Persimmon Share Discussion Threads

[brucie5] 24/1/2023 16:21

"On connait la chanson", as they say in French.

[sikhthetech] 24/1/2023 16:16

As expected, property chains collapsing.
More homes falling through and chains collapsing.



Property chains fall apart as market slumps
High mortgage rates and fears of a recession are haunting property buyers


"The number of buyers pulling out of property sales and collapsed chains has risen sharply over the past three months, as high mortgage rates and fears of a recession haunt the property market.

New data shows that fall-throughs hit one of the highest rates since the financial crisis, as thousands more buyers chose to terminate sales that had been agreed."

https://www.telegraph.co.uk/property/buy/property-chains-fall-apart-market-slumps/

[sikhthetech] 24/1/2023 16:16

brucie..lol

[brucie5] 23/1/2023 14:12

Bought some back. C'mon, Sikh, do your worst!
;)

[philanderer] 23/1/2023 14:01

23rd jan Jefferies 'hold' tp 1469p

[bookbroker] 22/1/2023 20:27

Mystic Meg!

[winner31] 22/1/2023 16:42

Thank you Clause , should see some movement upwards this week .

[clausentum] 22/1/2023 10:17

Tipped by Questor in DT.

[abudhabi123] 17/1/2023 12:43

https://www.bbc.co.uk/news/uk-england-wiltshire-64263949.amp

[adukeofkent] 16/1/2023 15:11

Are we not above the 100 day EMA for the first time in a year?

[winner31] 16/1/2023 14:00

No market crash , .................. In London, housebuilder stocks were in the green, boosted by news that, after two months of falls, the average asking price for a house in the UK rose by 0.9% in January.

Taylor Wimpey was up 2.0%, Barratt Developments was up 1.2%, and Persimmon was 1.0% higher.

[sikhthetech] 15/1/2023 19:49

The Help to Buy scheme closed to new applications at end of Oct, so just over 2 months ago.

The HBs will be busy trying to complete those asap and any other homes so to complete before buyers/lenders change their minds.

PSN have said around 20% of reservations used the Help to Buy scheme and they are trying to offer other incentives. That's a good indicator of how desperate HBs are to try and sell.

The outlook is dire.


All HBs share price move in sync.

Don't take my word for it, check the share price for yourselves.

You'll also notice that the share price rise on the day of TUs but fall a day or so later...

Look at the share price last year, rose 14th to 18th Jan 2022 when HBs announced TUs.. PSN rose to around 2600p then all HBs fell back soon after.

[kop202] 14/1/2023 18:02

I know an electrician who primarily works on Persimmon sites in the Midlands. He said Persimmon are mothballing all there sites. I certainly get the impression that HB' s are conserving cash and waiting till the spring before considering building again.Of course demand never really goes away. and will come back with a vengeance when the time is right

[sikhthetech] 12/1/2023 17:47

trader
"my PSN buys in the 1200’s are all in profit, sold a few into this rise today"

Well done. As I said 'Best to trade... whilst keeping your feet on the ground'



sikhthetech - 03 Oct 2022 - 21:56:38 - 3548 of 3978
US ended up 2.7% so UK should follow through tomorrow.

There's uncertainty in the housing market, as well as fears over recession..More and more media are reporting housing market crash.


Best to trade during these volatile times whilst keeping your feet on the ground...

[trader465] 12/1/2023 16:19

The pessimism is overdone, buy when there’s blood on the streets, my PSN buys in the 1200’s are all in profit, sold a few into this rise today but will run the highest percentage gaining positions in expectation of further gains.

2008 was the end of the world and the end of the dollar as reserve currency, those of us who bought the market at the highs of media pessimism made 100’s of percent, no different now.

[beckers2008] 12/1/2023 16:06

Market certainly pleased with PSN update.
Market has underestimated house builders resilience and strong balance sheets.
Negative sentiment here could be abating.

[sikhthetech] 12/1/2023 15:35

Don't take my word for it, check the share price for yourselves...

All HBs share price move in sync.
You'll also notice that the share price rise on the day of TUs but fall a day or so later...

Look at the share price last year, rose 14th to 18th Jan 2022 when HBs announced TUs.. PSN rose to around 2600p then all HBs fell back soon after.

Check the share price for yourselves.


Oh even then Jugears was saying all HBs are "oversold and undervalued" with PSN around 2600p!!!!!

Check his posts on TW.. lol


https://uk.advfn.com/cmn/fbb/thread.php3?id=33939864&from=5265#firstpost


Best to trade

[jugears] 12/1/2023 14:09

Persimmon commented that sales had fallen more in the last weeks which is a very odd figure to quote, iv'e just asked a friend about this & he said that sales are always lacking in December & January & that people don't tend to buy houses just before Christmas, so what point were psn trying to make when that is the Norm?, even my estate agent friend say that they struggle to get people through the door in December & early January.

Sikh Don't forget that all the hb's mentioned last year that they were planning to ramp up production this year & open additional sites, can't blame them for holding off

[woodhawk] 12/1/2023 13:41

US Inflation still falling, should be good for share prices going forward.

[sikhthetech] 12/1/2023 13:26

Persimmon pauses start on 30 sites as sales fall


House builder Persimmon has renegotiated or paused starts on 30 sites amid fast-deteriorating sales

https://www.constructionenquirer.com/2023/01/12/persimmon-pauses-the-start-of-around-30-sites/

[jugears] 12/1/2023 13:18

Sikh I sold easyjet at 3.80 having banked a 59p profit how can I be down,I'm quite happy with that, I may buy more if we see £3 which is what they are worth if not move on, but I'm sure it wont be long until the profit takers move in, too many daily swings for my liking.

Oh & I never short any shares & never have that really is a mugs game!

[sikhthetech] 12/1/2023 12:57

sceptical,

Last week, I said 'Best to trade hyped sectors'..
Backing myself.

I also said EZJ has better prospects than PSN, whilst Jugears was shorting them with 300p target... look at EZJ now...

Feel free to load up and hold for that 3000p...



sikhthetech - 05 Jan 2023 - 11:04:55 - 3917 of 3969 PERSIMMON PLC - THE CHARTS -
As I said best to trade hyped sectors... The TU over next couple of weeks...

[scepticalinvestor] 12/1/2023 12:46

No sign of sunshine, surprise, surprise lol