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*IF anything
Basically asking what risks come with it? I realise woodfords a major reason why the SP is so low what else could of anything pull it down further apart from Woodford? Don’t mean to sound realistic just hoping to get a good understanding
Thanks TheBorn this is good reading and IF there is a recession we have to be realistic SP will be effected but theres no chance of them Going bust?? I keep looking here but have funds tied up elsewhere they may become available soon so just starting to look more closely here but not got much knowledge of it so excuse my amateurish questions and thanks for the reply!!
My honest view is this will be back £20+ in that time horizon. In 12 months home credit will be back in profit and delivering £50m+ in midterm; vanquis move from sub-prime to near-prime completed so profits increasing there to £220m+; and provided no blow-out in the auto industry then moneybarn £50m+. Earnings per share back in the £1.50 range should see the SP comfortably north of £20. Earnings £2+ then should be looking at £30 range. Entirely feasible if management continue the progress and keep regulator on side. Particularly as all PFG competitiors will be in line for a shake down from the FCA and some like NSF might even go pop (they can’t pay out dividends from capital and keep making losses for even.....the road ends somewhere)
TheBorn do you have a target share price for PFG in say 3-4 years and is there much opportunity for dividend to Grow also within this timeframe??
Trying to put a positive spin on it, it is ever-so-slightly starting to edge back up again after the recent ridiculous 350s (wish I'd had money left over to fill my boots then!), even if it can't hold onto its daily highs. As others have said, roll on 7/11 for some hopefully proper positive news followed by some proper SP movement.
I wonder whether there has been another institution buy today....sells £1m , buys £2m? I'm assuming another RNS tomorrow confirming the purchase of Invesco's sale a few days ago. I wander if its Coltrane topping up their stake again today?
And Theborn calls the ball and we close at 410 as you predicted but still a gain is a gain ??
this thing cant hold on to any substantial gains. Its like a rollarcoaster. Gets to the top then craps itself.
So turns out it was Invesco selling down more - I suspect we'll see another RNS later seeing Coltrane or another large investor increasing by a similar amount.
Great news as far as I'm concerned. Could only be trumped if it was Woodford himself selling down. Let's wait and see.
im going agaisnt my own practial advice. Going to try day trading it..
I’d like that as feel I could justify one more bite close to £4 and then try to hold my nerve as long as possible Will be watching the “O” and “UT” trades at close for large amounts
We'll probably be back below £4 by close of play today so have another chance to load up then.
This thing just cant hold any sort of consistent gain. All well and good spiking 5% intraday but get zero momentum when closing flat. FTSE up 1% today so no excuse for PFG not to be 5%+ up by close. If I had to bet I'd say 410p close possible but 405p or less more likely.
Putting things in perspective though PFG is only just at a one month high and three months ago it was £5 so I’m imagining best case is a saw tooth upward move or maybe it’ll spike if a) Directors buy ahead of embargoed period pre announcement or b) an institution senses it’s now or never to get a bargain but I’m now too close to my average to pursue the weighting down strategy and just have to decide if I want to risk more for a larger but uncertain upside or smaller nearer term hit and it’s always that dilemma that haunts any small investor who simply can’t take a very long term view on a share or sector
Hi barrie
Yes, I thinks short have been a fair bit last time I looked.
Thoughts are with the people of NYC this morning and all those who were affected by 9/11
Pleasing to see the rise in the price which has exceeded yesterday’s level
Will look out for evidence of volume purchases
Wonder if short positions have been taken out?
Hows things guys. Theborn, Barrie. Any thoughts for today?