Provident Financial
PFG: 2,679.21 -65.00 (▼2.38%)
| Bid Price | 2,661.00 | High Price | 2,726.00 |
|---|---|---|---|
| Ask Price | 2,667.00 | Low Price | 2,661.00 |
| Open Price | 2,715.00 | Spread | 0.23% |
| Prev Close | 2,661.00 | Volume | 517,623.00 |
Provident Financial Share Price Chart
Intraday
Historic – 1 year
Provident Financial Share Price Information
| Name | Provident Financial | Epic | PFG |
|---|---|---|---|
| Sector | Financial Services | ISIN | GB00B1Z4ST84 |
| Activites | A leading international company providing home credit, a credit card product, car finance and motor insurance. | Security Type | Equity |
Key numbers
| Latest Share Price (p) | 2,661.00 | Net Gearing (%) | 65.11 |
|---|---|---|---|
| Market Cap (£m) | 4,177.11 | Gross Gearing (%) | 71.33 |
| Shares in issue (m) | 147.65 | Debt Ratio | 65.75 |
| P/E Ratio | 18.64 | Debt-to-Equity Ratio | 0.77 |
| Divs per share (p) | 120.10 | Assets / Equity Ratio | 3.49 |
| Dividend Yield (%) | 4.35 | Price to book value | 5.90 |
| Dividend Cover | 1.43 | SROCE (%) | 13.24 |
| Earning per share (p) | 151.80 | EPS Growth (%) | 20.00 |
| 52-week high / low (p) | 3,622.00 / 2,125.00 | DPS Growth (%) | 22.55 |
Provident Financial Broker Views
| Date | Broker | Rec. | Price | Old target price | New target price | Notes |
|---|---|---|---|---|---|---|
| 05 Dec | Peel Hunt | Add | 2,679.21 | 3130.00 | 3130.00 | Reiterates |
| 01 Dec | Numis | Under Review | 2,679.21 | Under Review | ||
| 15 Nov | Goldman Sachs | Neutral | 2,679.21 | 3000.00 | 3000.00 | Retains |
| 17 Oct | JP Morgan Cazenove | Overweight | 2,679.21 | 3300.00 | 3300.00 | Reiterates |
| 14 Oct | Numis | Hold | 2,679.21 | 2350.00 | Under Review |
Provident Financial Director Deals
| Date | Director | Type | Volume / Price | Trade Value |
|---|---|---|---|---|
| 02 Dec 2016 | Peter Crook | Buy | 1777 @ 868.00p | £15,424.36 |
| 16 Aug 2016 | Kenneth John Mullen | Buy | 5 @ 2833.00p | £141.65 |
| 16 Aug 2016 | Andrew Fisher | Buy | 6 @ 2833.00p | £169.98 |
| 16 Aug 2016 | Peter Crook | Buy | 6 @ 2833.00p | £169.98 |
| 08 Aug 2016 | Kenneth John Mullen | Sell | 1500 @ 2785.00p | £41,775.00 |
| 18 Jul 2016 | Kenneth John Mullen | Buy | 6 @ 2595.00p | £155.70 |
| 18 Jul 2016 | Andrew Fisher | Buy | 5 @ 2595.00p | £129.75 |
| 18 Jul 2016 | Peter Crook | Buy | 5 @ 2595.00p | £129.75 |
| 29 Jun 2016 | Manjit Wolstenholme | Buy | 6533 @ 2279.87p | £148,943.91 |
| 29 Jun 2016 | Andrew Fisher | Buy | 22000 @ 2279.87p | £501,571.40 |
| 29 Jun 2016 | Peter Crook | Buy | 25000 @ 2279.87p | £569,967.50 |
| 14 Jun 2016 | Kenneth John Mullen | Buy | 6 @ 2646.00p | £158.76 |
| 14 Jun 2016 | Andrew Fisher | Buy | 6 @ 2646.00p | £158.76 |
| 14 Jun 2016 | Peter Crook | Buy | 6 @ 2646.00p | £158.76 |
Provident Financial Company News
Director Deals – Provident Financial PLC (PFG)
Peter Crook, Chief Executive Officer, bought 1,777 shares in the company on the 1st December 2016 at a price of 868.00p. The Director now holds 228,127 shares.
Story provided by StockMarketWire.com
Director deals data provided by www.directorsholdings.com
Sterling advance after inflation rise warning
Sterling gained in response to Carney’s comments that inflation will rise. The FTSE 250 advanced 0.6% to 17,980.
The FTSE 100 also remained in positive territory as financial stocks, including Barclays (BARC) and Royal Bank of Scotland (RBS), gained up to 2.3%.
Supermarket chain Tesco (TSCO) gained 4.3% to 203.4p, while Unilever dipped lower to £35.65 following the resolution of Marmite-gate.
