Persimmon Share Discussion Threads

[kreature] 09/5/2024 14:45

‘ Not good for the hundreds of thousands coming off low fixed rate mortgages taken out during covid.
Impacts not only mortgages but also credit cards, loans.
Huge debt held by govn.’


Yep total disaster for anyone having to remortgage, with no choice

[beckers2008] 09/5/2024 12:55

Sikhthetech,

I told you...

BoE base rate 6%?
Absolutely no chance.

When is your house price crash prediction gonna come true, you've been wrong every year for 6 years, lol, just lol!

Your not credible.

[onehanded] 09/5/2024 12:27

Only at most 2 months before interest cut or may even be 1 month. Any shorts will be bugging out in May and slowly adding.

[sikhthetech] 09/5/2024 12:21

Not surprising....Interest rates held again.

The Governor says "see more evidence" of inflation falling before a cut.

The fact the voting was 7-2 for a hold, suggests there's still some time before the BoE will reduce rates.


Not good for the hundreds of thousands coming off low fixed rate mortgages taken out during covid.

Impacts not only mortgages but also credit cards, loans.
Huge debt held by govn.

Nearly 1/2 the year gone and rates remain high.

[beckers2008] 09/5/2024 12:21

Kreature or should I say Joseph Sheedy, lol!

Onehanded just said it for me, now that is positive, lol, just lol!

[onehanded] 09/5/2024 12:08

Interest rate coming in June and if not in august. 7 to 2 to hold but now saying it is coming. 50 % chance in June and 90% in august now market expects. Time to get in £18 by end of September.

[kreature] 08/5/2024 14:30

Becky….If you have nothing at all positive to say about the overvaluation here, then maybe say nothing ?

[beckers2008] 08/5/2024 09:49

Kreature or should I say Joseph Sheedy, lol!

How's your short going from the 10th November on PSN, Lol!

You and the village idiot 'Sikhthetech' are not the same Joseph Sheedy, lol, just lol!

[kreature] 07/5/2024 22:33

Trust Pilot….. no road markings ?

‘ Well over a year and still no proper road on our street or ETA for when it will be done
When we purchased the house we were really pleased but after well over a year there is still no timings for when the street road will be done even though roads in adjacent streets have been completed. After multiple requests we are still being told there is no timing for when it will be done. To make matters worse as there are no road markings so both myself and neighbours have nearly had accidents on many occasions as vehicles don't stop at side road and just pull out and the pavements are also not complete and dangerously uneven meaning there have been a number of serious falls and injuries. We have asked multiple times for temporary markings to be put down and rectification of trip hazards but still nothing has been done. Really disappointed as are our neighbours.
Date of experience: 28 April 2024’

[kreature] 07/5/2024 22:26

and for balance……;..(Trustpilot)

‘Would give 0 stars if I could
Would give 0 stars if I could. The worst builders on the planet and its directors are the greediest. I don't know how this company is still going. They should be forced to cease building any more shoddy homes and prosecuted for the sh ite they have already cobbled together.
Date of experience: 07 May 2023 ‘

[kreature] 07/5/2024 22:25

Trustpilot positive review (possibly 100% genuine)

‘ Great staff very helpful I'm very happy
Great staff very helpful I'm very happy
Date of experience: 02 May 2024’

[sikhthetech] 07/5/2024 18:16

Cupra/Becky,

TLY up 20% following their fy TU, which shows improving performance and £106m revenues.
Mcap £12m

No wonder you're quiet on them.



The housing market/HB newsflow has been as predicted. Your hindsight opinions are laughable.

[cupra kid] 07/5/2024 17:58

Decent enough volume as well today.

[onehanded] 07/5/2024 17:46

£18 target medium term, shorters running to the hills.still have interest rate cuts to come. Looks like a good time to get in or add.

[beckers2008] 07/5/2024 17:35

Sikhthetech,

You are clueless and have absolutely no idea of how the property market works.

Now, when is your each and every year's (for the last 6 years) house price crash gonna happen?
Lol, just lol!

You are not credible.

[sikhthetech] 07/5/2024 16:32

Cupra

"Just to add that I’ve made 4 site visits today across 3 different house builders"
"All were very buoyant on the future and have seen a steady tick up"

So you visited 4 sites pre-lunch, as you've been posting this pm.

Site managers will always tell you that the future is buoyant.
After all did those site managers tell you over the past 2 years that housing market looks uncertain and building has slowed?

[cupra kid] 07/5/2024 16:21

Just to add that I've made 4 site visits today across 3 different house builders (1 Persimmon). All were very buoyant on the future and have seen a steady tick up in sales in recent months. Hopefully PSN will be back towards 2000p within a year. GLA

[sikhthetech] 07/5/2024 16:13

The problem is higher mortgage costs, especially for those thousands coming off fixed 2-5year mortgages and were paying significantly lower rates.

They will filter through slowly. The number of homeowners with severe mortgage debt has also increased, as expected.

The govn has huge debt, as do businesses and individuals.


I think we'll continue to see housing market uncertainty.



Halifax: UK house prices ‘plateauing’ due to rising mortgage rates

The annual spring bounce in UK house prices did not occur in April, according to Halifax. It blamed the Bank of England’s interest rate freeze for the inflation stagnation.

[sikhthetech] 07/5/2024 16:03

Cupra,

"The share price is still very very cheap Added"

You were saying they were cheap and adding when the share price was over 2000p 2 years ago!!! Whilst I was posting about the housing market/HB challenges. My stated PSN target price of 1300p-1500p.

The company/sector newsflow has been as expected

Those who shorted and then traded would have done better than those who simply added all the way down.


Cupra Kid22 Jun '22 - 13:03 - 2784 of 5507
Cheaper than chips at the mo. Medium/long term got to be a winner.

[cupra kid] 07/5/2024 14:06

They share price is still very very cheap in my opinion but at circa 1000p they were an absolute steal. Well done to those that took advantage with lots more to come over the next 12-36 months.

[beckers2008] 07/5/2024 11:50

Savills upgrades its UK house price growth forecast

by Property118.com News Team

Property firm Savills has revised its five-year UK house price forecast, predicting a 2.5% increase this year, up from the -3% predicted in November 2023.

The firm says that by the end of 2028, house prices are expected to have grown by 21.6%, exceeding the previous forecast of 17.9%.

Only 21% by YE 28!

But, where is the crash, lol, just lol!

[kennewil] 07/5/2024 08:16

Halifax reporting house price rises again. Pay rises feeding through?

[kreature] 02/5/2024 14:42

Not sure why the gov don’t just hyper inflate the currency, then pay off the national debt with a cabbage or something ?