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Haven’t posted for a while although read comments. Personally I think many are getting tangled emotionally with this company whereas the market see nothing but gloom on the defaults. There is no doubt the car market is heading for a crash, PCP returns are gathering momentum and credit card usage for every day bills is increasing… I will say no more draw your own conclusions… sadly i’am invested also but at least we get a decent dividend whilst we wait.

Well said Halifacts … common bloody sense at last.
Clearly some of these investors are way ahead of me with technicals but clearly have no idea on the time it takes to restructure a company of this nature to give it a true commercial future. Apparently the new CEO has a reputation for aggressive growth, now is the time .

What’s all the fuss about… these boys are leaving the company , probably want a bit of cash in this tax year before April 6th , you’d do exactly the same .
It’s been a long and painful process turning this company around but I truly believe the building blocks are firmly in place for the NEW CEO to drive this company forward… he has a reputation for all out growth.

Market sentiment…unfortunately it is the way it is at the moment in this segment, if one has the patience and the balls 12 months from now could be a totally different script. Can’t say I’m happy but it’s happening with other stocks for no apparent reason. The boys in the city love volatility that’s how they make there margins .

Have you all cut and run !!!

I’ve said for some time PF needs to change its name to reflect what the company is today… A positive move ??

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