Member Info for tinlid

Wake up lads - there has been a major development / announcement!

Do not see your point. The Rights Issue Price of £3.15 was issued at a discount to the theoretical post RI price of £4.75. Please explain your comment.

Very quiet on here these days. Re-instatement of dividend, no matter how small, should have an impact on the SP (hopefully!)

Very interesting post that franklucas especially if genuine!

Titus - according to the trading statement on 19 October the home credit customers stood at 449,000. So you are saying that these have dropped to 326,000 i.e. a drop of 27%? That's a drop of over 20,000 a week. I would check your source if I were you before you starting quoting "facts".

Titus - you cant say something is a fact if you cant back it up. This is especially so if the "fact" you are quoting is potentially significant. Don't you see that?

Titus - a fact is something which is based on evidence so produce your evidence or point us in the direction of where it can be viewed. Can't? I thought not.
By the way, its Binlid to you.

Kellogs - a very conservative, "on the fence" view there. What happened to your prediction made in August? -

"£20.50 by March 2019 - That's my prediction for this, make a note of that and come back in March next year. :-)"

What has changed between August and now?

Chartist2 - Is £10 my long term price target - No - too low! Would I accept a £10 take over bid today? Too right I would!

Sorry, got my figures wrong last time. The current price of say, £5, equates to a pre Rights issue price of £6.30. This was about the lowest level the SP got to before the Rights Issue and everything else that took place around that time. Are we as uncertain of the future as we were then? No. Have things improved since then? Yes. So why are we so low? Its just the way the stock markets are at the moment. Patience is needed, not panic. I think once the company reinstates a dividend the SP will respond. However, even then, market sentiment will dictate (as ever)!

Kitz - the current share price equates to a pre-Rights Issue price of £4.32 so we're already at the August 2017 lows !!!

22 October - Shore Capital upgrades to "buy"

Chartist2 15 January2019

Hoping the Q3 Trading Update on Friday will provide a bit of stimulus to the SP. It's getting a bit depressing these constant falls!

break 1 - From your post dated 19/2/19 - "Yes, I am shorter!" - Enough said.

Just been looking at some of my historical PFG trades. I bought and sold a number of times between August 2017 and January 2018 and my average buying price over that period was 8.64p. That was pre the Rights Issue and was during the time when there was a lot of uncertainty regarding the shares i.e. would the Home Credit recover, how much would the FCA fine be etc etc. Since then a lot of the uncertainty has been removed - the Rights Issue has shored up the Balance Sheet, Home Credit is recovering, FCA fine ascertained, new Board members appointed etc etc. However, adjusting for the Rights Issue the current share price (6.34p) equates to a pre Rights issue price of 8.60p. The next company up-date is in October. Are the shares cheap at the moment? I'll let you decide!

According to the FT website Deutsche Bank sold all of their holding in PFG between 6 April 2018 and 20 July 2018 (4.43million) so I am at a loss as to what the latest RNS means. Anyone out there explain?

Velo - it was a typo - Woodford reduced his holding in NSF in September.

Velo - Deutsche Bank have been an Institutional Holder of PFG shares for a while but have been ditching them over a number of months now. Not sure whether the latest RNS is a buy, sell or stay the same! Can anyone decipher the form?!

Hi Titus

I have to admit - interesting posts!

Binlid