paragon’s shares have performed strongly since our September 2015 initiation, supported by recent newsflow from CES 2016, Chinese smog concerns and electromobility. These all demonstrate that paragon is focused on current trends with further embedded growth potential, as highlighted by its December guidance for FY16 following recent strong Q3 figures across all divisions. The combination of substantial contract wins for the group’s Voltabox division and the ramp-up of the new US and Chinese production facilities provides further growth catalysts, while the group is becoming increasingly decoupled from pure automotive volumes.

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