors were unable to recoup their money. When Woodford struck out on his own from Invesco and launched Woodford Investment Management, billions of pounds flowed into his funds, which often bucked conventional market wisdom and included riskier, less liquid investments.

  • NSF pulls £1.3bn Provident hostile takeover bid
    Sky News16 days ago

    NSF pulls £1.3bn Provident hostile takeover bid

    Subprime loan company Non-Standard Finance has decided to withdraw its £1.3bn hostile takeover bid for Provident Financial, the UK's largest payday lender. NSF announced late on Tuesday that it would not go ahead with the bid, allowing its offer for the Provident "to lapse," just hours ahead of the deal deadline at midnight on June 5. The Competition and Markets Authority launched an inquiry into the bid on May 28 and would have announced whether or not it would refer the takeover for a Phase 2 investigation by July 23.

  • Reuters - UK Focus16 days ago

    UPDATE 1-British subprime lender NSF drops bid for rival Provident Financial

    British subprime lender Non-Standard Finance PLC is dropping its hostile 1.3 billion pound ($1.65 billion) bid for rival Provident Financial PLC, NSF said on Tuesday. After talks with regulatory authorities, NSF's offer for Provident would lapse as the regulatory condition would not be satisfied by Wednesday midnight, the company said in a statement. "As of midnight on June 5, the offer will lapse and will not be capable of further acceptance and Provident shareholders who have accepted the offer will cease to be bound by such acceptances," NSF said.

  • Reuters - UK Focus16 days ago

    Provident Financial investor Janus Henderson to reject NSF's bid

    Lender Provident Financial said shareholder Janus Henderson Investors does not plan to accept the hostile takeover bid for Provident by Non-Standard Finance , adding that more than one-fifth of its shareholders hold the same position. "We have not been convinced of a compelling logic for the combination of NSF with PFG," said Antony Marsden, head of governance and responsible investment, Janus Henderson Investors. In a statement after markets closed on Tuesday, Provident revealed the letter sent to the company by Marsden, noting that Janus Henderson stood by the doorstep lender's strategy and added that recent results suggested good progress towards recovery of the home credit unit.

  • Reuters - UK Focus16 days ago

    UPDATE 2-Woodford fund's shares hit by firm's suspension woes

    Shares in a listed fund run by high-profile British money manager Neil Woodford tumbled by more than 11% on Tuesday after investors were spooked by the previous day's suspension of another of his funds. The Woodford Patient Capital Trust was trading at 67.8 pence a share at 1058 GMT, on course for its biggest daily fall since launching in 2015. It had earlier plunged to a record low of 61.3 pence after investors were blocked from pulling cash from another of Woodford's funds late on Monday.

  • Reuters22 days ago

    UK watchdog probes NSF's hostile $1.6 billion bid for rival Provident

    The watchdog also confirmed NSF had offered to demerge its Loans at Home unit, the UK's third-largest provider of home credit, but raised questions over whether the resulting offshoot would be truly independent. NSF, controlled by funds who also own just over 50 percent of Provident, earlier this month dropped the level of acceptances needed to press ahead with the bid after winning over investors with 53.53% of its shares, well short of its original 90% target. NSF, led by ex-Provident boss John van Kuffeler, set June 5 as the last date on which the takeover may be declared unconditional.

  • Reuters - UK Focus22 days ago

    UK watchdog probes NSF's hostile $1.6 bln bid for rival Provident

    British doorstep lender Non-Standard Finance (NSF) faced a fresh hurdle in its hostile 1.3 billion pound ($1.6 billion)bid for rival Provident Financial on Wednesday as the UK competition watchdog raised questions over the proposed deal. The watchdog also confirmed NSF had offered to demerge its Loans at Home unit, the UK's third-largest provider of home credit, but raised questions over whether the resulting offshoot would be truly independent. NSF, controlled by funds who also own just over 50 percent of Provident, earlier this month dropped the level of acceptances needed to press ahead with the bid after winning over investors with 53.53% of its shares, well short of its original 90% target.

  • Reuters - UK Focus22 days ago

    UK competition watchdog says examining NSF-Provident merger

    Britain's competition watchdog said on Wednesday it was considering whether Non-Standard Finance's hostile takeover of rival Provident Financial would result in a substantial lessening of competition. ...

  • Reuterslast month

    Morningstar cuts Woodford equity income fund to neutral

    Morningstar has downgraded British wealth manager Neil Woodford's £4.3 billion Equity Income Fund to neutral from bronze due to heavy redemptions and risk-taking, the fund rating firm said on Monday. "Persistent redemptions, underperformance, and stock-specific issues, combined with the manager's relentless willingness to push the portfolio to its liquidity limit, have resulted in portfolio positioning that we consider extreme," Morningstar analyst Peter Brunt said in a note. Morningstar awards gold, silver or bronze ratings to funds it considers strongly performing.

  • Business Wirelast month

    FORM 8.5 (EPT/NON-RI) - PROVIDENT FINANCIAL PLC

    LONDON--(BUSINESSWIRE)-- FORM 8.5 (EPT/NON-RI) PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY (“RI”) STATUS (OR WHERE RI STATUS IS NOT ...

  • Reuterslast month

    Britain's NSF presses on with $1.7 billion Provident hostile bid

    Led by NSF's chief executive John van Kuffeler, who is a former boss of fellow subprime lender Provident, the takeover attempt has become increasingly bitter, with NSF saying Provident has been mismanaged. In its defence, Provident has raised concerns about the strategic, operational and financial logic of NSF's offer and its historical dividend payments and share buybacks. NSF, which first made a move in February, said in a statement that its offer was now unconditional in terms of acceptances by investors, with June 5 the last date on which the takeover may be declared "wholly unconditional".

  • Reuters - UK Focuslast month

    Britain's NSF presses on with $1.7 bln Provident hostile bid

    Britain's Non-Standard Finance dropped the level of acceptances needed to press ahead with a 1.3 billion pound ($1.7 billion) hostile bid for Provident Financial on Wednesday after winning over investors with 53.53% of its shares. Led by NSF's chief executive John van Kuffeler, who is a former boss of fellow subprime lender Provident, the takeover attempt has become increasingly bitter, with NSF saying Provident has been mismanaged. In its defence, Provident has raised concerns about the strategic, operational and financial logic of NSF's offer and its historical dividend payments and share buybacks.

  • Reuterslast month

    Prospect of easing trade tensions, weaker pound lift FTSE 100

    The FTSE 100 advanced 0.8% and outperformed its European peers. The FTSE 250 was roughly flat. Markets were initially upbeat after U.S. President Donald Trump said talks between Beijing and Washington had not collapsed, terming the Sino-U.S. conflict as "a little squabble".

  • Business Wirelast month

    Form 8.5 (EPT/NON-RI) - PROVIDENT FINANCIAL PLC

    LONDON--(BUSINESSWIRE)-- FORM 8.5 (EPT/NON-RI) PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY (“RI”) STATUS (OR WHERE RI STATUS IS NOT ...

  • Reuterslast month

    NSF expects to win over Britain's competition watchdog on Provident bid

    The Competition and Markets Authority (CMA) said in February sub-prime lender Provident and smaller rival Non-Standard Finance (NSF) would have to hold off from integrating after any deal, to protect staff and customers while it considers the market impact of combining the subprime lenders. "We fully expect to reach an agreement in principle on an appropriate remedy with the CMA during the initial Phase I review process," NSF said on Monday. "If the CMA's approval has not been received by the date on which all other conditions to the offer are satisfied, NSF will have a decision as to whether or not to waive the CMA condition and proceed to completion," NSF said on Monday.

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