oldjoe1
25 Nov 2014
Re: PAG Results beat consensus Broker Fi... 25 Nov 2014 Paragon Group of... PAG Canaccord Genuity Buy 394.05 377.90 453.00 453.00 Reiterates
oldjoe1
25 Nov 2014
Re: PAG Results beat consensus Broker Fi... 25 Nov 2014 Paragon Group of... PAG Liberum Capital Buy 392.10 377.90 - 442.00 Reiterates
oldjoe1
25 Nov 2014
Re: PAG Results beat consensus Broker Fi... 25 Nov 2014 Paragon Group of... PAG Panmure Gordon Buy 392.10 377.90 500.00 500.00 Reiterates500p SP Target.
oldjoe1
25 Nov 2014
Re: PAG Results beat consensus Broker Fi... PAGFirst of many Broker updates I reckon.......25 Nov 2014 Paragon Group of... PAG Espirito Santo Execution Noble Buy 392.10 377.90 494.00 494.00 ReiteratesSP target 494p
oldjoe1
25 Nov 2014
Re: PAG Results beat consensus Broker Fi... BRIEF – Paragon FY pretax profit up 17.2 pct25 Nov 2014 - 07:45Nov 25 (Reuters) – Paragon Group Of Companies PlcFY pretax profit rose 17.2 percent to 122.8 million STGFinal dividend 6 pence per shareTotal dividend 9 pence per shareFY basic EPS 31.9 penceStrong new lending and debt purchase pipelines, together with development of paragon bank, present significant growth prospectsSource text for Eikon: ... Further company coverage: PARA.L(Bangalore Newsroom: +91 80 6749 1136)Keywords: PARAGONGROUPOFCOMPANIES/BRIE
oldjoe1
25 Nov 2014
Re: PAG Results beat consensus Broker Fi... <b>This Broker was looking for a 16% increase and we got a 17.2% increase year on year.</b>Tuesday 25 NovemberParagon (PAG) will release its full-year results on Tuesday.Analysts' expectations: Paragon's full-year results are expected to show both Mortgages and Idem Capital posting strong growth. Stuart Duncan at Peel Hunt reckons there could be a 16% increase in profits.He anticipates "positive trends" in each aspect of the business, with expectations that "the Mortgage business [will] do £600 million of new completions, Idem [will] have completed further portfolio acquisitions, and the new bank to be making progress."With Paragon currently trading at roughly 1.1x September 2015 forecast net asset value (NAV), he believes that this "undervalues the future growth in ROE (return on equity)", which is why he retains his 'buy' recommendation.
oldjoe1
25 Nov 2014
Re: PAG Results beat consensus Broker Figure... HIGHLIGHTS Underlying profits increased by 18.1% to £122.2 million from £103.5 million in 201320142013(restated*)Change% changeProfit before tax£122.8m£104.8m+£18.0m+17.2%Basic EPS31.9p28.2p+3.7p+13.1%Dividend per share9.0p7.2p+1.8p+25%Dividend cover ratio3.5 times3.9 timesReturn on equity10.7%10.1%Cost:income ratio32.0%33.2%* note 2 Strong progress in buy-to-let and debt purchase divisions. Banking franchise established. All divisions showing strong growth prospects· Buy-to-let completions increased by 82.5% to £656.6 million (2013: £359.8 million); pipeline increased by 78.9% to £414.8 million (2013: £231.9 million)· Idem Capital increased its investments, net of debt, by 89.3% to £175.7 million (2013: £92.8 million)· Paragon Bank launched car finance, second mortgage and buy-to-let operationsSignificant progress achieved in Group's funding diversification strategy· Paragon Bank's retail deposit taking activities commenced in June 2014, with £60.1 million of deposits by the year end· Second retail bond completed, taking cumulative issuance to £185.0 million· Two bespoke financing packages, totalling £185.6 million raised to support Idem Capital· Warehouse facilities for buy-to-let lending increased to £550.0 million· Securitisation issuance totalled £929.7 million over the last 12 monthsCapital management· Strong increase of 20.2% in net cash generation to £157.8 million (2013: £131.3 million)· Group capital ratios remain strong with Core Tier 1 ratio of 19.7% and leverage ratio of 8.3%· 2014 dividend cover ratio at top of the targeted range of 3.0 to 3.5 times, two years ahead of expectations· Initial £50.0 million share buy-back programme announcedOutlook· Strong new lending and debt purchase pipelines, together with the development of Paragon Bank, present significant growth prospects· Funding diversification programme and improving debt capacity underpin sustainable growth· Shareholder returns enhanced by higher dividends and capital management programme
oldjoe1
25 Nov 2014
PAG Results beat consensus Broker Figures. PAG<b>BEATS CONSENSUS Broker Figures easily</b>......2014 2015Date Rec Pre-tax (£
EPS (p) DPS (p) Pre-tax (£ EPS (p) DPS (p)Shore Capital21-11-14 BUY 122.20 30.50 8.60 142.50 36.10 10.40Panmure Gordon21-11-14 BUY 31.20 8.50 35.70 10.00Peel Hunt LLP21-11-14 BUY 121.20 30.01 8.20 138.66 34.23 9.50Westhouse Securities20-11-14 BUYCanaccord Genuity Ltd29-10-14 BUY 117.00 29.90 9.00 141.00 35.50 10.50Numis Securities Ltd24-07-14 SELL 119.20 30.70 8.76 126.70 32.80 10.10Espirito Santo Investment Bank Inc02-04-14 BUY 114.90 28.90 8.40 120.30 30.60 9.502014 2015<b>Pre-tax (£ EPS (p) DPS (p) Pre-tax (£ EPS (p) DPS (p)Consensus 120.68 30.28 8.58 140.40 35.30 10.13</b>Fantastic results and lets not forget the consensus figures were revised upwards on the IMS.
jake_walker
21 Nov 2014
Re: up 3.8 per cent Must be a broker upgrade/tipsheet rec - cant see anything else to move it so muchJake
pearlsasinger
21 Nov 2014
up 3.8 per cent Results next weekAny other reason for sudden leap??
