Persimmon Share Discussion Threads

[smurfy2001] 10/2/2023 11:39

For all the proud share holders here..

[sikhthetech] 09/2/2023 12:13

as expected, Help to Buy and elevated mortgages decreased private reservations.

In Bellways TU, private reservations decreased by 43.8%.

PSN reported around 20% of their private reservations used H2B.

Best to trade HBs.



From Bellway TU

"However, the overall reservation rate reduced by 31.7% due to weaker private demand, the forward order book also dropped to 5,108 homes (2022 - 6,628 homes)."

"Elevated mortgage rates and the end of Help-to-Buy have contributed to a 43.8% decrease in the private reservation rate to 91 per week (2022 - 162)."

[brucie5] 08/2/2023 12:38

Looking like a bowl - to 18000 or even 2000. If the dividend is only cut like BDEV, then the income still makes this a standout, surely. Balance sheet exceptional.

[winner31] 08/2/2023 12:08

Great results from Bdev today , only 9% cut in divi , take note psn BODs

[beckers2008] 05/2/2023 22:21

The village idiot 'Sikhthetech' is yet again proving it's self... A village idiot, as well as coping and pasting the usual BS for over 4 years, it doesn't realalise that the HB sector share price action mimics the FSTE 250 (UK PLC) not the largely currency dependent FTSE 100.

OMG, is 'Sikhthetech' a child, lol, just lol!

[sikhthetech] 05/2/2023 21:33

Help to Buy scheme, which allowed FTBs to get an interest free equity loan of 20%(40% in London) ended to new applications at end of Oct.

HBs originally had until end of Dec to complete but that was extended until March, next month. The fear was hundreds of FTBs would have been forced to cancel as the homes were not completed.

HBs made hundreds of millions from the scheme.


Then what? There's no scheme which gives FTBs 20% interest free loan.

PSN said around 20% of their reservations used the scheme, which is a huge chunk.


This is why HBs are likely to be busy right now. Homes being completed in a hurry to complete before 17th March, 6 weeks from now, otherwise hundreds of purchases would have fallen through. How many corners will be cut to complete the property?



Government extends Help to Buy build deadline again


"The government has extended the deadline on its Help to Buy scheme and given builders an additional six weeks to finish off homes."


"The decision, which could save hundreds of new first-time buyers’ purchases from falling through, means developers will now have until 17 March to get the new build homes complete. "

[sikhthetech] 05/2/2023 21:25

brucethegoldfish
"Would love to know from Sikh what he thinks is driving that?"

Trading. As I said in my post a year ago, HBs will move in line with stockmarket movements.
All HBs are moving in sync, it's not just PSN.


Look at Easyjet, mentioned on here and up 90% in 3 months!
Or Currys up around 20% since last month.

Best to trade hyped sectors.


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

[mingo6] 03/2/2023 14:28

All the rise in interest rate is doing is increasing the demand for lower end housing up therefore if the supply is not keeping up the demand then this will push up prices in this sector of the market. Persimmons and other housebuilders if they focused on the affordable market sector they may reap the awards. Yes I agree that the larger higher end properties circa £400k plus (outside London) will see a big downturn, I personally don't see all the doom and gloom in relation to the housing market

[pottsypotts] 03/2/2023 13:51

Delayed reaction to the rate announcement or is the bear market rally running out of steamWhat's peoples thoughts on the stability of Persimmons dividend ( albeit at a lower yield)

[kanwar] 03/2/2023 13:51

USA economy too hot.

[brucie5] 02/2/2023 18:38

Well this has recovered nicely. I figured 1600 to 1800 on the chart. Maybe happen more quickly than I thought.

[brucethegoldfish] 02/2/2023 18:04

PSN up 30% since it’s recent lows.

Would love to know from Sikh what he thinks is driving that?

[winner31] 02/2/2023 17:52

That seems to have shut him up for a while 😁

[beckers2008] 02/2/2023 12:51

Bank of England Base Rate hits 4%

by Neil Patterson

12:24 PM, 2nd February 2023, About 10 minutes ago

The Bank of England Monetary Policy Committee (MPC) today voted by a majority of 7–2 to increase the Base Rate by a further 0.5% to a post credit crisis high of 4%. The two dissenting members voted to freeze the rate at 3.5%.

