Paragon Banking Share Discussion Threads

[the drewster] 23/5/2013 11:26

300 should provide some support - if it holds, I might have a play

[shonny] 23/5/2013 10:33

I think this thread should be renamed "Time to get out".

[scrabble1975] 23/5/2013 08:45

Stopped out.

[fozzie] 23/5/2013 08:40

Took another 20 pips on a spreadbet at 304 to average down, heavily underwater but hopeful.

[cockneyrebel] 22/5/2013 20:06

Or could bounce here and go back to 350p pretty fast if a seller has cleared.

CR

[kotze] 22/5/2013 19:54

Could go all the way down to 300 before it bounces.

K

[cockneyrebel] 22/5/2013 15:15

Boucing imo.

CR

[cockneyrebel] 22/5/2013 10:53

I just had a few more here -:

[fozzie] 22/5/2013 10:17

JPM 361 Overweight
UBS 325 Neutral
Jeffries 350 Buy
Numis 168 Sell (?) have they got the right stock
Cannacord 390 Buy

This has me scratching my head, solid statement, broker upgrades, price down on very little profit taking, hmm.

[scrabble1975] 22/5/2013 10:10

Ok, I really don't get this one. Bought on the breakout (?!) and have watched it drop 35 points since. Stop set at last support level (a little more than I would like to lose), but not making any sense. All the figures stood up, as did the management statement...Anyone shed any light on this please?! Pretty please.

[protean] 22/5/2013 10:10

Quite a pullback.

[fozzie] 22/5/2013 10:09

My pips are beginning to squeek!

[kotze] 22/5/2013 09:08

Not for too long :P

I got stopped out before the little rise

[cockneyrebel] 22/5/2013 08:36

A bit of sanity at last :-)

CR

[angels share] 22/5/2013 08:21

JP Morgan raises price target to 361p from 300p; rating overweight (22 May)

[cockneyrebel] 21/5/2013 19:20

Nice - look at that rally from 2002-2007 - that's what PAG can do in a bullish property mkt imo.

And if they do become a bank the rally is on in style imo - look back and see how these rallied on this story back in Dec::

Paragon Group, the buy-to-let lender cashing in on the decline in house ownership, is in talks to buy Hampshire Trust.

11:26
by Gavin Lumsden on Dec 03, 2012 at 10:32



Paragon Group (PARA.L), the buy-to-let lender cashing in on the decline in house ownership, is poised to become Britain's newest bank.

Responding to a story in the Sunday Times the company today confirmed it was considering buying Hampshire Trust, a small private bank owned by National Counties building society.

The acquisition would give Paragon a banking licence which it could use to offer savings accounts to its customers. As well as broadening its product range it would also give Paragon another source of funding for its mortgages.

Paragon mostly relies on wholesale markets for its mortgage funding. It was hit hard in the financial crisis but survived the credit crunch after raising money from shareholders in an emergency rights issue four years ago.

The news lifted Paragon shares nearly 2p to just over 242p. The shares have jumped 33% this year but are still well below their peak six years ago.

The shares are held by Jamie Hooper, manager of the AXA Framlington UK Growth fund, who recently told us he thought Paragon was riding a 'fantastic trend' in buy to let as people had to rent for longer before buying their own homes.

Last month Paragon reported full-year pre-tax profits had jumped 16% to £94.2 million. Chief executive Nigel Terrington said it had been able to grow through buying blocks of mortgages from the big banks that needed to scale down their borrowings




CR

[sat69] 21/5/2013 17:50

Added the 15-yr chart to the header for more guidance!

[cockneyrebel] 21/5/2013 16:37

I think there's clearly sellers in today, taking profits after the shares have one bagged in less than a year imo.

But a 5% fall after a 100% rise is hardly a disaster, and perhaps an opportunity for many. I'm holding - I've been here before with this one several times.

All imo/dyor etc.

CR

[soundbuy] 21/5/2013 16:34

Well, 1st foray here not that great, only took 30% of what I wanted, will see how tomorrow pans out, sat on hands although tempted to take more throughout the day

[kotze] 21/5/2013 16:32

Amended my stop by a couple of points for the wider spread tomorrow morning, hopefully a nice bounce back is on the cards.

Other than PAG not a bad day

[fozzie] 21/5/2013 16:18

Just come in and very surprised at the share price reaction following this mornings report which i thought was very good. Buy order filled at 335 which is good and just had some more at 325. Money for old rope? we will find out tomorrow i think.

[rhatton] 21/5/2013 16:13

Yep stopped out. Seemed like a good report this am. Maybe a bounce back tomorrow?

[scottishfield] 21/5/2013 16:12

this is a nasy drop