Paragon Banking Share Discussion Threads

[cockneyrebel] 12/10/2012 11:32

Results eraly Nov - start of a run up to them here imo.

CR

[cockneyrebel] 12/10/2012 11:30

Breaking out here guys - one hell of a chart - 250p looks nailed on here short to medium term imo.

CR

[the drewster] 10/10/2012 14:34

New highs since the 2007 debacle that would be.
Looking at the annual high's and lows shows you what a fantastic share this could be to trade, but big gains have regularly been followed by very large falls, so do beware if you decide to play.

[sat69] 10/10/2012 14:27

Just popping in to keep you company CR!

[cockneyrebel] 10/10/2012 14:01

Looking hot

Chart set to break that recent high imo.

CR

[cockneyrebel] 05/10/2012 11:53

That big high getting taken out soon imo.

Results in a month approx.

CR

[cockneyrebel] 04/10/2012 11:43

Looking hot today.

CR

[cockneyrebel] 03/10/2012 10:45

Chart making higher highs and higher lows again, through the recent resistance.

CR

[cockneyrebel] 30/9/2012 10:33

Cheers bigbigdave :-)

CR

[bigbigdave] 30/9/2012 08:25

Gets a buy rec in Midas

[cockneyrebel] 29/9/2012 09:47

Yes northernlass - I suspect many investors shy away from anything with the word 'loan' or 'debt' in it - that's when you buy stuff cheap imo. PAG looking like a great business to me.

CR

[northernlass] 29/9/2012 09:32

Buys Big Revenue Earner

PARAGON BUYING UP CREDIT CARD DEBT

Paragon, the specialist buy-to-let mortgage lender, said one of its companies had snapped up a bundle of credit card debt from MBNA Europe Bank.

The firm is finding fertile hunting ground in banks trying to clear debt off their balance sheets.

The purchase of closed UK consumer credit card debt is expected to be worth £16.2m and will be funded from Paragon's case reserves.

The acquisition is expected to be earnings enhancing to the company in the current financial year.

This acquisition follows a similar deal by Idem, one of Paragon's companies, to buy debt from MBNA in December last year for £55.7m.

"This is the eighth transaction by Idem Capital and brings the total investment in the current financial year up to an expected £115.7 million, resulting in the division becoming an increasingly large part of the Group's activities," said Paragon's Chief Executive Nigel Terrington.

"Idem Capital was the UK's second largest buyer of consumer loan portfolios in 2011 and we continue to see attractive portfolio acquisition opportunities with the banking and financial sectors increasingly seeking to de-leverage their balance sheets."



27 September 2012

Peel Hunt retains its BUY recommendation for Paragon Group with a target price of 288p.

P.S.
Here's some links about SCLP, one of the hottest stocks at the moment:

[cockneyrebel] 26/9/2012 10:42

Fab results from loans co SUS today.

CR

[cockneyrebel] 21/9/2012 14:02

Bouncing of yesterday's level again - looks like that might be a good support here imo.

CR

[the drewster] 19/9/2012 09:52

I guess a bounce off 200p would be a positive sign and set it up, temporarily at least, as a new support.

[the drewster] 17/9/2012 13:00

The rise in early 2009 was the most spectacular (c. 400%) - I have a friend who bought about 250k in the low 60s and he reckons he wouldn't sell his holding for less than £1m.

History of volatility and leaks (the rises and falls seem alarmingly in tune with announcements made shortly after) makes it one I'm happy to sit by and watch.

Well done to those holding all the same.

[cockneyrebel] 17/9/2012 12:53

Fwd PE of just over 8, brokers raising forecasts, you can see why these are breaking out imo.

CR

[sat69] 26/6/2012 22:44

Good rise from 150p.

[northernlass] 23/6/2012 12:44

Profits 13.4% Higher

PARAGON GROUP PROFITS 13.4% HIGHER THAN PREVIOUS YEAR

The Paragon Group of Companies' pre-tax profits increased by 13.4% in the six months to March 2012 to reach £44.8m.

Paragon Mortgages' parent advanced £87.2m of new buy-to-let loans in the period and £2m of further advances were made to existing borrowers, compared with £29.6m of new loans and £2.7m of further advances in the same period last year.

It also completed its first securitisation since 2007, for £163.8m - the first deal consisting solely of buy-to-let loans by any lender in the UK since the credit crisis.

John Heron, managing director of Paragon Mortgages, says: "The first half of the year was successful in terms of the level of applications received for buy-to-let loans, from both new and existing customers, following the introduction of 50 new products launched in January.

"Our strategy for the rest of the year is to generate further buy-to-let business and keep our low level of arrears across all of our loan portfolios."

Source:





P.S.

Here's a couple of links about SCLP, one of the hottest stocks at the moment:

[sat69] 16/5/2012 11:46

Quite undertstandable Drew!

[the drewster] 16/5/2012 10:39

reviewing entry point downwards in these markets!

[the drewster] 09/5/2012 08:16

We're on or around the support level, but there is no guarantee it will hold in these markets. I expect it to be well and truly tested over the coming days, and have a buy target of 150 if it can find that level intra-day.

[sat69] 08/5/2012 23:02

Charts showing good support at these levels.

[the drewster] 29/3/2012 13:01

The rights issue at the time of the 25 for 1 consolidation when the company was rescued in January/February 2008 was priced at £1 per new share... so an 80% gain in 4 years is pretty good.

Alas, those that were holding in the months prior to that issue, and sitting in while the shares traded over £7 (£175 per share equivalent now) could (must?) still be nursing some painful losses.

In that time, the execs have had a bundle of nil paids and bonus awards off the back of the performance share plan. (Terrington appears to have just over 3m outstanding, Keen over 2.25m and Heron over 1.5m). They have made millions, including some nil paids awarded and sold only in February this year, where each was awarded around 500,000 nil paids and all sold them for between £1.79 and £1.82

The rewards of the top management appear some way out of line with those enjoyed by investors in the business, alas a very common state of affairs in the financial sector. Hopefully the staff that work there have enjoyed similarly spectacular gains in personal wealth...