Member Info for DD77

Big trades going through late Friday and today

Is the CFO going to buy any shares though, to add confidence?

Big £70k trade gone through..........anyone know if it's a buy or sell?

So when do you think the company will announce the next RNS? Will they do it when they've had approvals from individual country regulators, from the WHO, or when they've announced additional sales?

GDR certainly seem reluctant to release RNS with any regularity, which is frustrating for PIs who are in the dark about progress. This appears to be holding the SP back, after the last underwhelming RNS. However, they could be storing up a lot of information to be released at the next trading update.

Ouch, I thought mine was bad Karl.............£8k now worth £8. They are crooks, the lot of them

Huge spread here now..........

Got to be the right move to make

Interesting to note that they’re looking to cut headcount in CCD division on the back of the struggles.

The Bradford-based firm says that 300 roles in its Home Credit division have gone out to consultation.

The group reported a £37.6million pre-tax loss for its Consumer Credit Division (CCD) comprising Provident home credit and Satsuma, in its interim results for the first six months of this year.

The Financial Conduct Authority (FCA) has been informed of the proposed changes.

A Provident Financial spokesman said: "As reported in yesterday's interims statement, Covid-19 has led to reduced lending volumes in our Home Credit division.

"The division has also adapted its ways of working during the pandemic, which has made it a more efficient business.

"This has led to a reduced work load for colleagues in the field. In addition, we are consulting on the potential to introduce variable pay for customer representative roles allowing us to better match reward to individual performance.

I found it really odd when I was trying to buy on the dip on Monday, that i couldn't get a price. It's usually like that when it's rising. Took me ages before I could get a live price

Nice to see another rise today...........feels like the sentiment has turned somewhat. My average is still £5.50 sadly but at least there's hope it will reach there some day, even if it's not anytime soon

Hart is the whole reason we're in this mess

I think the results are very good, but even more so the improvement in performance experienced in June, with all sectors back on track, but Moneybarn and Vanquis in particular looking strong. CCD continues to be a drag, as expected, but others will be faring far worse in this environment. 81% of receivables via remote collections is encouraging though and shows the move away from doorstep collections was the right one with the change in environment.

I'm not too concerned about the dividend, as it would be folly to indicate when it will be reinstated at this stage, but they have said they will when conditions normalise, which is good enough for me...........and should be next year.

Plenty of churn. Consolidating for the next ascent

I think most the bad news is already priced in...........not really sure what to expect with the results. The recent trading statement was more encouraging than expected, but things have potentially deteriorated since then.

Piltick - raising further finance is often by means of a placing. It may not be, but until that is clarified, it will act as a bit of a weight on the SP. As stated, hopefully they can put in place a debt financing facility like SAE

I think the prospect of a placing will hold the SP back in the short term. I hope they can get a debt financing facility in place, similar to SAE announced on Friday. That prevents dilution and has had a hugely positive effect on the SP

Bananaman, I'm following you now haha...........entered here on the dip just now. Came on my radar via McNulty, but I like the sector and have interests in EQT and PHE. Congrats to all those who took part in the placing at a much lower price.........you've been well rewarded. It looks a very promising company this, with huge potential moving forwards

Pleasantly surprised to see a 10% rise here today on no news.............wonder if something is brewing.

Clemoc, you've done well to jump out of Amigo............I still maintain my stance on them but clearly it provided some nice trading opportunities in interim. Too risky for me

It's definitely a gravy train and there's no reward for investors, which is why I steered clear. It's similar to IP Group in that regard, although they have some more interesting investments. It looks like Stephen Labrum has realised the same