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PAG Paragon Banking Group Plc

690.50
16.00 (2.37%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Paragon Banking Group Plc LSE:PAG London Ordinary Share GB00B2NGPM57 ORD 100P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  16.00 2.37% 690.50 686.50 690.00 690.50 657.50 657.50 464,479 16:35:22
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Mortgage Bankers & Loan Corr 410.1M 153.9M 0.7108 9.71 1.49B
Paragon Banking Group Plc is listed in the Mortgage Bankers & Loan Corr sector of the London Stock Exchange with ticker PAG. The last closing price for Paragon Banking was 674.50p. Over the last year, Paragon Banking shares have traded in a share price range of 439.20p to 724.00p.

Paragon Banking currently has 216,529,960 shares in issue. The market capitalisation of Paragon Banking is £1.49 billion. Paragon Banking has a price to earnings ratio (PE ratio) of 9.71.

Paragon Banking Share Discussion Threads

Showing 2901 to 2922 of 3325 messages
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DateSubjectAuthorDiscuss
25/11/2014
16:16
BROKER BUYS FOR PAG TODAY.........

Date Broker Rec. Price Old target price New target price Notes
25 Nov 14 RBC Capital Markets Outperform 408.05 - - Reiterates
25 Nov 14 Shore Capital Buy 408.05 - - Retains
25 Nov 14 Canaccord Genuity Buy 408.05 453.00 453.00 Reiterates
25 Nov 14 Espirito Santo Execution Noble Buy 408.05 494.00 494.00 Reiterates
25 Nov 14 Panmure Gordon Buy 408.05 500.00 500.00 Reiterates
25 Nov 14 Liberum Capital Buy 408.05 - 442.00 Reiterates

mike740
25/11/2014
16:10
Shore Capital Reaffirms “Buy” Rating for Paragon Group of Companies PLC (PAG)
Posted by Shane Hupp on Nov 25th, 2014

Paragon Group of Companies PLC logoParagon Group of Companies PLC (LON:PAG)‘s stock had its “buy” rating reiterated by equities research analysts at Shore Capital in a research note issued to investors on Tuesday.
A number of other firms have also recently commented on PAG. Analysts at Liberum Capital reiterated a “buy” rating on shares of Paragon Group of Companies PLC in a research note on Tuesday. They now have a GBX 442 ($6.92) price target on the stock. Separately, analysts at Panmure Gordon reiterated a “buy” rating on shares of Paragon Group of Companies PLC in a research note on Tuesday. They now have a GBX 500 ($7.82) price target on the stock. Finally, analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of Paragon Group of Companies PLC in a research note on Tuesday. They now have a GBX 494 ($7.73) price target on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company’s stock. Paragon Group of Companies PLC currently has an average rating of “Buy” and an average target price of GBX 419.50 ($6.56).
Shares of Paragon Group of Companies PLC (LON:PAG) opened at 407.00 on Tuesday. Paragon Group of Companies PLC has a 1-year low of GBX 313.70 and a 1-year high of GBX 426.10. The stock has a 50-day moving average of GBX 349.4 and a 200-day moving average of GBX 350.2. The company’s market cap is £1.243 billion.
The Paragon Group of Companies PLC is an United Kingdom-based holding company, engaged in the first mortgage and consumer finance businesses.

mike740
25/11/2014
15:49
Paragon Group of Cos Reveals Share Buy-Back As Profit Jumps
LONDON (Alliance News) - Paragon Group of Companies PLC Tuesday reported a jump in full-year ...

