Share Name Share Symbol Market Type Share ISIN Share Description
Persimmon Plc LSE:PSN London Ordinary Share GB0006825383 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  35.00 1.39% 2,553.00 2,552.00 2,553.00 2,575.00 2,503.00 2,514.00 201,294 12:58:32
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Household Goods & Home Construction 3,649.4 1,040.8 266.8 9.6 8,143

Persimmon Share Discussion Threads

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(Sharecast News) - Construction sector activity in the UK picked up further in September with new business coming in at its fastest clip since before the pandemic-induced lockdown. IHS Markit's Purchasing Managers' Index for Britain's construction sector rose from a reading of 54.6 for August to 56.8 in September. That was better than economists' forecasts for an unchanged reading. Furthermore, sentiment among firms in the sector registered its strongest reading for seven months. Nonetheless, employment continued to retreat, although the pace of job losses did ease. By sub-sectors, activity in homebuilding outpaced the rest, the survey compiler said, registering a "sharp" expansion for a fourth month in a row. Activity on commercial projects was also described as "strong", while that in civil engineering fell for a second month and by the most since May. Commenting on the data, Eliot Kerr at IHS Markit highlighted the rebound in growth from August's readings and the pick-up seen in purchasing activity by companies, which he said was a "further sign of encouragement" for the months ahead.
Keep building chaps. Looking very healthy indeed
cupra kid
Planning changes: Mentions PSN and other major HBs. Break the dominance of major HBs. More competitive market place. Ease of planning for small builders. All of which will impact current major HBs, together with Help to Buy ending for 2nd homes, as well as temp Stamp Duty hol. Today's speech shows the govn are unlikely to extend both of these. Jenrick plans to break dominance of volume housebuilders "Housing secretary Robert Jenrick has said he wants to use the government planning reforms to break the dominance of the volume housebuilders and will put more money in to the planning system." "“So, the need for action is clear, and I hope the things we are putting forward in the white paper will create a more diverse and competitive market than we see today. That’s certainly one of the key missions that we’ve set ourselves.”" "Small builders regularly cite planning difficulties as one of the main barriers to entry preventing them from growing. Jenrick’s comments come just weeks after it was announced that four listed builders are under investigation by the Competition and Markets Authority for potentially misleading customers over the sale of leasehold homes, and after years of concerns over the quality of new build houses."
prop, downturns average 25/30% peak to trough tempory SDuty rules will increase peak to trough to possible downside of 40% these will be difficult props to sell, going through auctions, ie studios 88/1993 Docklands 150 to 87k Alcester, Warks 36 to 21k lenders need to tighten borrowing even more, but look after existing borrowers offering equity release, or debt added to loan over next 2/3yrs the future is rental on a massive scale, check out Sigma 20,000k house building plan (SGM) edit, wkend press, the K recovery the rising slope representing those who kept jobs/saved money the downward slope representing those who lost jobs took a pay cut or furloughed, other analysts, the job support scheme is not the single shot to save market, the last thing we need is stumbling block of Brexit, valuations & conveyancing services are overwhelmed, a surge of properties coming to market through probate, will landlords look to sell in large numbers? the list goes on, we have polarisation between those who have thrived and those who have not survived
Is this a good time to buy back into 'builders for their dividend potential? To find out more, we've taken a fresh look at the five largest listed housebuilders - Persimmon (LON: PSN), Berkeley Group (LON: BKG), Barratt Developments (LON: BDEV), Taylor Wimpey (LON: TW) and Bellway (LON: BWY). More on the Investor's Champion website.
Employees get their bonus paid this month. Good to see that PSN still see this as viable given the situation this year. Full dividend next please
cupra kid
mirrors see I smoke and also see duty of stamp house part it plays sector building weakening I see pain is there track down coming soon
Housebuilders such as Barratt Developments and Persimmon, both up 2.6%, were higher going into UK Halifax house price data at 0830 BST. The August index came in up 1.6% month on month.
