Persimmon Share Discussion Threads

[pander45] 12/3/2024 09:42

Essentially correct. At last common sense.

[ymaheru] 12/3/2024 09:36

The reason to buy soon is that you’ll get 4.5% divs and not too much downside.

I agree with most comments here. Interest rates matter, though really mortgage finance. Mortgage rates and fees for investors need some easing, but even a small drop (0.5%) and fees closer to £1000-2000 will help a fair bit.

Medium term, with immigration etc, demand is strong enough.
Longer term, it’s even stronger.

As soon as outlook starts to improve, share price rises, so you want to get in before mortgage affordability improves.

[pander45] 12/3/2024 09:35

Because I am an investor with a long term outlook, not a short term trader.

[kreature] 12/3/2024 09:28

‘ Finally, on behalf of the whole Board I would like to thank our colleagues, subcontractors and suppliers for their hard work and determination through challenging market conditions in 2023. ‘

and I want to thank the shareholders

[kreature] 12/3/2024 09:27

Only intended ?

‘ 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. ‘

[stevensupertrader] 12/3/2024 09:17

As you said maybe next year ? So why would anyone buy PSN now , even yield is not brilliant - there are many other Ft100 shares paying 9% or more currently such as BATS, IMB, PHNX , VOD , ABDN , - why buy PSN now just paying half - just a no brainer 😂

[uhound] 12/3/2024 09:04

Interest rates are what's stopping house sales - simple.

People can't afford mortgages for properties now at 5%+ interest.

Prices are to high.

Once rates drop to maybe 3.5% then off we go again. When will that be? Next year perhaps?

[kreature] 12/3/2024 09:01

Agreed, nothing to see here…

‘ we are prepared for 2024 to be another challenging year ‘

[stevensupertrader] 12/3/2024 08:56

More selling outlets in 2024 but home sales completions not much more - in short more costs to get almost the same home completion.
Not a good sign 😞

[kreature] 12/3/2024 08:50

‘ the near-term outlook remains uncertain “

‘ market conditions are expected to remain subdued throughout 2024’

Oh

[kreature] 12/3/2024 08:50

Perhaps the outlook is ok though? I”ll check. Oh

[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