Is This A Buy Yet??????????? @115p

Blimey. Thank my guardian angel I'm not in this one!

I think not driver:
"Paragon Group of Companies slumped 79-1/4 pence, or 38.8 pct, to 125 as the possibility of a rights issue overshadowed a higher full-year pretax profit, prompting KBC Peel Hunt to cut its rating on the stock to 'sell' from 'speculative buy'."

HC

To risky for yer.

It's OK, dont worry.......That giant of a man, gordon brownhole has abolished boom and bust.

So the likes of dead parrot dodgy housing loans inc causing problems for punters is a figment of the imagination.

Too risky??? Jeez, there's not even a bounce to get excited about!
If you want to throw your money away, driver, throw it in my direction. :o)

Banks and Financial's..forget 'em for a while if you ask me, unless your into shorting of course.

Very much so Stan, missed this one though!!

Still think it's a 'buy' driver?
Very tricky to pick the bottom of this one, imo. (Excuse the expression).

Still on the way down 36%

You could view it as 280m issue (no condidence) against a market cap of half that. If issues taken fully sp dilutes by a factor of 3. However should market conditions (or interest rates fall as some predict in the new year) issues won't be required leaving the share very undervalued!! Very hard one to call at the mo so for me its a watch and see. Could jump on with the band wagon, plenty of upside should conditions prevail..

Looks like another NRK.

A small bounce today up 12%

There is a chance Paragon will totally collapse.

"If the government had a bad week last week, the banking and property world is suffering more. Northern Rock's shares fell to an all-time low, new mortgages dropped to a 10-year low, Paragon, a company specialising in buy-to-lets, said it might have to suspend new lending because of the credit squeeze as its shares halved, and Barclays announced more than 1bn of loan write-offs from its American lending."

http://politics.guardian.co.uk/columnist/story/0,,2216776,00.html

From the Sunday Times
http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article2935671.ece

Paragon backers pledge

FOUR top investors in buy-to-let mortgage lender Paragon have vowed to provide a cash injection to fend off the threat of it having to launch a rights issue in three months.

Paragon said last week that it was struggling to refinance loans that fall due in February. It has been been in talks with its lenders since August about replacing a working-capital loan that is due to be repaid. The company had persuaded its adviser UBS to line up a rights issue in case a new loan could not be secured on reasonable terms.

But now, Standard Life, Blackrock, M&G and Schroders which between them hold more than 23% of Paragon have told Paragons board that they are prepared to back a funding exercise to raise the full 280m that the mortgage lender requires.

certainly an interesting punt, but can't weight up quite how risky

Keep an eye on it in the morning and see what happens. If I see buyers lining up I might go for it. Otherwise: RIO is the place to be I reckon.

I went in at 1.3395 but purchase not showing yet. Hoping for a quick profit and exit today.

i have just gone long too, albeit at 141.5 ..... i'll watch carefully, but i really don't think this company will go belly up, and sp could (easily?) get close to 200 (see above) before running out of puff .... whether or not i shall choose to stay in that long remains to be seen.