Persimmon Share Discussion Threads

[wall street trader] 14/6/2023 15:09

we have seen the bottom today am sure - dipped my tow in

[beckers2008] 14/6/2023 11:16

'Sikhthetech' opinion is not credible as it's opinion has been proven wrong for 5 years, lol, just lol!

[tiltonboy] 14/6/2023 10:45

sikh,

It was more in relation to the performance v HB in general. Bellway have bounced well from the lows and are flat over a year. PSN have just been a shocker!

[pander45] 14/6/2023 09:17

Short sighted. What will change is the mortgage market and attitudes towards purchasing. We've had it good for ages with 25 year mortgages, longer mortgages will become the norm, people will always want their own home, they will pay lower for longer to get it and just adapt. The mortgage market will drive this.

[mike24] 14/6/2023 08:29

can't understand why builders were upgraded mon/12
tough times ahead, decent recovery 4/5yrs away
dyor

[adamb1978] 14/6/2023 07:43

The thing about the pay growth data yesterday is that most commentary around it ignores the 9.7% increase in minimum wage in April.

There's probably also a bunch of others who are close to the minimum wage and who's salaries would have been influenced by that large increase.

Need to see what the broader inflation data next week says

[tiltonboy] 14/6/2023 07:03

Any particular reason why this one has materially underperformed over the last year or so. Been a shocker since the new CEO went in

[encarter] 13/6/2023 17:35

End of June.

[gswredland] 13/6/2023 15:44

1000 share price at end of summer?

[beckers2008] 13/6/2023 15:17

Falling UK Unemployment & Rising Wage Growth
08:27, 13th June 2023
(RTTNews) - The surprise decline in the UK unemployment rate and strong growth in average earnings in the three months to April reflect the tightness of the labor market, data from the Office for National Statistics revealed Tuesday.

The jobless rate fell to 3.8 percent in the three months to April from 3.9 percent in the preceding period, while it was forecast to rise to 4.0 percent.

Average earnings including bonuses increased 6.5 percent on a yearly basis, which was much faster than the expected 6.1 percent increase.

Excluding bonus, earnings posted a 7.2 percent annual increase compared to the forecast of 6.9 percent. The ONS said this was the largest growth rate seen outside of the coronavirus pandemic.

In the three months to April, the employment rate rose to 76.0 percent. Employment increased to a record high with increases in both the number of employees as well as self-employed workers.

In May, payroll employment registered a monthly increase of 23,000 to 30.0 million.

The number of vacancies fell 79,000 on the quarter to 1.05 million in March to May. Vacancies decreased for the eleventh consecutive period as economic pressures held back recruitment.

There are rumours that the government will be introducing an even more generous help to buy scheme. Expect a rabbit out of the hat soon!

[porsche1945] 13/6/2023 14:54

You mean that aaxxhole jugears who buys into builders stocks at the start of a 7/8 year property recession and a period of parabolic interest rate rises….haha230;they might not fall 40 but defo 25…..and builders shares will get cut in half again from here. What a bunch of fkin 🤡🤡🤡’s.

[beckers2008] 13/6/2023 12:20

The village idiot Sikhthetech is talking BS again, lol!

I remember Jugs ripped it a new one when it was talking house prices falling 40% peak to trough, lol!

When is it going to be correct, lol!

Did house prices crash as the village idiot predicted in...
2018? No
2019? No
2020? No
2021? No
2022? No

Did the village idiot beloved TLY fall over 30% in a single day, oh Yes, lol!

Sikhthetech, the village idiot is not credible, lol, just lol!

[sikhthetech] 13/6/2023 10:59

EI,

"Buying in 2012, with the housing market recovery underway, a 500% plus capital gain was available, plus dividends."


Except that housing market recovery isn't currently underway
Look at Bellway's update.


There you go, demand slowing and HB premiums falling. On top of house price falls, rising mortgage rates, affordability problems. All as predicted.



