Persimmon Share Discussion Threads

[beckers2008] 26/6/2022 22:55

Spawny100,

I can't believe you have been voted down on providing some research on the HB sector!

Could it be that 'Sick' mug punter that doesn't know the difference between the BOE base rate and the bank to bank lending rate, what an idiot, lol, just lol!

[spawny100] 26/6/2022 09:24

Is it any wonder that Blackrock are currently buying up shares in UK housebuilders? All part of the plan "You'll own nothing and be happy".

[claret dragon] 24/6/2022 19:24

The Inflation level has to come down asap to assist now the juice of QE has gone.

Stimulus taken off the table.

BOE of England going kicking and screaming before raising rates but they have to kill inflation.

Chart looks ugly and probably heading for the covid low.

[tradejunkie2] 24/6/2022 19:12

Latest stock tip from Level 4: Carnival (CCL) $5.1bn of customer deposits.

[beckers2008] 23/6/2022 16:13

Sikhthetech,

You don't even know the difference between the BOE base rate and the bank to bank lending rate!! You are a proven fool!

You have Zero credibility and you are an idiot, lol, just lol!

[sikhthetech] 23/6/2022 15:18

I still think there's a lot further to fall...

Housing crash hasn't got going yet but similar noises about supply etc were made before the previous housing market crash of 2007, when I was predicting a 30-40% fall in house prices, peak to trough.



sikhthetech - 06 May 2022 - 15:12:35 - 2691 of 2787 PERSIMMON PLC - THE CHARTS -
There you go, HBs share price still falling..

I'm looking nearer to 1300-1500p as previously mentioned based on my comments...

[spectoacc] 23/6/2022 15:04

They did - that does seem to be behind them.

BKG - Tony Pidgley a big loss.

[essentialinvestor] 23/6/2022 15:03

BKG and Bellway have been the sector stars over the longer term.
hoping Vistry may be a future one. To be fair they badly underperformed as
Bovis in their previous incarnation, but the merger looks to have transformed the business. Let's see though.

[spectoacc] 23/6/2022 14:59

Agree VTY is the one @EI - I'd prefer it to PSN if only it were lower! A better product mix (tho PSN do have the supply chain ownership advantage).

Housing market surely set to struggle, but cheap is cheap :)

[essentialinvestor] 23/6/2022 14:54

spec, not often we see you in optimistic mode, eh ;

Hoping for Vistry closer to £7,50, but not happening atm.

[spectoacc] 23/6/2022 14:44

I'm not optimistic, but I am long :)

Simply a case of believing PSN share price is pricing in far more than what currently looks a worst-case scenario.

[blue59] 23/6/2022 14:26

There is some moronic optimism here!!

[deme1] 23/6/2022 12:43

Just dipped in for £10k

dividend at over 12% - bargain

[encarter] 23/6/2022 12:42

Got a few more. That's the bottom hopefully.

[encarter] 23/6/2022 10:46

Me too couldn't resist. Takes my average to around 20. I don't see a house price crash in the next 12 months so may as well collect the divi even if it sits around this level.

[cupra kid] 23/6/2022 10:16

Added again. Just too cheap not to.

[spectoacc] 23/6/2022 08:12

Under £18? I've cracked, and bought a few. Absolutely it's catching a falling knife, but would likely buy again lower.

Yes, a chunk of the fall is the recent giant divi, and it's broken support. And the outlook is uncertain, and and and. But under £18... PSN isn't going away, even if it goes lower.

Spoilt for choice on deep value atm.

[beckers2008] 22/6/2022 16:25

Cupra Kid,

No doubt he will, if it ever happens, we may have a long wait?
He's trolling big time on the TW. BB and proved himself a fool by not knowing the difference between the BOE base rate and the Bank to Bank lending rate, lol!

[cupra kid] 22/6/2022 15:56

He might get it right one day and no doubt claim all the glory lol

[beckers2008] 22/6/2022 14:39

Sick has been forecasting a house price crash for over 2 years!

He has Zero credibility and he is an idiot, lol, just lol!

[sikhthetech] 22/6/2022 13:59

"Negative equity - unlikely to see that again"

Of course negative equity will happen.

I heard similar so called positive noises before the previous crash... "It won't happen", "it'll only be 5%" etc..

Currently homebuyers are using help to buy or taking high ltv mortgages. When prices crash significantly, they will be in negative equity.



Too many believe house prices won't crash or hope prices don't crash because it's their biggest investment (their home) and they don't want to feel poorer. It's the mindset..

Watch the supply increase and the demand decrease...


sikhthetech20 Feb '22 - 15:26 - 5884 of 5899 Edit
<...>

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.

[spcecks] 22/6/2022 13:38

Also added agree Cupar Kid long term winner and great dividend.

[cupra kid] 22/6/2022 13:03

Cheaper than chips at the mo. Medium/long term got to be a winner. Added

[johnrxx99] 22/6/2022 10:31

Stamp duty was a blip. The '88 to '93 crash was totally due to tax changes. I recall that when I moved in 1993, I sold to a young couple who had bought their flat at 50k and sold at 20k. I bought at 200k on an original listing at 350k. I had done well career-wise in the interim.

Negative equity - unlikely to see that again