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
  41.00 1.44% 2,891.00 2,889.00 2,891.00 2,893.00 2,842.00 2,850.00 1,148,665 16:29:55
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Household Goods & Home Construction 3,737.6 1,090.8 283.3 10.2 9,183

Persimmon Share Discussion Threads

Showing 3451 to 3473 of 3475 messages
Chat Pages: 139  138  137  136  135  134  133  132  131  130  129  128  Older
DateSubjectAuthorDiscuss
16/1/2020
07:16
I only post on companies when I hold shares and so I'm nearly always positive when I post. If I didn't believe in the companies then I wouldn't own the shares and so wouldn't post. So a little puzzled about being criticised for not being positive enough. So I repeat 'not much growth prospects'. That is not the same as no growth. But the chronic shortage of housing is not a reason for house builders to build more, neither is a large land bank which actually shrank during 2019. Builders need prices to stay high which restricts their desire to build more, and a shortage of suitable labour means they couldn't even if they wanted to.
grahamg8
16/1/2020
05:42
House builder Persimmon (PSN) needs to rebuild consumer trust after a government review but it has a strong balance sheet to lean on in the meantime, says AJ Bell. https://t.co/ILp9E4F8mN
stockstracker
15/1/2020
09:59
>We will give an update on our assessment of the housing market over the early weeks of 2020 So that wuld be by say 3rd week of Jan. Where are we now? Oh...3rd week of Jan... Why can't they say now, must be some influential factor in pipeline. Either gov policy/planning/tax change (not aware of anything new there). OR maybe they are concluding a major land/partner deal so have to stayy schtum a bit longer. OR maybe CFO is on his ski holiday. PP I can only half agree. Over 2/3 of my folio is builders, so that says what I think of HB for positivity, and sparsity of choices in other sectors. I say only half agree as all the big builders seem to have stopped expanding volume-wise, to avoid boom and bust with many returning resultant spare cash by way of special divs. I'm in 2 minds about their investing in quality aspect. 1. With plan to constrain expansion in volume, perhaps they seek more margin in each unit by adding quality, higher share price and higher % return per plot. 2. With most buyers busting a gut financially, they don't have spare cash to pay for that higher quality - unless perhaps it is the elderly/downsizing market. IMO Dave
dr_smith
15/1/2020
08:17
Spot-on Pelmets!
eggbaconandbubble
15/1/2020
07:57
Due to a chronic a persistent housing shortage, and a pro capitalism govt for the next 5 years at least, I can't think of many sectors with such +ve growth prospects as housebuilders.
purplepelmets
15/1/2020
07:57
PSN Persimmon keeps schtum over cash plans as sales slow https://t.co/ILp9E4F8mN
stockstracker
15/1/2020
07:55
'not much growth in prospect' - ? They have a sizeable landbank and the demand for houses will be immense over the next 5 years. What's not to like here?
eggbaconandbubble
15/1/2020
07:19
Results say steady as she goes. Very solid company, not much growth in prospect but good dividend and no debt.
grahamg8
14/1/2020
21:06
#PSN Persimmon’s ousted £75m boss Jeff Fairburn joins rival housebuilder https://t.co/ILp9E4F8mN
stockstracker
09/1/2020
19:20
Analyst housebuilding report... for the politically incorrect ;-) : htTps://www.hardmanandco.com/wp-content/uploads/2020/01/Winter-2019-UK-Housebuilding-Sector-in-Q4-2020-vision.pdf
sogoesit
02/1/2020
10:56
sound like moaners tbh
purplepelmets
22/12/2019
21:20
https://www.theguardian.com/business/2019/dec/22/persimmon-putting-house-in-order-corporate-world--pay-attention
eeza
17/12/2019
23:31
https://www.theguardian.com/business/2019/dec/17/persimmon-accused-of-building-houses-with-intolerable-fire-risk
eeza
13/12/2019
16:36
Excellent volume on this wonderful blue day. Bodes very well indeed.
cupra kid
13/12/2019
10:30
Davius...hang fire for a while. Looking at current share price of 2794 you've used your luck quota for a little while. ;-)
dr_smith
13/12/2019
09:26
Well despite being a holder for a while, and having a very low average after reinvestment of the special dividends, I've decided to sell today. I took pot luck and put my order in at market as immediate trading wasn't available, and received 2846, which was very acceptable. Will see how it settles after the euphoria dies down before deciding whether to buy back in later, or hang fire a while.
