Persimmon Share Discussion Threads

[nick100] 08/7/2021 11:20

across the board everything down

[davetedjack] 08/7/2021 11:12

Why is the price down over 4% on what looks like good news

[nick100] 08/7/2021 09:36

By Niveditha Ravi and Bloomberg Automation
(Bloomberg) -- Persimmon reported revenue for the first
half that beat the average analyst estimate.
* 1H revenue GBP1.84 billion, +55% y/y, estimate GBP1.75
billion (Bloomberg Consensus) (2 estimates)
* 1H homes completed 7,406, +51% y/y

* Forward Sales at £1.82BN vs £1.86BN Year Ago

* Total average selling price increased by 4.9% over the first
half of last year to about £236,200
* Intends to return 110p/share surplus capital as a single
additional interim dividend payment in relation to the financial
year ended Dec. 31 2020

[sikhthetech] 23/6/2021 11:56

Aviva and Persimmon to change leasehold terms after UK watchdog probe

[sporazene2] 01/6/2021 09:23

Nationwide house price yy
Period Previous Estimated Actual
May. 2021 7.1% 9.2% 10.9%
Announced 01/06/2021 07:00:00

[sikhthetech] 31/5/2021 21:33

Housebuilding industry continues to face difficulties


"New-build price hikes could be on the cards following a warning from leading industry figures.

Price rises in materials are set to make new build homes more expensive according to sector experts which could have an impact on First time buyers wanting to get on the property ladder."


“The rise in new housing construction activity is likely to have been partly driven by housebuilders being encouraged by the UK’s property market running hot due to the Stamp Duty holiday. This is coupled with the approaching reopening of the UK economy which would have improved business confidence levels throughout March, prompting firms to progress residential building projects."

[mike24] 11/5/2021 14:34

Inflation coming back with a vengeance
nai

[nick100] 28/4/2021 07:27

By Angela Cullen and Bloomberg Automation
(Bloomberg) -- Persimmon forward sales position £3.0bn vs
£2.4bn, according to statement.
* Co. repeats plan to return 110p of surplus capital by way of
two additional interim dividend payments: 55p/shr in August and
same again in December
* Co. has made a strong start to the year: CEO Dean Finch
* Persimmon current outlet network is expected to remain stable
at approximately 300 outlets on average throughout the year
* Demand for newly built homes remains healthy and sales rates
are encouraging
* Group’s average selling price for homes sold to private owner
occupiers in the forward order book is c. £252,000 vs c.
£244,500

[mike24] 30/3/2021 10:34

wk-end press

house prices rose at their fastest pace in seventeen yrs
all down to Boris stamp duty relief, which we did not need,
end of article ....We don't think that the ongoing boom in house price inflation will be followed by a bust,
phew! so everything is hunky-dory

BofE our number 1 job is to keep prices across the economy rising steadily every year,
4/5 jet Yellen says borrowing costs may have to rise,
UK real inflation rate in 74 was 19.16% (stat,bureau) surely real inflation rates to-day are similar,
ie,self employed tradesmens rates,legal fees,dentists fees, vehicle servicing, list goes on
nai

[energeticbacker] 29/3/2021 10:21

With UK housebuilder offering yields up to 8%, should Investor's Champion add one to their Income Boosters dividend portfolio?

If trading remains stable at current levels, then Investor's Champion thinks Persimmon's 8% yield ought to be safe. For investors with a bullish view on the housing market, this high yield choice could be worth considering.

[nick100] 18/3/2021 17:46

(Sharecast News) - UBS downgraded its stance on shares of Persimmon and Crest Nicholson on Thursday as it took a look at the UK housebuilding sector.
The bank cut Persimmon to 'neutral' from 'buy' and Crest Nicholson to 'sell' from 'neutral', reducing the target prices to 2,915p from 3,070p and to 315p from 320p, respectively.

For Persimmon, it said the risk/reward is now more balanced after the stock delivered a more than 20% total shareholder return since the start of 2020. "Shares trade at a considerable premium on P/TNAV of 2.75x (sector 1.6x) which reflects substantially higher returns," it said.

"While we like Persimmon's attractive margin and return profile, we think the shares no longer prices in a material erosion of this and therefore we think the stock fairly reflects these superior returns."

Meanwhile, UBS said Crest Nicholson looks expensive, in particular relative to other mid-caps, and "seems to more than price in a margin recovery towards the peer average despite execution risk".

UBS said it remains positive on the sector overall and continues to think there is upside, although it is more limited at around 15% on average after the recent rally. The bank's top picks are Berkeley Group, Redrow and Taylor Wimpey. UBS also has 'buy' ratings on Vistry Group, Barratt Developments and Bellway.

[nick100] 04/3/2021 18:07

Persimmon: Canaccord reiterates buy with a target price of 3,220p.

[undervaluedassets] 04/3/2021 07:36

The government is going to incentivise home construction in the UK, isn't it.

