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| The Week In Review: Think Ahead And Avoid Provi... | |
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| Topic Started: Jul 11 2006, 11:14 AM (192 Views) | |
| whistleblower | Jul 11 2006, 11:14 AM Post #1 |
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The Week In Review: Think ahead and avoid Provident Financial Edited by Saeed Shah Published: 08 July 2006 Provident Financial, the doorstep lender, has had a rough time over the past 12 months. With the UK consumer credit bubble finally reaching its inevitable climax in 2004, the group has not only struggled to grow its core domestic business over the past year, but has seen its second-hand car business, Yes Car Credit, collapse. Add this to a Competition Commission inquiry into the UK home credit market - which at worst threatens to impose price caps on companies such as Provident - and it is not hard to see why its share price has been on a downward trend. Since we advised investors to sell this stock 15 months ago, the shares have fallen by more than 13 per cent, and while Provident's international operations are in better shape, we believe there will still be better times to buy. A healthy yield of more than 5 per cent is the one good reason why shareholders who have held on so far should stay put. But for new investors, avoid. independent |
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<a href="http://www.dpbolvw.net/click-2359542-10365649" target="_top"> <img src="http://www.awltovhc.com/image-2359542-10365649" width="120" height="60" alt="" border="0"/></a> Applying for car finance? <a href="http://www.kqzyfj.com/click-2359542-10366647" target="_blank" onmouseover="window.status='http://www.creditexpert.co.uk';return true;" onmouseout="window.status=' ';return true;">View your Experian credit report online for FREE</a> and see what lenders will see <img src="http://www.tqlkg.com/image-2359542-10366647" width="1" height="1" border="0"/>  <FONT COLOR=RED>Vanquis credit card is owned by provident Financial.Typical 39.9% APR variable Say No! </FONT> Are you having problems with Yes Car Credit or a debt collection agency? Make your complaint direct to the Office Of Fair Trading and BBC1 Watchdog below:. James.MacDougall@oft.gsi.gov.uk or telephone 08457 22 44 99 watchdog@bbc.co.uk or telephone - 020 8535 1000 ****************************************** Advice & opinions of the 'saynotoyes' team are offered informally, without prejudice & without liability. Use your own judgment. Seek advice of a qualified insured professional if you have any doubts ****************************************** 
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8:40 AM Nov 8
