Paragon Banking Share Discussion Threads

[makinbuks] 28/1/2022 10:18

Price drop was around 5%, ex div was 3% of that

Excellent update today, market tried to go higher but dragged back by the general malaise.

I really think this could get back to £7 this year

[makinbuks] 27/1/2022 12:02

rather large dip this morning???

[km18] 13/12/2021 12:01

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

[the drewster] 07/12/2021 10:24

Was happy to take some off the table on the early spike.

Nice divi, but expect to be able to buy sub 500 in '22

[future financier] 07/12/2021 09:56

..... and market says "meh".

Never understand why the market responds as it does!

[phillis] 07/12/2021 09:25

Stellar performance
Long term hold

[makinbuks] 08/6/2021 10:28

Agreed, excellent set of results, prospects for the coming year look pretty good. Dividend restored and the buy back is out of the blue. Not a fan of buybacks but having more or less recovered to the pre pandemic level I think we can reasonably expect a 20% total return in the next 12 months so I'll hold

[dendria] 08/6/2021 09:52

Quiet board.

Strong set of results - not sure about the share buy-backs though.

[phillis] 07/6/2021 14:43

results manana

[jonnybig] 03/12/2020 08:01

Looks good to me

[phillis] 30/11/2020 14:15

Results this Friday

[stun12] 21/9/2020 13:11

Quite the precipitous fall today. Not really sure why but did dip my toe in the water at 311.

Be careful out there, it's a jungle.

[future financier] 30/7/2020 11:23

stun - My point is that Paragon always used to be the most tightly managed btl lender - now you are having to compare with the worst in order to say that it is doing "not too bad". To my mind that is losing the plot!

[stun12] 30/7/2020 10:50

The Fleet / Landbay / Topaz one (Canada Square 2020-2) did use a 31st May cut-off pool, but that probably doesn't make a lot of difference. A Pepper UK deal had 1/3 on payment holiday, Belmont Green (Tower Bridge)28.5%, Paratus AMC 11.1%, Kensington 21.1%.

Just looking at the monthly figures for PM-25, it does look like it got a bit out of hand early on and is gradually recovering. Figs for:

April 22.68%
May 24.35%
June 19.43%

[future financier] 30/7/2020 10:29

Really stun??? - when Lendinvest have recently posted a securitisation with 4.2% and an assorted bundle from Fleet/Landbay/Topaz had 4.3%? I would call that performance with MPH pretty hopeless!

[stun12] 29/7/2020 15:24

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.

[future financier] 29/7/2020 14:16

Paragon has lost the plot (allegedly) on controlling the mortgage payment holidays - heads should roll as it wouldn't have happened under John Heron. But I am sure that they will recover the situation without significant loss - so probably a bargain right now.

[stun12] 29/7/2020 13:56

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.

[the drewster] 29/7/2020 13:11

I think the worry is with the post covid redundancy numbers likely to be significant, arrears (for homeowners and landlords) will go through the roof and the impct on all lenders could be significant.

Think zero dividend already priced in too.

[stun12] 29/7/2020 12:48

Is anyone still following this one? Recent fall seems unjustified as far as I can see. I've bought a bit but I'm reluctant to go in balls deep until I can work out why it's down here...

[the drewster] 10/3/2020 08:15

Waiting for at least an element of calm to return, at which point I'll be bagging hods of these.

[the drewster] 09/3/2020 16:53

Sub 4 .... interesting again