The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Looks like Amigo are struggling to re finance.. thank goodness PF are no longer in that market a painful but wise move at the time .
I agree bigpunt … it takes a long time to change direction and business model but I think they’ve achieved that now , personally i’am quite happy to wait a be rewarded
Well Said
Agree BigPunt … When CEO makes a statement like that he’s got to be pretty dam certain it will happen otherwise he’s out … plus he bought 19000 shares shortly before. I’ve got to say there’s more and more desperate sounding investors creating panic within but let’s be realistic it was always going to take time to create and remodel this business, anybody looking for a quick buck should look elsewhere.
The born … my thoughts precisely, the scripts were written before the update however when PF do knock the ball out of the park the potential uplift is massive coming from this low base … it’s now a waiting game, top up at this level and put them in the bottom drawer and forget about them .
Totally agree but I think PF are suffering from a past image perception in low grade lending… I said some time back the best thing PF should have done is re brand ( change the name ) … give a dog a bad name
HSBC down -6.3 %
Standard Charter - 3.5%
The rest of the week could be interesting
Just had a word with my friendly broker about PF share price and after doing a bit of research they reckon it’s market perception that is dragging it down… Across all banking and financial they are factoring in some substantial defaults… it will be interesting to see this week how the markets react to the Banking sector reporting results. PF trade on a PE of 4 the sector average is 8 … hang on
Barrieprov I feel your frustration but like you i’am personally into heavy losses with this one .. but if there’s any words of shared comfort amongst all I personally think it’s simply down to market sentiment which can be brutal, and let’s be honest here nobody knows the real extent of this latest financial crisis.
Why would anybody want to buy an unsecured loan book in this climate ?? Remember Northern Rock
Theborn
Vanquish bank offering 4.25% on a one year bond… they must be confident they can use those funds within the group
Big Punt … thank you for the insight of a PLC executive but my point was the perceived market risk in this sector not the antics of its executives.
I think most small investors are missing the point …PF are definitely in a unloved sector at the moment but on there side No shortage of potential new customers… BUT and it’s a big BUT how many are likely to default in what are going to be very difficult and challenging times for the average consumer…This is the great unknown and precisely why the markets are nervous about PF and why the board are not over egging the future.
Some more reasonably large buys today
Somebody out there has confidence or in the know
Definitely going in the right direction albeit a company Name Change might be a consideration.. leaving the past behind.
Ever thought fund managers are having to sell because it no longer fits there remit … trust me they all know
Somehow I think an element of kitchen sinking will be the order of the day …. Bad debt provision will be worked in before it happens… part and parcel of keeping one’s job.
Live locally to HQ … know a few members of staff rumor has it things are definitely getting tougher so don’t expect happiness on the next update… Sorry
Does anyone know when Provident post year end results ???