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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
|
|
|---|---|---|---|---|
| 27.50 | 1.79% | 1,560.00 | 16:35:18 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1,529.50 | 1,529.50 | 1,565.50 | 1,560.00 | 1,532.50 |
| Industry Sector |
|---|
| HOUSEHOLD GOODS & HOME CONSTRUCTION |
| Top Posts |
|---|
Posted at 09/7/2024 21:21 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 17:13 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 12/3/2024 10:35 by ymaheru Stevenssupertrader, plenty of immigrants can afford to buy.I have tenants now, both immigrant doctors, that are looking (but don’t seem to be in a hurry). They see new build as less stress. However, bigger investors also buy new build and they can pick and choose when to invest, similar to me I suppose. New build is quick and renting them is eeeasy, so far less hassle for busy people. I’m also not buying unless rates ease. Happy to save my pennies and buy when I don’t lose my first year profit in fees. |
Posted at 12/3/2024 09:36 by ymaheru The reason to buy soon is that you’ll get 4.5% divs and not too much downside.I agree with most comments here. Interest rates matter, though really mortgage finance. Mortgage rates and fees for investors need some easing, but even a small drop (0.5%) and fees closer to £1000-2000 will help a fair bit. Medium term, with immigration etc, demand is strong enough. Longer term, it’s even stronger. As soon as outlook starts to improve, share price rises, so you want to get in before mortgage affordability improves. |
Posted at 12/3/2024 09:35 by pander45 Because I am an investor with a long term outlook, not a short term trader. |
Posted at 25/2/2024 13:43 by sikhthetech If introduced, 99% mortgages would put more homebuyers into negative equity.It's a headline grabbing plan but ill thought as the consequences can be disasterous for those taking out these mortgages. It makes the huge debt crisis even worse. "What 99% mortgages could mean for first-time buyers... and the housing market Government reportedly considering 1% deposit scheme for aspiring buyers It could help those struggling to save - and perhaps boost housing market Repayments on small-deposit mortgages are high - and negative equity a risk" "However, critics argue that 99 per cent mortgages would be irresponsible and put borrowers at risk of negative equity in the future, if house prices fall. UK house prices fell by 1.4 per cent last year, according to the Office of National Statistics. Negative equity is when a home becomes worth less than the remaining value of the mortgage. If that happens, the owner may be left unable to remortgage, and in some cases be forced to sell their home to pay the bank. Peter Stimson, head of product at MPowered Mortgages says: 'The Chancellor's move to introduce 99 per cent mortgage loans is an irresponsible attempt to grab headlines rather than create solutions and is indicative of a government that has run out of ideas. 'A 99 per cent mortgage is, in essence, a 100 per cent mortgage – the 1 per cent deposit hardly contributes to preventing losses. 'This approach puts borrowers at significant risk of falling into negative equity and encourages poor financial decision-making. 'As such, this appears to be a particularly surprising decision from a government promoting a nation of investors and savers. 'At a time when climbing the housing ladder is already a struggle, should we really be saddling first-time buyers with even more debt?'" |
Posted at 10/1/2024 22:01 by t-trader Sikh,How was my post an attack on you and trashing the thread. One post and it was fact. Here it is for all to see t-trader9 Jan '24 - 15:50 - 20947 of 20969 Edit 0 8 1 The more Sikh pumps this share, the lower it goes! The more he deramps on the house building threads the higher they go. Luckily I’m invested in house builders and not here. But its worth noting the trend that has developed, do the opposite of what Sikh does and you can’t go far wrong :) ——— Nothing malicious in that post other than facts which you obviously can’t handle and aim of post was to make others aware that your not to be listened too (which i think most know already). You even go around pumping TLY on other threads your so desperate for investors. Nothing more to add other than you can’t handle the truth. End of convo |
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. |
Posted at 23/10/2023 14:23 by fozzyb A correction but not a crash is likely healthy but won't be distributed evenly across type of dwellings or regions. The fact that older generations have created wealth in property will trickle through as most people hand directly to their descendants. There is also overseas investors. Whilst the pound sits around 1.2 to the dollar, there is still value to international investors. |
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