Persimmon Share Discussion Threads

[adg] 01/3/2023 11:31

Some utter tools come out to play when a big drop occurs here - it’s comical
Sad pathetic gimptards
With buying and tucking away - will double your money in a few years, but alas the children who come out to play have the patience and attention span of an amoeba

[sunshine today] 01/3/2023 11:10

Umm, chart looks sicker than a pig.

You buy house builders at the bottom of the cycle ( not the top ).

[adamb1978] 01/3/2023 11:09

t-trader

The dividend cut should be taken positively in that the board are clearly very comfortable with the balance sheet otherwise they've had cut it more - the yield is still high so they could have easily taken it down further, but didnt.

Thats also the real difference with 2008 - balance sheets in the sector are far stronger

Adam

[scepticalinvestor] 01/3/2023 10:57

Sunshine where you at dog?Whenever you turn up the share price rockets up after

[sundance13] 01/3/2023 10:57

Pretty strong chart support around that £12 mark also, so agree limited downside from here but substantial upside on 2-3 year basis as economy improves.

[t-trader] 01/3/2023 10:55

As a long term investor, I’m happy to keep holding these.

Was expecting a 50% divi cut, rather than 75%…..so bit disappointed but still cash in the bank for the company and a 4.5% yield for me, so may see increased payouts further down the line as and when the housing market improves.

At the current price, I see these as fair value presently with majority of bad news being already priced in.

[sunshine today] 01/3/2023 10:49

10 Gilt is roaring back up towards 4% then 5%.

[adamb1978] 01/3/2023 10:47

Belatedly read through the RNS.

It read quite pessimistically however market forecasts for 2023 already have EBITDA falling by 46% so a huge amount is already priced in and its trading on around 12x PE. These uber-cyclicals trough (in terms of share price) when PE peaks and vice-versa.

So personally I'm comfortable with holding PSN. Economic data is improving (retail sales data, PMI, consumer confidence etc), inflation is coming down and we're nearing the end of the interest rate raising cycle

I think if you're holding this on a more than 12 month basis, you're fine

[tlobs2] 01/3/2023 10:44

Eh Jugears, don't be winding Sikh up. LOL :-)

[jugears] 01/3/2023 10:37

Considering all the hb's have been saying for months that volumes will fall this year & the markets have been well aware of this, todays fall is a bit of an over reaction, another couple of months & these will be back to £14.50 just as a trading stock, any good new & this will be sky rocketing, hopefully pick some more up tomorrow once TW. report, IMO this was a very very cautious & pessimistic trading update but exceptionally good news for long term investors like me.

[smurfy2001] 01/3/2023 09:38

Man's new £345,000 Persimmon home plagued by mould, leaks and unfinished work

hTtps://www.walesonline.co.uk/news/uk-news/mans-new-345000-persimmon-home-26204271

[jswjsw] 01/3/2023 09:34

I would be surprised to seee price clawback today.
If you add up their margin reduction prediction it comes to 1300 bps. That is huge.

IMHO these are a sell even after today's drop.
J

[gswredland] 01/3/2023 09:25

Agree Uty. Happening a lot with shares. look at tpk yesterday

[sundance13] 01/3/2023 09:23

Assume you're either short or looking for a bargain entry price or both?

[utyinv] 01/3/2023 09:20

This is the trend these days. On results day the shyster hedge funds depress the market so they can panic people into selling, buying back cheap shares.

Wouldn’t surprise me if the current 135p fall is clawed back by the end of the day. AIMO :)

First day of spring today and in a couple of weeks the weather will change for the better allowing civil works to accelerate. A rising population and much in need of housing will benefit house builders.

Long term buy ?

[sunshine today] 01/3/2023 09:01

Agreed , the bulls need to look back at past property crashes.

Chasing yield is highly dangerous in Any sector.

The only cost under a house builders control, is land.

Hence look for a big hit on that front within 18 months.

[stockhunters] 01/3/2023 08:55

and it is not as easy as waiting for rates to go down

[scepticalinvestor] 01/3/2023 08:41

Haha already priced in