London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Thanks Theborn useful analysis
I’m sorely tempted to pick up a few more at this level or just below gambling on good year’s results and solid Q3 but know it’s nothing more than naked speculation
Jandialbi - that's an old figure.
If you dig back thru the holding RNSs you'll find his most recent. Believe it was on 6 June he reduced from just under 24% to 18.43%, so closer to 46m shares.
If he reduces at any point it will be obvious as a) you'll see a big share sale vs the usual minimal daily volume; and b) if it is him selling, you'll have an RNS within 24 hours of that share sale showing his new % holding.
He won't be selling anything in the foreseeable future if you ask me. He's all in on the chips now so will be hoping for a successful Brexit; a solid Q3 update then an opportunity to dump a few more shares a >£5 in early November. We'll be stagnating until then as no PE buyer will be wanting his shares yet when there is a reasonable chance he'll have to take a low ball offer should Brexit implode.
Woodford holding.......60,824,768 ..... 24%
Have we any idea about Woodford holding now or when the next disclosure of it is due to be reported to market? I suppose until it’s nil the market will see shares are going to be sold?
Because the share is viewed as a P.O.S by the market. And Woodford just makes it all the 5hittier.
I share your frustrations. I jut want to know why, surely there is a reason?
And again. FTSE opens -0.3% down....PFG -1.8% down.
Always seems we have a 5x multiple on the fall and only a 1.5x multiple on the rise. Something has to give soon otherwise logically the price eventually ends up at £nil.
Amigo is up again today. About 30% on the week. Off no news. Yet PFG again is down on the week. Everything on this is red on the stats - 1 wk, 1 month, 3 month, 6 month, 12 month, 1 yr, 2 yr...... it has to turn a corner soon as the business is in far far far better shape than it was a yr ago, yet all the above price performance doesn’t reflect it.
Sooner Woodford rucks off the better
Amigo and Morses both up 10% today, NSF up 6%. NSF had awful results yesterday, Amigo and Morses no news...yet all up 6-10%.
PFG, the leader in the same sector....up 1.6%.
This was my earlier point about the correlation with the market. FTSE up 1.1% today, when its down 1.1% we are down around 5%. Up 1.1% we are up only 1.6%. The maths isn't working somewhere. PFG is due a rocket uplift at some stage, but God knows when.
They've just changed the date as it was 31/10. Probably a sensible move give that was Brexit D-Day. Also combining with their capital markets day on 7/11 is a good PR exercise.
I think limited news will come out before then, except as you say potentially the FCA investigation ending in full, but they may save that news as a booster to announce with Q3 update.
Share price until then is going to continue to be at the mercy of the global market volatility and the odd bit of negative news on Woodford which invariably seems to drop once a fortnight.
GLA
well I am hoping its sooner to say that the FSCA have finished their investigation regarding moneybarn
Next news for PFG is Q3 trading update on 7 Nov
Aug 20 (Reuters) – Lender Non-Standard Finance posted a massive first-half loss on Tuesday, partly due to costs related to its failed takeover attempt of larger rival Provident Financial , while a strong market demand led to a jump in adjusted earnings.
After months of back and forth between the sub-prime lenders, NSF dropped its unsolicited 1.3 billion pound bid to for Provident in June.
It took a charge of 12.7 million pounds related to the failed deal, leading to a much bigger loss of 22.8 million pounds ($27.62 million) for the six months ended June 30 compared with 2.6 million pounds a year earlier.
However, customer additions and a strong loan book helped its normalised earnings climb 12% to 6.3 million pounds.
Total loan book expanded 26% to 335.6 million pounds, thanks to strong demand for guarantor loans, which jumped 53% in the period. A guarantor loan is a type of unsecured loan which needs a guarantor to co-sign the credit agreement.
NSF declared an interim dividend of 0.7 pence per share, which was 17% higher than a year earlier but below the 20% rise it announced in mid-2018.
The lender, which provides credit to people who do not meet the lending criteria of mainstream banks, said it was well-placed to meet full-year targets despite macroeconomic uncertainties.
"We are continuing to see a strong level of demand in both branch-based lending and guarantor loans while in the more mature home credit market, demand remains steady," NSF Chief Executive Officer John van Kuffeler said.
($1 = 0.8254 pounds)
(Reporting by Muvija M in Bengaluru; Editing by Arun Koyyur) ((muvija.m@tr.com; within UK +44 20 7542 1810, outside UK +91
80 6749 3638;)
© Thomson Reuters Limited. Click for restrictions