Paragon Banking Share Discussion Threads

[the drewster] 11/1/2011 09:18

CR - where do you get your 240 resistence from?

The last time the shares traded at this level was prior to the emergency rights issue so the chart at that time is no longer valid?

Or do chartists ignore such matters?

[cockneyrebel] 30/12/2010 08:58

Broken out through the 2009 high in recent days here - 240p the next resistance.

Brokers been upgrading too - Jan trading statement should trigger buying ahead of that imo.

CR

[the drewster] 20/12/2010 13:59

More nil paid into the future coffers. Just look at the quantities outstanding!

[the drewster] 16/12/2010 10:39

April to October 09 run had a sideways consolidation rather than correction.

My ever cynical view of this company suggests there may actually be something of substance behind the climb to 180.

As and when we are let in on what is going on, it will be too late as ever.

[future financier] 16/12/2010 09:48

My reasons for selling - well firstly £1.80+ is a fair price for now, then looking at historic charts it tends to have quite major corrections after each run-up - and I feel one is due now.

Oh - and I need the money!

[the drewster] 15/12/2010 08:13

Good play FF ... I remain sceptical of the stock, but ever watchful for short term opportunity!

[future financier] 14/12/2010 16:07

Well I have finally removed my chips from the table - got £1.83 - maybe I will be back sometime - but compared with the floor price of around 35p and my average cost of £1.05, I am happy with the outturn.

[the drewster] 14/12/2010 11:50

A new high since rumours of the placing to save the company at 25p a few years back.

Still far from out of the woods in my book (closed my short term long two weeks back) but clearly in favour with some, and again, given their leaky history, quite possibly something could be up.

[future financier] 14/12/2010 11:42

On a roll at the moment - no idea why ...................

[the drewster] 24/11/2010 10:43

Think this year was the one to have got rid of the bad news, taken a £12m hit on exceptionals to write it all off and then try to move forward. They have the cash and profit on the books to have done it, so hard to see why they decided not to take the opportunity.

[future financier] 24/11/2010 10:16

Oooops - mistake in my previous post - PAG has produced accounts for TBMC for year end 31 December 2009 (accounting period had been extended) just yesterday - they show a trading loss of £1.7m on income of £0.5m - yet they still have £10m of intangible assets on the balance sheet of PAG relating to this mound of steaming ordure.

And that loss is before interest charges of £1m and goodwill write-offs.

[the drewster] 24/11/2010 10:00

Over 18p EPS was a minor surprise. Very cash rich too. Solid foundations, but hardly awe inspiring so I closed my long for a small profit.

[future financier] 23/11/2010 09:00

There's no volume either - so nobody is "slipping thru" a few crafty buys or sells. My guess is positive financials but negative (albeit well disguised) comments about progress towards re-entering market.

[the drewster] 23/11/2010 08:46

So tomorrow is the big day, and the market hasn't positioned itself for anything particularly good or bad.
As I remain doubtful of their ability to keep a lid on anything, it would suggest things are in line and hence only marginally better than the market expectations 12 months ago.

[the drewster] 19/11/2010 13:11

Seems to be hovvering ... you'd expect the leaks to have offered a clue to the direction before now!

[future financier] 18/11/2010 14:59

You're being cynical again TD!

[the drewster] 18/11/2010 13:21

I think all the movement will have been done and dusted by then ... as usual with this share!

[future financier] 18/11/2010 10:39

Roll on the prelims on 24th

[the drewster] 18/11/2010 08:22

Needs to breach the recent 170ish high, or better still the intra-day 188 high for blue skies.

[the drewster] 12/11/2010 10:11

Lower highs, so lower lows would signal a new down trend.

[future financier] 05/11/2010 15:49

Am i missing something - what decision this afternoon?

Still - doesn't appear that 170 is on the cards this pm now!

[the drewster] 05/11/2010 15:11

A close above 170 would make this afternoon's decision soemthing special!

[future financier] 05/11/2010 14:53

Rental yields are very high at present as prices have stabilised/fallen and rents have risen - so that part of the equation is solid. And like of supply of mortgages should increase the margin .........?