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

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.

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.

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%.

.

Final Results

Highlights

Financial Performance

· Profit before tax of £95.5 million (2011: £80.8 million)
· Underlying profit increased by 16.2% to £94.2 million (2011: £81.1 million)
· Strong cash position and cash flow
· Step change in dividend policy with final dividend at 4.50p per share (2011: 2.65p per share). New policy of targeting 3.0 - 3.5 times cover over the medium term
· Shareholders' funds £803.5 million (2011: £742.0 million)
· Net asset value 269p per share (2011: 250p per share)

Strategic development

· Three consumer loan portfolio investments, total £115.4 million, completed during the year
· Buy-to-let origination franchise well established, £184.3 million advanced (2011: £127.0 million)
· Two securitisations of buy-to-let loans completed
· Warehouse funding capacity increased by 125%

Berenberg Bank raises target price to 280p from 230p; rating buy ...... whoever they are!

Share price reaction to finals abit of an upset. Not sure why though, I'll have to take a good look at the results.

Peel Hunt Buy 241.90 250.00 288.00 - Retains

Canaccord Genuity Buy 241.90 250.00 313.00 313.00 Retains

No surprise Skinny, most brokers have these at 12 times earnings or slightly lower as I do. Expected a rally today, looks like I'll have to wait for my money though. With a margin at 40% of stake I'd rather not be holding for any length of time.

Arguably its had a good run - it looks compelling, but will look even more so a bit lower!

Glad I bought March 13 future now.

PAG PARAGON

Moving up nicely.

Brokers have some bullish SP targets.....

Stock on a lowely P/E of 8.8 to 2014.

Far too cheap.

Date Company Name Broker Rec. Price Old target price New target price Notes

22 Nov Paragon Group of... Shore Capital Buy 245.15 - - Reiterates
21 Nov Paragon Group of... RBC Capital Markets Sector Performer 245.15 240.00 260.00 Downgrades
21 Nov Paragon Group of... Numis Sell 245.15 - 168.00 Reiterates
21 Nov Paragon Group of... Jefferies International Buy 245.15 260.00 290.00 Reiterates
21 Nov Paragon Group of... UBS Buy 245.15 262.00 265.00 Retains
20 Nov Paragon Group of... Peel Hunt Buy 245.15 288.00 - Retains
20 Nov Paragon Group of... Canaccord Genuity Buy 245.15 313.00 313.00 Retains
16 Nov Paragon Group of... Berenberg Buy 245.15 230.00 280.00 Retains
14

GF my sentiments also, on a PE of 12 the sp would be some 287p but currently the market doesn't agree. Paragon have got everything in place to restart buy-to-let but its slow going at the moment. I think low interest rates that can only go one way is putting people off even if sky-high rental prices and good margins are achievable at the moment.