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TPT II Editor
25 Nov 2014
NEW ARTICLE: Fast-growing Topps Tiles ups dividend by 50% "LSE:TPT:Topps Tiles said in September it would make £17 million on sales of £195 million. It did, more-or-less, but after a cracking start to the new financial year the tile specialist is growing twice as fast as expected. It's increased market ..."[link]
ZPLA Oxtrader
25 Nov 2014
Yikes This share dropped far far lower than I had anticipated this afternoon.. I should think some non-execs will like to buy in at these new prices..
PAG oldjoe1
25 Nov 2014
PAG....... Share Buy Back. <b>Paragon Group of Cos Reveals Share Buy-Back As Profit Jumps</b>LONDON (Alliance News) - Paragon Group of Companies PLC Tuesday reported a jump in full-year ...Alliance News25 November, 2014 | 8:25AM LONDON (Alliance News) - Paragon Group of Companies PLC Tuesday reported a jump in full-year pretax profit, driven by growth in its mortgages lending and investment divisions, helping it to launch a share buy-back programme and to raise its dividend.In a statement, Paragon, which provides financing for buy-to-let mortgages as well as buying UK consumer debt, said it made a GBP122.8 million pretax profit in the year ended September 30, up from with GBP104.8 million in the prior year.Paragon raised its dividend by 25% to 9.0 pence and said its share buy-back programme will initially be up to GBP50.0 million.Paragon said its bank, which began taking retail deposits in June after receiving regulatory approval earlier this year, took GBP60.1 million in retail deposits by the end of the year. The group launched the bank in order to diversify its funding base, and wants to use it to finance an increasing proportion of buy-to-let business over time.Although the bank reported a GBP6.4 million operating loss for the year, widening from GBP1.3 million in the prior year, that was more than offset by a rise in operating profit at Paragon Mortgages to GBP81.1 million, from GBP71.6 million, as well as a rise to GBP48.1 million from GBP34.5 million in investment division Idem Capital."Paragon Mortgages and Idem Capital have witnessed significantly increased new business and are well positioned for further growth. Significant progress has also been achieved in diversifying further the group's funding sources. In particular, the formation of Paragon Bank has provided us with the opportunity to diversify further both income streams and funding and we expect it to play an important role in the group's future plans," Nigel Terrington, chief executive, said in a statement.Terrington said the dividend increase and the launch of the share buy-back programme are part of a move to improve shareholder returns as the group grows.Paragon shares were up 4.1% at 393.40 pence on Tuesday, the best-performing stock on the FTSE 250.Samuel Agini; [email protected]; @samuelagini- See more at: [link]
ORE Tired and Confused
25 Nov 2014
Re: Bought in.. Sadly there is a real issue with dilution here with what has already happened and what might happen in the future? The only way to stick with this share is to keep averaging down and keeping in touch with the share price.A very, very risky strategy but the other option is to sell and cut losses. If or when significant price changing news comes and the share price doubles or trebles (lets hope!) it really won't make much difference to those who are sitting on an average entry price of pence rather than fractions of pence.I'm sticking with it for now and gambling with my eyes open. News is encouraging but more is needed than just news otherwise ORE will become, or maybe already is? an earner for management and employees and a money pit for investors.AIMHO and DYOR
BVM may_sell
25 Nov 2014
The value of IPR Good rise today (7.5%, 30% in the last 3 months) for a smart new AIM outfit just down the road from Belgravium: Xeros Technology (XSG). The market likes to see a company building IPR - not something that Belgravium could expect to achieve...
CRL TX2
25 Nov 2014
Results Seemingly steady progress before exceptional one off profit.The shares remain cheap in spite of increase price this year but obviously are illiquid.
PAG oldjoe1
25 Nov 2014
Re: PAG Results beat consensus Broker Figure... <b>Strong performance boost Paragon FY results</b>Daniel Cancian | Sharecast | 25 Nov, 2014 08:11 - Updated: 09:31<img src="[link] mortgages and consumer finance focused Paragon Group of Companies said strong performances across the board boosted its full year profit.Profit before tax for the year ended 30 September rose from £104.8m to £122.8m, while underlying profit rose from £103.5m to £122.2m.The group’s mortgages division saw an 82.5% increase to £656.6m in buy-to-let completions as the group broadened its distribution through its Paragon Mortgages and Mortgage Trust brands."The past year has seen considerable progress in the group's strategic plans and in the performance of its businesses,” Nigel Terrington, the group chief executive said.“Paragon Mortgages and Idem Capital have witnessed significantly increased new business and are well positioned for further growth. Significant progress has also been achieved in diversifying further the group's funding sources.”The firm added that the buy-to-let market continued to grow, supporting the private rented sector (PRS), which now accounts for 18% of the housing stock in England.Paragon said that tenant demand strengthened throughout the year and recent forecasts suggested the PRS share of total housing stock would continue to grow in the future.The group has proposed a final dividend of 6p per share compared to 4.8p per share in the previous financial year.Existing businesses provided significant opportunities for growth and the potential to develop additional products.
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