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Paragon Group Share Discussion Threads
Showing 3126 to 3150 of 3150 messages
|But this time at least he is right!|
|Posting an unsubstantiated assertion and then adding "end of" does not, in fact, end anything (except, perhaps, any claim you may make to being a credible poster).|
|Most institutions prefer buybacks to divis
That is why there are so many companies doing same
|shaker44 - yes, so long as they then cancel them rather than filling exec pockets with them (via nil paid options or creative "incentive" schemes.)|
|Nope. If a company feels the best use of their cash is to buy in shares, they are usually right in my experience. They are very well placed to assess when their share price undervalued the company. Of course not in every case, but analysts like to see buybacks for good reason. Shrink the equity and increase returns in equity. Makes perfect sense.|
|The market determines the share price not a buy back. If buy backs put a floor under the share price, then put every penny you can get your hands on and put it into any company that does buy backs. You will in one single move be on a one way trip to richness. Sadly it doesn't work like that.
SSE is currently doing a £0.5B buy back which started when the share price was ~£15, we are now below £14 and it looks like the only way is down.
Buy backs lack imagination. Companies should be putting every spare penny to work, either plough it into the business to give a ROI or buy some other company to help push the profits up. Failing that give it to the shareholders who'll find a better use for it elsewhere.|
|I don't agree. It puts a floor under the share price and all buys help it move up. Far sooner see that than companies making acquisitions unwisely.
Many investment trusts buy back at a discount to reduce that discount.|
|In general I hate companies that buy back shares. This (as stated in previous posts) is all for the benefit of the board, who do not get bonuses based on the share price performance. It does effect the EPS which can be their rule of measure how well the company is doing, linked to bonus. Give the money back to the shareholders who can do something tangible with the money. (In my experience) enhancing EPS by buying back shares rarely does anything for shareholders who are in it for capital gains.|
|Look a the sp!|
|The generosity of the nil paids dished out to directors here leaves a bad taste, but at least there have been shareholder gains under their stewardship.|
|Spot on EC - PAG has long been run for the benefit of the directors - with some "collateral benefit" spreading out to shareholders.
That said they have delivered pretty good results - so either you accept the policy of "Board first" - or else you sell.|
|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".|
|These guys have been steadily buying back their own shares and keeping them in treasury.
Any opinions on this policy?
|PAG Paragon... should benefit from % rates rise in USA tonight. Looking strong at the moment. Breakout from downward technical channel.|
|motoring on nicely|
|One of the tips of the week in the IC.|
|That's £100M since December 2015 then... bought as low as 228p (6th july '16)
Still think Execs get too many nil-paids.|
|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.|
|Did I read that they extended the buy-back program by ANOTHER £25m?|
|strong rise continuing|
|Execs filling their boots with nil-paids and selling them instills confidence!!|
|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|
|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.|