Persimmon Share Discussion Threads

[time 2 retire] 11/7/2023 19:48

Sikh, have house prices crashed 40% yet?
Please come back when they have and tell us "I told you so".
Until then please stop posting your usual negative thoughts, people are laughing.......

[sikhthetech] 11/7/2023 19:34

There you go, inflationary pressures continue, higher interest rates leading to higher mortgage rates...

There's still hundreds of thousands coming off fixed rate deals every month and so will face significantly higher mortgage payments.




Mortgage costs have hit the highest level for 15 years after the rate on a two-year fixed deal surpassed the peak in the aftermath of the mini-budget.

The average rate on such a deal is now 6.66% - a level not seen since August 2008 and the financial crisis.

Mortgage rates soar to highest level for 15 years

[scobak] 11/7/2023 09:01

God moves in mysterious ways!

[nemesis6] 10/7/2023 12:32

God youre full of sh1t

[covid 19 deal] 08/7/2023 12:52

450p any time coming here

[covid 19 deal] 08/7/2023 12:52

..seller getting desperate to sell...even excepting extra 15 percent off asking price...buy to let with mortgage is dead ..no way to make money ..another 30 percent coming down on house prices just wait 6 months..7.5 percent for buy to let including fee...game over..on top..you cant evict a bad tenant any more..

[beckers2008] 08/7/2023 08:07

C,
Shorts are closing on HB's, if you were clever you had your chance.

But something tells me your not clever, lol!

I told the trolls over on TW.
If £1.09 fails then expect 99p, not quite 99p close yesterday,but an easy near 10% profit, but either they didn't have the balls or no money, or both, lol, just lol!

[covid 19 deal] 07/7/2023 20:46

Money is safe in savings yielding 6.1 percent

[covid 19 deal] 07/7/2023 20:45

Its one way down hill journey for Uk plc....unfortunately....agreed sell even after 10 percent discount..falling apart few weeks down the line..get ready for demise...worst on its way

[beckers2008] 07/7/2023 14:29

The village idiot 'Sikhthetech' went short in Mid October 2018 and the share price went against it and it got burnt.
It can't stop posting on here and other HB BB's because it is so hurt and so broke, lol!

What was the average house price in October 2018 compared to now?
Significantly less, lol!

Sikhthetech is making a fool of it's self every day it posts, self vindicating it's idiocy, lol!

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

[sikhthetech] 07/7/2023 14:05

Halifax follows on from Nationwide and says house prices fall at fastest rate in 12 yrs.

Avg 2yr fixed rate now 6.54%.
newflow as expected.


House prices fall at fastest rate in 12 years, says Halifax

"The figures from the Halifax come as financial firm Moneyfacts released data on Friday showing the average two-year fixed rate mortgage had climbed to 6.54%, a slight increase on the previous day."

[gibbs1] 07/7/2023 06:43

A stock market rally is coming! I’m buying FTSE 100 stocks while they’re still cheap

FTSE 100 stocks are sliding at the moment and I’m keen to buy them cheaply before they rally, rather than afterwards.
Harvey Jones❯
@HarveyJ49631067
Published 7 July, 5:50 am BST



It seems odd talking about a market rally while FTSE 100 stocks are sliding rather than rising, but that’s how these things work. When buying shares, what matters isn’t how the market is doing today, but where it’s going tomorrow.

UK shares are unloved right now. After spiking to an all-time high of just over 8,000 in February, the FTSE 100 has retreated to around 7,365. That’s disappointing, and the UK’s lack of exposure to tech stocks is partly to blame, because the sector is booming again.
Getting ready for the rally

New York’s Nasdaq is up a third this year, with valuations driven to dizzying highs by the hype around artificial intelligence (AI). Sadly, we don’t have a home-grown version of chip-maker Nvidia, but the FTSE 100 does contain companies that are exposed to the red-hot AI trend. Analytics specialist RELX is up 17.27% measured over one year, while accounting software specialist Sage Group is up 42.42%.

The index contains its share of high fliers in other sectors. Rolls-Royce is the best performer on the index measured over 12 months, soaring 89.44%. Flutter Entertainment is up 87.61% over the same period, with 3i Group up 70.96% and Centrica up 61.91%.

Inevitably, it contains losers too, with housebuilder Persimmon down 44.67%, Vodafone falling 42.69% and BT Group down 34.49%.

Overall, performance has been a disappointment, but I see that as an opportunity. I would rather buy dirt-cheap FTSE 100 stocks today than throw money at the overpriced US market, which has probably done too well for its own good.

As AJ Bell recently pointed out the S&P 500’s market-cap is near an all-time high, relative to the rest of the world. The last time this happened, it started underperforming as tech valuations proved unsustainable. Almost unnoticed, the process has begun, it says.

