Is this a chance for a top up, or time to get out? Excellent yield and PER, anyone know why these has been hit so hard today?

You're not alone in trying to find a reason, so far drawn a blank.
You must decide if it's a good time to top up - it all depends on your
current holding, what your break-even is, what you want to achieve and
how long you are looking to hold etc etc.

Thanks Stockbunny, I was thinking initially of buying some FP. to pair up with my CTT holding. I think FP will eventually be taken over in a life industry consolidation. It too has a good yield and low PER in the meantime. I think I will go with the latter.

CTT is regaining ground today :>)

Why no "fundamental Data" . . . . ?
The SP is about the same as Sept2005, when the Posts stopped.

I believe that Prov. Finance PFG is similar . . . . but which is the "better-value".. . ?
( Not FP. )

PFG and CTT are both in the "sub-prime market" - although it seems their risk-taking is minimal and NOT to be confused with the US-sub-prime.

Cattles raises it's cash from corporate bonds, which does not seem to cause concern in the markets, so it doesn't really fall in the same category as the high street banks.
Consumer credit accounts for approx 90% of their loan book of which only approx 7% is bad debt. They are running a tight ship, imo & should benefit from the withdrawal of the banks from this sector. However, the sp is cyclical & looking at the 5 year chart you need to pick your entry & exit points carefully.

As always the market seems over pessimistic, and find the present mark down with CTT surprising, it seems to be falling faster than the banks at the moment.
I checked back at the charts and noticed that the 2003 low was 238, which if reached again would put them on a yield of 8.5%.

Too tempting for me at that price.

Spitfire dont forget interest rates are likely to decline and bad debts likely to rise.

This is true, but I wonder at what point in the falling price the risk reward is worth looking at.

re checked the charts on cattles, and found the 1998 low was 200p, 2000 low was 200p, 2001 low was 210p and 2003 low was 230p. Which hopefully will put a floor on the possible fall this time.

Brought this morning at 238, and will hold for a recovery.

Looking at the chart, the sp generally recovers up to the divi date in mid march, but you would want to be out of CTT soon after that date.
With sub-prime worries this year though, history may not repeat itself.

I see what you mean, just looked back 3 years and it fell each time after div date, but as you say this year may be different.

9 for 20 Rights issue at 1.28 - oh dear, another lender finding business is not "as usual" - ( this is effectively 1 for 2 = dilution. ) - so expect a sp fall to about 1.50 once the new shares are traded.

The company claims it won't need new money ( presumably from any shareholders) . . . . for the next 5-years. Well, let's hope so.

Anyone else with an opinion . . . + anyone going to their AGM?

EDIT:
Hi Halifax - I read that, but take it to be some "Regulatory" effect of EU Rules, since they are already fairly close to being a "Bank" ( ie they deal in money in the crudest terms) . . . . thus I think the difference is slight and "might" even make their regulation less rigorous - they haven't explained the "for" and "against" - perhaps the Prospectus will be forthcomming?
I don't hold, having a fear of such operations targeting primarily "poorer folk" - but maybe I could be wrong!

They are raising cash to expand their business and are applying for a banking licence.

Why has Cattles drop to 202p this am?

Rights issue - now with rights I believe.

this share is plummeting too like many right now

Rights issue was priced at 128p, so I imagine this was considered to be a realistic level??? Certainly looks like it's headed that way.

For those that took up the rights issue, the new shares are listed as CTTR, which are tradeable in their own right and have a different price from CTT. I have been informed that this is because the CTTR stock will not be entitled to the next dividend (due approx sept), but it is likely that the two listings will be amalgamated once the divi date has passed. This also means at the moment, each stock is subject to a dealing charge when traded.

Thanks Harrycat, useful to have a single source of Info.
-Both Cattles are in downward movement today - probably tracking themselves so MM's don't get a nasty surprise, come Sept08 (etc).
Typically 1.18 - so that's below the Rights, isn't it?
Not sure that becoming a "Bank" was ever a good idea.....

- - - Is this the final market shake-out, as even "believers" rush for the door? - - - -

I see Tanfield is massivly down . . . compare TAN (9p today) with a year ago. Grief.