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Provident Financial PLC (PFG.L)

PFG.L on London Stock Exchange

3,204.00GBp
28 Apr 2017
Change (% chg)

-41.00 (-1.26%)
Prev Close
3,245.00
Open
3,249.00
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3,261.00
Day's Low
3,204.00
Volume
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2,125.00

Latest Key Developments (Source: Significant Developments)

Provident Financial updates guidance for medium-term potential of its businesses
Tuesday, 4 Apr 2017 02:05am EDT 

Provident Financial Plc : Group's refreshed guidance for medium-term potential of each of its businesses . Medium-Term growth potential for vanquis bank's credit cards unit of having 2.0m-2.3m customers with an average balance of £1,000-£1,100 . Refreshed medium-term growth potential for provident's home credit loans is profit of £150m+ .Refreshed medium-term growth potential for satsuma is £100m-£150m receivables.  Full Article

Provident Financial posts FY adjusted EPS 177.5 pence
Tuesday, 28 Feb 2017 02:00am EST 

Provident Financial Plc : Total dividend up 12.1 percent to 134.6 pence per share . Final dividend up 13 percent to 91.4 penceper share . FY adjusted profit before tax 334.1 million stg versus 292.9 million stg year ago . FY adjusted earnings per share 177.5 pence versus 162.6 pence year ago .Instability in UK economy over near or medium term may result in weak GDP growth and may result in increased unemployment unlikely to have a significant impact on group through 2017.  Full Article

UK subprime lender Provident Financial sees FY results in-line with market expectations
Tuesday, 17 Jan 2017 02:00am EST 

Provident Financial Plc : Group expects to report results for 2016 in line with market expectations, with each business meeting its internal forecast. . Vanquis Bank delivered Q4 new account bookings ahead of prior year . Total new account bookings for 2016 were 406,000 in Vanquis Bank . Customer numbers ended year at 1,545,000, representing year-on-year growth of 9 pct in Vanquis Bank . Consumer credit division sales some 3 pct up on Q4 of 2015 . CCD customer numbers ended year at a similar level to June 2016 . Start-Up loss associated with satsuma has reduced by approximately 12 mln stg in 2016 as business approaches break even . Satsuma customer numbers and receivables ended year at 55,000 and £18m respectively, up from 49,000 and 14 mln stg at September 2016 .New business volumes increase by approximately 7 pct in Moneybarn.  Full Article

Provident Financial Q3 profit performance in line with internal plans
Friday, 14 Oct 2016 02:04am EDT 

Provident Financial Plc : Interim management statement . Has continued to perform well and produced a Q3 profit performance in line with its internal plans . Vanquis bank has delivered good growth and margins through Q3 of year . Customer numbers at Vanquis and receivables at end of september showed year-on-year growth of 7 pct and 13 pct compared with 6.5 pct and 11.7 pct at June . CCD- year-on-year receivables growth of 5 pct at end of September, up from 2.6 pct at june . Performed well through Q3 of year . Credit quality in all three businesses is very sound and reinforces confidence in delivering good results for 2016 as a whole . Satsuma's customer numbers and receivables ended seasonally quiet Q3 at 49,000 (June 2016: 48,000) and 14 mln stg (June 2016: 12.6 mln stg) . Satsuma business is expected to make a small loss for year as a whole .Moneybarn customer numbers and receivables ended September at 39,000 (June 2016: 36,000) and 286 mln stg (June 2016: 264.4 mln stg) respectively.  Full Article

Provident Financial says H1 adj pretax profit up 17.6 pct
Tuesday, 26 Jul 2016 02:00am EDT 

Provident Financial Plc : Interim dividend up 10.2 percent to 43.2 penceper share . First half adjusted profit before tax 1 up 17.6% to £148.9m . First half statutory profit before tax up 48.9% to £165.4m .Interim dividend per share up 10.2% to 43.2p (2015: 39.2p).  Full Article

Provident Financial plc recommends final dividend
Tuesday, 23 Feb 2016 02:00am EST 

Provident Financial plc:Says directors are recommending final dividend in respect of the financial year ended Dec. 31, 2015 of 80.9 p per share (2014: 63.9p).Says dividend will be paid on June 24, 2016 to shareholders who are on register of members at May 20, 2016.  Full Article

Provident Financial plc announces increase in interim dividend
Tuesday, 28 Jul 2015 02:00am EDT 

Provident Financial plc:Says that the interim dividend per share has been increased by 15.0 pct. to 39.2 p (2014: 34.1p), consistent with the group's stated policy to grow dividends whilst maintaining a dividend cover of at least 1.25 times.Says the increase in the interim dividend is supported by the group's growth in earnings and strong capital generation.  Full Article

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