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PSN Persimmon Plc

1,319.50
37.00 (2.88%)
Last Updated: 16:07:44
Delayed by 15 minutes
Persimmon Investors - PSN

Persimmon Investors - PSN

Share Name Share Symbol Market Stock Type
Persimmon Plc PSN London Ordinary Share
  Price Change Price Change % Share Price Last Trade
37.00 2.88% 1,319.50 16:07:44
Open Price Low Price High Price Close Price Previous Close
1,296.00 1,296.00 1,321.00 1,282.50
more quote information »
Industry Sector
HOUSEHOLD GOODS & HOME CONSTRUCTION

Top Investor Posts

Top Posts
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 :)
———;——̵2;——R12;——212;———————————;——̵2;——-
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 10/1/2024 09:52 by tourist2020
For the dividend investors, looks like EPS 85p per share which would allow/indicate a total dividend of around 52p - less the 20p interim suggests a final of (say) 30p. Could be worse ....
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.
Posted at 31/8/2023 14:37 by sikhthetech
fuji

"I wonder if what's happening in China in this sector might affect sentiments elsewhere ?"

It normally does. Foreign investors will always look at their home investments 1st.

If Chinese investors have lost huge sums of money in property in China then they would be limited to invest abroad. China is a huge economy with huge international trade and it's impact abroad is far more than say Russia.

Ask yourself, if you have investments abroad and the UK property market crashes, would you not pull out of property investments abroad and reconsider investing in property anywhere?

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