Consumer finance provider Non-Standard Finance (LON: NSF) failed to acquire Provident Financial (LON: PFG) earlier this year and the interims on Tuesday provide an opportunity for management to lay out what the ongoing strategy will be.
The costs of the failed bid are likely to be at least £10m and will be taken as an exceptional. The share price has halved this year and the shares are trading on a rating more in line with other finance providers. Yet, prospects for the current operations appear good.
The group is the market leader in unsecured branch-based lending, which is growing, a...