The US Federal Reserve yesterday increased its rate by only 0.25%, so this may strengthen Sterling in the currency markets and further weaken imported inflation.

With current inflation still running well above the 2% target at 10.5% the Bank of England predicts rates to level out at 4.5% by the middle of the year and fall back to 3.25% in the next three years.

Inflation is likely to have peaked
The Bank of England summary reported: “Global consumer price inflation remains high, although it is likely to have peaked across many advanced economies, including in the United Kingdom. Wholesale gas prices have fallen recently and global supply chain disruption appears to have eased amid a slowing in global demand.”

Although most major economies’ central banks are still tightening monetary policy the inflationary outlook would indicate that this will ease off in the coming year further reducing the need to shore up Sterling by increasing domestic rates.

Interest rates are expected to start to bite after lag period
The Bank goes on to report: “UK domestic inflationary pressures have been firmer than expected. Both private sector regular pay growth and services CPI inflation have been notably higher than forecast in the November Monetary Policy Report. The labour market remains tight by historical standards, although it has started to loosen and some survey indicators of wage growth have eased, alongside a gradual decline in underlying output. Given the lags in monetary policy transmission, the increases in Bank Rate since December 2021 are expected to have an increasing impact on the economy in the coming quarters.”

Certainly, this would indicate the markets have stabilised after the Truss Premiership and that predictions of 6% plus interest appear for now to be off the table.

BOE base rate at 6%?
Absolutely no chance.

[shanig] 02/2/2023 12:50

Knock the very high inflation rate out of our everyday lives has to be the priority plus the gradual weaning off cheap money will all help going forward.

[sikhthetech] 02/2/2023 12:38

BoE puts up base rates to 4%.

That's another £30-£50 per month added to mortgage payments for those not on fixed rate, making affordability even worse.


Thousands coming off previous fixed rates will also need to find hundreds extra every month.

[beckers2008] 01/2/2023 20:38

s,

A busy BB is sometimes a red flag to II's, but as 'Sikhthetech' is endlessly copying and pasting BS, it is getting laughed at.

PSN share price is recovering and forming a base where any reasonable sector news will provide a caterlyst.

GL.

[scobak] 01/2/2023 20:11

This has become (tediously)the 'Sikhthetech' thread.
I would certainly like a different serious thread which is about Persimmon.
Unfortunately for months I have clicked on this thread and zapped straight to the bottom having seen the main 'contributor'. I had thought this would have blown out by now but looks like it will persist so I must reluctantly vent my views.

[beckers2008] 01/2/2023 16:46

w31,

Don't engage with the trolling village idiot 'Sikhthetech', it has made predictions for over 4 years and has been proven wrong by the resilient housing market year after year, lol!

Not sure why it's here, it must have lost big time when it started trolling here in October 2018, lol, just lol!

[winner31] 01/2/2023 16:38

Don’t know what your saying but i’m Sure it’s very interesting. yawn

[sikhthetech] 01/2/2023 15:37

winner

How many buyers have delayed buying a home and so HBs lost in those 4 months?

Hundreds of millions of pounds of lost revenue.

Given Help to Buy ended only 3 months ago and it provided 20%(40% in London) of interest free equity loan, would fixed rates at 3.99% help those who now need to find the extra deposit?

[winner31] 01/2/2023 15:20

The first fixed rate home buying mortgage for buying a home to be priced at below 4% in more than four months was launched today in the latest sign that borrowing rates are slowly “normalising&#8221; after the sudden Autumn spike.
The ten year deal with an interest rate of 3.99% from Virgin Money will be seen as an important psychological milestone for borrowers reeling from the surge in borrowing costs over the past year. It is only available to buyers with a deposit of 25% and there are significant penalties for early repayment.

[sikhthetech] 30/1/2023 23:05

With housing sales slowing and prices falling, it's not a good time to be asking developers to fix unsafe buildings.

PSN 1st HB to confirm their intention to sign up.



Six weeks for developers to sign contract to fix unsafe buildings.

Contract requires developers to fix buildings and reimburse taxpayers, with an estimated £2 billion expected to be committed to fund repairs.