davius
13/12/2019
09:16
Didn't expect 2800p so quickly but very welcome. Circa 2500p held up really well so I would imagine this will be our range for a while now. Post 31st January 2020 and we could make the next move north but happy to sit and wait if not.
cupra kid
13/12/2019
08:16
30% return in 12 months... great start today half that return at the opening! Great play now for the builders - now hopefully rewards for the patience here over the last brexit years
salamander69
09/12/2019
22:39
30% return in 12 months and a ~10% dividend? I agree on the face of it this stock is undervalued but demand will tail off. Regardless of political policy, it is clear house building will maintain rate or in best case continue to increase. However this must be offset by affordability. Banking sector emulates low confidence. HSBC announcing 40% overdraft interest rates with the rest to surely follow and industry suggestions of mortgage interest rate increases. Wages are not rising at rates to match housing increases and therefore affordability is a huge risk. Lending reforms or measures to increase affordability is required before seeing 30% returns.
mikegsi2
09/12/2019
19:44
egg': I have had same thoughts, cars have come a long way with many bells and whistles and safety gear installed as standard and by robots. I would expect like to be done for housing, and have posted on this topic in the past on benefits and question as to why factory/modular structures aren't to be seen - other than top end German jobs. I can only guess the high up front cost needs a high volume turnover to justify. Volume of house numbers in UK is a fraction of say, cars, so would need much longer just to break even. That's my guess to explain conspicuous absence. Europe has a bigger customer base. Also, our roads perhaps can't handle large loads in the same way other countries can. Dave
dr_smith
09/12/2019
17:47
Good post Gary and by and large I agree. I just always question why the UK building industry still works on the format of a lot of operatives walking around in muddy fields putting one small brick on top of another! Seems very backward when it is already used technology in other countries to build in a factory (with robotics?) and all the Quality Control etc that comes with it. One day I assume a disrupter will step into this industry and make for a big shake up. Why doesn't one of the several established large house builders (with land-banks) go for it?
eggbaconandbubble
09/12/2019
02:21
Shares in two of the UK’s largest housebuilding groups, Persimmon (LSE: PSN) and Taylor Wimpey (LSE: TW), look deeply undervalued. According to my calculations, they have the potential to produce a total return for investors of more than 30% next year. Income and growth My forecast is based on a combination of their income and capital growth. At the time of writing, City analysts expect Persimmon to distribute a dividend equivalent to 9.5% of its current share price next year. Meanwhile, Taylor Wimpey is scheduled to throw off a dividend yield of around 10.5%. I have no reason to doubt these forecasts based on the information currently available. Both are generating a tremendous amount of cash from their operations, and have cash-rich balance sheets with no debt. On top of this, the demand for new houses in the UK is only increasing. Both political parties are promising to increase home building across the UK if they’re elected into power next week. So, as long as there’s no dramatic change in the political environment over the next 12-months (or Labour decides to nationalise the homebuilding industry) I see no reason why these companies cannot meet the City’s income targets. These dividend yields could be enough to help Taylor and Persimmon outperform the market in 2020 because, over the past decade, the FTSE 100 has produced an average annual total return of approximately 7%. However, I believe investors will also benefit from capital growth next year as well. Undervalued Political uncertainty has weighed on the share prices of home builders for the past few years. But as this uncertainty has started to lift, shares in both businesses have rallied. Since the beginning of September, when Boris Johnson set out to finish the UK’s divorce from the EU, shares in Persimmon and Taylor have increased by 32% and 17% respectively, excluding dividends. This suggests to me that if the Tories are elected back into power with a significant majority, these homebuilders could rally further. It’s difficult to tell what sort of market response this scenario would lead to but, according to my research, before the referendum in 2016, both were dealing at a mid-teens P/E multiple. With their shares dealing at forward earnings multiples of 9.5 and 8.6 respectively, this suggests there could be a potential upside on offer for investors of more than 30% from the current levels. When you add in the dividend income investors are set to receive over the next 12 months, it quickly becomes apparent these two companies have the potential to produce a return of around 40% for investors in 2020. These are only back-of-an-envelope calculations, but I believe they clearly show how undervalued these companies are. That upside that could be on offer for investors as some degree of certainty eventually returns to the UK political scene.
garycook
25/11/2019
11:16
Agree that £28 is looking good. After all the dissing this company has taken in the financial press over the last couple of years it would make me laugh if they increased the payout next year.
sogoesit
Chat Pages: 139  138  137  136  135  134  133  132  131  130  129  128  Older
Your Recent History
LSE
PSN
Persimmon
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20200118 06:22:41