Persimmon Share Discussion Threads

[effortless cool] 21/4/2016 21:39

This is getting ridiculous. Almost a 6% yield and a near certainty of another great year. I added another two lots of £20k this afternoon.

[steeplejack] 15/4/2016 09:31

While Brexit lurks in the wings,the shorters can party in the construction and housing sector,given the sharp outperformance of recent years.

[zapa] 14/4/2016 12:04

'Sell in May and go away...' only global warming has caused a few to think May has arrived.

As soon as the press start speculating you can bet your life someone gets mighty rich.

[expletive deleted] 14/4/2016 11:09

I see this morning's update as good news, and the price action today is inexplicable to me.Anyone got any thoughts on what is behind this fall?In any case, I have just added two lots of £20k.

[deadly] 14/4/2016 09:34

The market has a downer on these at present no matter what the real property market does.

Excellent TS today:

".....The number of customers visiting our development sites across the UK in the period was c.12% ahead of last year. Mortgage lenders remain keen to offer customers the opportunity to access mortgage credit on very attractive terms. Cancellation rates have continued to run at historically low levels.

We brought forward a healthy order book into 2016 and our strong sales performance over the period has resulted in total forward sales revenue, including legal completions taken so far in 2016, being 8% higher than last year at £2.15 billion (2015: £2.00 billion). Our weekly private sales rate per site over this period was 6% ahead of last year. We have 7,598 new homes sold forward into the private sale market for 2016 with an average selling price of c. £220,000, an increase of 5.8% over the prior year."

[redartbmud] 12/4/2016 15:56

PHIL

Voted against, not that my contribution will matter.

red

[deadly] 12/4/2016 15:02

Over 2 per cent drop today on no news, after several days negative. Looks overdone now and all this volatility is good for trading.

[philo124] 09/3/2016 16:44

Nice long term incentive plan.

[deadly] 02/3/2016 17:46

Goes XD for 110p tonight, so nice dip of 70p today was time for me to buy in.

[sogoesit] 23/2/2016 16:45

Yes, looking good as a solid earner for a few more years.
Even with upside given supply/demand in the sector.
Good value anytime below £20.

[effortless cool] 23/2/2016 09:15

Great results and a favourable outlook. These remain undervalued IMO.

[mike24] 03/2/2016 09:08

news item today 500,000 buy to let props
to come on market over next twelve months as owners
throw the towel in through tax changes, whats the point of buying btl's
now, to save 3% stamp duty, when you could possibly save considerably more
if supply exceeds demand in a year or two? yeh the unthinkable!
house price deflation, from being no longer affordable,
china's cash is depreciating at a blistering pace as
foreign currency reserves are run down,
which might only last a few more months
with exception of gold reserves (this is the new bubble)
I have a .68% mortgage rate = 12x£68 per 100k x yr
this distortion will right itself to quickly the longer rates
are held down
read ex GS Raoul Pal latest comments
nai

[dr_smith] 04/1/2016 12:01

>Fine, but why pick on PSN?
Presumably because it's one of the few co's being reported upon this week.
IMV:
It is a funny time of year when much portfolio shuffling is done for reasons of spread, tax, trust fund objectives etc so not building specific, but will be interesting to see PSN thurs as I believe they are the first builders with update due this week/year.
I believe sector is now steady and still increasing, with the only variable being market perception and inclination for above portfolio shuffling.

[sogoesit] 04/1/2016 11:01

Fine, but why pick on PSN?
PSN has underperformed BKG significantly recently. And we haven't had any dividend update either.
IMV it's due for a re-rate upwards but we shall know on Thursday, I guess.

[ali47fish] 03/1/2016 15:27

some brokers are now saying it's time to sell first liberium and now the sunday times results pn thursday- waht people here think?

(ShareCast News) - Now might be the right time to sell Persimmon shares, said the Sunday Times' Inside the City column, with a trading update due on Thursday. Investors in the house builder have seen the price triple in the last three years and received £800m in dividends. Persimmon was one of three residential builders to figure in the top ten FTSE 100 price risers over the year, and one of four sector-mates in the blue chip index, which is unprecedented and hints at a bubble.
Persimmon snapped up land shrewdly in previous years, which has allowed it to make hay as the market heated up. But there are increasing suggestions that the company is on the verge of tougher times, with the loan-to-income ratio in London a vertiginous 3.25, well above the 2.9 peak in pre-crisis 2007. New regulations clamping down on mortgages could soon be joined by further tightening as policymakers wince at lending risks. Building costs are meanwhile rising too. While a crash seems unlikely, as the UK remains in need of many more homes, Persimmon's p/e ratio of around 14 could seem unwieldy if market conditions turn against the sector.

[sogoesit] 04/12/2015 09:36

The "out-of-favour" not particularly in synch with some market players' reality... see Berkeley Group Half Year Report today but at least BKG has given PSN a boost this morning.

[big7ime] 10/11/2015 19:10

Builders sector currently out of favour after a few negative pieces and int rate concerns. I managed to sell half at 21 but chart to me looks good for a rebound. Int rates won't rise IMO and there's no let up In The demand
PSN is the best again IMO and if it does drop through 18 this month I think I should pick them back up what I sold. The next results are going to be incredible...

[sogoesit] 04/11/2015 12:38

Agree, but on charts looks like next support is around sub-1800.
See how it pans out or i will do BKG whose yield is now approaching my buy threshold of 6%.
(I hold both)

[effortless cool] 04/11/2015 09:23

Fall seems overdone on the back of a solid announcement. I have added 1,878 shares this morning.

[taffee] 04/11/2015 08:52

That's the spin...but is it true?...in all speculative bubbles there is massive demand chasing tight supply...they said the same in Ireland..Spain Dubai Tec...said the same about oil

Btw it's only a profit if you sell

[hillbrown] 04/11/2015 08:48

Taffee you have been posting about bubbles bursting whilst I and many others have been racking up massive gains over several years. Of course the higher they go the more likely a nasty fall but that's a way off yet purely based on the fundamentals of not enough houses being built for an every increasing population.

[taffee] 04/11/2015 08:23

All builders have posted great results...ever increasing margin and prices and completions.

The problem is some in the market think its an unsustainable sweet spot based on near zero rates and help to buy overpriced property.

To be fair there is no evidence of a slowdown in builders statements but if this is a speculative bubble then things can unravel very quickly

[hillbrown] 04/11/2015 07:24

Nothing to dislike in that. Carry on as usual. Liberium, go to the cookhouse for washing up duties and revision.

Onwards and upwards.

[cockneyrebel] 30/10/2015 13:26

Trading update Weds

CR