Persimmon Says Co Looks Forward To Engaging Fully With The Cma As It Continues Its Investigation Persimmon - Following Consultation With Government, Stakeholders & Customers Co Decided To Stop Selling Leasehold Houses Where It Owns Land Freehold In 2017 Persimmon - "Any Customers Of A Persimmon Leasehold Property In The Last Six Years Have Been Given The Right To Buy Their Lease At Below Market Value"
Damage is done...grasping at straws...
zeus, The leasehold scandal has been ongoing for years. HBs have made provisions to redress the onerous ground rents, which implies they have accepted that they were involved in the practices. Leasehold scandal was one of the consequences of Help to Buy scheme, which I believe is flawed. HBs took advantage of the terms available within the scheme.
It should not be assumed at this stage of the CMA's investigation that the businesses under investigation have been involved in any or all of the outlined practices.
RNS Number : 0099YCompetition and Markets Authority04 September 2020 Leasehold homes: CMA launches enforcement actionThe CMA is launching enforcement action involving 4 leading housing developers it believes may have broken consumer protection law in relation to leasehold homes.As part of its ongoing investigation, the Competition and Markets Authority (CMA) is today opening enforcement cases focusing on certain practices of:·    Barratt Developments·    Countryside Properties·    Persimmon Homes·    Taylor WimpeyThe move comes after the CMA uncovered troubling evidence of potentially unfair terms concerning ground rents in leasehold contracts and potential mis-selling. It is concerned that leasehold homeowners may have been unfairly treated and that buyers may have been misled by developers.The CMA's action relates to the following areas of concern:·    Mis-selling-      Ground rents: developers failing to explain clearly exactly what ground rent is, whether it increases over time, when increases will occur and by how much.-      Availability of freehold: people being misled about the availability of freehold properties. For example, the CMA found evidence that some people were told properties on an estate would only be sold as leasehold homes, when they were in fact later sold as freeholds to other buyers.-      Cost of the freehold: people being misled about the cost of converting their leasehold to freehold ownership. When buying their home, the CMA found evidence that some people were told the freehold would cost only a small sum, but later down the line the price had increased by thousands of pounds with little to no warning.-      Unfair sales tactics: developers using unfair sales tactics - such as unnecessarily short deadlines to complete purchases - to secure a deal, meaning people could feel pressured and rushed into buying properties that they may not have purchased had they been given more time.·    Unfair contract terms - ground rents-      The use of unfair contract terms that mean homeowners have to pay escalating ground rents, which in some cases can double every 10 years. This increase is built into contracts, meaning people can also struggle to sell their homes and find themselves trapped.Alongside these issues, the CMA will also be looking further into ground rent increases based on the Retail Price Index (RPI) and may take enforcement action should it find evidence of unfair practices in relation to these. In particular, the CMA is concerned about the fairness of escalating ground rent terms linked to RPI and that these are not always effectively explained by developers when discussing RPI-based ground rent with prospective homeowners.The CMA will also be investigating certain firms who bought freeholds from these developers and have continued to use the same unfair leasehold contract terms.The CMA has now written to Barratt, Countryside, Persimmon, and Taylor Wimpey outlining its concerns and requiring information.How the case proceeds will depend on the CMA's assessment of the evidence. Possible outcomes include legal commitments from the companies to change the way they do business, or if necessary, the CMA could take firms to court.
Update on Chief Executive Officer Appointment. Further to its announcement of 24 June 2020 confirming the appointment of Dean Finch as Group Chief Executive, Persimmon notes today's announcement by National Express Group PLC that Dean will be leaving the business with effect from 31 August 2020. Persimmon now expects that Dean will be able to take up his post as Persimmon CEO earlier than originally envisaged and anticipates confirming his start date shortly.
Where has 1crackupboom gone ?
Interesting move by PSN with the dividend. They have over £800m so the dividend isn't going to make a huge dent in the cash but will provide some confidence.
Yes, good for the sector to see the headlines about higher house sales volumes and prices being translated into the same for housebuilders. Of course it should be the case, but for some reason, it wasn't being recognised. All the various caveats about it being temporary, risk of downturn etc etc - but if it's not, then...
imastu pidgitaswell
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