Paragon Banking Share Discussion Threads

[effortless cool] 19/4/2017 20:57

I suspect the approach may not be unconnected with the fact that buying back shares helps bonuses whereas paying dividends does not.

"As the business grows and becomes more diversified, while the level of regulation increases, the focus on effective risk management becomes of increasing importance to the long term wellbeing of the Group. The Committee is mindful that the PSP should reflect a balance of the key performance indicators for the business. In line with market practice in the sector and to reflect the regulatory environment and good governance for a regulated business, it has therefore been decided to introduce a risk-based element into the PSP. This is in order to maintain the balance of internal and external measures, meaning that the risk and EPS elements will in future constitute 50% of the award. Further details of how risk will be assessed for the PSP to be granted following the Group’s results announcement are detailed in section B5.2.3".

[johnweaver] 19/4/2017 20:03

These guys have been steadily buying back their own shares and keeping them in treasury.
Any opinions on this policy?

j

[3rd eye] 15/3/2017 09:43

PAG Paragon... should benefit from % rates rise in USA tonight. Looking strong at the moment. Breakout from downward technical channel.

[phillis] 15/2/2017 15:08

motoring on nicely

[effortless cool] 09/2/2017 20:44

One of the tips of the week in the IC.

[the drewster] 08/2/2017 11:36

That's £100M since December 2015 then... bought as low as 228p (6th july '16)

Still think Execs get too many nil-paids.

[helpaargh] 08/2/2017 09:43

You are dead right:-




RNS Number : 0858V

Paragon Group Of Companies PLC

25 January 2017

The Paragon Group of Companies PLC:

Non--discretionary share repurchase programme

The Paragon Group of Companies PLC (the "Company") announces that it has entered into an irrevocable, non--discretionary programme with Jefferies International Limited ("Jefferies") to repurchase an amount of shares no greater than GBP25 million during the period commencing on 25 January 2017 and ending no later than 31 May 2017. The shares so purchased will be held in treasury, but may be cancelled subsequently.

[the drewster] 08/2/2017 09:40

Did I read that they extended the buy-back program by ANOTHER £25m?

[phillis] 08/2/2017 09:14

strong rise continuing

[the drewster] 10/1/2017 08:48

Execs filling their boots with nil-paids and selling them instills confidence!!

[3rd eye] 10/1/2017 08:41

Paragon Group of Companies (The)... PAG Macquarie Outperform 0.00 403.30 367.00 446.00 Reiterates

Paragon Group of Companies (The)... PAG Peel Hunt Buy 0.00 403.30 460.00 460.00 Reiterates

[phillis] 16/12/2016 10:46

steadily rising

[future financier] 01/12/2016 09:36

3rdeye - PAGs opportunity is not so much those rejected by mainstream lenders (which would leave PAG with riskier propositions - and they just don't do that at PAG) but those that the mainstream are UNABLE to service.

Government tax changes have forced landlords to buy BTL properties thru limited companies - but mainstream lenders just don't have the systems or staff to handle limited companies. Then add in the meddling at PRA requiring tighter underwriting standards for landlords with > 4 properties (how do you count these if landlords buy through companies???) - and the mainstream lenders will be TOTALLY unable to service the BTL purchase market. Smaller lenders are likely to be swamped with perfectly good propositions leaving PAG and possibly Kent Reliance (OSB) as the medium sized lenders in the BTL market with the capacity and skills to pick up at least SOME of the demand.

So they will have higher volumes at higher prices - and we can all join in the ensuing profits!!! BUY PAG and BUY OSB.

[3rd eye] 01/12/2016 09:14

PAG.......... featured recently here. On the verge of a breakout. Nice Bowl shaped chart, cheap going forward and should get demand from those rejected at the mainstream banks for mortgages.

[quickmind] 24/11/2016 21:51

The specialist lender Paragon Group of Cos. was cut to Underperform by Merrill Lynch, according to traders.

[dandanactionman] 24/11/2016 17:29

All IMHO, dyorI have found a rather lukewarm BoA broker tip on PAG. The way I read it they are concentrating on valuation and also risks regarding executing strategy.Looking at earnings estimates people seem to be thinking no growth in eps this year?

[future financier] 24/11/2016 17:25

JPM Cazenove don't like it for some reason and have been pushing out sell notices since June with target 230p. Would love to see this!

I am a great fan of this and believe the uptrend will resume.

[dandanactionman] 24/11/2016 17:05

All IMHO, dyorSlightly surprised by size of fall today.Seems a large (ish) volume went through today including a decent sized final auction.I have looked on investors chronicle and seems a fairly decent write up on their website. (I won't copy here due to copyright).Do people thinks this is a pause in the uptrend (we have had a good run up) or is it the start of back down again ?

[phillis] 23/11/2016 07:46

That will do nicely
People underestimate the change in the business model

Edit

Finally a good bank in which to invest

[davr0s] 22/11/2016 15:57

Sorry just seen it!

[davr0s] 22/11/2016 15:57

Do we have a results day?

[dandanactionman] 22/11/2016 15:53

All the following is IMHO dyorGood couple of days leading up to the results.

[davebowler] 04/10/2016 12:16

RNS;
The Paragon Group of Companies PLC is pleased to announce the purchase of 100% of the issued share capital in Premier Asset Finance Limited ("Premier"). The business will be acquired by Paragon Bank PLC's asset finance division, Paragon Bank Asset Finance Limited. Regulatory approval has been received for the transaction.

Premier is one of the UK's leading asset finance brokerages, sourcing in excess of GBP100 million of lending per annum to a range of SME customers. The business, which is headquartered in Edinburgh, has a national presence, and was voted as Broker of the Year in Leasing World's 2015 awards.

The initial consideration for the purchase is GBP8.5 million, payable in cash. A further GBP12 million is payable over the following five years, subject to performance conditions. The consideration is being paid from Paragon's existing cash resources.

Commenting on the acquisition, Nigel Terrington, Chief Executive of Paragon said:

"I am delighted to welcome the Premier team to the Group's banking division. It complements our acquisition of the Five Arrows Leasing Group last year. This latest acquisition reflects our ongoing commitment to delivering a more material presence in the UK asset finance market in line with the Group's diversification strategy."

Paragon's results for the year to 30 September 2016 will be announced on Wednesday 23 November 2016.