Persimmon Share Discussion Threads

[uu4] 23/2/2023 00:25

Why did QE11 , lovely person, fully support bailing out her property assets at expense of rational on time domestic energy build by GOV.
Why is Fred Goodwin not walking streets looking for coins
Why were his fellow directors always rumoured to be ' good fellows ' to be voted in by flocks of shareholders given no real choice.
Does Fred help or has helped Gordon or Tony?
What is the oh so respectable Masonic club saying about their bankers stealing trillions from the tax payer and then paying themselves bonuses...
Any comment or it's all need to know hish hush
The answer to world problems at moment as I modelled in 2003, is to crack on and build the required energy so people can have a life and an opportunity.
The thing not to do is Nothing and think there could ever be a military solution.
You have the model already that people with reasonable security have sustainable no of offspring and are more productive.
If this doesn't happen fights will break out and people will be forced join sides just to earn basic food/wages and there is risk whole generation is wasted. This happened WW1 when I have always suspected the establishment didn't provide what was needed.
The answer is to immediately begin the energy build using the assets of tax avoiders, whoever they are or were and the bankrupting of all those who partook in the illegal corrupt self awarded dictator type bonuses and of course their return plus fines and interest to Revenue Officers and so Gov.
Of course DC and GO were on board the fraud against tax payers also ( just to be clear)

[adamb1978] 22/2/2023 15:26

I bought into PSN today. UK economic data has been coming out more positively in the last couple weeks and I believe we're past the point of maximum pessimism...and with that max pessimism more than built into the price.

The time to buy these sectors is when the PE is high, and based on 2023 current forecast earnings, its smoething like 12x is high for the sector.

Share price hasnt been sustainably at these levels for over 7 years, and overlaying the chart on the fundamentals, the 50 DMA is turning and the 100 day will do so soon too.

Investing isnt a perfect science and a series of bets, and it feels like there is more upside than downside here.

[viscount1] 22/2/2023 14:54

House prices look very weak in 2023, probably falling in nominal and definitely in real terms. Can't be a good story for householders without some sort of government intervention, but I don't the Tories can really face up to building more because it politically controversial in so many of their constituencies.

[kop202] 20/2/2023 17:14

I can remember back in the 70's when we had a period of high inflation...... my pay was linked to the inflation index. .... Those were days! Now..... inflation 10% people get 4 - 5% pay rise if there lucky. Working people are just getting screwed ...... housing becoming more and more unaffordable... About time the Tories gave up on distorting the market and faced reality..... intervene and build more houses!! ... We did it in the 60's...new towns, slum clearances....

[karv1] 20/2/2023 13:18

I agree with you sikhthetech the market is weak and an average 30.9% return from capital they might lose 5%, maybe it will knock off 100m of the profits unless they were able to raise the build rate by 5%. but then you look at the 50% drop in share price and what a long-term bargain.

[karv1] 20/2/2023 11:52

From BBC The average asking price for a UK home rose by just £14 between January and February, according to property website Rightmove - the lowest increase since its records began in 2001.
I would say other than the government's own site Rightmove is the next best guide to prices as nearly everything appears there. So far everything is doing great when you take everything into account. A slow down yes but not unexpected, falling off the cliff nope not even close, and inflation many are saying has peaked.

[yossarian1975] 20/2/2023 10:29

Still waiting for that house price crash... and btw, a 10% fall, if it happens, would be a correction. Not a crash. All listed housebuilders including PSN massively undervalued. DYOR etc

[uu4] 13/2/2023 23:06

Nuremberg Trial Required re theft of tax payer funds by tax avoiding property establishment to rescue their own asset prices and then to pay themselves crooked off scale bonuses.
We start with the premise that my generation would have built the cheap domestic energy infrastructure and it would now be ticking over quietly and nobody, nobody in the country would be paying higher bills.
We now examine what corrupt actions happened and why.
We examine the corrupt bonuses paid on back of this theft from tax payer by FTSE 100 directors to themselves, who supposedly didn't understand where the extra money ( hair) was coming from
We examine and interview all those who paid themselves these bonuses.
We examine why the media didn't report the will of the people to build sensible infrastructure.
We examine the political system and how it appears to be the optimum
structure that allows 'perfect crime' against tax payers ie A select few, tax avoiders and property owners themselves vote to rescue their own assets and those of their friends and then say people elected them to do it, without of course explaining anything honestly.After they make the stupid decisions they are retired quickly to grass and soon, their friends hope ,forgotten.
We examine why nobody in establishment thought it was their role to contribute to a timely solution to energy crisis by ie speaking out, organising energy sector domestic investment, TAKING pay cuts if paid by GOV in order to help GOV prepare a rational budget for works..
We examine links between military and intelligence to tax avoiding networks and whether they have acted to empower these over my generations lifetime and how the former hope to personally benefit. Whether they are cuckoo enough to believe that not giving the base a solid energy supply was a correct strategic decision (I don't bloody care who you know! Truth is truth).
We examine the likelihood that all the political figures in our country during my generations time came to understand from the outset of their careers that they would primarily serve tax avoiders and that here real influence and primary power originated. They were themselves from tax avoiding or property ownership backgrounds before taking up politics or ended their careers joining these circles.

[mwainw1973] 13/2/2023 15:20

ADVFN showing an RNS today but it's dated 12th Jan?

[cupra kid] 12/2/2023 16:18

Smurfy, how many people do you think go running to the media when they're happy with their new home? It doesn't take a rocket scientist to suggest the media will only report on the negative stories which there will be some for every house builder.

[smurfy2001] 10/2/2023 11:39

For all the proud share holders here..

https://www.dailymail.co.uk/news/article-11735499/Familys-dream-345k-home-new-build-nightmare-moving-riddled-mould.html

[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)."


https://uk.advfn.com/stock-market/london/bellway-BWY/share-news/Bellway-PLC-Trading-Update/90183864

[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. "

https://www.insidehousing.co.uk/news/news/government-extends-help-to-buy-build-deadline-again-80041

[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.