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11:05 2,000,000 Buy 460.75p
Reduced short to 0.55%
Philadelphia Financial Management of San Francisco, LLC 0.55 -0.34% 14 Jan 2020
This board has to go.
During takeover promised more shareholder contact and this update is it.
I'm so disappointed as this will do nothing for the share price !!
From Bloomberg today: Muddy Waters LLC and French retailer Casino Guichard Perrachon SA were both let off with a warning by the country’s markets regulator after a four-year investigation into a report by the American short seller that triggered a share-price slump. The enforcement body of France’s Autorite des Marches Financiers decided that no formal complaint was needed and closed the case, the regulator said Tuesday in a statement. Still, AMF officials issued a warning letter to Casino and Muddy Waters. Muddy Waters Capital was told by the regulator that its communications are considered investment recommendations, and reminded of “the importance of compliance with the principles of honesty, fairness and impartiality,” the AMF said.
https://www.bloomberg.com/news/articles/2019-12-17/muddy-waters-casino-let-off-with-a-warning-by-french-watchdog?srnd=markets-vp
Must be under 0.50% so it is not decarable.
I would not call that aggressive !!
And so have I
He might now leave us alone.
I actually thought he attack us again considering today's fall.
The way Carson attacks Burford seems as if Burford did something to Carson.
The man states nothing new but continually spooks investors and TWICE in on week.
Its about time this man was taken to court !!
Https://citywire.co.uk/investment-trust-insider/news/blackrock-sells-1-7bn-of-woodford-stocks-ahead-of-wind-up/a1304954
Does this read that PFG now gone ?
bandit1
I have every confidence that Burford will recover to £10+ once Woodford has gone, Trading update & New listing
The interview re enforced my confidence to hold regardless of the faint hearted who sell at the slightest bump which, of course, the shorters rely upon. I'm sure MW did his latest to help a friend !
Chris Bogart on CNBC yesterday afternoon.
https://www.cnbc.com/video/2019/12/10/burford-capital-responds-to-muddy-waters-short.html?__source=sharebar%7Cemail&par=sharebar
Considering he has a heart condition, rather good he has stayed on so well.
Wish you good recovery !
Why is it the Canadians are always negative on PFG. Refer to Canaccord Genuity last report
Provident Financial PLC (LON:PFG) was added to Royal Bank of Canada’s coverage recommended as ‘sector perform’ with 445p target price.
The lending and credit card company saw its share price plummeting by over three-quarters over the past two years but recently released a “well-articulated” strategic update suggesting potential value opportunity, analysts said.
The stock is deemed as “one to watch” due to risks posed by variability in future results as new 'persistent debt' regulations will see a first 'crystallisation milestone' in March 2020.
The Financial Conduct Authority put rules in place in early 2018 to try and prevent credit card borrowings becoming persistent – which is when a customer pays more in interest, fees and charges than they have repaid in principal – sometimes requiring companies to close the accounts and write off balances.
“The impact for PFG will depend on individual customer behaviour, which is difficult to predict and has not followed any pattern to date according to the company,” RBC's analysts said in the note.
However, while the rules are expected to weigh and ongoing regulatory uncertainty is "considerable", Provident is still predicted to deliver dividend and loan book growth, with earnings per share estimated to come in at 46.6p and 50.8p for 2019 and 2020 respectively.
Sorry Wrong Site (I have Burford and PFG)
22-Nov-19 10:57:46 800.00 260,000 Buy* 799.00 800.50 2m
In the 50's when my mother need to clothe us, i'm one of seven, for school or help buy present for Christmas, she would call upon the 'Provy' to supply a £5 or £10 voucher to use in Arding & Hobbs, Clapham Junction. He would come around weekly and collect a few shillings until paid off. With a limited income in those days, this form of finance would also be used by many neighbours. At my tender age of 69, i can still remember the agent . He became a family friend.
Waters are muddied even further at Burford Capital
Since Muddy Waters conducted a devastating bear raid on Burford Capital in the summer, shares in the litigation financing company remain down by about half. The American short-seller alleged that Burford, at the time the most valuable company on Aim, London’s junior market, was “egregiously misrepresenting” its return on investments, was “arguably insolvent” and of “laughter-inducing” governance.
In something of an understatement yesterday, analysts at Berenberg said that Burford, which has strongly rejected the allegations, had suffered a “tough six months”. However, “now the dust has settled”, the investment bank said it had analysed some of the concerns raised by Muddy Waters. The result? A downgrade of Burford to “hold”.
Berenberg said: “We conclude that while the accounting is likely correct, Burford’s returns are heavily concentrated in a low number of investments and a large proportion of Burford’s value is driven by the Petersen case, which so far has been one spectacularly successful investment.” The case involves the Petersen Group, of Spain, which went into administration amid the fallout surrounding the expropriation of YPF, the oil company, by Argentina. Burford’s shares promptly fell 44½p, or 5.2 per cent, to 813p.
Ex Div today
Record Tomorrow 15th