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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Persimmon Plc | PSN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1,239.00 | 12:52:18 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1,243.50 | 1,231.50 | 1,264.50 | 1,239.00 |
| Industry Sector |
|---|
| HOUSEHOLD GOODS & HOME CONSTRUCTION |
| Top Posts |
|---|
Posted at 19/11/2024 17:16 by davius eyeQ: this housebuilder stock is cheapExperts at eyeQ have used AI and their own smart machine to analyse macro conditions and generate actionable trading signals. Now it’s spotted an appealing valuation in a popular sector. 19th November 2024 11:19 by Huw Roberts from eyeQ Persimmon Macro Relevance: 66% Model Value: 1,482.48p Fair Value Gap: -17.7% discount to model value Yesterday’s weekly Top 10 post highlighted Taylor Wimpey, which screens as cheap to the broad macro environment. But with eyeQ model value moving lower, our smart machine has yet to fire a bullish signal despite appealing valuations. Persimmon also screens as cheap – it sits nearly 18% below eyeQ model value. And, with PSN, model value has stopped falling and has now bounced in recent days. Model value has risen from a local low of 1,440p at the end of last week to 1,482p today. eyeQ’s sister company Qi is used by professional fund managers and, for them, that three-day bounce in macro conditions is sufficient for them to consider taking action and buying the dip. Time-poor retail investors who monitor markets less closely, may want to wait a little longer to see if this improvement in the macro environment continues. But the basic point holds. After nearly two months when macro conditions were deteriorating, things may be changing. Perhaps the wait for the Budget is finally over. Maybe, even with money markets discounting less rate cuts from the Bank of England, the uncertainty around the UK’s fiscal outlook has cleared and the homebuilders’ sector can move on to focus on new stories, including possibly a green light for more building projects. |
Posted at 31/10/2024 16:34 by johnkidd1 Knee jurk reaction by investors. Stamp duty for first time buyers still 0%.No stamp duty on first property under £300000.Extra cost for landlords and second homes. This should help release some more properties for buyers. It's interest rates that will drive demand. Still shortage of housing and gov encouraging more building. All positive for builders. |
Posted at 31/10/2024 12:33 by sikhthetech JAF,My post from yesterday was when share price was rising, lol As gullible investors didn't understand the consequences of the budget. The budget is great for the NHS (and TLY) but not for housing market and HBs. |
Posted at 30/10/2024 14:15 by sikhthetech Budget.CGT up. Not good for investors. Significant rise in Stamp duty on 2nd homes from 2% to 5%. No replacement for "help to buy". No significant help for FTBs. Budget not good for b2l/2nd property owners. |
Posted at 06/10/2024 20:27 by ymaheru It’s exactly what’s happening. As UK investors move out of older properties, US firms are buying 100+ houses at a time from builders. This link shows that (if it works on this message board), as do countless other articles:hxxps://inews.co.uk/ |
Posted at 06/10/2024 13:44 by sikhthetech As expected,A massive 32% of homes listed on Zoopla are chain free, suggesting landlords dumping their 2nd homes, increasing supply. 20% of homes currently listed were also listed within the last 2 years, so sellers trying again to ditch homes. 20% of homes listed have been for more than 6months, shows houses are not being snapped up as quickly as some suggest. Lower offers suggesting lower single digit price growth. Housing market remains uncertain. Affordability still a problem. There's a lot of 2nd homes coming onto the market, so why buy new build? Time To Sell Up? Housing market stronger now than last year "Landlords considering quitting the sector will be buoyed by Zoopla’s statement today that current mortgage rates – the lowest for 15 months – are supporting a rebound in sales activity across the UK. " "The number of homes for sale continues to grow as greater confidence amongst sellers sees more homes listed for sale – this includes homeowners looking to move as mortgage rates fall but also investors and second home owners selling in response to recent and possible tax changes. A third (32%) of homes for sale on the site are currently ‘chain free’ as investors and second home owners look to sell homes amidst recent tax changes and speculation around further tax changes in the upcoming October Budget. The most common ‘chain free’ homes are 2 bed houses with 41% currently listed as chain free on Zoopla. Previously rented homes account for 13% of homes for sale on Zoopla. " "Affordability continues to be a constraint on house price growth, especially in southern England." "The portal says greater choice for home buyers is expected to keep house price growth in check in the months ahead. Most new listings are home-owners looking to sell and buy another home. However, not all homes are ‘brand’ new to the market. A fifth of homes currently for sale were previously on the market at some stage in the last two years. " "While market conditions are improving, setting the right price is important to attract buyers. The same applies to the fifth of homes for sale that have been on the market for more than six months, still unsold." |
