Persimmon Share Discussion Threads

[cupra kid] 19/11/2019 09:13

Chart looks decent, especially as we've broke 2500p. A few days of sitting above that level and then I expect a re-test of the now support (2500p). Next stop 2800p

[dgarvey] 15/11/2019 17:40

Partly depends if leasehold challenges turns into yet another miss-selling bonanza for solicitors.

[sogoesit] 07/11/2019 12:20

Mixed views on PSN following update today as this quote shows (source SharesMag):
"Shore Capital analyst Robin Hardy says: ‘Margins cannot be sustained, we believe, if there is a concerted effort to improve quality and the decision to push ahead with the customer retention policy (buyers can hold back 1.5% of the selling price as a surety against putting problems right quickly) is likely to cause a permanent dip in returns."

However, in my view, an increase in quality, coupled with a restraint on releasing supply to the market, will only lead to price increases in a market which is undersupplied. Margins will thereby be maintained if not enhanced!
Wittingly, or unwittingly, government influence on the market has led to a reduction of supply and a stabilisation if not increase in prices. I'm sure government will be "pleased" with their policy outcomes!!

An anecdotal aside about Brexit:
Out of a dozen or so EU working immigrants known to me and some colleagues 10 have applied for settled status and amongst those a few for citizenship.
BloJo also has said that 2 million (of 3 million) known EU citizen immigrants have now applied for settled status.
It therefore looks unlikely, coupled with high employment, that these "issues" (or fear-mongering) will cause any significant drop in demand.

In the London market, outside central areas, my experience is that b-t-l rental prices have increased in the last 18 months or so (by about 10%).
I'm a long term holder for income. Did also used to own BKG but sold out of those into PSN a couple years ago.

[effortless cool] 07/11/2019 09:25

I think that the q3 trading update demonstrates the strategic wisdom of making high quality customer care a key objective. PSN would seem to have stolen a march on their rivals in this regard.

"Persimmon's top priority is the delivery of higher levels of quality and customer service through the implementation of its detailed customer care improvement plan. Central to this plan is putting customers before volume, with sales volumes in the first half of the year being 6% lower than last year, together with making significant additional investments in both our annual customer care resources, by c. £15m each year, and in the level of the Group's work in progress, which amounted to c. £140m at 30 June 2019".

"The Group has continued to make good progress with these plans through the second half. On 1 July Persimmon became the first UK house builder to introduce a customer retention scheme, placing us at the forefront of strengthened consumer rights for homebuyers. I am pleased that our progress to date has resulted in Persimmon achieving the Four Star status level in the latest quarterly HBF customer satisfaction survey results and we are currently trending strongly ahead of the Four Star threshold. I am determined to ensure that the Group makes further headway by implementing our additional quality and customer care initiatives"'

[tradejunkie2] 19/10/2019 16:47

This company stinks.

[stevenrevell] 18/10/2019 16:05

If agreed I thought it would rise

[cupra kid] 18/10/2019 15:20

Depends if you're in for short term hold or not. I can't see the 'deal' being agreed by parliament so I'm expecting a drop on Monday. I hope I'm wrong

[stevenrevell] 18/10/2019 14:44

Do we go or do we stay no deal this will drop

[mister md] 17/10/2019 10:47

well, thats a nice move in the shareprice ;)

[robertball] 11/10/2019 08:56

Brexit negotiations.

[micos] 11/10/2019 08:52

Why the leap in price today?

[cupra kid] 27/9/2019 15:36

Would have liked the rise on more volume so hoping for a few delayed trades.

[dr_smith] 27/9/2019 14:35

My YouInvest lunchtime bulletin contained:
"Housebuilder Persimmon topped the FTSE 100 leader board, its shares jumping more than 4% to £21.51 as it underlined the popularity of UK revenue earners"
I guess they are referencing the pound dipping, but again, PSMN are not unique.
Protocol1. Jefferis noted, but personally I disregard third party opinon, and assume institutional/big investors do too.
All IMO. :-)
Dave

[protocol1] 27/9/2019 13:49

Persimmon upgraded to buy at Jefferies

[dr_smith] 27/9/2019 11:36

Yes, "Brexit uncertainty 'could lead to interest rate cut'"

Though they are up more than peers, so maybe there is an additional reason.

[andyadvfn1] 27/9/2019 10:59

A nice move up today 4.2%, any reasons

[cupra kid] 11/9/2019 16:13

A nice move upwards on decent enough volume bodes well and yet Persimmon are still under the curve in comparison to other house builders.On the other hand, employees at Persimmon will be cursing this recent rise as the option price for SAYE will be announced shortly.

[porsche1945] 28/8/2019 15:04

All housebuliders getting hammered today as the self harming impverishing brexit sxxtshow rolls on, uk a basket case, currency trashed, if it goes on housing market is going to tank, just too risky to go near at mo with the brexit mess, Woodford will be getting hurt again as his back brexit britain investment strategy continues down the toilet.

[cupra kid] 20/8/2019 14:44

I think you miss the point TJ. Yes Persimmon haven't done themselves many favours historically but are now putting money aside to try and rectify an obvious issue. Most mass house builders have the same quality issues but I haven't seen any other big hitters putting up the cash up like Persimmon have.The whole industry needs governing a lot better but for me Persimmon are at least trying at the mo.

[tradejunkie2] 20/8/2019 14:19

You'd be crazy to buy a house from Persimmon or shares here.

Profits at the housebuilder Persimmon slipped as it invested in customer service in an attempt to to repair its reputation after criticism over shoddy workmanship and an overreliance on the government’s help-to-buy scheme.

[eggbaconandbubble] 20/8/2019 07:09

Not bad all things considered like Brexit, a slow housing market and a somewhat tarnished reputation.
If they continue to clean their act up and we finally do Brexit things should start to fly again.

BWTFHDIK

[woodhawk] 19/8/2019 14:20

You're right Porsche1945, I don't know why I do this year after year, I must be some sort of masochist! I'll never learn. Bring on the dogs! Actually, you're wrong tho' - for every 50p loss, I make a £4.50 profit elsewhere. Keeps me happy.

[porsche1945] 15/8/2019 10:27

Woodhawk, have you been buying and selling your usual 100 quids worth of shares and making your usual .50p profit or loss and thinking you are G. Gekko. Haha. What a load of dogs these building company shares are.

[garycook] 23/7/2019 02:25

Those that have sold lately,must be kicking themselves.I have been buying from 1902p.Woody I hope you bought in !