Persimmon Share Discussion Threads

[nick100] 29/1/2021 12:29

BERENBERG RAISES PERSIMMON PRICE TARGET TO 3180 (2720) PENCE - 'BUY'

[nick100] 29/1/2021 07:01

Peel Hunt also ups Persimmon to "buy" from "add", saying the group should continue to deliver sector-leading margins, supported by the exceptional land bank and generally lower average selling price

[imastu pidgitaswell] 15/1/2021 14:14

Erm:



Thousands of people are reserving homes that are not expected to exchange before the stamp duty holiday expires, Taylor Wimpey said yesterday.

In remarks that further highlight the strength of the property market, the housebuilder said that its sales rate had continued to rise at the end of last year and remained strong this month.

Home sales are taking about six months to complete, so these purchasers are not set to benefit from the stamp duty holiday, which is due to end on March 31 and saves purchasers up to £15,000...blah blah


😎

[mike24] 15/1/2021 14:05

Without the extension of the stamp duty holiday
house prices will fall back, but by how much
and how long before an realistic recovery???
this working from home lark is inefficient
nai

[nick100] 15/1/2021 05:23

https://uk.finance.yahoo.com/news/stamp-duty-holiday-uk-house-prices-property-market-000150392.html

[nick100] 14/1/2021 07:55

Persimmon : Jefferies raises target price to 3,213p from 3,167p *

[cupra kid] 13/1/2021 13:07

Forward Sales Position £1.689B vs £1.356B Yr AgoImpressive!

[sikhthetech] 13/1/2021 12:45

Stamp Duty hol and Help to Buy or 2nd homes ends 31st March, 10 weeks time


Persimmon sales slow as end of stamp duty holiday nears

Changes to the government’s Help to Buy scheme will also have an impact


"The company, in common with other housebuilders, had earlier seen a surge in sales on the back of the stamp duty holiday and the release of pent-up demand after restrictions on the housing market were lifted in May.

But a resurgence in coronavirus cases and changes to the government’s Help to Buy scheme, which will impose regional price caps and limit the scheme to first time buyers, have slowed down trade. The end of the stamp duty holiday in March is also likely to have an impact, said the company."

[nick100] 13/1/2021 07:47

By Charles Capel and Bloomberg Automation
(Bloomberg) -- Persimmon reported revenue for the full year
that beat the average analyst estimate.
* FY revenue GBP3.33 billion, estimate GBP3.25 billion
(range GBP3.14 billion to GBP3.33 billion) (Bloomberg Consensus)
* FY homes completed 13,575

* Forward Sales Position £1.689B vs £1.356B Yr Ago

* Group's sales levels over more recent weeks reflect lower
active outlet numbers and some constraints on stock availability


NOTE
* 15 buys, 4 holds, 0 sells

[boozey] 13/1/2021 07:24

Solid statement

[nick100] 08/1/2021 07:48

Barratt Developments said that trading had been strong in the most recent quarter, with a 90% of new homes forward sold for FY2021. It expects to resume dividends at the first-half results.

[sikhthetech] 28/12/2020 17:59

Few challenges ahead for HBs over the next few weeks/months.

- Govn support ends 31st March, 3 months time. Both Stamp Duty hol and Help to Buy for 2nd homes
end on 31st March. The deadline to complete on time is running out.
- Furlough ends 30th April 2021, 4 months - increased unemployment.
- Ongoing CMA investigation into leasehold scandal


Government rules out stamp duty holiday extension in 2021

"The stamp duty holiday is due to come to an end on 31 March 2021, despite repeated industry calls for an extension and a petition to parliament with more than 28,000 signatories."


Can I still buy before the stamp duty holiday ends?
"Yes, but you’ll need to move fast. The time it takes between agreeing a sale and completing is normally just under 100 days.

Our research shows that only 54% of sales agreed in January will complete in time, with that figure dropping to 17% in February."


What about non-UK residents?
"From April 2021, an additional 2% stamp duty levy will be imposed on non-UK residents who buy property in England and Northern Ireland.

It means that international buyers of second homes could pay up to 17% tax on expensive properties.

The 2% is on top of standard rates and in addition to the 3% surcharge for any investors who own property elsewhere."

[1crackupboom] 26/12/2020 16:50

New help to buy will kill the builders. Max 410k loans and 1st time buyers only. All the 2nd steppers paying 500k for houses in shires using 100k htb loan will stop. Prices will have to fall 20pc overnight for them to continue selling at same rate. More than 50pc of larger houses sold with this loan to 2nd steppers. Game Over.

[nick100] 15/12/2020 19:25

https://flip.it/Ef63Qp

[sikhthetech] 10/12/2020 19:54

Brexit is just one of the challenges facing HBs.

The real test for housing market and specifically HBs is yet to be play out.

Help to Buy for 2nd homes ending 31st March, so just over 3 months left.
Stamp Duty hol ending 31st March, so just over 3 months left.
Furlough ending 31st March.
Overseas/Btl Investors pulling out of housing market.
Ongoing CMA investigation into leasehold scandal.
Brexit.

Help to Buy was a major contributor to the leasehold scandal.


TW:
"Looking ahead, we expect the market to support robust sales rates and for prices of new build homes to remain supportive. We are pleased to note the Government's ongoing support for the housing market, home ownership and, specifically, first time buyers."


CRST/Bellway.
Housebuilder Bellway restores dividend as the stamp duty holiday lifts summer house sales sharply Bellway's reservations shot up 30.6% in the first nine weeks from August 1

"The FTSE 250 group said the stamp duty cut introduced in early July has boosted 'consumer confidence,' as has the Help-to-Buy shared equity scheme and a revival in the used property market."




"The release of pent-up demand, whether due to customers putting off moving because of Brexit uncertainty or subsequent COVID-19 disruption, and the benefits of the Stamp Duty holiday, have supported near-term confidence levels in the housing market."

" We are also appreciative of the Government moving quickly to reopen the sector and taking the decision to temporarily suspend Stamp Duty. Confidence in moving home and stability of house prices will be a critical part of a successful economic recovery from this pandemic."




Bellway warns of Help to Buy sales hiatus

"Alastair Stewart, analyst at Progressive Research, said: “An apparent administrative hiatus on the new version of Help to Buy, alongside the more restricted target market for the government support package - [which comes in] on the same day as the deadline for the stamp duty holiday - suggests short-term challenges for the wider sector.”

[cupra kid] 10/12/2020 18:19

Yes, factoring in a no dealbrexit I reckon. It'll create uncertainty which is what the markets dislike.

[spcecks] 10/12/2020 16:55

I think it is as no bad news on PSN.

[kanwar] 10/12/2020 12:16

Is the fall all down to Brexit?

[cupra kid] 08/12/2020 14:11

I've heard through the grapevine that Persimmon are now a five star builder!

[nick100] 29/11/2020 10:04

https://www.thisismoney.co.uk/money/markets/article-8994041/Persimmon-goes-green-new-home.html

[nick100] 12/11/2020 11:21

DEUTSCHE BANK RAISES PERSIMMON PRICE TARGET TO 2,937 (2,776) PENCE - 'BUY'