Persimmon Share Discussion Threads

[garycook] 10/2/2022 03:47

Woody,Around 110p.Copy of 2482 Another strong trading update

Last week, Persimmon told the market that it faces “some nearer term uncertainties remain” as the pandemic rolls on. But on the whole, its mid-January trading update reinforced my belief that the builder can meet the City’s dividend expectations. A 241p per share payout is currently anticipated for 2022, up from the 235p reward shelled out last year.So a 116p Interim dividend predicted for March/April.

[sogoesit] 09/2/2022 11:03

About inflation and interest rates. The BoE will probably look to government's fiscal policy to see how much, and how quickly, to respond to inflation.
If government brings in higher NICs and doesn't increase tax thresholds these will be equivalent to an interest rate hike, in part, in my view. A dampener by a different route but could be advantageous for mortgages.

[woodhawk] 09/2/2022 09:53

What divi are we expecting in the declaration in a couple of weeks?

[sikhthetech] 06/2/2022 20:52

thruxie

"On the positives for the continued house price growth there's inflation running at 7.5%, a shortage of new houses and full employment. "

High inflation is not a positive for the housing market, quite the opposite..
Inflationary pressure leads to interest rate rises. Added to tax rises, energy price rise and affordability becomes a major issue.

H2B homeowners who bought > 5yrs ago and still have the loan will see interest jump from 0% to 9%!! That that's on top of interest rate rises on their mortgages (if it's not fixed).

Mortgage repossessions were legally stopped during the pandemic but court cases have restarted... there were around 30k homeowners in severe mortgage debt. Any interest rate rise on top of tax/council tax/energy price rises would impact affordability...

[pander45] 05/2/2022 13:02

A seller I'd say. I can see 2000 coming at some point which would be good value imho.

[martymosic] 04/2/2022 23:24

Hi,I'm trying to understand the large volume that lately has appeared at the end of nearly every day's trading. Any ideas what it is?

[thruxie] 04/2/2022 12:21

Mike24 do you have a crystal ball?

On the positives for the continued house price growth there's inflation running at 7.5%, a shortage of new houses and full employment. What's going to change?

[sporazene2] 01/2/2022 07:30

01 Feb 2022

House price growth makes a strong start to 2022

Annual house price growth increased to 11.2% in January, from 10.4% in December
Prices up 0.8% month-on-month
Strongest start to the year since 2005

[brucie5] 31/1/2022 22:12

That's ambitious.

[nick100] 31/1/2022 13:27

Persimmon : HSBC raises target price to 3830p from 3380p *

[gurunostradamus] 28/1/2022 18:38

I know I have quality share when I don’t really follow the share price much whereas for my donkey shares I tend to watch closely.

I really don’t have much stress holding PSN, MNG, BT and RIO as all of them have a reasonable dividend and BT has significantly increased in value over the last few months. So buy and forget and just take the dividend and no stress!

[brucie5] 28/1/2022 08:05

Indeed, cyclical sector and so on, but houses aren't going out of fashion... Nor housing pressures, unfortunately. Everyone wants one.

[pander45] 27/1/2022 16:35

Im not concerned here, just about when to top up as cheaply as possible really.

[adejuk] 27/1/2022 15:46

pander
and lots of others fallen through in the last week.
no big deal
short term concerns and drop still covered by divi
i'd buy more but the market has hit my confidence for the mo.

[pander45] 27/1/2022 13:42

Similar here but as a LTH less of a concern. Support was broken this morning.

[sikhthetech] 27/1/2022 12:57

Tourist,
" With the cladding issue hanging over the sector"

I don't think it's just cladding though.

Inflationary pressure/affordability/H2B/govn support ended.

inflationary pressure.
Look at the time of yesterday's fall across the sector, 3pm the fed's interest rate meeting in which he mentioned rates will need to go up soon...

Affordability. tax rises/council tax rises/energy price rise/interest rate rises.

H2B scheme only for 1st time buyers now. H2B interest rate now 6.75% for those who took out H2B over 5 yrs ago and haven't paid it off.

[pander45] 27/1/2022 10:45

Good analysis. Looks weak still as a result.