image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Latest issue now available

SIGN UP NOW
Updates

Paragon - Introduce stop-loss of 297p

July 2016

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • PAG
  • Price:
  • 307p
Sentiment continues to run against buy-to-let (BTL) lender Paragon due to increased stamp duty on second homes, a regulatory tightening in lending criteria and a controversial tax aimed at private landlords. Nevertheless Paragon still released creditable half year results with pretax profit up 12.5% to £72.2m in line with forecasts and boosted by a first time contribution from Paragon Bank Asset Finance (formerly Five Arrows Leasing). H1 BTL completions rose almost 85% YoY to £824m but looking into H2 its new mortgage business pipeline was down 50% to £351m as Paragon tightened its criteria by increasing interest rate affordability stress test from 5% to 5.35%.Paragon Mortgages reported underlying profit of £ ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

Paragon - Mortgage pipeline up 43% (March 2016)
Paragon - Buy-to-let lender forecast to increase eps 74% over next three years (December 2015)
Paragon - Buy-to-let lender forecast to increase eps from 31.1p to 51.6p between ‘14-’17 (August 2015)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

LIMTED TIME OFFER

SUBSCRIBE TODAY AND SAVE £30 USING OFFER CODE 30OFFTMI

To access our archive of articles and receive current issues you need to subscribe

SUBSCRIBE NOW