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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Paragon Banking Group Plc | PAG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 8.00 | 1.16% | 698.00 | 16:35:04 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 693.00 | 691.50 | 701.00 | 698.00 | 690.00 |
| Industry Sector |
|---|
| NONEQUITY INVESTMENT INSTRUMENTS |
| Top Posts |
|---|
Posted at 08/6/2023 16:51 by future financier TD - surely you remember the last financial crisis - and the one before - did PAG suffer any bad debts? OK - they did screw up in their treasury management and had to do that horribly discounted rights issue (but that turned out to be the most amazing opportunity for investors) - you can be sure they won't screw up that way again. Besides which with their retail funding they have precious little exposure to the whims of the capital markets. |
Posted at 13/12/2021 12:01 by km18 Paragon's operating profit soared to £194.2m from £120m in 2020. Given the firm’s robust lending pipelines and increasingly diversified funding structure, more sources of income will be generated. Considering the heavy investment in technology, the firm is likely to optimise value for businesses. This strategy was incorporated into the full year dividend, since it surged to 26.1p from 14.4p in 2020, signifying that market participants are yielding higher returns on their investments in Paragon. From a valuation perspective, the security is still undervalued and is likely to surge further in value, as illustrated by the P/E ratio of 9, lower than thrifts and mortgage finance industry’s P/E ratio of 15. Consequently, it implies that Paragon is trading at a discount with respect to its peers, hence it is cheaply available for investors to purchase the security.Keep up to date with WealthOracle AM |
Posted at 29/7/2020 15:24 by stun12 Found an investor report for PM-25 from mid-June. Payment holidays for 19.4% of the pool, >90 days arrears for just 2 loans and Receiver of Rent for 1 loan. Not too bad at all. |
Posted at 29/7/2020 13:56 by stun12 Thanks, seems a fair explanation. Of course, it should apply to the whole stock market, but here we are hovering around the 6100 level on the FTSE. I had a look on the Paragon investor website to take a look at reported arrears for the last few securitisations, but the data was at at the end of April for the relevant transactions. New data should be out next week for the quarter ending 31st July. |
Posted at 25/5/2018 12:16 by shaker44 Tipped as a buy yesterday by Simon t. Investors chronicle. He has more faith than Mr Market evidently |
Posted at 29/4/2017 17:30 by effortless cool Edit: Belated New Year resolution - don't let know-nothings on bulletin boards wind you up. Jut use the filter. |
Posted at 24/11/2016 17:05 by dandanactionman 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 ? |
Posted at 30/6/2016 11:12 by woodcutter XD today so a small drop expected.I posted this on the OSB thread and re-post here as i own both stocks. The whole challenger bank sector is being totally misjudged by investors on the basis that if house sales diminish it will hurt the sector. It may well hurt the builders but interest on existing loans still needs to be paid. Much depends on how interest rates move and the effects on NIM for the challengers and this has to be balanced with the potential effect on the exchange rate for the £gbp. So i figure there'll likely be no immediate moves on interest rates. Clearly there's concern over impairment and foreclosure but this appears way over done to me. There's too much negativity on the likelihood of impairment charges in the event of a downturn in the economy. We have the highest employment figures we've had for years and even allowing for any restrictions on migrants as a result of an EU deal on trade there'll still be BTL growth to accomodate those who need homes. The larger banks are also very much aware of the encroachment of the challenger banks on the SME loan sector and it is going to get much worse for them. The current per ratings are ludicrous based on forecast eps. OSB forecast eps 39p sp 197p per 5 equity to loan book percentage 6.2% PAG forecast eps 40p sp 250p per 6.25 equity to loan book percentage 8.9% ALD forecast eps 26p sp 121p per 4.65 equity to loan book percentage 8.6% SHAW forecast eps 31p sp 170p per 5.5 equity to loan book percentage 11% VM. forecast eps 31p sp 242p per 7.8 equity to loan book percentage 5% The most important metric imv is the ratio of equity to loan book value as it gives you some idea of the impairment required to wipe out the shareholder equity. You also need to consider the LTBV of the loan book in many cases this is as higher than 50% so any assets reclaimed at foreclosure have siginifcant value attatched. aimho woody |
Posted at 26/2/2016 16:28 by my retirement fund Yea but BTL investors are simply moving into limited company arrangements - whilst the lesser non professional brigade eg moved into the wives house and so we decided to rent out the husbands rather than sell are the ones being put off right |
Posted at 09/8/2015 22:54 by yupawiese2010 From the I.C last week.Shares in the UK’s largest buy-to-let mortgage lender Paragon (PAG: 412p) are up 18 per cent in the nine months since I recommended buying at 347p (‘Riding the buy-to-let boom’, 27 October 2014), but are adrift of the 440p price level at the time of my last update (‘Repeat buy signals’, 11 May 2015). They are currently priced on a modest 11.5 times earnings estimates of 35.7p a share for the financial year to end September 2015, underpinned by a prospective dividend yield of 2.4 per cent based on a hike in the payout from 9p to 10p a share, and are rated on a price-to-book value of 1.3 times. The pull back in the share price since it hit a high of 461p is largely down to the change in government policy towards buy-to-let property landlords with restrictions being placed on the amount of mortgage interest they can offset against rental income on the homes they rent out. That said, I feel that professional investors are taking a sensible approach to the change in government policy as they will still be able to deduct all finance costs from their rental income until the 2017-18 tax year, and tax relief won’t be fully restricted to the basic rate of 20 per cent until the 2020-21 tax year. Someone looking at a buy-to-let investment today will be fully aware of the changes in the tax regime and will be factoring this into their decision. It’s also fair to say that residential property as an asset class still offers attractive net yields if you buy in the right areas even after taking into full consideration the impact of the aforementioned tax changes. With government bond yields at record lows, there are few alternatives which offer solid asset backing and a reliable income stream for yield hungry investors. And the potential group of investors looking at buy-to-let investments is not getting any smaller as this April’s tax changes to pensions has enabled millions of over 55s to access their pension pots. I still contend that some of these funds will make their way into the buy-to-let market as deposits on debt funded property purchases, a point I made when I initiated coverage last autumn. Furthermore, business is clearly good for Paragon as the company highlighted in its trading statement at the end of last week: the pipeline of buy-to-let mortgage business was at £865m at the end of June 2015, up 167 per cent on 12 months earlier; Paragon Bank's savings proposition has developed strongly, with the balance of deposits outstanding rising to £389m by the end of June; and the company is currently tapping the London Stock Exchange retail bond market by issuing its third bond issue. There is no shortage of investment appetite for either borrowing from or lending to the company. So ahead of Paragon’s full-year results for the year to 30 September 2015, I rate the shares a buy on a bid-offer spread of 411.5p to 412p. |
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