Provident Financial (PFG)

Sector:

Financials

Index:

FTSE 250

255.20p
   
  • Change Today:
    -4.80p
  • 52 Week High: 381.60
  • 52 Week Low: 210.60
  • Currency: UK Pounds
  • Shares Issued: 253.77m
  • Volume: 192,403
  • Market Cap: £647.63m
  • RiskGrade: 247

Invesco ditches entire stake in Provident Financial

By Michele Maatouk

Date: Tuesday 02 Jun 2020

LONDON (ShareCast) - (Sharecast News) - Invesco Asset Management has placed 30.4m shares of doorstep lender Provident Financial - its entire stake - via an accelerated bookbuild to institutional investors, with Jefferies the bookrunner.
According to traders, the shares, which represent a 12% stake in the company, were placed at 187p each.

Last week, Provident said new business volumes fell 20% in the four months to April 30 as it tightened lending rules in response to the Covid-19 pandemic.

The company, which provides loans for people refused credit by mainstream banks, said there had been a slight recovery in May. Provident said it was in a strong liquidity position, with regulatory capital of £710m equating to a common equity tier 1 ratio of 33.4%.

At 0820 BST, the shares were down 0.5% at 198p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

PFG Market Data

Currency UK Pounds
Share Price 255.20p
Change Today -4.80p
% Change -1.85 %
52 Week High 381.60
52 Week Low 210.60
Volume 192,403
Shares Issued 253.77m
Market Cap £647.63m
RiskGrade 247

PFG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
91.40% above the market average91.40% above the market average91.40% above the market average91.40% above the market average91.40% above the market average
96.69% above the sector average96.69% above the sector average96.69% above the sector average96.69% above the sector average96.69% above the sector average
Price Trend
15.28% above the market average15.28% above the market average15.28% above the market average15.28% above the market average15.28% above the market average
3.65% above the sector average3.65% above the sector average3.65% above the sector average3.65% above the sector average3.65% above the sector average
Income
95.80% above the market average95.80% above the market average95.80% above the market average95.80% above the market average95.80% above the market average
76.62% above the sector average76.62% above the sector average76.62% above the sector average76.62% above the sector average76.62% above the sector average
Growth
66.49% below the market average66.49% below the market average66.49% below the market average66.49% below the market average66.49% below the market average
69.75% below the sector average69.75% below the sector average69.75% below the sector average69.75% below the sector average69.75% below the sector average

What The Brokers Say

Strong Buy 5
Buy 2
Neutral 2
Sell 0
Strong Sell 0
Total 9
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

PFG Dividends

  Latest Previous
  Interim Interim
Ex-Div 21-Apr-22 15-Aug-19
Paid 20-May-22 26-Sep-19
Amount 12.00p 9.00p

Trades for 27-May-2022

Time Volume / Share Price
16:35 99,555 @ 255.20p
16:29 43 @ 256.00p
16:29 49 @ 256.00p
16:29 24 @ 256.00p
16:29 23 @ 256.00p

PFG Key Personnel

Chair Patrick J R Snowball
CFO Neeraj Kapur

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