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

paragon doing well today are you still in there cynic and do you still think there is a good way to go?

'fraid i got this one all wrong ..... bought when i shouldn't; ditto sold, or at least with hindsight

Janet, I'm still holding and in profit, but not for long.

I am hanging on a little longer

I reckon that, as it's already nudged above the 140 mark a couple of times in the past few days, it could well keep going up. I'm in this currently and will continue to hold.

the company has just been upgraded to 1.75p per share today. This is the reason for todays rise in price. the reason been the buy to let market has improved.

I hope you mean that to be 1.75 - or 175p Janet! Otherwise we're all done for!

it is 1.75

That's a relief, as I'm not into shorting!

114p now.

paragon was a firm buy with british bulls on friday at 1.20p

Managed to blag some pag at 60.25p, should I hold or sell?, dropping from 72p now

janetbennison
Are you still in.

Starting to look cheap, I think.

tempting ! 62 AT MO

so, whats the rights price..?

LONDON (Thomson Financial) - Buy-to-let lender Paragon Group of Companies said it is raising 287 mln stg through a deeply discounted rights issue in order to plug a funding gap left by the credit crunch.

Paragon, which lends to house buyers who aim to let out their properties, said the proceeds will be used to repay a 280 mln stg loan that falls due on Feb 27.

Under the terms of the rights issue, which has been fully underwritten by investment bank UBS, shareholders will be offered the opportunity to buy new shares in the group at an effective discount of 90.2 pct to its Jan 10 closing price of 102 pence.

Paragon, which relied entirely on the wholesale markets to finance its mortgage lending, has had problems raising funding since worries over rising defaults against US sub-prime mortgages prompted banks to largely suspend lending to each other in August last year.

'The board believes the rights issue will provide Paragon with a platform from which it can pursue further funding, so the company can return to writing significant volumes of profitable business when credit markets reopen,' Paragon chairman Robert Dench said in a statement.

so does it mean new shares will be 10p....? i don't get this..

I can’t get my head round this not holding so I’m not going to bother but on the other side they are saying this is expensive and should be @ 20p-30p some punters have lost a lot of money this morning there was sells of 100k earlier not nice to wake up to.

Missed the bounce, sold for small profit after costs, not worth the heart attack!!