Paragon Banking Share Discussion Threads

[prestigen] 31/1/2014 07:46

IMS Today:

"The financial performance of the Group remained strong during the period to 31 December 2013, in line with management's expectations, generating operating profits (before fair value items) of £26.9 million, compared with £23.7 million for the corresponding period in the previous year, a 13.5% increase. Pre-tax profits, after a credit of £0.2 million for fair value hedging items, were £27.1 million for the period. "

All looks very good to me indeed!

[prestigen] 30/1/2014 16:58

I have next week sometime pencilled in sometime CR. Uptrend seems very much in tact to me.

[the drewster] 30/1/2014 15:46

potential H&S forming which could test 300p ... a trading statement would override though and set the new short term direction.

[cockneyrebel] 30/1/2014 15:40

Trading statement imminent.

CR

[prestigen] 23/1/2014 08:31

Nigel Terrington, Chief Executive of Paragon, commented:

"We are delighted with the success of our second retail bond. We have received a very positive response from investors demonstrating the attractiveness of Paragon and the growth opportunities for our business. This bond complements our already strong balance sheet, allows us to diversify our funding base and extend the tenor of our debt maturities."

[prestigen] 23/1/2014 08:31

Nigel Terrington, Chief Executive of Paragon, commented:

"We are delighted with the success of our second retail bond. We have received a very positive response from investors demonstrating the attractiveness of Paragon and the growth opportunities for our business. This bond complements our already strong balance sheet, allows us to diversify our funding base and extend the tenor of our debt maturities."

[wirralowl] 16/1/2014 20:52

Positive review from Fixed Income Investor's Oliver Butt, regarding the company's latest bond issue:

hxxp://www.fixedincomeinvestor.co.uk/x/analysis.html?type=bond-of-the-week&cat=analysis-comment&y=2014&aid=1216

Conclusion. Paragon's business is very straight forward and easy to understand. I definitely like it from a credit perspective. We have advanced one year further from the depth of the financial crisis since the last ORB issue and the housing market appears to be in good (maybe too good) health and therefore you would have to say that if anything the credit has improved from last time. As to value, in last week's Bond of the Week I said I would like a coupon of 6 1/8% and they have provided it. However, that was for a two year extension against the old issue not the 13 month extension we have. Using the pre-announcement price of the old issue I make it that Paragon 6 1/8% offers a 25 bp pick up against the curve. Throw in that 8 year Gilt yields are off 10 basis points since I wrote my piece and they have done us proud. If we go on to add in to the mix that no other ORB bond is offered below par and this is the highest yielding bond on the ORB I have to definitely recommend this issue. The old issue, Paragon 6% 2020, has sold off post the announcement of the new issue but I would still recommend the 6 1/8% 2022. I would expect a good premium in time, subject to stability in the Gilt market, even if you may not get the mega performance sometimes offered by inaugural issuers. I also think a 6 1/8% gives sufficient protection against any foreseeable rises in interest rates. If you have money to go into the fixed income market I would buy this issue.

[ngopal] 08/1/2014 08:31

Just a bit of adjustment going on in the market I suspect Drewster with it being ex-div today. May have knocked out some tight stops with holders who hadn't realised. Seemed settled now.

[the drewster] 08/1/2014 08:23

Marked down 15p early doors - did someone get mugged?!

[yam114] 07/1/2014 19:24

That's nice I hadn't noticed.

[simon42] 07/1/2014 19:15

Ex div 4.8p tomorrow 8th Jan

[woodcutter] 23/12/2013 20:58

Nice chart!

[simon42] 23/12/2013 16:35

New highs! ;-)

[mechanical trader] 19/12/2013 15:39

Brokers have some hefty share price targets on PAG.

Date Company Name Broker Rec. Price Old target pric Newtarget price

11 Dec 13 Paragon Group Of... Canaccord Genuity Buy 360.50 420.00 420.00 Retains

10 Dec 13 Paragon Group Of... RBC Capital Markets Outperform 360.50 - - Reiterates

05 Dec 13 Paragon Group Of... Berenberg Buy 360.50 395.00 395.00 Retains

28 Nov 13 Paragon Group Of... Espirito Santo Execution Noble Buy 360.50 393.00 424.00 Retains

01 Nov 13 Paragon Group Of... JP Morgan Cazenove Overweight 360.50 396.00 - Retains

N@W Building Society.

[mechanical trader] 19/12/2013 09:28

Breakout at PAG. Long term chart aswel.

Financials doing well today, fundys cheap aswel historicaly.

[inki] 18/12/2013 12:59

Broken the April resistance level.

[yupawiese2010] 29/11/2013 10:58

Story provided by StockMarketWire.com.

Espirito Santo retains buy on Paragon Group of Companies, target raised from 393p to 424p

[yupawiese2010] 26/11/2013 17:28

Capinto Santos reiterates price target of 390p
RBC ( Outperform market - no target price quoted )

[cockneyrebel] 26/11/2013 11:24

Canacord raise target from 390p to 420p.

Remember that the gov is cracking down on all the loan sharks too - that has to be good news for PAG and consumer credit done properly imo.

CR

[inki] 26/11/2013 08:50

Through the 3-40 level resistance.

[uhound] 26/11/2013 08:10

Expanding the business into other forms of lending - looks like a good opportunity.

[cockneyrebel] 26/11/2013 08:06

Great results - new highs coming imo

CR

[gucci] 25/11/2013 10:05

out for now

[uhound] 25/11/2013 09:45

Maybe some news in tomorrows results will help this on it's way!