Member Info for Barrieprov

If I had balls of steel I’d buy at 238 but I’ve already got 3000 shares at an average just over £3 so it’d be hard to average down so I’m just resigned to a long road back though it’d be nice to think that if news were to be good the shares would move rapidly up

Hope so Theborn I’m sitting with a substantial deficit I don’t really understand but assume it’ll take another trading update to start to move the share plus an upbeat forecast if that’s possible.

One thing I note is it’s difficult to get info on trading updates and announcements on their site which isn’t helpful

Too right opulentia
Seems a one way Street with this diode Parliament
Anyway it looks like hit to Shell isn’t changing its fundamental investment case

I think it’ll be interesting to see how tax relief plays out on investment

I’m worried the government will retaliate with WFT

Unless I’ve misread result of AGM

Holly1

Sunak and his tax evading wife are worth £730m and number 222 on top 250 wealthiest in U.K. so naturally he has empathy with poor people! Wonder if his smile would freeze if we levied a windfall tax on his and his wife’s shareholdings? Back to now I’ll continue to back private enterprise but am buying North American equities as they’ve fallen to nearer a value point and becoming circumspect about the U.K.

Caipi65

Problem with U.K. is stupid people who read the Daily Mail having their minuscule brains dry cleaned by the Tories

They literally believe Johnson is doing a fantastic job and is being pilloried for letting his disheveled hair down or spreading his seed around the populace - he’s blond of course and ultimately no matter how hard Sunak tries he’s the fall guy struggling to get his mojo reinstated - any government who can waste £37b on track and trace could find the money to credit poor people’s energy bills without messing with a crowd pleaser of WFT that’ll dissuade investment in a kleptocratic short term thinking U.K. government influenced economy - watch this space but CNA price is fighting back - the company will still be around when Johnson is in diapers and his young bride has ditched him - I’m holding but DYOR and GLA

Took another bite at 79.46 - despite government’s confiscatory policy to curry favour with electorate and bury party gate this is IMHO is a less risky play on the sector than big oil which I’m in big time but equally nervous about.

I’m in CNA as an alternative to stuffing £50 (hate polymer ones by the way) under the mattress - holding for yield and if one day I manage to turn a profit then happy days

GLA and DYOR as these could fall further but hopefully not too much more!

Pernix my CNA shares down 11% this morning so let’s hope not

I’ll average down and sell out and hold my Shell but the government panders to their cheerleaders do they can put partygate behind them

https://uk.advfn.com/stock-market/london/provident-financial-PFG/share-news/Provident-Financial-PLC-Provident-Financial-plc-Q1/88155038

For anyone who hasn’t read RNS

Me too Lngtimeholder been a hell of a ride and I’m on target to realise a £25K profit on my modest holding so kicking myself I didn’t back my hunch it was a once in a lifetime opportunity and bet the ranch by buying 10,000 shares at £8.50 which would’ve made c £150 K inc dividends by now.
Then again a lot of hindsight in there and no one should gamble what they can’t afford to lose even on Shell! GLA and I’m particular those holding out for £30 / share which I believe could happen in 1-3 years from now

Theborn

I share your frustration

I think the problem with PFG is a perception that their near prime target market who are less used to budgeting represent a higher default risk as they struggle to pay bills and seek lenders like the company we own shares in.

My average is 80p above current price so I’m going to have to wait a while to be back in the money but will hold for st least one, maybe two sets of results to see if my loyalty isn’t misplaced! GLA and DYOR but if I didn’t already have a significant position I’d buy as a recovery stock

$112 over night
Will be interesting to see how Shell opens

Aliveandkicking

Hope you’re wrong about Shell SP but I’ve sold some just in case at 2319 and 2308 last Friday week and yesterday respectively on the bounce but am not inclined to try to trade the share as my timing always sucks

I’m a holder for the remainder but agree with everything you say about government and Johnson who’s a fibbing public schoolboy who’d be totally out of his depth in a rain puddle
I doubt the people who need help will ever be satisfied by a Tory government who frankly I think want to nudge the poor, infirm and elderly nearer extinction though the latter group seem to vote for them despite only the most affluent sunset of that demographic being likely to benefit from their decision

Kitesurfa

Agree totally
From what I’ve read figures of a couple of billion being bandied about which shared between even 2 oil majors wouldn’t significantly dent cash flow and has probably been discounted in price as if government said no tax I think the shares would bounce - that said government might ask for multiple of that figure as investment in which case share buy back and debt reduction could be significantly affected at least in short term - will be an interesting couple of months

Boyobach is bang on with 21x OP at current level

Problem is China zero tolerance to Covid and slowdown in their economy reducing demand outweighing sanctions on Russia but things can rapidly change so it’s an option play but my other investment is in a sector (sub / near prime lending) that’s a high risk recovery play so I’m a bit annoyed with myself given the shocks of energy price / general inflation and interest rates are battering it! GLA and keep the technical analysis going please Boyobach but until OP recovers £25 is off the table especially if the government expropriates profits via a windfall tax which politically tge Tories could easily get past Labour. I’m a holder but my view just got a bit longer so I’m now more focused on the dividend yield which hopefully improves with a strong $ more than the SP declines over the next 3 quarters

Theborn

Here we go again

PFG SP on floor - tempted but worried their target market might run into difficulties and push impairments up

IDK but hopefully the shares will jump on half decent news and the dividend yield becomes compelling

Hi Bimmer668

I like your logic and to be honest I’m holding the bulk of my shares but took a few just in case the politicians really screw up and levy an unrealistic windfall tax that then doesn’t fully fix the problem for bill payers but damages pension funds and green investment capability

I wouldn’t trust the public after local election results as Tories hardly suffered the drubbing they deserve IMHO

Lngtimeholder

I just sold 250 at 2319 to take a small profit and will run remainder of holding for divi and long term

Difficult decision but with windfall tax possibly in offing I’m worried the government will adopt a confiscatory stance to try to buy red wall votes and a stand off then happens re green investment

Given Shell divi still down on historic levels I’m p****d off to read the Evening Standard pandering to the hoi poloi about the £7b profit and shareholders filling their boots as though the buyback was directly putting money in pockets of PI FFS

Wow good price
You hit the top - automated trade?