Persimmon Share Discussion Threads

[sikhthetech] 03/1/2023 21:20

winner31,


If homes were selling fast then they wouldn't be making these kind of offers, would they?.
It's desperation to attract homebuyers, which would happen if sales were slowing/falling.

It's certainly doesn't replace the 20% (40% in London) interest free loan via the Help to Buy scheme, which closed to new applications at end of October.
around 20% of PSN completions used the scheme, which is a huge number.


from their Nov TU:
"Help-to-Buy has now closed for new applications, and was utilised on c. 20% of completions in the year to date. We believe, however, that our unique value proposition will provide an enduring strength in an uncertain market, as our lower average selling price combined with the cost advantage of new homes' c. 30% energy efficiency premium above existing housing stock, prove attractive. In addition, our new, experienced Head of Sales has already completed a detailed review of our sales processes and is putting in place new systems to enhance the service offered, capitalise on new opportunities and reduce risks."

[beckers2008] 03/1/2023 17:43

And now the village idiot Sikhthetech is in its 5th year of repeating the same out BS, lol!

The share price of PSN has fallen by over 50%, it's more than priced in.

Did house prices crash in the last 4 years plus that the village idiot said they would?
No, lol!

Will it admit it called it wrong from way back in October 2018?
No, lol!

Is Sikhthetech the village idiot being wrong for over 4 years?
Oh yes, lol!

Now what was the average UK house price in October 2018 compared to October 2022?
Significantly lower, lol, just lol!

[sikhthetech] 03/1/2023 17:28

These are some of the forecasts by property experts for this year.

Lloyds house prices to fall 8%, worst case 18%
Capital Economics house prices to crash 12%
Credit Suisse house prices to crash 15%
Natwest house price falls 7%
Nationwide house price crash 10-15%

[onehanded] 03/1/2023 08:35

looks like bottom was hit, £15 target. Buy now and wait for recovery. Inflation due to fall in the next 6 months, interest rate rise slowing and topped out after next rise. Mortgage rates already pricing in lower rate. Looks like a buy to me. I see a few so called experts have this as a buy over the xmas / new year period and starting to increase their position. We will see....

[sikhthetech] 02/1/2023 18:59

Happy New Year to all genuine posters.

HBs report updates in couple of weeks.

I don't believe all challenges are factored in to the share price The updates should give a clue as to where HBs see themselves and the their view on outlook.


Housing newsflow continues as expected.. why house prices will nosedive.


Why house prices will nosedive in 2023 – and how far they will fall
Property experts predict a plunge as buyers are priced out and sellers panic

[uu4] 25/12/2022 01:41

Many yearth ago the bankers decendeth on the great place and complainth greatly that their greed wasth not rewarded. They reacheth out for guidance. One memberth receiveth he said a message that they shouldth socially isolateth good debtors and sayeth they werth rotteneth and seizeth their assets. But alas it came to pass all such avenues hadth been exhausted. Then another stood up wailing and covereth his head. I have heardth great wisdom he did presseth upon them. We are to goethe from here and loseth untold talents and then maketh the people payeth us it backth for long durationths until we are bonus fulfilleth eternaleth.
They were abouteth to run fromth that great place and teareth through the via but one remindeth the throng that the bbcth mayth reporteth what had materialeth. One other extolleth the great prince of adelaideth to appear before them. A great wise figure appeared and informeth the gathering that he had empowereth himself only to reporteth on matters he wanted and noneth other and did bleweth a raspberry to his sideth . Wise jeffreyth and wise DJeth did rush to kneel and prostate themselves before him and promiseth kissing his sandals that they would forthwith awardth themselves off scalth undeserveth bonuseths. As quick as he had appeared prince adelaideth was gone, many marvelling of his greath age.
The throng were now much impressioned and invigorateth, promising to continueth their great work. If anyone complaineth about the great works duly cancelleth by their deeds they would have no followers and no newspapereths.
Some now in ecstatic high on highest hoped for a vision from the mighty wise Tonyeth or even the crowd favourite cameroneth whoth some said was a forthrighth dimwitteth but others agreedth that a lord had cloaketh him in it to hide his greath knowledge.
And so it came to pass the people were greatly put upon and empoverished.
Let us pray

[uu4] 25/12/2022 01:07

Misuse public funds

[brucethegoldfish] 23/12/2022 15:35

Happy Christmas to all posters, including Sikhthetech!

