Persimmon Share Discussion Threads

[sunshine today] 25/10/2023 15:40

“Naturally, another cut can’t be ruled out. However, the 6.1% forecast yield is currently expected to be covered roughly 1.4 times by profit. Obviously, any change to this as a result of November’s statement and confidence would be hit (again).”


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Yes it will, and again, when the string of profits warnings runs on through 2024, - 2040

[sunshine today] 25/10/2023 13:03

The builder needs to cover stamp duty plus 15% off minimum if your buying this week

[kreature] 25/10/2023 12:36

But at the end of the day do you really want a timber frame house, when you can get a block frame house from Bellway Or TW etc ?

[dan_the_epic] 25/10/2023 12:35

Sikh are you retired? How comes you can spend so long on here all day every day?

[sikhthetech] 25/10/2023 12:20

With major affordability problems, Help to Buy ending, interest rates to remain high for longer, there's likely to be ghost developments. When that occurs HBs have to reduce prices and/or increase incentives. Either reduces margins.

I think we'll see more divi cuts here.

[kreature] 25/10/2023 12:17

You don’t know house sold prices for Aug 2023
The accurate data lags 6 to 9 months via land registry
But if you visit new builds sites you will see that they are struggling, hence the reductions in prices, and hence the insensitives offered to buy, and hence houses being completed with no buyer, and hence houses standing unsold since April

[pander45] 25/10/2023 12:02

Someone is seriously accumulating here. Morning drop followed by afternoon recovery.

[sikhthetech] 25/10/2023 11:47

House prices predicted to continue falling for some years yet.

10% is a crash.


UK house prices will not stop falling until 2025, Lloyds predicts

"Those forecasts, which were released alongside its third-quarter financial results on Wednesday, suggest UK house prices will have dropped 11% from their peak last year, when the market was still being fuelled by a rush for larger homes in the wake of the coronavirus pandemic."


"It came as Lloyds warned that its own finances were being squeezed, as it started to pay out higher interest rates to its savers"
"It omes amid tough competition, which has forced lenders to start to reduce costly mortgage rates, while paying out more for deposits, as savers increasingly shop around for more lucrative returns."

[sikhthetech] 25/10/2023 11:44

ymaheru,

Thank you.

I've been investing for 40years. I invest in different asset classes, inc property.


This poster's reply on MKS thread to Beckers2008(who was ramping PSN on there) says it all about my house price crash predictions and PSN. This was when the share price was at 1344p, around 30% higher. No wonder Beckers is desperate, bitter and full of BS and lies.

[ymaheru] 25/10/2023 09:11

We’re still bashing Sikhthetech?

I remember when STT was predicting the price would fall below 1400p and eve Bettine was saying how crazy that was.

Anyway, I don’t think STT could’ve predicted this huge inflation.

In the past when you have inflation, house prices will fall close to 40% but only in real terms. So, on the ground agents here are saying prices have dropped over 10%, but inflation has been about 20% compounded over last 3 years, so there’s an argument prices have fallen 20%+ already.

STT might not be that far off.

[sunshine today] 25/10/2023 08:43

Looking at the chart I should think both.

[blue59] 25/10/2023 08:36

'Thats a bad fall.'
Are you referring to this morning's or the last two year's?

[sunshine today] 25/10/2023 08:21

Investors don’t seem to understand when sales dry up you’re in big trouble no matter how much cash you have.

That cash literally disappears, paying the daily standard business overhead, PLUS all the added extra costs.

Very painful very quick.

[blueball] 25/10/2023 08:14

Thats a bad fall.

[sunshine today] 25/10/2023 07:42

New day, new low

Notice the ten plus year trend

[sunshine today] 25/10/2023 07:23

Looks like those chasing yield here, have yet again been burnt, and about to be cooked

[sunshine today] 25/10/2023 06:41

Any house buyer shipbuilding bash 20% off just to cover the risk of falling prices over the next 18 months.

Unfortunately it does not give protection after that as prices return to 3X income over the longer term