Bellway reservations sink 25% and housebuilder warns of further slowdown as rising interest rates bite
Smaller forward order book of £1.7bn, compared with £2.4bn a year ago
On track to build 11,000 homes over the year to July, 200 less than in 2022
Average selling prices to drop to £300,000, compared to £314,400


"Bellway has warned of a further housebuilding slowdown as fresh rises in mortgage rates, fewer available loans and high inflation dampen demand for new homes.

The FTSE 250 housebuilder reported a 25 per cent drop in reservations in the four months to the start of June compared to the same period last year, while cancellations also ticked up slightly."





sikhthetech - 07 Oct 2022 - 14:31:19 - 10336 of 13726
During GFC I predicted 40% falls in property prices, peak to trough, in some areas. Asking prices fall the biggest amount. New builds usually command a premium which would be significantly reduced or disappear in a housing crash.
I'm expecting similar this time.

[beckers2008] 09/6/2023 11:32

P45,

Not Brexit again, lol, just lol!

[porsche1945] 09/6/2023 09:37

How is this dogshxt still over 12 quid? Rates should be going up three more times this year, recession plus rising unemployment, love it, back to 2007/8 housing cycle. Should see the real falls this autumn, charts for builders looking exactly like 08. Great short, altho pretty much anything listed in brexit basket case doomed U.K. is a short haha.

[beckers2008] 08/6/2023 17:18

I see the troll Sikhthetech is trolling over on CRST today, lol!

When is the village idiot going to admit it was wrong in the following years.
2018
2019
2020
2021
2022

Did it admit it made a wrong call being long on it's beloved TLY after losing 30%+ in a day, of course not, lol, just lol!

[sikhthetech] 08/6/2023 12:30

CRST reported H1 this morning.

Statement not good.

Sector newsflow as expected.

Demand falling, as predicted.
Help to Buy ended.
Cost of living crisis.

"fears of another major adjustment in house prices" from CRST CEO.


From crst rns:

"The housing market is undoubtedly experiencing softer demand than the previous year. As we emerged from the restrictive impacts of the pandemic, home movers were searching for more space and were encouraged by the temporary cut in stamp duty. However, by the end of 2022 the sector was facing the start of a succession of interest rate rises to combat inflation, with peak rates forecast to reach their highest level in over 20 years. This was accompanied by the end of the Help to Buy scheme and a general deterioration in economic confidence driven by a cost-of-living crisis and fears of another major adjustment in house prices."

[scobak] 07/6/2023 19:03

Sorry. I was one of the few PIs at the agm. We were nearly outnumbered by the bod.
I know what was said both at the formal and to me at the informal part. However I must be wrong so sorry. Won't post anymore.

[time 2 retire] 07/6/2023 16:05

Only another 39% fall needed, then you can say I told you so!! 😴

[sikhthetech] 07/6/2023 11:30

There you go, Halifax follows Nationwide and says 1st annual fall in 11yrs.
Housing/sector newsflow, as expected.


House prices in first annual fall for 11 years, says the Halifax

"House prices have fallen by 1% compared with a year ago - the first such drop since 2012, according to the UK's largest mortgage lender.

The Halifax, part of Lloyds Banking Group, said typical house prices in May were down £3,000 on a year ago, and £7,500 lower than their peak in August.

The lender, which itself is raising its mortgage rates, said higher borrowing costs were hitting "confidence"."

"This will inevitably impact confidence in the housing market as both buyers and sellers adjust their expectations," said Kim Kinnaird, director of Halifax Mortgages, who added that housing demand was cooling.

"Therefore further downward pressure on house prices is still expected."


"Rival lender the Nationwide has recorded a deeper fall in house prices, according to its data. It said a week ago that property values were down in the year to May by 3.4%, the biggest decline for 14 years."

[sikhthetech] 07/6/2023 11:29

I wouldn't buy a share solely based on the dividend, especially where the sector is in a downturn.

The dividend should be regarded as a bonus.

[sdt7618] 07/6/2023 07:49

scobak, that's true, but imho they were referring to the financial year of 22, of which the final divi was the 60p paid recently. We are now in a new year.

Maybe am wrong, maybe am right. But in the long run wtf does it really matter who's right or wrong on an online forum as long as your comfortable with your investment.