While I’m as dazzled by Apple, Nvidia, Tesla and the other big tech stars, I don’t think now is the time to buy them. The opposite looks true with my favourite FTSE 100 shares.



Am I brave enough to buy?

Barclays, for example, now trades at just 4.9 times earnings, yielding 4.83%. Paper and packaging group Smurfit Kappa Group is on sale at seven times earnings and yields 4.49%. Housebuilder Taylor Wimpey is dirt cheap trading at 5.4 times earnings, while the yield is a dizzying 9.2%.

All three have been brought low by concerns over the UK economy, as inflation proves sticky and the outlook remains downbeat. Individually, Barclays was knocked by the banking crisis, Smurfit Kappa by higher costs and cash-strapped online shoppers, and Taylor Wimpey by house price crash fears.

The strong pound has also weighed on the FTSE 100, as companies on the index generate more than three quarters of their revenues overseas. These are now worth less money when converted back into sterling.

While stock market performance is unpredictable, the FTSE 100 should rally when the Bank of England gets on top of inflation and interest rate expectations retreat. The early stages of a rally are typically the most lucrative.

That’s why I’m buying shares today while they’re struggling and cheap, rather than waiting until they’re flying and a lot more expensive.

Should you invest, the value of your investment may rise or fall and your capital is at risk. Before investing, your individual circumstances should be assessed. Consider taking independent financial advice.

Harvey Jones has positions in Persimmon Plc and Rolls-Royce Plc. The Motley Fool UK has recommended Apple, Barclays Plc, Nvidia, RELX, Sage Group Plc, Tesla, and Vodafone Group Public. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

[glen2580] 06/7/2023 18:00

Wasn't there meant to be a trading statement today?

[jugears] 06/7/2023 17:21

picked upo a load today, far to good an opportunity to miss IMEO,

[covid 19 deal] 06/7/2023 16:31

Uk plc dead...450p on its way...agreed house sell even after 10 percent cut of asking price falling apart...buy to let dead and burried..no way to make profit on btl any more..now you cant even evict a bad tenant...its over..2008 on its way sadly

[waldron] 06/7/2023 13:12

Moving towards support at 936p





Cboe Europe - 15:13:13 06/07/2023


978.50 GBX -3.64%

[sikhthetech] 06/7/2023 10:48

nemesis
"Im in here because i thought there might be a soft landing to housing market becomes more apparent there wont be."

It happens every time. Media, BoE, govn, homeowners, potential buyers tend to be sheep...

The newsflow has been as predicted - similar to GFC.

Where's all the bulls who thought the challenges were already factored into the sp?




sikhthetech - 11 Mar 2023 - 12:54:38 - 4225 of 4479
There you go, makings of GFC mk2.

Anyone who thinks UK is immune to what's happening in US think again.

The newsflow has been as expected.
;-)

sikhthetech - 07 Jul 2022 - 16:22:15 - 2901 of 3086 PERSIMMON PLC
I wouldn't buy any HB at the moment...
Affordability issues still mounting up with energy cap set to rise to around £3000 pa in Oct, inflationary pressures pushing up interest rates.

House prices slowing which happens before a crash..

As with my previous prediction for previous housing crash, I'm expecting house prices to fall around 40%, peak to trough. Not all areas/streets will see the big drops... Asking prices fall the greatest. New builds usually command a premium and that would be reduced significantly during a crash.

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.

[porsche1945] 06/7/2023 09:05

Oh, and jugears you web toed peasant, 1945 is a door code for my house in France haha not my bday, I was born in 1977 you dipsxxt cxnt.

[nemesis6] 06/7/2023 08:29

This country is on its @rse....overpriced housing money going to boat people and loafers and scum like Thames water.
Im in here because i thought there might be a soft landing to housing market becomes more apparent there wont be.
Pension decimated wish id never heard of the stock market or the useless bl00dy tories.

JUP Vod PSN Barc even bp. and real crud like cgo and BT.a....omg

[covid 19 deal] 06/7/2023 07:56

450 p on its way...most of agreed sell even after 10 percent discount falling apart..buy to let dead..7.5 percent interest rate..not profitable at all...its dead awaiting burial...slow death

[porsche1945] 05/7/2023 19:56

Need this dogshyt to break below a tenner convincingly, once that happens we are nicely on the way to 680…..I now have reset Puts in place expiry July 2024. Need the U.K. to go through the hoop, hopefully having to go to the IMF for a bailout soon, who will demand higher rates and austerity. U.K. brexit….take back control hahahaha….. What would be good is a full on government collapse like Oct last year with poor old Truss. BOE has lost all control, U.K. interest rates could well end up in double figures which would make 30pc house price collapse in 08-2014 period look like nothing. This is now a trading and shorting index only, the U.K. is utterly fxcked.