Scapa – ‘well ahead of plan’ & “trending approximately 10% ahead of market expectations”… but what do those mean financially?!...
What percentage of the population has died or Coronavirus? Why your answer might make Cineworld a zero...
A terse announcement today from Provident Financial (PFG) hides a much bigger story covering corporate failure and this website's current great focus: Mr Neil Woodford. And yes, his recent failures have led - in a roundabout way - to another failure. Failure squared!
There are, in fact, two Neil Woodford disasters today. The other one is covered in bearcast HERE. Meanwhile, having updated on 28th December that Woodford Investment Management had increased to a more than 24% shareholding, a “Trading update” from Provident Financial (PFG) today – and, natch, the shares are currently circa 20% lower, heading towards 500p, on the back of it…
Early this year we showed the ten top shorted London-listed shares at the start of 2018. How's the latest performance?...
Shares in Provident Financial (PFG) are falling again today thanks to weekend press reports that it is sounding out investors about a £500 million rights issue. The big question is where does this leave Britain's most conceited fund manager Neil "nomates" Woodford whose funds own 23% of the equity.
Following a calamitous trading statement in August, there is now another “Trading Statement” announcement from Provident Financial (PFG) – this emphasising home credit business recovery plan progress and seeing the shares currently sparking higher. So, what’s the detail?...
I certainly don’t wish to gloat at the recent misfortunes suffered by many of Neil Woodford’s investments, but the sorry spectacle provides some useful insights into the role of human nature in investing and business in general.
Showing not an ounce of humility, the fund manager who seems to have at least three high profile disasters as week, Neil Woodford has posted a comment on his group's blog explaining why Provident Financial (PFG) shares are cheap after yesterday's disastrous warning. But before you rush out to buy it is worth noting that after the last warning (in June) Nomates Neil posted another blog. Nomates had chatted at length to management, he understood the score, the market was wrong and Nomnates had bought a stack more shares. There seems to be a pattern here.
Earlier this month in Neil Woodford - how long before The Deadwood Press admits that he does not walk on water?, Tom noted a bad record – recently including Provident Financial (PFG). The Mail on Sunday had written “the FTSE 250 doorstep lender whose profits halved after it struggled to move to a new operating model” - the struggles have got considerably worse…
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