West Texas Intermediate (WTI) dropped 0.5% to $50.19 and Brent crude oil slipped 0.6% to $51.73 per barrel, respectively.
Copper was flat at $4,651 per tonne and gold cheapened 0.3% to $1,251 per ounce.
FTSE 100 RISERS AND FALLERS
Sub-prime lender Provident Financial (PFG) nudged lower to £30.37 as it warned that UK regulation remained a risk to its performance.
FTSE 250 RISERS AND FALLERS
Asset manager Man Group (EMG) traded 14.7% higher at 124.7p on a $25m (£20m) acquisition of Aalto, a real estate equity and debt strategies specialist with $1.7bn of assets under management (AuM). AuM at Man increased $1.3 billion despite poor performance in its trend-following AHL strategies.
SMALL CAP RISERS AND FALLERS
Aureus Mining (AUE) raised $72m via an equity fundraising to fund its transition to an owner-operator mining model and repay money to Nedbank and FirstRand Bank.
NU-Oil and Gas (NUOG) raised £532,000 through a shares placing to help implement the company’s stranded and marginal field strategy, as well as general capital purposes.
Investors were feeling more comfortable at Independent Resources (IRG) after 10.7% shareholder Brandon Hill provided an unsecured loan of up to £340,000. Shares in the micro cap oil explorer surged 41.2% higher to 0.12p.
Graphene nanoplatelets producer Applied Graphene Materials (AGM) secured its first production order and commercial application, triggering a share price rise of 16.2%.
Grafenia (GRA) dropped 11% on a cautious trading update, which reported that August was trading lower compared to the year before. Trading improved in September, but needs to continually improve to meet market expectations.
Plastic products supplier Carclo (CAR) acquired Precision Tool & Moulding for $5.5 million and reported solid trading in the six months to 30 September. The firm said it will raise £8m from institutional investors after a blow-out in the company’s pension deficit earlier this year forced a cancellation of its dividend.
Barbados-focused Elegant Hotels (EHG) fell 4% to 64.3p on a warning that bookings were hit by the Brexit vote. Approximately 70% of its customers come from the UK and the pound weakened against the Bajan dollar by 17% since the referendum, making holidays more expensive.
Franchise Brands (FRAN) declined 5% to 58.9p on news finance director Andrew Mallows resigned, only weeks after the repair franchising firm’s August IPO.
Story provided by StockMarketWire.com
Rebounding mining stocks push FTSE higher
The end of the Marmite-gate scandal between Unilever (ULVR) and Tesco (TSCO) and rising mining stocks pushed the FTSE 100 0.9% higher to 7,041.
Supermarket chain Tesco (TSCO) gained over 3% to 201.2p, while Unilever dipped lower to £3,565.
UK construction output declined further than expected by 1.5% in August, according to the Office for National Statistics.
West Texas Intermediate (WTI) crude oil climbed over 1% to $51 and Brent crude oil rose 0.7% to $52.41 per barrel, respectively.
Copper and gold were flat at $4,673 per tonne and $1,253 per ounce, respectively.
FTSE 100 RISERS AND FALLERS
Sub-prime lender Provident Financial (PFG) nudged lower to £3,031 as it warned that UK regulation remained a risk to its performance.
FTSE 250 RISERS AND FALLERS
Asset manager Man Group (EMG) traded 13.2% higher at 123p on a $25m (£20m) acquisition of Aalto, a real estate equity and debt strategies specialist with $1.7bn of assets under management (AuM). AuM at Man increased $1.3 billion despite poor performance in its trend-following AHL strategies.
Investors were muted in their response to emerging markets-focused asset manager Ashmore (ASHM) after it reported third quarter AuM gained $2 billion.
SMALL CAP RISERS AND FALLERS
Investors were feeling more comfortable at Independent Resources (IRG) after 10.7% shareholder Brandon Hill provided an unsecured loan of up to £340,000. Shares in the micro cap oil explorer surged 32.3% higher to 0.11p.
Graphene nanoplatelets producer Applied Graphene Materials (AGM) secured its first production order and commercial application, triggering a share price rise of 9.2%.
Grafenia (GRA) dropped 11% on a cautious trading update, which reported that August was trading lower compared to the year before. Trading improved in September, but needs to continually improve to meet market expectations.
Plastic products supplier Carclo (CAR) acquired Precision Tool & Moulding for $5.5m and reported solid trading in the six months to 30 September. The firm said it will raise £8m from institutional investors after a blow-out in the company’s pension deficit earlier this year forced a cancellation of its dividend.
Barbados-focused Elegant Hotels (EHG) fell 3.8% to 64.4p on a warning that bookings were hit by the Brexit vote. Approximately 70% of its customers come from the UK and the pound weakened against the Bajan dollar by 17% since the referendum, making holidays more expensive.
Shares in miner Diamondcorp (DCP) rose 3% despite consulting shareholders over a potential cash injection after talks broke down with a convertible equity provider. It warned the business may not be able to keep trading if it cannot raise new money.
