Persimmon Share Discussion Threads

[beckers2008] 30/10/2023 17:01

sT,

Your not a numb-nut like Sikhthetech, or are you one of the same village idiot, lol!

Currently PSN is valued the same as during the darkest days of Covid in lockdown, government's not knowing the end game, no vaccines on the horizon and all building sites closed with no visibility of earnings.

Now PSN is in a far better place as we all are, but the share price does not reflect that.

[sunshine today] 30/10/2023 16:53

If they were more affordable today and you were the market leader, your shares would be at an all time high .

In fact they keep hitting new lows

[beckers2008] 30/10/2023 16:49

"Except the average rate over the last 50 years has been over 6.25%"

I take it the village idiot means the BoE base rate as it does get confused with the bank to bank lending rate!

The last peak in house prices in September 2007, the BoE base rate was 6%. So in real terms it is houses are more affordable today than in 2007. Some say the current BoE interest rate cycle has peaked.

BoE base rate at 6%?
Absolutely no chance.

[sunshine today] 30/10/2023 16:31

AdamB197830 Oct '23 - 15:34 - 4815 of 4817
0 0 0
Thats 3 times now which PSN has bounced when its dropped down to the 960-980 range

BoE decision this week might help if, alongside the almost certain 'hold' decision, we get a move in the voting decision. Last time it was 5 vs 4 in favour of hold. If we get say a 7 vs 2 or something like that, it might make the world realise that interest rate hikes are in the past

/////////////

Except the average rate over the last 50 years has been over 6.25%


AND

Bond prices are going UP not down.

[beckers2008] 30/10/2023 16:21

Sikhthetech,

Are you feeling well, your latest post is the first non-negative post you have written for over 5 years!

Tell me, when is the house price crash coming, 40% peak to trough?

I'll tell you what has crashed, your beloved TLY. Your only down over 85%, lol!

Are you trying to be credible...Too late for that, lol, just lol!

[sikhthetech] 30/10/2023 16:08

PSN due to report TU next week, Tues 7th Nov.

Then Autumn budget 2 weeks later, 22nd Nov.

[adamb1978] 30/10/2023 15:34

Thats 3 times now which PSN has bounced when its dropped down to the 960-980 range

BoE decision this week might help if, alongside the almost certain 'hold' decision, we get a move in the voting decision. Last time it was 5 vs 4 in favour of hold. If we get say a 7 vs 2 or something like that, it might make the world realise that interest rate hikes are in the past

[beckers2008] 30/10/2023 15:08

Sikhthetech,

"In 2007, there was freedom of movement from EU, so thousands were still entering the UK"

In the last two years, with no freedom of movement, the ONS figures state that the Net migration figure is 1,606,000. Puts your thousands as pretty irrelevant.

Tell me, when is the house price crash coming, 40% peak to trough?

I'll tell you what has crashed, your beloved TLY. Your only down over 85%, lol!

Your not credible.

[sikhthetech] 30/10/2023 13:03

In 2007, there was freedom of movement from EU, so thousands were still entering the UK.

Yet it didn't stop the property crash.

[beckers2008] 30/10/2023 10:25

K,

Why?

According to HM Land Registry, the average sold house price at the peak in September 2007 was £190,032. However, as of August 2023 that figure is £291,044.

Why, in real terms using the Bank of England inflation calculator, the August 2023 figure should be £305,180,41.

So in real terms houses are more affordable than in September 2007 when the BOE Base Rate was 6%.

[kreature] 30/10/2023 09:41

Those skilled workers might want to consider renting until house prices stop falling ?

[beckers2008] 30/10/2023 09:28

As I have alluded to, more demand pressure, outstripping supply.

Telegraph
Charles Hymas, HOME AFFAIRS EDITOR
29 October 2023

Foreign worker visas are set to double in the next five years as people are recruited to take skilled jobs in occupations with shortages, such as social care, internal Home Office estimates show.

The number of in-country visas granted to foreign skilled workers is expected to rise from 204,000 in 2023/24 to 584,000 in 2028/29, according to the Home Office projections.

That is on top of a further 200,000 skilled workers visas granted to applicants coming into the UK in 2028/29, a similar number to the 205,000 in 2023/24. That would mean an overall annual increase in foreign skilled workers from 409,000 to 784,000.

[dan_the_epic] 30/10/2023 09:03

Back above £10. Shorters totally perplexed lol

[kreature] 28/10/2023 02:23

Nice one. So reduce the non selling house by 10k and hide the reduction, then add an identical house at the original higher price to make the cheaper one somehow seem like a comparably good buy ? I like it

[beckers2008] 27/10/2023 18:55

b59,

Many thanks, lol, just lol!

[blue59] 27/10/2023 15:39

Beckers2008 can join him!

[beckers2008] 27/10/2023 12:56

v1,

And way to much drivel from trolls whom have been predicting a house price crash for over 5 years, all the while losing over 85% one their only investment, priceless!

[viscount1] 27/10/2023 10:36

Way too much hate on this forum for those who take a contrarian position on the stock.

I am long PSN but I like to hear views other than my own.

[blue59] 27/10/2023 10:22

bones699 - filtered

[garycook] 27/10/2023 06:56

bones, Many more on AFVDN !!!

[bones699] 27/10/2023 06:44

Sikthetech

How's your ubber sub 6p Totally Cr@p Plc doing on your premium BB you set up to ramp for over a decade you complete loser!

[beckers2008] 26/10/2023 12:13

Especially for Sikhthetech, from TW. BB, wouldn't want you to miss it.

Lloyds the UK’s biggest mortgage lender said it expects house prices to decline by 4.7% this year and by 2.4% in 2024, before recovering slightly by 2.3% in 2025.

Sikhthetech,
Tell me, when are house prices going to crash 40% peak to trough?

Lloyds’ chief financial officer, William Chalmers, said he believes the Bank of England’s base rate will peak at 5.25%, rather than the previously expected 5.5%.

I told the trolls that here months ago, lol!
BoE base rate at 6%?
Absolutely no chance.

Sikhthetech,
I see your ramped TLY is 6p on the bid, lol!
You are an embarrassment, lol, just lol!