Paragon Banking Share Discussion Threads

[biggcl] 05/3/2013 10:48

Thanks CR.

I'm in as well - just a few weeks.Your investments are always worth watching and your postings always worth reading.

[cockneyrebel] 05/3/2013 10:42

Said I was watching closely bigcl, not taking profits yet.

The notes they issued look well taken up imo and probably means these are going way higher imo. Funding for the co seems to be getting much easier - the only thing holding back growth was funding imo. M.Lynch note spells it out apparently - got the Dow Jones headlines below.

"0753 GMT [Dow Jones] Bank of America Merrill Lynch upgrades Paragon Group (PAG.LN) to buy from neutral and target to 385p from 280p. Says funding prospects continue to improve at a time when buy-to-let demand is increasing. "With increased confidence in the growth story we are willing to put more of a value on the mortgage business and Paragon's ability to deploy its surplus capital of more than GBP150 million more effectively," says BofA. Shares closed Monday at 310p. ([e-mail])

[biggcl] 05/3/2013 10:19

Post 2125?

[cockneyrebel] 05/3/2013 08:36

Big new highs coming here soon imo.

CR

[the drewster] 28/2/2013 10:24

ML note out with 390ish price objective

[cockneyrebel] 25/2/2013 11:59

Relentless rise, punters piliung in on the tip - time to take profits when the crowd are in here now I suspect - will watch closely here on.

CR

[cockneyrebel] 21/2/2013 12:53

Look how this dip has been bought up today - this just screams something going on imo.

Target from a bank looks likely imo.


CR

[cockneyrebel] 21/2/2013 12:43

Bouncing well off the day's lows today - someone is a keen buyer here imo.

Pretty covinced there's news coming imo.

All imo/dyor etc.

CR

[f1araway] 19/2/2013 22:05

It is one of the favourites of UK smaller companies funds + very well tipped at New Year. I for one am riding that very wave, (it never having been in my ken previously).

[cockneyrebel] 19/2/2013 19:08

Something going on imo - volume has been huge since mid -Jan.

CR

[f1araway] 19/2/2013 15:14

Yes strong yet 50% more sells than buys.

[cockneyrebel] 19/2/2013 15:03

I suppose a bid from a bank would be one way for them to get a banking license?

Look at the recent volume.

CR

[cockneyrebel] 19/2/2013 15:02

News driven rally?

Something going on?

Very strong today.

CR

[cockneyrebel] 19/2/2013 11:28

This is a lovely chart, great new highs.

Any broker downgrades over the past months have just been swatted away - brokers talk with fork tongue imo - they are the ones putting clients int these while the broker notes have suggested something else.

If PAG do make an acquisition that gives them the banking license there's a step-change here imo - I think that's only a matter of time.

All imo/dyor etc.

CR

[the drewster] 13/2/2013 17:00

The new funds aren't for long term purposes though, surely they serve only to package up prior to securitising on the long term markets whereby the match funding approach gives a clear and well defined margin?

[muangsing] 13/2/2013 16:17

Maybe I don't understand Paragon fully but the 2012 audited financial statements gave an interest receivable figure of 294m on loans/assets ( excluding derivatives ) of 8,695bn.

This suggests they are charging interest at 3.5% approx.

Yet re RNS 13/2/13 they are raising money at a fixed rate of 6% per annum until 2020.

Presumably they must expect interest rates to rise over the next few years?

Regards

[cockneyrebel] 13/2/2013 11:53

£3 hit, le's see these move on now.

Financing news today too.

CR

[phillis] 12/2/2013 16:17

expansion on the horizon

[cockneyrebel] 11/2/2013 13:42

£3 can't be far away imo.

CR

[chester] 31/1/2013 11:07

Up we go...

[f1araway] 31/1/2013 09:14

"the Group was in the early stages of considering the acquisition of Hampshire Trust plc, a wholly owned bank subsidiary of National Counties Building Society. These discussions have now terminated"

No bank for the moment then.....

Sells: Buys = 40:1

[cockneyrebel] 31/1/2013 08:06

Going way higher imo - buy to let getting stronger and stronger imo.

CR

[yupawiese2010] 29/1/2013 10:50

Paragon was formerly called National Home Loans. They were a deposit - taking company.

They almost collapsed by reason therof. Local Government institutions(Borough Councils etc.) were large depositors -- but due to a scare -- not caused by NMH -- councils were obliged to withdraw their deposits. Causing serious funding problems for NMH and ultimately requiring intervention and tacit support from Bank of England.

NMH rose from the ashes and later changed its name --almost crumbling again during the 2009/10 financial crisis.

There is an amazing will to survive here. I like the company.. But do not get carried away!!.

Would love to think obtaining a banking licence would give us a 30% upside over the next few weeks, but for my part I will accept 5%