Persimmon Share Discussion Threads

[kreature] 12/3/2024 08:46

Not sure who would buy shares in UK house builders? Profits down more than 50%, and it’s raining

[stevensupertrader] 12/3/2024 08:35

Definitely under £13 today . 2023 result as expected but 2024 home sales completed between 10000 to 10500 , not much of an improvement and that is worrying - this shows PSN CEO & Board know how challenging the environment out there , normally CEO would give a higher home sales completion say 20% or 25% but they too have not much confidence in the current stage out there .

[kreature] 12/3/2024 08:30

It’s what the market thinks that counts, tbf. Oh dear

[winner31] 12/3/2024 08:29

If divi is maintained , at these prices that’ll be 4.5% yield ,not to bad in my book .

[kreature] 12/3/2024 08:28

Revenue from the sale of new private housing down by a third

[jaf1948] 12/3/2024 08:25

kreature 12 Mar '24 - 07:53 'Far worse than I thought. Now what ?'

If the results are far worse than you thought, it shows how little you knew about Persimmon.

[stevensupertrader] 12/3/2024 08:22

If dividend was maintained (60p) in 2024 - yield is undef 4.5% at current share price below the FT100 average. My view iis why shareholders. Buy PSN , must as well sell PSN and nice to Taylor Wimpey or BDEV giving much higher yield - no brainer

[kreature] 12/3/2024 08:22

My god, net cash more than halved

[bountyhunter] 12/3/2024 08:02

Dividend maintained:

For 2023, the Board proposes a final dividend of 40p per share to be paid on 12 July 2024 to shareholders on the register at 21 June 2024, following shareholder approval at the AGM. This dividend is in addition to the interim dividend of 20p per share, paid in November 2023, to give a total dividend per share of 60p in respect of financial year 2023.

The Board's intention is to at least maintain the 2023 dividend per share in 2024, with a view to growing this over time as market conditions permit.

[kreature] 12/3/2024 08:00

Profits more than halve, my god. Everything is fine tho I’m sure

[stevensupertrader] 12/3/2024 08:00

2023 result was as expected but 2024 going forward not at all brilliant - 2023 has gone and in history , everyone is looking 2924 and 2034 is definitely challenging to say the least

[tialouise] 12/3/2024 07:59

Persimmons has no debt....

[tialouise] 12/3/2024 07:57

Put the kettle on , the results are exactly as expected ..........

[stevensupertrader] 12/3/2024 07:53

Anyone knows what is the debt in 2023 and 2022 ? Increase or decrease - Nothing mentioned ?

[kreature] 12/3/2024 07:53

Far worse than I thought. Now what ?

[stevensupertrader] 12/3/2024 07:49

Completed sales of homes were 9929 in 2023 and forecast 2024 of between 10000 to 10500
- so not much improvement in total home sales .Don’t expect dividend to be increased in 2024

[beckers2008] 12/3/2024 07:48

""Kreature - 10 Nov 2023 - 08:25:58 - 4893 of 4916
Well I'm shorting the lot PSN, BWY, RDW""

Oh ffs, lol, just lol!

[stevensupertrader] 12/3/2024 07:30

Almost everything is down more than 50% , final div sane as last year 60p.
PSN said 2024 would be challenging due to interest rate not coming down fast and General Election .

[utyinv] 12/3/2024 07:28

Profits half of what was reported last year. £351.8 million vs £750.7 million last year.

40p final divi

British homebuilder Persimmon (PSN.L) said on Tuesday market conditions were expected to remain subdued throughout this year and near-term outlook remained "uncertain", after it reported an about 52% slump in 2023 profit, missing the market view.

[sikhthetech] 11/3/2024 14:57

Fy results tomorrow.

[kreature] 11/3/2024 10:41

Well done for spotting I can’t guarantee the future. However I can see the present and what MPs are calling fleecehold scamming on new-build housing estates