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Provident Financial (PFG)

Sector:

General Financial

Index:

FTSE 250

Market Cap

£1,042.33m

Change Today

Price Up19.00p ()

Share Price

794.00p

Provident Financial profit rises 34%

Date: Wednesday 30 Jul 2008

LONDON (ShareCast) - Shares in sub-prime lender Provident Financial powered ahead after it posted a 34% rise in first-half profit and saw a 7% increase in customers at its main consumer credit division.

The group, which specialises in loans under £500, said pre-tax profit rose to £51.3m in the six months to 30 June while sales increased 11% to £324m.

Provident Financial said however that has been "increasingly cautious" in its approach to granting new credit over the last 12 months.

The group warned that inflationary pressures and the outlook for unemployment have had a strong influence on the cautious stance taken by management.

"The pressure from price inflation on UK households with below average incomes has continued during 2008 and remains the most important influence on lending decisions," the group said.

The interim dividend is maintained at 25.4p per share

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

PFG Market Data

Currency UK Pounds
Share Price 794.00p Price Up
Change Today +19.00p
52 Week High 937.50
52 Week Low 700.00
Volume 205,316
Shares Issued 131.28m
Market Cap £1,042.33m
Beta 0.69
RiskGrade 261

Performance Indicators

Compare performance with the sector and the market.
Find out more
Key: vs Market vs Sector
Value
85.01% below the market average85.01% below the market average85.01% below the market average85.01% below the market average85.01% below the market average
93.89% below the sector average93.89% below the sector average93.89% below the sector average93.89% below the sector average93.89% below the sector average
Price Trend
77.17% above the market average77.17% above the market average77.17% above the market average77.17% above the market average77.17% above the market average
80.57% above the sector average80.57% above the sector average80.57% above the sector average80.57% above the sector average80.57% above the sector average
Income
33.92% above the market average33.92% above the market average33.92% above the market average33.92% above the market average33.92% above the market average
41.67% below the sector average41.67% below the sector average41.67% below the sector average41.67% below the sector average41.67% below the sector average
Growth
75.79% below the market average75.79% below the market average75.79% below the market average75.79% below the market average75.79% below the market average
84.95% below the sector average84.95% below the sector average84.95% below the sector average84.95% below the sector average84.95% below the sector average
Price Chg 6m
77.67% above the market average77.67% above the market average77.67% above the market average77.67% above the market average77.67% above the market average
79.76% above the sector average79.76% above the sector average79.76% above the sector average79.76% above the sector average79.76% above the sector average
P/E
34.22% below the market average34.22% below the market average34.22% below the market average34.22% below the market average34.22% below the market average
49.28% below the sector average49.28% below the sector average49.28% below the sector average49.28% below the sector average49.28% below the sector average
PEG Not Available
Dividend Yield
34.27% above the market average34.27% above the market average34.27% above the market average34.27% above the market average34.27% above the market average
5.49% below the sector average5.49% below the sector average5.49% below the sector average5.49% below the sector average5.49% below the sector average
EPS Growth
67.3% below the market average67.3% below the market average67.3% below the market average67.3% below the market average67.3% below the market average
58.56% below the sector average58.56% below the sector average58.56% below the sector average58.56% below the sector average58.56% below the sector average
Operating Margin
70.18% below the market average70.18% below the market average70.18% below the market average70.18% below the market average70.18% below the market average
65.52% below the sector average65.52% below the sector average65.52% below the sector average65.52% below the sector average65.52% below the sector average

What The Brokers Say

Strong Buy 4
Buy 2
Neutral 1
Sell 1
Strong Sell 0
Total 8
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

PFG Dividends

  Latest Previous
  Interim Final
Ex-Div 05-Nov-08 14-May-08
Paid 28-Nov-08 20-Jun-08
Amount 25.40p 38.10p

Trades for --2008

Time Volume / Share Price
0 @ 0.000p

PFG Key Personnel

Chair John van Kuffeler
CEO Peter Crook
Finance Director Andrew C Fisher

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