Persimmon Share Discussion Threads

[the_equaliser] 26/6/2017 09:40

July 5th trading udate,
If aything like other builders,
I expect good/strong trading

imo / dyor

[festario] 19/6/2017 12:08

The Equaliser, returning £9.24 per share.... over what period? To save me looking at the yield forecasts.I know little about PERS, other than I bought a new house off them.

[the_equaliser] 19/6/2017 11:02

JUst a reminder

Persimmon said its operational performance continues to be excellent, the group delivering higher volumes of new homes in local communities across all its regional markets, supported by the resilience of the UK economy.

"The Board remains confident of the future prospects of the Group," it said in a statement.

Total forward sales revenue, including legal completions taken to date in 2017, was currently £2.56bn, about 11% higher than last year.

"As expected, despite the particularly strong comparatives from the first quarter of last year, our weekly private sales rate per site since reporting our 2016 Final Results on 27 February 2017 is 12% ahead of last year, resulting in a sales rate which is now 4% ahead for the year to date."

Persimmon said it had 8928 new homes sold forward into the private ownership market with an average selling price of about £229,500, up 4.1% on the year.

"Despite the continued difficulties encountered with planning delays, we have opened 67 of the 90 new sites planned for the first half of the year," it said.

These new sales outlets opened across the UK continue to support the company's margin progression, due to the associated lower land cost recoveries, which has been aided further by some modest price improvement through the Spring period so far.

"The Group is currently developing 382 active sales outlets across the UK and is building new homes on all sites that have an implementable detailed planning consent," it said.

"During the period we continued to identify good opportunities to acquire new land to support the future growth of the business. "

The successful trading performance of Persimmon had enabled directors to lift the value of the original Capital Return Plan by 49%, or about £937m. The total value of the plan was now about £2.85bn, or £9.25 a share.

[acamas] 15/6/2017 18:50

simso,

The overshoot today is down to the market imo. So I see it as Special Divi 110p remainder of todays fall is the daily mark down much of my portfolio today is red. shares such as BDEV, BKG, BWY CRST and GFRD all building heavyweights being heavily red.

Again right or wrong I saw PSN as a buying opportunity today and doubled my holding. Lets hope I have called it correctly

[simso] 15/6/2017 18:12

Acamas, of course we would all agree that on ex-div date, you would expect the price to go down by that amount. The point I am making, endorsing what owenga says above, is that the price often overshoots and falls more than the dividend value. It seems illogical, yet does often seem to happen

[acamas] 15/6/2017 16:51

simso,

I have always looked upon special divis as giving away part of the company because the BOD can find little better to do with the cash at this time. So if you take money out of the business then over all business is worth less and the share price adjusts accordingly. I need convincing size of the business has much to do with it. Special Divis short term means one thing company shrinkage. Not everybody will agree with me but that is my take on it

[simso] 15/6/2017 16:38

owenga, I have been caught by this phenomenon of the share price falling disproportionately on ex div day several times recently...but its usually on smaller caps. It is completely illogical, but really does seem to happen too often for it to a coincidence. I remember reading something about it in the Naked Trader's book..speculating that perhaps a few stop losses are inadvertently triggered, or a few momentum traders sell because the price is lower, without even stopping to consider the ex div effect. I could just about believe the phenomenon for a small cap, but it is hard to believe for a larger business like PSN. I suspect the fall is half down to ex div and half general sell off.

[davius] 15/6/2017 11:37

110p special dividend today, and more to come, they remain cash heavy. Persimmon by far and away my best investment this year.

[owenga] 15/6/2017 11:37

The dividend is 110p isn't it. share price dropped significantly more than that.

Always happens. Should probably sell day before it goes ex div and then buy back next day.

[the_equaliser] 15/6/2017 11:02

I know old, didnt know if posted
31 May Deutsche Bank 2,340.00 Hold

[pollysmate] 15/6/2017 09:33

Went ex dividend

[pollysmate] 15/6/2017 09:33

Went ex dividend

[fitnessman] 15/6/2017 09:27

Well that open is much lower than yesterdays close! Anyone know why the big jump?

[ali47fish] 15/6/2017 09:25

why haiit fallen by 5pc

[sogoesit] 15/5/2017 10:39

@andy
Look at Taylor Wimpey or Telford; the latter a smaller cap for more growth not exposed to inner London.
PSN is a long term hold for income for me. I hold TW also for income..

[the_equaliser] 13/5/2017 11:48

I was holder bailed out to early :(
MIssed RDW strong contender i would say

[andyadvfn1] 13/5/2017 11:26

The star performer of my portfolio, however wondering if it's time to get out. Had a good run post brexit. Are there others in the sector with better prospects. Any opinions out there?

[andyadvfn1] 11/4/2017 09:20

Pretty much nailed it with that summary

[the_equaliser] 11/4/2017 09:14

Buys slightly greater then sells yet share price = +1.4% and growing

Some good news in the pipe line relating to

trading update apr 27
or
Insti in backgorund buying
or
Something else

[the_equaliser] 11/4/2017 08:41

This Was the Chairs comments

Chair Nicholas Wrigley said the company continued to perform strongly in 2016, meeting market demand with increased output and delivering disciplined high quality growth.

"The group has now completed the first five years of its long term strategy which remains focused on growing Persimmon into a stronger, larger business while maintaining capital discipline and robust free cash generation," he said.

"The strength of the group's operating model is demonstrated by our ability to grow completion volumes by more than 60% and investing about �2.6bn of cash in land through this period while simultaneously returning over �1.0bn of excess capital to shareholders."

Wrigley added that customer activity in the early weeks of the 2017 spring season was encouraging.

[the_equaliser] 11/4/2017 07:34

THese guys really do like PSN on basis amount times they have said its a buy

hxxp://www.fool.co.uk/investing/2017/04/10/two-ftse-100-stocks-id-buy-with-1000-today/

[the_equaliser] 10/4/2017 09:03

Brokers note
6 Apr JP Morgan... 2,400.00