Persimmon Share Discussion Threads

[pander45] 10/3/2022 11:36

Battered today.

[adejuk] 10/3/2022 10:25

and down 164

[cupra kid] 10/3/2022 09:34

Ex div today, 125p.

[karv1] 05/3/2022 10:07

I am surprised housing has not done better. PSN for example all UK-based with 1.3 billion sitting in cash with 6 years worth of land plots if 14k is used per year.
Then there is the 10.1% dividend. There are no guarantees but they could cut back on the 450m spent on land I am guessing if house prices go down with a 6-year land bank.
Before this crisis with hindsight cash would have been the first choice. When you look at the top 10 dividend stocks in FTSE they have been turned upside down and sideways the likes of MNG TW. are down around 20% EVRAZ and POLY FXPO are in meltdown modes I think the biggest risk to PSN share price is that if the Financials companies go down so low that their dividends will overtake PSN which could drain dividend chasers from PSN.

[turvart] 04/3/2022 13:12

Just bought into PSN, not many just 150.

[adejuk] 04/3/2022 09:57

divi must be 12% at this level

[nick100] 04/3/2022 09:41

Persimmon : Jefferies raises target price to 3274p from 3264p

Sadly even these upgrades not helping

[nick100] 04/3/2022 09:41

Persimmon : Jefferies raises target price to 3274p from 3264p

Sadly even these upgrades not helping

[sikhthetech] 03/3/2022 14:53

Avg house prices.

Rightmove £341,019 - Jan 2022



Halifax £276,759 - Jan 2022.



TW £332k - for end 2021.

PSM £330,000 - for end 2021.

RDW £417,000 - for end 2021.


When house prices crash, the asking price sees the biggest falls, as buyers ask for bigger discounts.

New Builds normally command a significant premium(can be 25-30%) over similar existing builds. That premium difference would reduce when house prices fall, so they too should see a bigger fall than the avg existing build.


House prices do not fall at the same rate across the country.

When the housing market crashes, no HB is immune from the crash. Likewise, listed HBs are not immune from stockmarket falls or movements.


Govn support, provided during pandemic, has ended. Repossessions which were stopped during pandemic are legal again.
Around 30k homeowners in severe mortgage debt.
Inflationary pressure, interest rate rises, NI rises, Council tax rises, energy price rises all impact affordability.

[woodhawk] 03/3/2022 14:49

Three divis over next 13 months at great yield. Just added.

[adejuk] 03/3/2022 14:26

thank the lord for the divi
this share price volatility sucks

[woodhawk] 03/3/2022 10:30

Berenberg raises Persimmon price target to 3,440 (3,410) pence - 'buy'

[adejuk] 02/3/2022 08:39

10%
fantastic

[sdt7618] 02/3/2022 08:12

Sikh, was just using the figures drop the OP's example.

But yeah ain't a good look going forward

[mwainw1973] 02/3/2022 07:59

On its way back to 30

[spcecks] 02/3/2022 07:42

Looks good to me.

[karv1] 02/3/2022 07:14

All looks good to me the train keeps going with that 10% dividend. Target 4 to 7% growth for 2022 against 2021 numbers. Landbank 80k+ or 4.6 years all looks good, let us hope that the market agrees.

[sikhthetech] 01/3/2022 15:38

sdt,
"the 5% RPI"

That's not the case.

RPI is around 8% not 5%. CPI is around 5%.
RPI is the highest since early 1990s.

[adejuk] 01/3/2022 14:40

we need ukrainians here, now.
wake up truss

[roguetraderuk] 28/2/2022 14:47

yes id say it will be a massive help in poland. over the past few years there has been a large influx of ukranians from the eastern side, but after covid a lot went back and wages rocketed. a million willing and able workers will help key a cap on wages which have already started to soften. the germans will also benefit.

[plat hunter] 28/2/2022 12:49

Well that's Europe's worker shortage problem sorted. We're going to need some more houses for all the Ukrainians too

[sdt7618] 28/2/2022 12:30

reading the above id say it would be 7.75

the 5% RPI, plus the 1 percent addition and then the 1.75 base rate.


Guess when this was all put in place the RPI was low and there wasn't the expectation of high inflation pressure hence the reasonable 1.75 base rate.

But even at the Bank of England action rate of 2% then the rate would be 4.75.

[bldm] 26/2/2022 09:34

A quick question and I'd appreciate feedback. I cannot work out what the interest rate on the government's help to buy scheme will be after year 6. Just want to understand what happens to the borrowers with the inflation we're seeing.

The confusion comes on how the interest is calculated. The first five years, there is no interest. Then:

"After the interest-free years, you’ll be charged 1.75% on the outstanding amount as interest. This fee will increase each year by RPI plus 1%"

What does "increase each year by RPI + 1%" mean? Is this (1.75*(1+RPI) + 1) or (1.75 + RPI + 1)?

For example, if RPI is 5%, would year 7 be 1.75*1.05+1=2.8375 or would it be 1.75+5+1=7.75? I would think it is the former (2.8375) but there were a few comments here suggesting it's the latter (7.75). See comment on 06/2/2022 @ 20:52 which suggests that the calculation is for the higher number.