Provident Financial - Accendo Markets

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This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Provident Financial

A trading opportunity for you?

Will Provident Financial continue falling, or will it rise again back to Monday’s high of 659p?

Provident Financial shares have fallen as low as -22% today (15 Jan).
Shares bounced +1.7% off their worst; Currently trading at 514p (at time of writing).
Shares falling after owner of Vanquis Banks issued a profits warning after higher than expected impairments.
Shares -22.7% from 2018 highs; currently trades at 2019 lows; -10.9% year-to-date.
Can the stock recover to recent highs?
Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading Provident Financial – An Example

Let’s say you feel that the stock is a bargain and you think it could bounce back to recent highs of 659p. You decide to buy exposure to £10,000 worth of Provident Financial using a CFD, at the current price of 514p. To do this, you need £2,000.

Let’s assume Provident Financial recovers back to Monday’s high of 659p (+28.2%). Your profit would be £2820, from your initial investment of £2000.

Conversely, let’s assume you open the above position, and place a stop-loss at 7% from the current price. Provident Financial falls 7% and hits your stop-loss. Your loss would be £700.

This is provided for information purposes only. It should not be taken as a recommendation.

This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.

Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance.

Prepared by Michael van Dulken, Head of Research

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