Persimmon Share Discussion Threads

[the_equaliser] 16/8/2016 13:34

13:30 USD Housing Starts (Jul) 1.211M 1.180M 1.186M
13:30 USD Housing Starts (MoM) (Jul) 2.1% -0.8% 5.1%
13:30 USD Real Earnings (MoM) (Jul) 0.6% -0.1%
13:30 CAD Manufacturing Sales (MoM) (Jun) 0.8% 0.7% -1.0%

I am seeing houses built like no tomorrow in Wolves
There Site is opp where i work

[discodave4] 12/8/2016 08:16

Not aware Miton were holding any PSN.Can you post up a link please.Think you may be on the wrong board!DD

[ali47fish] 12/8/2016 07:38

miton selling - should i follow

[discodave4] 09/8/2016 20:41

50SMA proving to be strong resistance. PSN may break it and be the first house builder to do so since the Brexit crash (TW. are a close second at the moment!).DD

[darias] 29/7/2016 09:19

In on Thursday. Seems to have been a shrewd move.

[joe say] 28/7/2016 07:23

From tory to communist - given your inability to accept the democratic decision

Off to the gulag with you

[arja] 27/7/2016 22:36

if so the so called humna beings , Cameron and Theresa may . will enjoy kicking them out . These Tory politicians are mean spirited amd lack any empathy or compassion - ashamed to say I was a Tory all my life until 6 years ago !

[sogoesit] 27/7/2016 18:16

Maybe Taylor Wimpey, coming in with good figures and confirming dividend helped?
This one went back to my initial purchase price and I held on but I sold out of BKG pre-Brexit.
Be interesting to see if there's an EU inwards surge of migration pre-2019 (assumed Brexit).
I still hold TW.

[discodave4] 15/7/2016 13:53

Seems to be bucking the trend today, all other housebuilders are down.......not that I'm complaining!.DD

[followtheleader] 14/7/2016 16:45

It will correct itself when Teresa May and David Davies start to clarify how long it will take for Brexit to happen. I'd be looking at current indications of between 2 and 5 to 6 years. In that intervening time frame people still have to buy and live in houses and the commitment to special dividends should induce a healthy appetite. To me they all look attractive

Talking of which I am more a passive poster but it may be worth drawing your attention to a little tiddler I hold called Westminster Group. It looks to have lost an overhang seller and is beginning to turning a corner and with an update on a large contract expected by the end of this month. Thats the one you might wish to concentrate on. Not all clouds have silver linings but this tiddler may just be starting a sustained upward trajectory.

As they say dyor and only you make the choice or not.

[penycae] 12/7/2016 09:04

Morning all.
Construction and airlines were the Brexit plays. Plain and simple. Next time you visit an open air market, just watch the ladies. They buy when stuff is cheap. No analysys, soul searching or rhetoric - it's just what they do. This market is just the same. The longer you've been in it, the easier it gets.

Trade well and prosper..........

[anley] 11/7/2016 15:48

Its the professional hedgers who are dealing today - not me as I have held these shares for years.....

[playthebull] 11/7/2016 15:45

anley - wish I could profit take at that price!

[anley] 11/7/2016 14:50

Profit taking in progress today around 1510 to 1520p............

[homerdude] 10/7/2016 23:13

I mean molato

[homerdude] 10/7/2016 23:13

No worries Moltavo

[molatovkid] 07/7/2016 22:44

Homer, the market is what it is mate.

The fact is that NOW mortgage finance is cheap, lenders need to lend, Help to Buy is available and is making all the difference - creating stability not taking it away.

As it is still in place until 2020 it will stimulate the economy and house builders....that said I would concede that it is an artificial stimulus, however from the point of view of buying house builders now, I don't see much changing anytime soon.

Check out the dividend yields at these levels. Very nice.

Property funds invest mainly in Commercial property - if there is a run on the fund they have to sell buildings and that is why they restrict access. So to mix commercial with residential isn't correct.

Guess we will see how it goes....looking pretty stable to me!!!

[isaready] 07/7/2016 16:16

In a nutshell, the price will say it all. The recent falls are not overdone. Remember this, share prices work 12/18 months ahead of the real world. Share Price peaked middle of 2006 and started falling. Share price started falling from that moment up until 2009.

In the real word, house prices continued to rise till 2007, at least another 6/9 months or so until credit started drying up and prices reached high multiples.

The same will happen here, Price has peaked and the share price will no doubt fall. In the meantime, prices may well rise for a bit longer, this is normal, say end 2016 if you are lucky. But once the peaks settle in, prices will start to fall.

Rates cannot be cut anymore and its not feasible to say the housing market is SOUND or OK when you rely on government intervention for funding and the odd rate cut to support it. It's unstable. Simple as that.

I won't need to prove anything, the market is telling you already, 9 months ahead. 50% less funding for commercial. Those who sold in London, some making 500K in 4 years on a property for 300K 4 years ago, have sold and gone.

[isaready] 07/7/2016 16:10

Penycae, this may be the case their, but go to any other location and you will see prices up, 25% above the 2007 peak.

[careful] 07/7/2016 12:02

agree penycae.
lucky to have bought PSN/BDEV/TW. yesterday.
a rare bit of good timing, not on good form of late.

the market movements seem excessive in both directions.
it has been just 2 weeks ago that the vote result was known.
things will calm down over the next few months.

[penycae] 07/7/2016 11:53

Don't know where you lot live, but there's not been a housing boom anywhere near Penycae Towers since the last credit crunch. House prices hardly moved up at all.
Looks to me as if the property sector is just subject of a bear raid, along with the airlines.
No real thought or analysys gone into it. Just a few of the boys thinking that we're out of Europe so lets use project fear to make a few bob on the short side - and fair play, they've done just that.
I'm buying into the sectors being hit hardest at the moment, and I'll continue to do so.
Not intending to start any arguments here, but a lot of the posts seem unnecessarily vindictive. Buy or sell, your choice.

[bookbroker] 07/7/2016 10:48

The saving grace, if you can ascribe to that, is that this is already one of the most diversified house builders listed, they are building houses comparatively at the lower end of the price scale compared to some of the others, and not centralised around one particular area in the country, particularly in the South-East which will really feel the slowdown if it emerges, they have committed to a real strong return to shareholders, however things can easily change should a real chill be felt through the sector. Still it is a very strong co. with large excess capital on its balance sheet, and has a land-bank that does not require replenishing on a year on year basis, having been built up over the last five years, and can easily limit the the capital outflows and still pay a generous dividend.

[william_quinn] 07/7/2016 08:56

Mmmmm, no activity on this board then a flurry of predictable shorters, the same mob that brought down N.R.