Provident Financial (PFG)

[Gengulphus]

Please note that the current bid for Provident Financial by Non-Standard Finance is being discussed on that company's thread, and post anything about the bid to that thread rather than this one, to keep the discussion in one place. But any other news about Provident Financial can be discussed in this thread.

Gengulphus

[77ss]

I've been keeping an amused eye on the PFG/NSF saga.

Those interested, may like to read Schroder's letter to PFG:

https://www.investegate.co.uk/provident ... 00042967Y/

Seems to be openly blasting the Woodford/Invesco/Marathon cabal.

[Dod101]

Schroders taking the moral high ground. Good for them I'd say. And of course protecting as they see it their investment in PFG.

Dod

[idpickering]

Trading Update

Fourth quarter trading

The group has delivered results in line with internal plans during the fourth quarter of the year. Vanquis Bank has delivered results modestly above expectations due to favourable delinquency and tight cost control. Moneybarn has continued to deliver attractive receivables growth although performed modestly below internal plan as a result of higher impairment, primarily reflecting the stronger than forecast growth in the year. CCD finished the year well and has delivered results in line with plan. Accordingly, the group expects to report profits for 2019 as a whole in line with market expectations*.

https://www.investegate.co.uk/provident ... 00047982Z/

[idpickering]

Interim results for six months ended 30 June 2020

Here; https://www.investegate.co.uk/provident ... 00041348X/

[roland500]

Thought that the recent statement was sufficiently strong to indicate PFG o.k. for the medium term. Topped up with more PF21.

[idpickering]

Third Quarter Trading Update

Here; https://www.investegate.co.uk/provident ... 00041475E/

[Alaric]

Provident Financial hit by a wave of complaints.

https://www.theguardian.com/business/ni ... e-fcas-lap