Persimmon Share Discussion Threads

[kreature] 12/3/2024 12:35

Cupra Kid12 Mar '24 - 12:24 - 5397 of 5398
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Let’s all sell our shares because you’ve highlighted one issue with one house. Dear oh dear.

———;-

Looks like it’s at probably least 80% of UK new build estates infected with fleecehold deeds according to MPs. Best place for fleeceholds is UK I guess where most buyers prob won’t even look at the deeds ?

[nemesis6] 12/3/2024 12:31

I didnt say that!1 i work for a netwrok and i havent heard one single good story about them....if you think that pr 1k was worth 100 mill bonus then ???

[cupra kid] 12/3/2024 12:24

Let's all sell our shares because you've highlighted one issue with one house. Dear oh dear.

[kreature] 12/3/2024 11:07

Title deeds TP1 might be infested with rats too. Best check

[ymaheru] 12/3/2024 11:06

Stevenssupertrader, they still put pressure on housing market, and that’s positive for the market.

[nemesis6] 12/3/2024 11:01

yeah my MIL has a persimmon house in wales....with rat infestation PSN supposed to be sorting it as its only 5 yrs old.....bunch of utter cowboys...remember the interview with the previous chief exec embarrassed about his 100 mill bonus....so he should be i wouldnt p155 on them if they were on fire

[stevensupertrader] 12/3/2024 10:40

I didn’t say immigrants cannot afford to buy , I said MOST IMMIGRANTS renting not buying .

[stevensupertrader] 12/3/2024 10:37

I’m still a shareholder of PSN too and I bought PSN few years back at over £25 and I did average down a few times and even bought some at over £10 but still more wound is bleeding . Dividend was excellent a decade ago but not the last few years . I don’t run down PSN for nothing , I am just stating the fact

[ymaheru] 12/3/2024 10:35

Stevenssupertrader, plenty of immigrants can afford to buy.

I have tenants now, both immigrant doctors, that are looking (but don’t seem to be in a hurry). They see new build as less stress.

However, bigger investors also buy new build and they can pick and choose when to invest, similar to me I suppose. New build is quick and renting them is eeeasy, so far less hassle for busy people. I’m also not buying unless rates ease. Happy to save my pennies and buy when I don’t lose my first year profit in fees.

[stevensupertrader] 12/3/2024 10:26

Why one dimensional ? This is the true fact that house builders like PSN in the past benefited from Buy to Let but not in the last few years as one can see the share price fell from over £27 to now half

[pander45] 12/3/2024 10:09

One dimensional, self serving analysis. I'd get back in if I were you.

[stevensupertrader] 12/3/2024 10:01

Most Immigrants cannot afford to buy but rent however as Govt legislation kills off buy - to let . I cannot see PSN can recover till 2026 even mortgage interest rate comes down another 1.5% as unemployment is rising and wage growth is slowing fast . The past 10 years, all house builders like PSN benefited from the generous buy yo let scheme and many went to buy properties with the view to rent using the Buy yo Let loan scheme as saving interest rate was almost paying nothing and many used their pension saving to buy so they could have a nicer retirement . However , the past few years. Govt curbs buy to let and many buy to let owners are selling up . House builders were struggling to sell due to the Buy to Let has collapsed .

[pander45] 12/3/2024 09:58

I'll check in a few years pal, when I can be bothered.

[kreature] 12/3/2024 09:50

Wow, 4.5% intended divi. And what about the capital ?

[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 😞