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kensington (KGN)     

brianrog - 11 Jan 2004 23:24

Discount to Paragon and Cattles, they must be joking.
Better Company,better financals,better dividends (also fastest divi payer on the stockmarket) and better growth forecasts. results in 2 weeks,just watch.

beaufort1 - 27 Jan 2004 15:06 - 2 of 4

Dead right Brianrog - well played! I am up 18% in 3 weeks. :-)

davepyle1 - 28 Jan 2004 00:33 - 3 of 4

paragon were on watchdog tonight.....wouldn't like to get in the red with them.....suprised they weren't on crimewatch instead.....didn't know wether to laugh or cry at their punters predicament!...anyway here's something about KGN

LONDON (AFX) - Shares in specialist mortgage lender Kensington Group PLC were
trading sharply higher after the group reported forecast-busting full-year
results, dealers said.

The group, which specialises in lending to borrowers with poor credit
histories, said pretax profit before goodwill was up 23 pct at 37.1 mln stg in
the year to Nov 30. The analyst consensus forecast was for 36.2 mln stg.

Citigroup analyst Carolyn Dorrett reiterated her 'buy' advice on the stock and
raised her 2004 earnings per share forecast by 2 pct to 67.6 pence and increased
the price target by 14.5 pct to 440 pence.

'Despite the fact that EPS is forecast to rise 40 pct in 2004 and 17 pct in
2005, Kensington is only trading on an estimated full year 2004 P/E of 5.7 times
times and an estimated full-year 2005 P/E of 4.9 times,' she said in a note to
clients.

'We believe that Kensington's rating fails to reflect the group's strong
earnings growth,' she added.

Earlier, the group's chief executive John Maltby told AFX News that he is
comfortable with analysts' consensus forecast for 2004 earnings before goodwill
of around 65 pence per share.

At 10.19 am, shares in Kensington were up 16-1/2 pence at 401-1/2 pence.

anna.boekstegen@afxnews.com

acb/ak

skreen - 11 Jan 2005 10:18 - 4 of 4

The charts are excellent at the moment keep buying
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