Member Info for Chartist2

Fahadk, I can only hope that all shorters have been truly burned here! Were you shorting and scared too...? :)) The Sp is rising because: - PFG only needs to pay a small fine fpr Vanquis - because right this year will be a new dividend paid - and because the Sp has been taken down (illegaly) by shorters and the media This is why it rises back to a balanced level.

Okay, its trying to get 1,045p now and even touching 1,077p and 1,083p for a minute. Nice one!

The Sp seems to be peaking out right now around this 1,029p. In the end it was as we suspected: The weeklong drive down the share price was to get as many shares as possible from the latest smalltraders - many of whom sold at a loss.. All infos about the small FCA settling was already known. The giant rights issue as stated by Telegraph and Barclays insiders was FALSE.

Just sold a few now at 1020 ish :))

Very very happy for you to see this rebound for your 100k holding! Well done, my friend! Now the shorters from Liberium Capital are paying 950 Pence :))

TheTraveller, good man, after the Sp has already deflated and anticipated each and every evil of this world, tomorrow could actually see a share rise and stabilization. So let them announce their RI. Maybe someone explicitly leaked the 500 mln figure in order to surprise investors with a much smaller RI tomorrow? Also remember that you probably brought a substantial gambling-profit from your holding at RBS, right? And it might have come quite easy, and probably wasnt hard work (and grey hair) as some of us endure every day. It was probably just "luck" with your Royal Bank of Sct. So whatever "learning fee" you are paying here, simply think of it as you would invest your former profit money. Ha ha, after the rights issue you might become the LARGEST private shareholder with 20,000 or 30,000 PFG shares :)) A true fortune in those 3.500p days :))

TheTraveller, you are granted quite some time to decide whether you like to participate in the rights issue or not. So in the short term, you do not have to pay anything. Just make up your mind if you want to participate or not and fill the form at your broker. And later have some funds ready. I will participate with my very small and expendable shareholding. Careful with all future investments, TheTraveller! This time it was TOO much money in TOO careless (worry free) hands. Whereas we ought to be more prudent and alerted with advancing years. You are not a 25 y.o. kid in the London city who plays around with his employers 250k Pounds allowance just to see how it goes, right? (If the Telegraph report was false, then they are liable for todays price crash.)

PFG currently now well above 600 ish again (610)p. The current rebound - including tomorrow - could rise to about 630 ish in order to close the gap on the chart. And then everything depends on their RI price. Happy for those who managed to trade from 560ish up to the mentioned 630ish.

Off topic: IMHO there is a nice upside breakout looming now for ARS/Asiament. Next bullish trigger if 10.40p is climbed (almost)! The rise for EUA/Eurasian continues; the next trigger at 0.57p is almost breached; then rise to .60ish and .80ish. The same for WRES which makes attempts to breach 0.60p, and it just secured 36 mln funding from BlackRock.

Okay then, the Sp has finally stabilized now. And its also making attempts to climb 600p, although bouncing for now. Good to see that it steadied exactly at last August weekly bottom, 590p. IMO all sells have been bought up this morning - plus top-up by certain people. Vol. Sold 751,046 Vol. Bought 791,927 #5,713 trades Its weird how the press eversince 2016 started to hate Woodford and his investment fund. Almost like it is something personal. Also weird that it will be Barclays (who had a sell-warning for PFG) will be the ones involved in this very neat and profitable 500 mln capital raise. Not bad, Mr. & Mrs B******s! If the 600p line is not climbed today and tomorrow, then anther flush down.

Nice rebound over 10p again! Soon the next bullish trigger (10.40) is touched. Moreover we see a sudden volume breakout today. Vol. Sold 13,065 Vol. Bought 698,464 #27

DD77, remember? Good things come to those who have patience... You still holding from your 700p average? I am now placing a few AT buys and see if there is a spike that will trigger. Look how the Sp bounced up nicely at around 589-590p, which was last summers low (weekly closing). If this holds, then PFG will have a valid "double bottom". One last concern for me is why the HC director had to leave...?

Fastfood, are you invested with your 5k - 10k "punt" since last week Thursday...?

