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Paragon Of Companies Share Discussion Threads
Showing 3101 to 3124 of 3125 messages
|3rdeye - PAGs opportunity is not so much those rejected by mainstream lenders (which would leave PAG with riskier propositions - and they just don't do that at PAG) but those that the mainstream are UNABLE to service.
Government tax changes have forced landlords to buy BTL properties thru limited companies - but mainstream lenders just don't have the systems or staff to handle limited companies. Then add in the meddling at PRA requiring tighter underwriting standards for landlords with > 4 properties (how do you count these if landlords buy through companies???) - and the mainstream lenders will be TOTALLY unable to service the BTL purchase market. Smaller lenders are likely to be swamped with perfectly good propositions leaving PAG and possibly Kent Reliance (OSB) as the medium sized lenders in the BTL market with the capacity and skills to pick up at least SOME of the demand.
So they will have higher volumes at higher prices - and we can all join in the ensuing profits!!! BUY PAG and BUY OSB.|
|PAG.......... featured recently here. On the verge of a breakout. Nice Bowl shaped chart, cheap going forward and should get demand from those rejected at the mainstream banks for mortgages.|
|The specialist lender Paragon Group of Cos. was cut to Underperform by Merrill Lynch, according to traders.|
|All IMHO, dyorI have found a rather lukewarm BoA broker tip on PAG. The way I read it they are concentrating on valuation and also risks regarding executing strategy.Looking at earnings estimates people seem to be thinking no growth in eps this year?|
|JPM Cazenove don't like it for some reason and have been pushing out sell notices since June with target 230p. Would love to see this!
I am a great fan of this and believe the uptrend will resume.|
|All IMHO, dyorSlightly surprised by size of fall today.Seems a large (ish) volume went through today including a decent sized final auction.I have looked on investors chronicle and seems a fairly decent write up on their website. (I won't copy here due to copyright).Do people thinks this is a pause in the uptrend (we have had a good run up) or is it the start of back down again ?|
|That will do nicely
People underestimate the change in the business model
Finally a good bank in which to invest|
|Sorry just seen it!|
|Do we have a results day?|
|All the following is IMHO dyorGood couple of days leading up to the results.|
The Paragon Group of Companies PLC is pleased to announce the purchase of 100% of the issued share capital in Premier Asset Finance Limited ("Premier"). The business will be acquired by Paragon Bank PLC's asset finance division, Paragon Bank Asset Finance Limited. Regulatory approval has been received for the transaction.
Premier is one of the UK's leading asset finance brokerages, sourcing in excess of GBP100 million of lending per annum to a range of SME customers. The business, which is headquartered in Edinburgh, has a national presence, and was voted as Broker of the Year in Leasing World's 2015 awards.
The initial consideration for the purchase is GBP8.5 million, payable in cash. A further GBP12 million is payable over the following five years, subject to performance conditions. The consideration is being paid from Paragon's existing cash resources.
Commenting on the acquisition, Nigel Terrington, Chief Executive of Paragon said:
"I am delighted to welcome the Premier team to the Group's banking division. It complements our acquisition of the Five Arrows Leasing Group last year. This latest acquisition reflects our ongoing commitment to delivering a more material presence in the UK asset finance market in line with the Group's diversification strategy."
Paragon's results for the year to 30 September 2016 will be announced on Wednesday 23 November 2016.|
|Read across the OSB H1 results today, both are still very much undervalued and i continue to hold. The market has behaved completely irrationally on both these stocks and the challenger bank sector in general, they're still way undervalued even after the recent rise imv.
I expect a small pullback at some point and then we'll be off again as we lead up to the next TS's.
|Agreed - but even if this delivered very little you would still be getting a yield of > 4% - and that's ok by me in the current environment.|
|The Bank, and how it progresses, will be very key to growth (in profits) in the next 1 to 5 years I suspect.|
|Possibly because of the uncertainties introduced by the chancellor's attack on landlords (and buy to let in general) and Brexit and how that might affect the BTL market and indeed the housing market.|
|445p this time last year. Not sure why their long term value would be so much less now? even the pessimistic liberum has them as a buy with a taget of 348p. barclays are more pessimistic though!|
|I may have agreed at 240p (undervalued) - less convinced now.|
|Still look undervalued to me. But we will all find out when the full years are out in November|
|c.£47m spent on buybacks since 1st Dec so that activity could cease to underpin the price short term. Tread carefully.|
|Another 100k buy back on Friday making over 14m/42m by value now. Puts a floor under the share price and underlines that PAG were oversold after new BTL taxation last April. People have to live somewhere and many many have to rent as they can not get on housing ladder.
Very hapy to sit on these now.|
|Very encouraging announcement this morning. Still hanging on in here.|
|Since Dec1 buyback started, the market cap has been as high as £1,166m and as low as £652m (currently around £773.5m)
H1 profits were up 12.5% on 2015 to £71.9m, and FY 2015 reported a £134m group profit, EPS of 35.5pps, and Cash/Cash Equivalents of £1,056m.
There's also a near 5% dividend.
Clearly on some metrics, the business looks cheap - but I believe quite a severe property downturn is priced in for now which I can see happening and that prevents me from playing another tranche now the price has recovered from the lows.|