http://www.investegate.co.uk/provident- ... 00072980U/
The group expects to report results for 2016 in line with market expectations
As usual, the company also hepfully tells us what those expectations are:
Market expectations in this announcement represent a consensus 2016 group profit before tax, amortisation of acquisition intangibles and exceptional items of £333.9m
This represents an increase on the £292.9 reported for 2015. Not as great as in previous years, but still a healthy 14%.
Finals to be released on the 28th Feb.
Got a credit card? use our Credit Card & Finance Calculators
Thanks to Wasron,jfgw,Rhyd6,eyeball08,Wondergirly, for Donating to support the site
Provident Financial trading statement
Forum rules
Tight HYP discussions only please - OT please discuss in strategies
Tight HYP discussions only please - OT please discuss in strategies
-
- Lemon Quarter
- Posts: 3576
- Joined: November 5th, 2016, 10:30 am
- Has thanked: 1 time
- Been thanked: 1194 times
Re: Provident Financial trading statement
Thank you, it's handy having posts to remind me of shares I hold when they're reporting. PFG was one of my early purchases and I have been buying more this past 1o months or so, This years buy were above today's price but it's the ever rising dividend that keeps me in Fino and they have a very strong, long record, going back at least since 2000 and over that period averages are consistent and two digit.
15 yrs 10 yrs 5 yrs
10.40% 13.22% 13.88%
numbers from dividenddata.co.uk.
15 yrs 10 yrs 5 yrs
10.40% 13.22% 13.88%
numbers from dividenddata.co.uk.
-
- 2 Lemon pips
- Posts: 175
- Joined: November 4th, 2016, 9:46 am
- Has thanked: 24 times
- Been thanked: 36 times
Re: Provident Financial trading statement
They've also done well on the capital front for those interested in such things. I first purchased in 2006 at an adjusted price of £5.52 and sold in 2013 at £16.21, harvesting the gain from an unsheltered account. Repurchased in ISAs at £16.08 and £16.16, the price is now around £28.59.
A shame the original investment was only £4k and I didn't fill my boots. Now at over 1.5 x median weight, they are well down the list for a top up.
(The price adjustment was for a share split when an overseas venture was hived off.)
A shame the original investment was only £4k and I didn't fill my boots. Now at over 1.5 x median weight, they are well down the list for a top up.
(The price adjustment was for a share split when an overseas venture was hived off.)
-
- 2 Lemon pips
- Posts: 135
- Joined: November 13th, 2016, 7:49 am
- Has thanked: 1 time
- Been thanked: 1 time
Re: Provident Financial trading statement
Still further to go on this share - yield is over 4.2% - and dividends have grown strongly over the years.
-
- The full Lemon
- Posts: 11376
- Joined: November 4th, 2016, 5:04 pm
- Has thanked: 2476 times
- Been thanked: 5800 times
Re: Provident Financial trading statement
piccadilly wrote:Still further to go on this share - yield is over 4.2% - and dividends have grown strongly over the years.
It is my intention to add to my PFG holdings over the coming months. They form 4% of my 24 share HYP as of now.
Ian.
-
- Lemon Quarter
- Posts: 1276
- Joined: November 4th, 2016, 10:42 am
- Has thanked: 233 times
- Been thanked: 416 times
Re: Provident Financial trading statement
idpickering wrote:It is my intention to add to my PFG holdings over the coming months. They form 4% of my 24 share HYP as of now.
Ian.
My second oldest surviving HYP purchase (after SSE), dating back to March 2003. It now forms 4.8 % of my 34 share portfolio and provides 4.8% of my dividend income.
A bit overweight, but I shan't be top-slicing any time soon - a lucky purchase! Share price can be a bit volatile, but that just offers tinkering opportunities
For those interested, in today's Telegraph, Questor has said 'buy'.
-
- Lemon Half
- Posts: 8427
- Joined: January 7th, 2017, 9:56 am
- Has thanked: 1549 times
- Been thanked: 3444 times
-
- Lemon Quarter
- Posts: 1276
- Joined: November 4th, 2016, 10:42 am
- Has thanked: 233 times
- Been thanked: 416 times
Re: Provident Financial trading statement
monabri wrote:Any thoughts on the gearing - it was over 200% .
There doesn't seem to be any serious cause for concern. Those wiser than I may differ.
In terms of borrowings/equity:
It has been rapidly reduced - from 3.2 in 2012 to 2.2 for 2015.
It is well below their self-imposed upper limit of 3.5.
It is even further below their banking covenant of 5.
Return to “HYP Practical (See Group Guidelines)”
Who is online
Users browsing this forum: No registered users and 43 guests