Difficult to get a quote for larger amounts of shares. - next bullish trigger if 0.55 is climbed (confirmed at 0.57) - then rise to 0.60 ish and 0.85p

WiganPier, it is very unlikely that the institutional 80% stakeholders will allow Barclays to rip them off. Morover the FCA is likely to be modest, as the new CEO mentioned himself. I don't think the FCA has an interest to create another "debacle" in the UK, do you...? And its not necessary, because PFG wrongdoing has been modest and quite normal in their business field. The current situation is because the head of finance could be involved in some sort of fraud. This has nothing to do with the ongoing PFG business. Tomorrow during the RNS could also see a rebound spike here, which some might want to trade. Given the already large discount on the Sp I think they will refinance 500 mln @500p per share.

Yupp, aimtitan! I will now place a few automated buys at the lower support lines and see if they trigger. Right now the Sp keeps bouncing around 570p and holds stable. The main shorters (Liberium Capital) has a target of 485p. This is where they plan to buy back in bigtime. Just keep this in mind before anyone gives away his or her shares for free. lets wait for the 27 Feb official RNS.

Off topic: Hawkey, the mentioned EUA/Eurasian upside breakout continues. IMO the latest buy signal came when 0.45p was climbed. Long term buy came when 0.49-0.51 was breached. Now pointing to a rise to .60 and .85p Since last Thursday it seems difficult to buy larger amounts :)) (The same for WRES, where something is brewing. The same fore N4P, which nicely deflates this morning before a substantial very likely upleg.) Just spreading some positive vibes for today...

Well said, Hawkey! Thanks for the "Telegraph" posting, my2penneth! Right now there seems to be bottom building at around 571-575p. Almost tempted to say that 570 is the new 670 (and former 870p). But I am not buying in yet. So this is how the story goes. Yes, Hawkey, it could as well be that Home Credit has seen some dodgy financial over recent years. Wherever that peter Crook has been involved :)) Its the only reason why you would kick out a leading finance manager. I for one am staying with the smallest possible punt. Once the dust has settled, I will try to buy back my former 1,500 shares. Happy for those who manage to trade the 12% minus this morning and sell higher!

Hi Tinlid, my friend. Yes, I will also stay invested with a smallish 750-1000 shares and wait to the next steps. To answer all recent questions/ discussion: 1) Any fine will only be modest. Malcom mentioned that himself recently. I'd say any fine will be only a fragment of Vanquis annual profit. Observe also that FCA normally goes for a discount (30% discount on the fine), if this is paid in cash. 2) This brings us to the subject of capital raise. This will enable PFG a fresh new start - and pay all remaining crooks and/or lawsuits. 3) The normal macap here was around 3 bln Pounds. So this 500 mln is still modest and appropiate. Too bad, that infos leaked... and the Sp fell from its justyfied 900-960p avrage, down to 600ish. Not the fault of the company. 4) Tinlid, given that Woody is tuned in evrywhete in the city, he stopped wasting fresh recources to buy more shares on a daily basis, and will simply let this find its bottom. There is where he will go all in, to participate in the rights issue and increase his stake hugely. 5) The 500 mln, given the monthlong correction already, should be issued around the last three months avrage, somewhat 650-700p. If this is not atractive for PIs? Then dont participate. Others will. And Woddy & Invesco will probably soak up all rights and end up with the company majority. As said, even if this goes to the "double bottom" level 589p from last summer), I will still participate and double my holding. Tuesday will have the answer.

Great post, mytwopenneth! So now we know why the Sp started to act very very strangely at the end of January!! All of a sudden there were sudden daily dips - and Woodford stopped to support the share price. Its only logical, because Woodford will have to participate in the 500 mln rights issue - some hefty dillution to his 240 ml Pounds shareholding in PFG. Woodford & Invesco will have to pony up a substantial amount i.o. to maintain their stake/percentage. The leaks could have come from Barclays, who months before released a sell-recommendation for PFG. Something odd to do, if you are doing business with a company. Place your bets on the roulette table. Fastfoo, what is your bet for next Tuesday? ------- "Provident tests the water on �500m rights issue: Doorstep loans giant Provident �Financial has been sounding out investors about a bumper cash call as it seeks to draw a line under the most disastrous period in its 140-year history. Management want to raise as much as �500m to pay a string of forthcoming fines and repair the firm�s battered balance sheet. Senior bankers said a rights issue could even be unveiled alongside Provident�s annual results this week. Investment bankers at �Cazenove and Barclays have led the discussions with investors and are likely to act as chief underwriters on the deal, if it goes ahead." http://www.telegraph.co.uk/business/2018/02/24/provident-tests-water-500m-rights-issue/