Franchise Brands (FRAN) declined 4.8% to 59p on news finance director Andrew Mallows resigned, only weeks after the repair franchising firm’s August IPO. Story provided by StockMarketWire.com
Broker Forecast – Liberum Capital issues a broker note on Provident Financial PLC
Liberum Capital today reaffirms its hold investment rating on Provident Financial PLC (LON:PFG) and raised its price target to 2595p (from 2256p).
Story provided by StockMarketWire.com
FTSE surges higher on miners amid Brexit concerns
London stocks were heading north on opening, with blue chips guided by a string of miners, supermarkets, retailers and financials and chronic Brexit concerns.
The export-rich UK stock market is again continuing its generally chipper run higher as sterling tanks on Brexit concerns.
Traders will focus on a High Court case linked to PM Theresa May’s rights to trigger Article 50, and also developments concerning a possible second Scotland independence referendum.
Soon after the open, FTSE 100 was up 43.4 points, or 0.62%, to 7021.14 and FTSE 250 was up 80.85, or 0.45%, to 17,958. At 8.34am, WTI crude was up 0.99% to $50.94/bbl and Brent was up 0.5% to $52.29/bbl. Gold was down 0.1% to $1256.3/oz.
Rio Tinto (RIO) guided miners up with a 2.8% surge to 2648.25p, and was chased by Anglo American (AAL), up 2.49% to 1015.25p, and BHP Billiton (BLT), ahead 2.24% to 1210.5p.
Tesco (TSCO) led a string of supermarkets higher, adding 2.48% to 199.93p, while Burberry (BRBY) guided high-street retail with a 1.9% acceleration to 1528.5p.
Also up were lenders HSBC (HSBA), rising 1.45% to 617.75p, and Standard Chartered (STAN), ahead 1.49% to 650.85p. Several insurers, investment specialists, utilities and airlines sortied higher, too.
Provident Financial (PFG), down 0.39% to 3067p, said it has continued to perform well and produced a third-quarter profit performance in line with its internal plans.
Blue-chip risers outnumbered fallers 79 to 21, with about 22 up by 1% or more.
Gold-sensitive miners Fresnillo (FRES), down 1.05% to 1648.5p, and Randgold (RRS), off 0.46% to 6997.5p, were retreating. Leisure and pharma stocks also tended lower.
BIGGER MOVERS
Independent Resources (IRG), up 17.02% to 1.38p, has entered into a loan agreement for an unsecured loan of up to £340,000 with Brandon Hill Capital Ltd, an existing shareholder and debt holder in the Company.
DiamondCorp (DCP), up 16.67% to 1.93p, said a third party has quit from talks about a convertible-debt facility due to its share price. DCP is in accelerated talks with certain shareholders over securing necessary additional funding of about £0.5m, without which it is unlikely to be able to continue trading as a going concern.
Grafenia (GRA), down 13.58% to 8.75p, said whilst post-Brexit vote trading was difficult, the improvement since the summer and the encouraging increase in the number of Nettl and printing.com Brand Partners, means that, provided trading continues to improve, market expectations remain achievable.
LONDON HIGHLIGHTS
Man Group (EMG), up 12.6% to 122.4p, is to acquire Aalto Invest Holding AG and launched Man Global Private Markets, forming the firm’s private markets offering. It also said funds under management rose 6% to $80.7bn during the quarter ended Sept. 30, from $76.4bn at June 30.
Milestone (MSG), up 6.56% to 1.63p, announces the launch of its unique Alchemy digital media platform and the commencement of its first social impact fundraising campaign, the Metropolitan Police’s Divert scheme.
Applied Graphene Materials (AGM), up 5.08% to 155p, has secured its first production order and commercial application.
Elegant Hotels Group (EHG), down 2.24% to 65.5p, expects its FY results will be in line with market expectations.
Consort Medical (CSRT), up 2.21% to 1132.5p, said that Bespak has entered into a master development agreement including key commercial supply terms with a leading global biopharmaceutical company.
Carclo (CAR), down 1.85% to 125.88p, continues to trade well in the current financial year and its trading performance remains in line with directors’ expectations for the year ending 31 March 2017. Carlco also said US subsidiary CTP Carrera Inc has acquired Precision Tool & Molding LLC.
ITM Power (ITM), up 1.73% to 22.38p, has signed a fuel contract, selling hydrogen at £10/kg, with Arval (BNP Paribas Group) a global leader in car and van leasing.
Other stocks in the news included Quadrise Fuels International (QFI), Tritax Big Box REIT (BBOX), KazMunaiGas (KMG), Weatherly (WTI), Inland Homes (INL), DCC (DCC), Shanks (SKS), Telit (TCM), Ashmore (ASHM) and Ambrian (AMBR).
Story provided by StockMarketWire.com
