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Title: That rarest of beasts - the quadruple whammy. Post by: tikay on August 23, 2017, 09:45:39 AM Pity anyone who holds shares in Provident Financial, who announced a quadruple whammy yesterday;
a fresh profit warning, no dividend, an FCA investigation and the chief executive departure From here; http://www.telegraph.co.uk/business/2017/08/22/provident-financial-shares-plunge-losses-deepen-boss-quits/ In May of this year the shares were quoted at £32. A week ago they were quoted at £19. This morning they are £6. It's pretty rare for a FTSE 100 Company to suffer such a one day fall as they did yesterday (which was on top of a big fall in June). The biggest one day fall is 67.8% by Ashtead Group, 14 long years ago. Provident fell 66.2% yesterday. The Times summed it up rather cruelly this morning, saying it's a rum do when a Business that lends money at an APR of 535% can't turn a profit. Title: Re: That rarest of beasts - the quadruple whammy. Post by: Doobs on August 23, 2017, 09:51:37 AM Pity anyone who holds shares in Provident Financial, who announced a quadruple whammy yesterday; a fresh profit warning, no dividend, an FCA investigation and the chief executive departure From here; http://www.telegraph.co.uk/business/2017/08/22/provident-financial-shares-plunge-losses-deepen-boss-quits/ In May of this year the shares were quoted at £32. A week ago they were quoted at £19. This morning they are £6. It's pretty rare for a FTSE 100 Company to suffer such a one day fall as they did yesterday (which was on top of a big fall in June). The biggest one day fall is 67.8% by Ashtead Group, 14 long years ago. Provident fell 66.2% yesterday. The Times summed it up rather cruelly this morning, saying it's a rum do when a Business that lends money at an APR of 535% can't turn a profit. Pity them, after choosing to invest in these misery peddlars? I am struggling to join you. The change in debt collection figures since changing their methods is astonishing. Title: Re: That rarest of beasts - the quadruple whammy. Post by: tikay on August 23, 2017, 09:56:01 AM Pity anyone who holds shares in Provident Financial, who announced a quadruple whammy yesterday; a fresh profit warning, no dividend, an FCA investigation and the chief executive departure From here; http://www.telegraph.co.uk/business/2017/08/22/provident-financial-shares-plunge-losses-deepen-boss-quits/ In May of this year the shares were quoted at £32. A week ago they were quoted at £19. This morning they are £6. It's pretty rare for a FTSE 100 Company to suffer such a one day fall as they did yesterday (which was on top of a big fall in June). The biggest one day fall is 67.8% by Ashtead Group, 14 long years ago. Provident fell 66.2% yesterday. The Times summed it up rather cruelly this morning, saying it's a rum do when a Business that lends money at an APR of 535% can't turn a profit. Pity them, after choosing to invest in these misery peddlars? I am struggling to join you. The change in debt collection figures since changing their methods is astonishing. The shift saw its debt collection rates drop from 90pc a year ago to 57pc As the cliché goes, "system working great, send more money". Are they still head-quartered up in Bradford? Title: Re: That rarest of beasts - the quadruple whammy. Post by: Doobs on August 23, 2017, 10:06:07 AM Pity anyone who holds shares in Provident Financial, who announced a quadruple whammy yesterday; a fresh profit warning, no dividend, an FCA investigation and the chief executive departure From here; http://www.telegraph.co.uk/business/2017/08/22/provident-financial-shares-plunge-losses-deepen-boss-quits/ In May of this year the shares were quoted at £32. A week ago they were quoted at £19. This morning they are £6. It's pretty rare for a FTSE 100 Company to suffer such a one day fall as they did yesterday (which was on top of a big fall in June). The biggest one day fall is 67.8% by Ashtead Group, 14 long years ago. Provident fell 66.2% yesterday. The Times summed it up rather cruelly this morning, saying it's a rum do when a Business that lends money at an APR of 535% can't turn a profit. Pity them, after choosing to invest in these misery peddlars? I am struggling to join you. The change in debt collection figures since changing their methods is astonishing. The shift saw its debt collection rates drop from 90pc a year ago to 57pc As the cliché goes, "system working great, send more money". Are they still head-quartered up in Bradford? As far as I know. Not the best news for Bradford. Right up there with all the almighty cockups RBS made. |