Posted at 09/7/2024 20:21 by sikhthetech I never said if investors wish to invest long term then they are wrong. Everyone has their own investment strategy.If I see shorting opportunity before going trading or buying then I'll short before the trading/buying. Other times I may believe the price is high and would buy in if it was lower but I wouldn't short. Every share is different. Others may prefer to buy and keep for the long term. That's their choice. It's their money. I see an opportunity to make money going short/trading/buying then I will. As long as I can get more (vast majority) right than wrong, I'm happy. Feel free to say where me going short/trading has been wrong on HBs. It's well documented in that list of posts I provided. Feel free to ignore my comments as well. If you feel PSN is a screaming buy then load up. It's your choice and your money. |
Posted at 08/7/2024 16:13 by sikhthetech To back up my point about oversupply, future subdued house prices...compulsory purchase of land, social housing.....More homes could STOP house price growth The balance between supply and demand is another important factor in the health of the housing market. If Labour really does build 1.5million homes in the next five years, that could result in an extra 65,000 homes coming on to the market each year than in 2023 when 235,000 homes were built, according to Government data. More houses being available could also keep prices lower. Just over a month ago, Zoopla reported the number of homes on the market has reached the highest level in eight years. It said the choice available to home buyers was helping to keep house prices in check, and that they had fallen by 0.1 per cent in the 12 months to April. Too little supply means real house prices are five times higher today than they were 50 years ago, according to analysis by Capital Economics - whereas in the rest of Europe they are less than three times higher. Andrew Wishart, a senior economist at Capital Economics argues that if Labour succeeds with its housebuilding targets, this could keep a lid on house prices. 'In the long run, we think a Labour Government will mean that house prices rise less quickly than we have become accustomed to,' said Wishart. 'Over the past 50 years, UK house prices have risen much more quickly than those in the rest of Europe because of insufficient supply. 'Labour is more likely to be able to meet the 300,000 new home target than the current government because it won't face as much opposition to making planning rules more favourable to development from its own MPs. 'Partly that is because it has a large majority, and partly that is because its voters are less likely to be homeowners than the Conservatives'. 'Moreover, the party's plan to reform compulsory purchase laws means it could require land a little more cheaply, which would help it to deliver more social houses and raise the speed at which the private sector builds homes.' Wishart is also expecting Labour to continue to target buy-to-let landlords making property less attractive from an investing perspective, removing potential buyers from the market. He adds: 'It is likely to make buy-to-let investment less attractive, reducing the demand from investors. |
Posted at 12/3/2024 18:44 by ymaheru The update seems to reflect the market I’m looking at very accurately.It didn’t seem rubbish to me and hasn’t trashed the share price, so almost all investors appear to agree. However, the update and this director see better ahead medium and long term. Makes a good case to buy now or over the next few months. |
Posted at 04/12/2023 09:42 by beckers2008 b,I agree, historically in normal decades gone by, for short term traders, the adage was buy in Nov/Dec and Sell in April/May. The start of this decade has been anything but normal giving investors extraordinary opportunities. PSN share price holding above £12.20, investors starting to see value in HB's now, looking ahead to the end of 2024. |
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