It is the only game in town.

In for a few

[wfcreserves] 03/3/2021 09:40

Plus capital repayments of 55p per share in Aug and Dec. What’s not to like?

[nick100] 03/3/2021 07:48

Ex dividend 11th March payment date 26th March £1.25

[nick100] 03/3/2021 07:44

Final Results
Fy Adjusted Pretax Profit 783.8 Million Stg Versus 1.041 Billion Stg Year Ago
Fy Underlying Operating Profit 862.8 Million Stg Versus 1.037 Billion Stg Year Ago
Fy Revenue 3.328 Billion Stg Versus 3.649 Billion Stg Year Ago
Persimmon - Group's Average Private Weekly Sales Rate Per Site For 2020 Was 12% Higher Year On Year
Persimmon - Average Selling Prices Increased By 6.9% Reflecting 6.5% Increased Proportion Of Homes Sold To Owner Occupiers During Year
Persimmon - Strong Forward Sales Levels Of £2.3bn, 15% Higher Year On Year,
Persimmon - Group's Average Private Weekly Sales Rates For First Eight Weeks Was 7% Ahead Of Last Year
Persimmon - Build Rates Have Been Maintained At Pre-covid Levels Since July 2020
Persimmon - Strong Forward Sales Levels Of £2.3bn, 15% Higher Year On Year
Persimmon - We Are Targeting A Full Return To 2019 Levels Of New Home Completions In 2022.
Persimmon - In First Half Of 2021 Expect To Deliver New Home Completion Volumes Approaching Levels Seen During First Half Of 2019
Persimmon - Targeting A Full Return To 2019 Levels Of New Home Completions In 2022
Persimmon - Longer Term Fundamentals Of Uk Housing Market Remain Strong
Persimmon - Build Programmes Returned To Normal Levels In July
2020 And Have Been Maintained Since

[nick100] 01/3/2021 14:01

(Sharecast News) - Shares of London-listed housebuilders rallied on Monday on news of a new mortgage guarantee scheme that would see a return of 95% of mortgages.
Persimmon, Taylor Wimpey, Barratt Developments, Berkeley, Crest Nicholson and Vistry all gained on news that Chancellor Rishi Sunak will unveil in his budget this week a mortgage guarantee scheme to help first-time buyers.

As part of the scheme, the government will offer incentives to lenders which would mean that people would be able to buy properties worth up to £600,000 with a deposit of just 5%.

"Though it would not provide government capital (as the core Help to Buy scheme did), it could achieve something similar, in our view, bridging the gap between lenders and low-deposit buyers and underpinning the bottom end of the housing ladder," Morgan Stanley said.

MS said the scheme could calm concerns over a cliff edge after the Help to Buy initiative is phased out and the stamp duty holiday ends, and would also work against higher loan-to-value mortgage rates seen in recent months, which has significantly eroded affordability.

"We also note that other recent articles (Financial Times, Bloomberg) have highlighted the risk of a corporation tax increase; any increase in demand that drives homebuilder revenues may be offset by an increase in tax expense further down the income statement. Nevertheless, we see this potential development as a clear positive for UK homebuilders, given their sensitivity to UK house price trajectory."

The stamp duty holiday on the first £500,000 of a property purchase is due to end on 31 March. However, there have been reports that Sunak could announce an extension to the deadline in the budget.

Neil Wilson, chief market analyst at Markets.com, said a new mortgage guarantee scheme would underpin confidence in the housing market, "which is inextricably linked to confidence in the broader economy".

"It should also be a big boon for the housebuilders," he added.

[nick100] 01/3/2021 09:25

(Alliance News) - Stock prices in London opened higher on Monday as US bond markets stabilised, while housebuilders rose sharply as a mortgage guarantee scheme is expected to be unveiled in this week's budget statement.

The 10-year US Treasury note yield edged down to 1.4% Monday morning from 1.5% late Friday, further narrowing from one-year highs reached on Thursday.

The FTSE 100 index was up 94.39 points, or 1.4%, at 6,577.82. The mid-cap FTSE 250 index was up 323.06 points, or 1.5%, at 21,234.84. The AIM All-Share index was up 0.6% at 1,190.73.

The Cboe UK 100 index was up 1.6% at 654.50. The Cboe 250 was up 1.5% at 18,904.85, and the Cboe Small Companies up 0.3% at 13,187.82.

In mainland Europe, the CAC 40 in Paris was up 1.6% while the DAX 30 in Frankfurt was up 1.3%.

Richard Hunter, head of Markets at interactive investor, commented: "There has been a pause for breath after the bond market sell-off stabilised, although inflation concerns remain near the surface. Those fears of inflation have certainly not gone away but attention has shifted back, perhaps temporarily, to the immediate positive drivers which could propel a strong economic rebound."