All boards need a sense of balance and STT certainly provides that to offset over optimism.

Happy holidays!

[sikhthetech] 23/12/2022 12:55

Market now closed for Christmas.


Merry Christmas to all genuine posters.

Have a good one.

;-)

[sikhthetech] 22/12/2022 23:19

Thanks to Sunshine Today...
The H2B equity scheme was toxic - PPI mk2. The taxpayer could face £25bln bill...ouch..

Homeowners using the scheme would pay interest based on CPI. And what happened to that..oh it's shot up... Homeowners would struggle with significantly higher interest rates.

As it's an equity loan, the principal amount went up with the house prices..

PPI MK2.. as expected..
;-)


sunshine Today22 Dec '22 - 14:24 - 27882 of 27895

sikhthetech, congratulations on posting this months ago, now out in the open.


The potential loss to U.K. tax payers is staggering and getting larger by the day.

To put in prospective this is 3 times the amount that nearly broke the government 3 months ago.

[sikhthetech] 21/12/2022 21:44

There you go, buyers holding off waiting to take advantage of lower prices.
More discretionary buyers prepared to bide their time over the next 1-2 years!!!..

"Some 77% of Savills agents agree that there has been a marked increase in the number of buyers coming through their doors looking to take advantage of expected lower house prices next year."

"more discretionary buyers equally committed to moving but happy to bide their time over the next 12-24 months, to ensure that they get the right home at the right price."

[brucethegoldfish] 20/12/2022 18:44

Let me guess Sikh…

“Watch the demand fall and supply increase”.

:)

[sikhthetech] 20/12/2022 18:35

House prices to edge lower by 5% in 2023: Nationwide

Nationwide says it will be hard for the market to regain momentum in 2023 with economic headwinds set to strengthen.





No Help to buy
Buyers holding off until interest rates fall.
Increase in homeowners in severe mortgage debt/repossessions

[sikhthetech] 18/12/2022 20:15

HBs updates are due in about a month.

H2B ended to new applications at end of Oct, mortgage interest rate rises, affordability at crisis point...

Completions will still be ongoing for orders already taken. The last 3 months of sales, cancellations will be the interesting points.

Consequences of H2B ending and the delay in buying by potential buyers waiting for interest rates to come down should have a negative impact on housing market.

[kop202] 15/12/2022 08:53

Sikh....to give a bit of variety to your posts ...instead of .." there you go". . ..... . how about Voila!

[brucie5] 14/12/2022 14:50

sunshine Today14 Dec '22 - 05:25 - 3886 of 3888
0 1 0
Brucie5

You buy house builders at the bottom of a recession/ Depression.

Not just as the savage fall begins.
------------------------------------------------------------------
Thanks - I think I already knew this - which is why I don't currently hold, albeit the price is down 60%. And why your advice would perhaps have been apposite in summer 2021, rather than December 2022?
Unless you know otherwise. In which case, how much further is this going down?

[onehanded] 14/12/2022 09:23

yup buy builders at the top of the inflation curve, as today and EU / USA shows inflation has curved out and expect slow but steady decline of inflation in the next 6 months. YES interest rates have 1 more rise but after that will again see a slow decline in them. When to buy these will be a matter of timing BUT at these levels not much decline in share price is likely, and expect £15 to be hit sometime in the next 4-5 months. Larger institutes will be looking to build a stake at the start of next year. No massive daily jump but a steady rise expected. Could provide a buying opportunity post next interest rise...

[sunshine today] 14/12/2022 05:25

Brucie5

You buy house builders at the bottom of a recession/ Depression.

Not just as the savage fall begins.

[sikhthetech] 13/12/2022 20:50

There you go...huge increase in homeowners in severe mortgage debt expected..


Millions face £250 monthly mortgage rise next year

"The rising cost would cause severe financial difficulties for another 220,000 households, the Bank said."




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

[warranty] 13/12/2022 18:55

Very poor trading statement from SPR yesterday but basically illustrating what’s probably to come South of the border as well. I don’t for a minute think all of the negatives are factored into the HBs at the moment so I think it’s going to be a very tough 12 to 24 months to come. Certainly better sectors to be in for now.