Persimmon Share Discussion Threads

[this_is_me] 02/3/2023 13:04

I'm surprised that sikh is able to post today after TLY's RNS totally destroyed him.

[sikhthetech] 02/3/2023 12:35

TW's results confirms how uncertain the outlook is.

They had 12% of buyers using the Help to Buy scheme.

HB share price tend to rise on results day but they haven't this time.

HBs need to preserve cash given the uncertainty.



Jugears,

I certainly don't do what you do. Otherwise I would have been loading up on TW at 180p whereas I backed my own research.

Obviously you'll want posters to buy TW, given you're significantly under.

[jugears] 02/3/2023 09:54

jo, I think both Tw & psn offer great future prospects, It doesn't take long to recover from a housing down turn, both have been overly cautious imo, with even less houses being built I don't see house price falling much before heading much higher than we have seen, Sikh wont be posting he will be trading, he knows like me when hes on to a good thing!

[jo2362] 02/3/2023 09:13

@Jugears, to be honest, many HBs are undervalued right now. I think with PSN they have been extremely cautious, very possible though that they will over deliver! The 60p dividend is likely to increase fairly rapidly as the clouds disperse, at that point, this share will fly!!

[jugears] 02/3/2023 08:57

Yes it is a good price to buy at,as with Tw expectations of falling sales & profits are firmly embedded in the price & see no reason why this shouldn't rise again although I do think there is a lot more upside in Tw share price.

[jo2362] 02/3/2023 08:56

@Neonboy, yes please sell if you have any left so I can scoop them up!! The housing market is collapsing, the media is ramping it up 🤣😂😂, sell sell sell!!

[scepticalinvestor] 02/3/2023 08:27

Great opp to buy now imo

[ukneonboy] 02/3/2023 08:22

That chart looks absolutely fantastic................. for all the SHORT-SELLERS !!!

[jo2362] 02/3/2023 05:36

Record numbers coming into the country, shortage of housing with many waiting on the sidelines to jump in, this narrative will change, the best time to buy is now!! Yes it might drop a bit more but in my opinion, this is a very good entry point, don't miss the boat like many did with Tesla, Netflix, Meta the list goes on..... the current price has all the bad news priced in, sentiment will turn! Meanwhile, collect the 4.6% Div! Ta very much

[pander45] 01/3/2023 21:47

Totally, simple rules of supply and demand. The lower end of the market is especially doing very well, very short supply. The housing market will always be supported in the uk, it's too pivotal to the whole economy. It could never be allowed to fail and it won't.

[jugears] 01/3/2023 21:42

Hardly a profit warning, far to early to predict & was expected since last update, basically the share price has been manipulated down & will be manipulated back up, here is a thought for you,in nearly 50 years investing I have noticed that share that pay small dividends tend to have larger share prices.

[shadowfall] 01/3/2023 21:23

SKEPPY did you get your Persimmon chart upside down again just like you did with the Boohoo chart ??

Mistaking another PEAK for a TROUGH........................ lol

[ukneonboy] 01/3/2023 21:16

ANOTHER ONE OF SCEPTICAL INVESTOR'S DUD "BUY" RECOMMENDATIONS !!!
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Shares in UK housebuilders fell after a profit warning from Persimmon, which said it was hit by a spike in mortgage rates.

The company said completions would likely be down "markedly" in the current year, which would hit both margin and profits.

Persimmon tumbled 12.05%, while Taylor Wimpey lost 4.1%, Barratt Developments was off 4.18%, Berkeley Group slipped 2.05%, Redrow was down 3.36%, and Bellway was behind by 3.61%.

Falling property prices and rising costs means profits are being squeezed and that will cause earnings in the sector to slump.

Persimmon has already tweaked its dividend policy in preparation for a housing market downturn and now it provides a crystal-clear message that profit margins are set to fall which will invariably lead to a decline in profits.

[jugears] 01/3/2023 20:32

Oh & reposeetions are not on the increase so not sure where you get your information? even Lloyd's said fewer people are defaulting than they expected.
There is still very few house coming to the market & now we are going to see fewer houses being built that will only push prices up even further in the future. hb's have plenty of land bought & paid for, whybuild houses now when you can sell them for a lot more in a few years.

[sikhthetech] 01/3/2023 19:53

This is what happened to PSN/TW share price during the GFC 15yrs ago.

If the housing market follows similar pattern then expect the HB share price to drop again.

The share price shown here are just a guide showing how HB share price don't just fall the once.

Budget in 2 weeks and BoE interest rate decision week after.

Help to Buy ending is the long term concern.


From 2007 to 2008 - GFC

Psn
05/07 1400p
05/08 600p
12/08 200p

TW
05/07 500p
05/08 125p
12/08 8p

[jo2362] 01/3/2023 16:50

&Porche, silly boy, go back to your demo trading!! 😂😂

[jugears] 01/3/2023 16:35

sikh, people take time to adjust, this is an absolute bargain imo, just waiting for Tw to report tomorrow so I can double my investment here because it wont be long until these are as usual manipulated back up being a trading stock!

[porsche1945] 01/3/2023 16:01

Tlobs2 appears, if that moronic brexit retard knuckle dragger and Easyjet investor thinks buying persimmon at the start of a multi year housing cycle downturn ( usual housing cycle 7/8 years ) you really know you are in trouble haha. Iv been right about most of these, HL crashing, the airlines, my Aston Martin six figure profit short from 16.80 to .54…kerching… The builders will be back at 2008-2016 pricing level for shares, forget cash buffers, they will burn through those in 6 months. The U.K. is fxcked in almost every level including sterling heading towards parity with euro and usd. A great short tho. By mid 2024 expect these at sub 6 quid and forget any dividends, more likely cash raises.

[sikhthetech] 01/3/2023 15:19

The significance of losing Help to Buy.

"Persimmon made no detailed comment on Help to Buy today other than to note the ending of the scheme “means that for the first time in over a decade there is not a significant government scheme to assist first time buyers in place.”

Whatever the rights or wrongs of the scheme its ending could not have come at a worse time for the industry."

https://www.proactiveinvestors.co.uk/companies/news/1007671/persimmon-creaks-as-end-to-help-to-buy-adds-to-sector-woes-1007671.html