cynic
- 12 Jan 2008 15:58
- 71 of 165
it may not be possible to short, not least because someone will need to be willing to lend stock
halifax
- 12 Jan 2008 19:43
- 72 of 165
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.
halifax
- 14 Jan 2008 17:41
- 73 of 165
33% rise today is that short covering or maybe something else?
hangon
- 14 Jan 2008 18:46
- 74 of 165
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.
cynic
- 14 Jan 2008 19:49
- 75 of 165
too difficult for a numbskull like me to work out, so stayed well away
hlyeo98
- 17 Jan 2008 10:38
- 76 of 165
With the existing credit crunch, PAG is a SELL
janetbennison
- 17 Jan 2008 13:38
- 77 of 165
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.
hlyeo98
- 17 Jan 2008 13:53
- 78 of 165
You are very brave, janet. At 114p, I thought this would go down (post 30) and I don't trust britishbulls.
janetbennison
- 17 Jan 2008 16:25
- 79 of 165
just sold at .81p
halifax
- 29 Jan 2008 10:23
- 81 of 165
Yes 1 for 10 share consolidation yesterday.
hangon
- 29 Jan 2008 11:17
- 82 of 165
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.
goldfinger
- 16 Jul 2009 15:45
- 83 of 165
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.
cynic
- 16 Jul 2009 15:46
- 84 of 165
afternoon sticky ..... where have you been hiding these last weeks?
goldfinger
- 17 Jul 2009 10:16
- 85 of 165
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.
cynic
- 17 Jul 2009 10:23
- 86 of 165
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.
lelael
- 07 Sep 2009 11:50
- 87 of 165
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.
dreamcatcher
- 01 Jan 2012 22:14
- 88 of 165
PARAGON GROUP (183p)
Nearly four years ago, Paragon was on the brink of collapse. A buy-to-let mortgage provider, the company was described in one analyst's note in 2007 as "Para-gone".
Paragon did not go. Against hefty odds, the business survived and last year, after putting itself into hibernation for more than two years, it began lending again.
Such has been the company's renaissance it has even begun to pick prime mortgage portfolios off larger rivals such as Royal Bank of Scotland that only survived the maelstrom of 2008 with billions of pounds of taxpayers' money.
This instinct for survival and a good opportunity are important skills for any financial company's management in the choppy markets we are likely to see in 2012.
Paragon's top team has demonstrated these qualities in unusual quantity, making its shares a good pick for the coming 12 months.
Buy-to-let mortgages carry considerable risk but Paragon's ability to pick the choicest borrowers means it is unlikely to be the first to come unstuck if property takes a knock.
Not only this, the company has learnt from the last crisis and has locked in longer-term funding, making it more resilient to the ups and downs.
Probably not one for the faint-hearted, but it could be a top performer.
dreamcatcher
- 04 Sep 2012 17:55
- 89 of 165
hit a new high this week, reaching 197p yesterday to just pip its previous peak of 195.7p set in March. The buy-to-let mortgage lender has had a good year, rising from a low of around 140p last October, and has since experienced a somewhat bumpy ride to gain 38% to today.
Forecasts are good too, with the shares on a forward P/E of only 8.6 for the year to September, dropping to 8.1 for next year. The expected dividend is modest, at around 2.5%.
Shortie
- 14 Sep 2012 10:36
- 90 of 165
.