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Paragon: The Crisis Will Be Over In No Time At All

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Buy-to-let lender predicts crisis will be shortlived

Graeme "Graham" Wearden

Tuesday September 18, 2007

Guardian Unlimited

Paragon, the UK mortgage firm that lends to buy-to-let landlords, predicted this morning that the crisis in the credit market will ease before the end of the year.
The company reassured investors that it would still hit its profits targets for this financial year, despite the impact of the disruption in the global markets. It said it had enough funding to see it through to 2008.


Last Trade: 302.50 p

Trade Time: 11:38AM

Change: 16.75 (5.86%)

Prev Close: 285.75

Open: 300.00

Bid: 302.50

Ask: 303.75

1y Target Est: 601.25p

The stockmarket is re-assured sending shares in Paragaon soaring as happy investors piled into shares.

Edited by Realistbear

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