What does anyone think about this share in the short term?

Rise to 685?

Seems to be a good trender !

...and if the stock goes ex-rights, they get fried...extra crispy!

DIVI paid what is it? for 2017 year BB

Hedge funds caught short by Provident Financial squeeze.

Reuters - UK Focus 27th February 2018.

14 funds had large short bets at Mondays close - FCA

Lansdown Partners, Pelham, AQR among most exposed -FCA

Hedge funds were caught out by a big short when the British sub-prime lender revealed plans to shore up its balance sheet on Tuesday, triggering a squeeze which drove a near 90 percent spike in its share price.

Provident's 331 million pound ($462 million) fully underwritten cash-call was smaller than the 500 million pounds some had expected, catching a number of hedge funds on the hop and potentially exposing them to losses on their trades.

At Friday's close, around 12 million shares in Provident were out on loan, a proxy for demand from hedge funds betting the shares would fall in a so-called short trade, data from Astec Analytics showed.

Lets hear it for them!

Publication of a Prospectus

I don't understand ! I understand the short squeeze but I'm surprised the share price has risen so much.

The rights issue came in at two-thirds the value that was being mooted which enables their capital ratio to have some headroom.

But then they are going to reinstate the dividend in 2019. It seems to me that this leaves them rather leveraged in the event profits do not deliver and they will have the bonds to refinance in due course as well.

It seem to me there is alot of trust profits are going to be delivered as promised

A bit of 'whore's drawers' this morning - its already ranged a quid.

have sold yesterday, to much debt . M fool avoid also BB

RNS out this morning and now I understand price action.

Woodford has bought another 2m shares. Perhaps not all yesterday but over the last few days or weeks.

So, he's supporting the price and causing the short squeeze.

I think this is really dangerous. He's got 24% now. At 30% he won't be able to buy any more.