Provident Financial (PFG)

Sector:

Financials

Index:

FTSE 250

246.40p
   
  • Change Today:
      6.00p
  • 52 Week High: 381.60
  • 52 Week Low: 210.60
  • Currency: UK Pounds
  • Shares Issued: 253.77m
  • Volume: 419,780
  • Market Cap: £625.29m
  • RiskGrade: 247

Card activity declines, despite lockdown measures easing - UK Finance

By Abigail Townsend

Date: Wednesday 16 Sep 2020

LONDON (ShareCast) - (Sharecast News) - Debit and credit card activity eased in June, industry data showed on Wednesday, despite the relaxation of lockdown measures and shops reopening.
UK Finance, the industry trade body, found that the total value of credit card transactions in June rose 22.9% on May, to £12.2bn, suggesting a surge in demand for one-off items such as household goods after an enforced period spent at home.

Eric Leenders, managing director of personal finance at UK Finance, said: "While card activity is still significantly below pre-lockdown levels, there has been steady growth in the value of purchases using payment cards in recent months."

However, the 933m transactions made in June across both debit and credit cards was a 2.7% fall on May, and a 43.1% slide on June 2019.

People also continued to pay down credit cards, a trend seen throughout lockdown, with the annual growth rate of outstanding balances dropping by 13.4% year-on-year in June.

"Lower spending and maintained repayment levels suggest that customers may have used the opportunity to pay down their credit bills and reduce debts," said Leenders.

Online spending accounting for 22% of volumes and 42% of transaction value for the month, compared to 14% and 30% respectively a year previously.

UK Finance also said that 55.6% of all payments in the UK in June were contactless, compared to 42% the year before, totalling £6.5bn, a 15.5% jump on May 2020.

The contactless payment limit was raised to £45 from £30 in April, after Covid-19 saw demand for contactless payment methods spike.

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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 246.40p
Change Today 6.00p
% Change 2.50 %
52 Week High 381.60
52 Week Low 210.60
Volume 419,780
Shares Issued 253.77m
Market Cap £625.29m
RiskGrade 247

PFG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
91.76% above the market average91.76% above the market average91.76% above the market average91.76% above the market average91.76% above the market average
98.35% above the sector average98.35% above the sector average98.35% above the sector average98.35% above the sector average98.35% above the sector average
Price Trend
3.28% below the market average3.28% below the market average3.28% below the market average3.28% below the market average3.28% below the market average
0.73% above the sector average0.73% above the sector average0.73% above the sector average0.73% above the sector average0.73% above the sector average
Income
96.48% above the market average96.48% above the market average96.48% above the market average96.48% above the market average96.48% above the market average
87.01% above the sector average87.01% above the sector average87.01% above the sector average87.01% above the sector average87.01% above the sector average
Growth
64.94% below the market average64.94% below the market average64.94% below the market average64.94% below the market average64.94% 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 20-May-2022

Time Volume / Share Price
16:37 77,500 @ 246.34p
16:35 132,493 @ 246.40p
16:29 24 @ 246.00p
16:29 10 @ 246.00p
16:29 23 @ 246.00p

PFG Key Personnel

Chair Patrick J R Snowball
CFO Neeraj Kapur

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