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

janet ..... i get the Fascist Gazette (Telegraph!) from which I quote below .....

"Investors who do not take up their rights will see their holdings diluted by 96.2% ..... Paragon is unlikley to be sold until the markets improve"

imo, buying opprtunity this is not! ..... as for your personal decision, i am afraid it is very difficult to give any advice, but i really cannot see you making good for at least 12/18/24 months and maybe not even then.

thankyou cynic.

hoping to open up a short on monday morning, if not then i'll sell it on CMC, can see this falling heavily throughout that week. Who would take up shares in a company that really couldnt be in a worse market at the moment and couldnt be in a weaker position. Paragon is desperate for money in a market where there is none available, its lenders arent going to extend deadlines and I think it will be in serious trouble for the rest of the year and beyond (if it makes it)

it may not be possible to short, not least because someone will need to be willing to lend stock

Their lenders havent pulled the plug yet. As I said in an ealier post if shareholders dont take up their rights the shares will be taken up by the underwriters who may turn out to be the repaid lenders. In other words a cheap debt for equity swop with control of the company passing to the banks.

33% rise today is that short covering or maybe something else?

I can't believe shorters could do this - the fall was very fast last week - almost too fast compared with normal activity - so I guess it was large holders getting out.

Similarly the rise today is on a distressed sp, but whilst it is spectacular for new holders at 60p, it may be a dead-cat bounce. . . .. time will tell.

I would have preferred to see such a jump from maybe 20p . . . as I'm sceptical this business is still worth nearly 1 when the (Housing Market) future is wholly unknown.

too difficult for a numbskull like me to work out, so stayed well away

With the existing credit crunch, PAG is a SELL

I sold mine yesterday at .83 and a quarter. Just bought them back at .73p I am down a lot on mine so I am trying to get somes losses back.

You are very brave, janet. At 114p, I thought this would go down (post 30) and I don't trust britishbulls.

just sold at .81p

58% up this must be consolidation day?

Yes 1 for 10 share consolidation yesterday.

Bargepoles I think for anyone not "in" - and maybe for the others too.
Whatever happens you have to remember that poor executives have got you where it is - - - and they are still in charge of the ship as the tide turns, maybe to dash you on rocks below.
This stock is yet another where the prevailing good sense of Retail Shareholders is ignored in favour of Board+Institutional holders who are "betting" with someone else's money.

Is anyone (here) a customer of PAG - and can give that perspective?

The rise might be "relief", but it's hardly good news compared with recent prices. What is surprising is that Management managed to keep the lid on their woeful state, with Banks wanting to get the business cheap to offset their other woes.

Looks a good call from investor Inteligence today adding PAG parogon group to its buy portfolio. Broke through resitance at 80p and is going strong.

Portfolio Update

We add a long position in Paragon Group, based on its upside breakout at 80p (see right). This signals that near-term upside renewal is a strong possibility.

afternoon sticky ..... where have you been hiding these last weeks?

Hi cyners. On hols over in Rhodes at the moment then fly onto holiday home in Malta. About 2 months but will hope to keep poping in. Im sure your making the doe pile up.

PAG seems to have a breakout from a flag formation......

and broken through resistance at 80p.



Could be promising. Not my cup of tea this sector though.

related to this sector, i have been playing with WOS a bit, not necessarily with success!
however, overall, am clad to say have prospered over the last 3/4 months and have even had the discipline to take funds off the table at regular intervals.

here's another PAG chart ...... it really does have such low volumes of trade that i personally wouldn't touch it.

131 now, 85p when last posted on here, over 50% gain. Possible FTSE 250 entry this time, seems to have slipped under the radar on here.