Provident Financial share price

StevieJ

bristolleedsfan wrote: »

Loan Sharks do well in recessions and credit crunches dont they? :think:

Not if customers don't pay them back

jon3001

setmefree wrote: »

Lets see how this Company Perfoms through the year,

Share Price 860.00... down (2.61%) so far today

So what's your interest in this stock? Are you long or short?

Dooooooooooooooonut

They're higher than when you started this thread!

setmefree

Dooooooooooooooonut wrote: »

They're higher than when you started this thread!

Very true, but how many people will be in the position to keep up the repayments under the current crisis !, you'll be surprised of how many people from all walks of life have used such firms to keep things going include buisiness. it's easy for high rate interest companies to give the money when things are going good,BUT and it's a big but that eventually the Cookie crumbles..

setmefree

jon3001 wrote: »

So what's your interest in this stock? Are you long or short?

neither Jon, but haven't we been down this road before, fat Cats then POP

Dooooooooooooooonut

I suspect but do not know that provident will be having a great time at the moment borrowing very cheaply while still lending at appropriate risk premia... Their typical client is probably too scummy to have been effected by the crunch having not had a job in the first place! And of course most of these loans are very short term.

All supposition on my part though I hasten to add.

setmefree

Share Price 849.50 -22.50 (-2.58%)

setmefree

Credit Suisse Group cut its recommendation on the U.K. lender to low-income households to “underperform” from “neutral.” The stock lost 28 pence, or 3.1 percent, to 872.

setmefree

Closing Price 850.00 -22.00 (-2.52%)

Blah99

Seriously, please stop. Nobody cares. You're posting closing prices that anyone can get from anywhere. If you're trying to show that you've made a good decision, fine - stop posting and come back in a week/month/whenever you close your position and have taken your profits. Then we can all bow down to your incredible market awareness. Until then, constantly posting closing prices is just wasting everybody's time, because you don't seem to grasp that short day to day movements in today's environment don't actually mean much.