Paragon Banking Share Discussion Threads

[malcolmbell] 28/1/2013 16:48

Given the delay to the tranding statement advertised as January I would expect they must be sewing up the deal to buy in a banking licence. This should see a potential 30% upside over the next few weeks if this is the case as the business model and scale of the opportunity will be transformed.

[funkmasterp12] 28/1/2013 08:48

This has got some wind behind it now. 290p would be in line with sector PE average.

[mechanical trader] 25/1/2013 10:25

Looks like results monday then.

Get it right one day.

Gave me chance to add some more.

[mechanical trader] 24/1/2013 11:48

Moving up nicely.

[mechanical trader] 24/1/2013 08:01

Results tomorrow??.

[mechanical trader] 23/1/2013 16:36

Broker note just out this afternoon...

23 Jan Paragon Group of... PAG Canaccord Genuity Buy 273.05 270.30 313.00 313.00 Retains

313p share price TARGET.

[mechanical trader] 22/1/2013 21:30

ie, this.....................

RNS ANNOUNCEMENT
The Paragon Group of Companies PLC
3 December 2012

Response to press speculation

The Paragon Group of Companies PLC ("Paragon") notes the recent press speculation and confirms that it is in the early stages of considering the acquisition of Hampshire Trust Plc, a wholly owned subsidiary of National Counties Building Society.

There is no certainty that a transaction will be concluded. Paragon will update the market when it is appropriate to do so.

John G Gemmell

[mechanical trader] 22/1/2013 21:26

Would be good to get update
on that Banking status aswel.

[funkmasterp12] 22/1/2013 15:54

Great movement here. Hoping for a positive T/S - as above on the last figures 280p seems a realistic target on the current PER comparitive to the sector and the forward EPS forecast. Unless there's a material impact on this in the T/S, which appears unlikely, it looks good here.

All IMO.

[cockneyrebel] 22/1/2013 14:36

breaking out.

CR

[mechanical trader] 22/1/2013 07:55

Strange no TS,

IG Index have today down !!.

[mechanical trader] 22/1/2013 02:42

Trading update should be in the morning.

Hoping it leads to a breakout.

[cockneyrebel] 18/1/2013 11:28

Feels like a breakout coming here pretty soon imo, trading update Jan 25th last year.

CR

[mechanical trader] 09/1/2013 10:10

PAG PARAGON

This from Broker Berenberg this morning...

Paragon:
According to research by specialist mortgage broker Mortgages for Business, more
than 55% of landlords are looking to increase their property portfolios and over 40% plan to
remortgage over the next six months. The buy-to-let sector continues to see a modest recovery
stemming from attractive yields (6-7%) available on residential property investments as tenant
demand surges due to continued limited access to credit for first-time buyers. This will benefit
Paragon, which is looking to take advantage of this trend by more than doubling new lending to
c.£400m in 2013. The stock has re-rated sharply in last six months (up c.60%) and now trades on
a 2013 P/TBV of 0.9x for an RoTE of 9%.

[mechanical trader] 09/1/2013 10:08

A lot of newsflow coming up in next few weeks aswel.

[funkmasterp12] 09/1/2013 08:04

Shares ex-div today.

[funkmasterp12] 31/12/2012 14:15

Fundamentals look strong here. PE of 10.5 versus a sector average of 13 - even PE 11.5 would put these at 280p based on current EPS and all the noises seem to be good. Based on forecasts, 2013 net profit looks to be c. £80m which gives 26.6 EPS - in line with the growth seen in previous years (in fact slightly light).

That would suggest 290-300p seems a reasonable target for now based solely on current trading.

Banking license would really be the icing on the cake. Fingers crossed for some positive news to come.

All IMO.

[mechanical trader] 07/12/2012 07:56

PAG PARAGON

Breakout confirmed on the 48 hour
TA rule on this one. Excelent new 52
week
high...

[mechanical trader] 06/12/2012 09:22

Heading higher was Paragon, the buy-to-let lender. It added 1.8p to 242p after it confirmed reports it was seeking a banking licence with the possible purchase of Hampshire Trust, a private bank which offers loans and development finance. Espirito Santo said:


For Paragon the attraction is that the banking licence offers deposit accounts and savings bonds which Paragon could use as a source of retail funding. This would diversify Paragon's sources of funding and enable it to meet the demand it is experiencing from retail borrowers it has acquired through its recent portfolio acquisitions once they have repaid their loans – an opportunity management said they are currently having to turn down. Although this is still early stages, it does highlight managements proactive approach to increasing return on equity within the business and adds to our belief that there is significant value within the group.

[mechanical trader] 06/12/2012 09:22

Breakout confirmed.

[cockneyrebel] 05/12/2012 10:21

Cheers :-)

Broke out intraday today - think they'll be firm and at new recent highs come the close, on a day like today in the mkt that looks like being a good one generally imo.

CR

[sat69] 04/12/2012 16:27

Good call CR - You were right on the money with this one.

[cockneyrebel] 04/12/2012 13:52

Testing the highs - I love this stock :-)

Ride your winners :-)

CR

[cockneyrebel] 04/12/2012 11:49

215p my Rs Sat69 - I think you meant 315p :-)

CR

[cockneyrebel] 04/12/2012 11:10

Canacord out with a buy 313p target

CR