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Paragon Entertainment – you were warned; “Intention to appoint Administrators”

By Steve Moore | Friday 21 June 2019


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


I previously noted on Paragon Entertainment (PEL) writing on this company in March, I concluded will the new proceeds really prove sufficient “for general working capital and to increase the company's headroom against its on-demand facility with HSBC”? I’m sceptical. Certainly, still a bargepole stock. I continue to avoid. There’s now been an intra-day update (uh oh!)… “Intention to appoint Administrators” (even worse!)…

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