In the FTSE 100, housebuilders were among the best performers amid hopes UK Chancellor of the Exchequer Rishi Sunak will unveil a mortgage guarantee scheme to help first-time buyers with small deposits get on the property ladder in Wednesday's budget.

Taylor Wimpey was up 5.2%, Barratt Developments up 4.8%, Persimmon up 5.3% and Berkeley Group up 3.6%. Property portal Rightmove was up 3.5%.

Midcap peers Bellway, Vistry Group and Redrow were up 4.7%, 4.5% and 4.3% respectively.

Analysts at Jefferies said: "The government's continued focus on 'Generation Buy' we see as a positive. We remain unconvinced by the potential re-emergence of the Help to Buy mortgage guarantee. However, testing new policies while Help to Buy still has 2 years to run, and with what looks like a pipeline of plans, we believe de-risks the longer term demand profile for the sector. Our top picks of the volume housebuilders remain Persimmon and Taylor Wimpey."

Sunak is under vast pressure to continue emergency support packages to prevent waves of job losses and business closures, but has said he plans to "level with people" during his Commons speech. On Sunday, the chancellor indicated he will extend emergency support packages, such as the furlough scheme due to expire at the end of April, as the coronavirus lockdown is unwound over the coming months.

However, the chancellor issued a warning about the scale of the damage to public finances caused by the pandemic, saying the belt-tightening to pay for pandemic expenses may extend for years. He told Sky News' Sophy Ridge on Sunday: "This is going to take time to fix".

Pennon Group was up 3.6% after Barclays raised the utility to Overweight from Equal Weight.

At the other end of the large-caps, Bunzl was the worst performer, down 3.3%, as the distribution firm said it does not expect large Covid-19 related orders to repeat in 2021.

For 2020, revenue was GBP10.11 billion, up 8.4% from GBP9.33 billion in 2019, and pretax profit was GBP555.7 million, up 23% from GBP453.3 million.

Bunzl raised its dividend for the year 5.5% to 54.1 pence from 51.3p paid out the year before, as the company hailed its 28-year track record of consecutive annual dividend growth.

The Japanese Nikkei 225 index closed up 2.4% on Monday. In China, the Shanghai Composite closed up 1.2%, while the Hang Seng index in Hong Kong closed up 1.3%. In Sydney, the S&P/ASX ended 1.7% higher.

On the economic front, factory activity in China grew at the slowest pace in nine months in February, as business operations slowed over the country's Lunar New Year holiday, according to official data released Sunday.

The purchasing managers' index, a key gauge of manufacturing activity, fell to 50.6 points last month from 51.3, said the National Bureau of Statistics, with slowdowns seen in production, new orders and foreign trade.

Although this was the lowest reading overall since last May, when manufacturing PMI also came in at 50.6, the figure remains above the 50-point mark separating growth from contraction.

The pound was quoted at USD1.3954 early Monday, up from USD1.3940 at the London equities close Friday.

The euro was priced at USD1.2070, down from USD1.2111. Against the yen, the dollar was trading at JPY106.65, down from JPY106.62.

Brent oil was quoted at USD65.70 a barrel Monday morning, lower from USD66.10 late Friday. Gold was trading at USD1,752.01 an ounce, up sharply from USD1,728.20.

The economic events calendar on Monday has manufacturing PMI readings from Germany, the eurozone and the UK at 0855 GMT, 0900 GMT and 0930 GMT respectively.

[mike24] 22/2/2021 16:14

those figs above, what y get for around 496k is a
studio ie Q/Eliz Street Tower Bridge, are just insane prices
tonight Ch4
Britains £400 billion covid bill, who will pay???

27/2 todays Telegragh a bit late, but reality on
London's rents & values

1/3 here we go , post-budget spike, similar to Lawsons spring budget of 87
(help for first time buyers)
everytime the government interfere's in the housing market, it ends in a disaster
and the ruin of good companies, ie Jacob Islands the Iconic building "The Circle"
some prices fell up to 40% between 90-94 in the docklands
first time buyers will be encouraged to buy at levels up to 300% higher than 94

we never needed the stamp duty incentives in first place, prop market was ok
12 months ago, a slight drop would even have been helpful,
now prop is way overvalued, first tiny rate will hit hard,
dyor

[sikhthetech] 17/2/2021 11:47

Backs up my negative stance on HBs. New build prices are down on a qtrly basis.


House prices 2020.


According to govn website, just published, the average UK property prices for 2020, new builds and existing.

Let's see how they perform over the next 12-18months...

Look at the figures, avg new builds prices falling on quarterly basis, in UK & London.

Average prices plus annual increase:
UK: £251,500, up 8.5%
New Builds: £327,486, up 6.3% (qtr change -0.7%)
Existing: £258,708, up 5.6%, (qtr change 1.1)


London: £496,066 up 3.5%
New Builds: £505,833, up 3.4% (qtr change -2.1%)
Existing: £492,362, up 4.4% (qtr change -0.7%)