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Plus an ordinary trade buying 1.4m shares at 424
The £16 million UT BUY suggests not everyone takes notice of Canaccord.
Any opportunity to rubbish PFG after NSF,who they supported, lost the takeover.
In June they rated a sell and we went down over 100p based on a forecast in 3 years time,
All other brokers around 550p HOLD.
Did same to Burford Capital. All brokers around 2400p BUY, Canaccord 570p SELL
Anyone know what broker forecasts were?
Can’t make sense of SP target below current level unless earnings fall?
Look forward to receiving your comments (or disdain at Canaccord!) on this, Theborn!
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Down at the other end of the index, Provident Financial led the fallers as analysts from Canaccord cut the stock's target price from 430p to 378p and slashed their EPS and DPS forecasts by 5%, 11% and 17% in FY19-21, respectively.
Provident Financial led the fallers as analysts from Canaccord cut the stock's target price from 430p to 378p and slashed their EPS and DPS forecasts by 5%, 11% and 17% in FY19-21, respectively.
From Share News
Not sure wtf has happened today. 10% dip from nowhere still with strong buying and competition either up or flat. Hopefully holds low until dividend then goes on a run up to trading update. Crazy needless fall. Slightly annoying after some good consistent gains. You just can’t trust it.
Thanks Theborn
Interesting and no I hadn’t seen that before
CSR is important and though it doesn’t always positively correlate with SP the management being able to build a sustainable business must in the long term pay off. Like you I welcome a chance to pick up some more as felt I’d been left behind by recent appreciation in SP which I’d not expected to continue so far ahead of announcement on 7/11
Seems a sector dip today. Hopefully can close 430p. To be honest I wouldn't mind a short term dip ahead of Thursday as I'll be looking to immediately reinvest the dividends.
Not sure if you guys have been tracking but in the background PFG have been announcing a couple of positive non-financial pressure articles in the last two weeks. Last week was about helping set up and fund a charity to help young kids from poor backgrounds get a step up. Then today: https://www.providentfinancial.com/media/newsroom/2019/2019-dow-jones-sustainability-indices-results-announced/
Concerted effort from management I think
Had a run
Profit taking?
No big sellers yet at least and TBH I was beginning to feel it may have gone a bit too far too soon so will ignore volatility and wait until 7 Nov
If it goes back to £4 I may pick up a few more but knowing it’s a big risk
Agree fingers crossed ??
It's more or less holding its own each day and maintaining a gradual upward trend. That's good enough for me right now, Barrie. Let's all keep on hoping that 7/11 doesn't rock the boat.
Usual caveats but good to see 440 bid this morning