Alliance News25 November, 2014 | 8:25AM
LONDON (Alliance News) - Paragon Group of Companies PLC Tuesday reported a jump in full-year pretax profit, driven by growth in its mortgages lending and investment divisions, helping it to launch a share buy-back programme and to raise its dividend.
In a statement, Paragon, which provides financing for buy-to-let mortgages as well as buying UK consumer debt, said it made a GBP122.8 million pretax profit in the year ended September 30, up from with GBP104.8 million in the prior year.
Paragon raised its dividend by 25% to 9.0 pence and said its share buy-back programme will initially be up to GBP50.0 million.
Paragon said its bank, which began taking retail deposits in June after receiving regulatory approval earlier this year, took GBP60.1 million in retail deposits by the end of the year. The group launched the bank in order to diversify its funding base, and wants to use it to finance an increasing proportion of buy-to-let business over time.
Although the bank reported a GBP6.4 million operating loss for the year, widening from GBP1.3 million in the prior year, that was more than offset by a rise in operating profit at Paragon Mortgages to GBP81.1 million, from GBP71.6 million, as well as a rise to GBP48.1 million from GBP34.5 million in investment division Idem Capital.
"Paragon Mortgages and Idem Capital have witnessed significantly increased new business and are well positioned for further growth. Significant progress has also been achieved in diversifying further the group's funding sources. In particular, the formation of Paragon Bank has provided us with the opportunity to diversify further both income streams and funding and we expect it to play an important role in the group's future plans," Nigel Terrington, chief executive, said in a statement.
Terrington said the dividend increase and the launch of the share buy-back programme are part of a move to improve shareholder returns as the group grows.
Paragon shares were up 4.1% at 393.40 pence on Tuesday, the best-performing stock on the FTSE 250.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
- See more at: hxxp://www.morningstar.co.uk/uk/news/AN_1416903900092084200/paragon-group-of-cos-reveals-share-buy-back-as-profit-jumps.aspx#sthash.0E9wkhvK.dpuf

mike740
25/11/2014
14:55
25 Nov 2014 Paragon Group of... PAG RBC Capital Markets Outperform 408.15 377.90 - - Reiterates
mike740
25/11/2014
13:55
IC TIP UPDATES:

Buy to let specialist and Simon Thompson recommendation Paragon Group of Companies (PAG) has issued a strong set of full year results reflecting ongoing buoyant trading conditions. Pre-tax profits rose by 17.2 per cent to £122.8m, allowing management to increase the dividend by 25 per cent to 9p a share. Buy to let completions in the year rose by 82.5 per cent and the forward order book is up 79 per cent to £415m. During the period the group also launching its own banking products and attracted £60.1m in deposits between June and September.

mike740
25/11/2014
12:30
25 Nov 2014 Paragon Group of... PAG Shore Capital Buy 401.05 377.90 - - Retains
mike740
25/11/2014
12:19
Thought these results were good first thing.

Will be holding rather than banking the gain from 340 as they are in a real sweet spot in the market. The tightening of the mortgage rules actually helps PAG as buy to let is outside of these regs so people unable to buy will continue to be forced into the private rented market.

Increased divi, share buy backs as the company is raking in cash and all divisions appear to be thriving.

GLA.... DYOR

devoncop
25/11/2014
09:51
luvvly jubbly. Tranche bought at 320 now closed.
the drewster
25/11/2014
09:45
Breaking out........
mike740
25/11/2014
09:44
25 Nov 2014 Paragon Group of... PAG Canaccord Genuity Buy 394.05 377.90 453.00 453.00 Reiterates
mike740
25/11/2014
09:35
25 Nov 2014 Paragon Group of... PAG Liberum Capital Buy 392.10 377.90 - 442.00 Reiterates
mike740
25/11/2014
09:27
25 Nov 2014 Paragon Group of... PAG Panmure Gordon Buy 392.10 377.90 500.00 500.00 Reiterates

500p share price Target.

mike740
25/11/2014
08:58
PAG

First of many Broker updates I reckon.......

25 Nov 2014 Paragon Group of... PAG Espirito Santo Execution Noble Buy 392.10 377.90 494.00 494.00 Reiterates

SP target 494p

mike740
25/11/2014
07:58
This Broker was looking for a 16% increase and we got a 17.2% increase year on year.

Tuesday 25 November

Paragon (PAG) will release its full-year results on Tuesday.

Analysts' expectations: Paragon's full-year results are expected to show both Mortgages and Idem Capital posting strong growth. Stuart Duncan at Peel Hunt reckons there could be a 16% increase in profits.

