Market's view on Paragon Group
Published on April 2024
- Stock watcher commented on the expectation for stable, mildly positive financial results by June.
- A question was raised about the lack of interest in a top stock.
- Negative financial results were reported, yet the presentation was perceived as positive, and the company is not going bankrupt yet.
- Inquiry about broker forecasts following a report of negatively presented financial figures was made.
- Positive feedback was given on a recent update from the company.
- Complaints about slow refund processes compared to other banks were voiced.
- There was a mention of a raised target price from £7 to £8.50, indicating continued support from RBS.
- After a pullback, there was an expectation for the stock price to resume rising.
- Positive reaction to financial results was noted, with the stock trading below net assets.
- Speculation about the stock needing a few days to re-rate properly was discussed.
- Dividend payouts of 26.4p and 37p were confirmed.
- A significant trading performance was reported with expectations to meet annual results despite market volatility and higher interest rates.
- Mention of reorganisations within the company and ongoing staff consultations.
- The mention of a significant yield of 6.7% and potential for a good trading opportunity if prices dropped to 400 or below.
- General fear about market downturn affecting the company, with a note on taking advantage of potential lifetime opportunities.