He anticipates "positive trends" in each aspect of the business, with expectations that "the Mortgage business [will] do £600 million of new completions, Idem [will] have completed further portfolio acquisitions, and the new bank to be making progress."

With Paragon currently trading at roughly 1.1x September 2015 forecast net asset value (NAV), he believes that this "undervalues the future growth in ROE (return on equity)", which is why he retains his 'buy' recommendation.

mike740
25/11/2014
07:54
HIGHLIGHTS

Underlying profits increased by 18.1% to £122.2 million from £103.5 million in 2013


2014
2013
(restated*)
Change
% change
Profit before tax
£122.8m
£104.8m
+£18.0m
+17.2%
Basic EPS
31.9p
28.2p
+3.7p
+13.1%
Dividend per share
9.0p
7.2p
+1.8p
+25%
Dividend cover ratio
3.5 times
3.9 times


Return on equity
10.7%
10.1%


Cost:income ratio
32.0%
33.2%


* note 2

Strong progress in buy-to-let and debt purchase divisions. Banking franchise established. All divisions showing strong growth prospects

· Buy-to-let completions increased by 82.5% to £656.6 million (2013: £359.8 million); pipeline increased by 78.9% to £414.8 million (2013: £231.9 million)

· Idem Capital increased its investments, net of debt, by 89.3% to £175.7 million (2013: £92.8 million)

· Paragon Bank launched car finance, second mortgage and buy-to-let operations

Significant progress achieved in Group's funding diversification strategy

· Paragon Bank's retail deposit taking activities commenced in June 2014, with £60.1 million of deposits by the year end

· Second retail bond completed, taking cumulative issuance to £185.0 million

· Two bespoke financing packages, totalling £185.6 million raised to support Idem Capital

· Warehouse facilities for buy-to-let lending increased to £550.0 million

· Securitisation issuance totalled £929.7 million over the last 12 months

Capital management

· Strong increase of 20.2% in net cash generation to £157.8 million (2013: £131.3 million)

· Group capital ratios remain strong with Core Tier 1 ratio of 19.7% and leverage ratio of 8.3%

· 2014 dividend cover ratio at top of the targeted range of 3.0 to 3.5 times, two years ahead of expectations

· Initial £50.0 million share buy-back programme announced

Outlook

· Strong new lending and debt purchase pipelines, together with the development of Paragon Bank, present significant growth prospects

· Funding diversification programme and improving debt capacity underpin sustainable growth

· Shareholder returns enhanced by higher dividends and capital management programme

mike740
25/11/2014
07:46
PAG

BEATS CONSENSUS Broker Figures easily......

2014 2015
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Shore Capital
21-11-14 BUY 122.20 30.50 8.60 142.50 36.10 10.40
Panmure Gordon
21-11-14 BUY 31.20 8.50 35.70 10.00
Peel Hunt LLP
21-11-14 BUY 121.20 30.01 8.20 138.66 34.23 9.50
Westhouse Securities
20-11-14 BUY
Canaccord Genuity Ltd
29-10-14 BUY 117.00 29.90 9.00 141.00 35.50 10.50
Numis Securities Ltd
24-07-14 SELL 119.20 30.70 8.76 126.70 32.80 10.10
Espirito Santo Investment Bank Inc
02-04-14 BUY 114.90 28.90 8.40 120.30 30.60 9.50
2014 2015

Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Consensus 120.68 30.28 8.58 140.40 35.30 10.13


Fantastic results and lets not forget the consensus figures were revised upwards on the IMS.

mike740
21/11/2014
08:39
Looks like the break out results next week should be good. Time they were back over 400p.
GAN long om PAG

ganthorpe
21/11/2014
08:37
glad I didn't, but not far from a very acceptable hike from 320.
the drewster
12/11/2014
12:20
do you think? I'm tempted to bank profits.
the drewster
10/11/2014
17:05
Desperately trying for a break out here!
wayneduncan
06/11/2014
13:23
Nice move up today
chector177
13/10/2014
09:45
Ah yes - but you never can tell looking at some of these in the city :-)

CR

cockneyrebel
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