Persimmon Share Discussion Threads

[sikhthetech] 07/5/2024 16:32

Cupra

"Just to add that I’ve made 4 site visits today across 3 different house builders"
"All were very buoyant on the future and have seen a steady tick up"

So you visited 4 sites pre-lunch, as you've been posting this pm.

Site managers will always tell you that the future is buoyant.
After all did those site managers tell you over the past 2 years that housing market looks uncertain and building has slowed?

[cupra kid] 07/5/2024 16:21

Just to add that I've made 4 site visits today across 3 different house builders (1 Persimmon). All were very buoyant on the future and have seen a steady tick up in sales in recent months. Hopefully PSN will be back towards 2000p within a year. GLA

[sikhthetech] 07/5/2024 16:13

The problem is higher mortgage costs, especially for those thousands coming off fixed 2-5year mortgages and were paying significantly lower rates.

They will filter through slowly. The number of homeowners with severe mortgage debt has also increased, as expected.

The govn has huge debt, as do businesses and individuals.


I think we'll continue to see housing market uncertainty.



Halifax: UK house prices ‘plateauing’ due to rising mortgage rates

The annual spring bounce in UK house prices did not occur in April, according to Halifax. It blamed the Bank of England’s interest rate freeze for the inflation stagnation.

[sikhthetech] 07/5/2024 16:03

Cupra,

"The share price is still very very cheap Added"

You were saying they were cheap and adding when the share price was over 2000p 2 years ago!!! Whilst I was posting about the housing market/HB challenges. My stated PSN target price of 1300p-1500p.

The company/sector newsflow has been as expected

Those who shorted and then traded would have done better than those who simply added all the way down.


Cupra Kid22 Jun '22 - 13:03 - 2784 of 5507
Cheaper than chips at the mo. Medium/long term got to be a winner.

[cupra kid] 07/5/2024 14:06

They share price is still very very cheap in my opinion but at circa 1000p they were an absolute steal. Well done to those that took advantage with lots more to come over the next 12-36 months.

[beckers2008] 07/5/2024 11:50

Savills upgrades its UK house price growth forecast

by Property118.com News Team

Property firm Savills has revised its five-year UK house price forecast, predicting a 2.5% increase this year, up from the -3% predicted in November 2023.

The firm says that by the end of 2028, house prices are expected to have grown by 21.6%, exceeding the previous forecast of 17.9%.

Only 21% by YE 28!

But, where is the crash, lol, just lol!

[kennewil] 07/5/2024 08:16

Halifax reporting house price rises again. Pay rises feeding through?

[kreature] 02/5/2024 14:42

Not sure why the gov don’t just hyper inflate the currency, then pay off the national debt with a cabbage or something ?

[beckers2008] 02/5/2024 13:22

Sikhthetech,

You are clueless and have absolutely no idea of how the property market works.

Now, when is your each and every year's (for the last 6 years) house price crash gonna happen?
Lol, just lol!

You are not credible.

[sikhthetech] 02/5/2024 13:14

For those who don't understand the fallout from GFC.

The govn hasn't got money to offer potential homebuyers big schemes like Help to Buy.


Huge debt held by govns.

30th April 2024


"Taxpayer to fork out £85bn to cover Bank of England losses
Taxpayers will cover £85bn of losses made by the Bank of England on its quantitative easing programme which began during the global financial crisis.

Losses are mounting from the £895bn bond-buying scheme carried out between 2009 and 2021, which was designed to support the economy from the worldwide economic malaise triggered by the Lehman Brothers collapse and then the pandemic.

The programme had reduced the Treasury’s budget deficit until 2022 but higher interest rates have reversed that effect.

The Bank of England is in the process of getting the bonds off its books but £704bn of gilts remain.

Quantitative easing will lose about £20bn a year until the early 2030s, according to the latest estimates by the Bank of England, which is equivalent to a third of the defence budget."

[beckers2008] 02/5/2024 10:46

Sikhthetech,

At least 30% pay cash for their properties in the UK and those remaining have less than a 95% LTV ratio.
As your always banging on about an affordability crisis, lol!
Please provide a breakdown of the figures because you seem to imply that you know every individual's debt value, lol!

Now, when is your each and every year's (for the last 6 years) house price crash gonna happen?
Lol, just lol!

[beckers2008] 01/5/2024 14:24

Sikhthetech,

You not 'Joseph Sheedy' liking your own posts, lol!
You like Kreature's posts, are you mates!

When is your house price crash prediction gonna come true, you've been wrong every year for 6 years, lol, just lol!

Your not credible.

[kreature] 30/4/2024 07:05

Wow 0.25% approaching 6% increase is just horrible for the housing market and affordability. How many wish they had used move leverage when rates were much lower

[sikhthetech] 29/4/2024 20:04

Mortgages rates rising again.

The avg for 2yr fiz approaching 6% again.

Three major lenders to raise mortgage rates

[beckers2008] 29/4/2024 09:43

K,

It's my pleasure, lol, just lol!

[kreature] 29/4/2024 09:24

Glad you’re thinking of me so much Becks. Very flattering, thank you

[beckers2008] 29/4/2024 09:11

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

Mug-punter! Lol, just lol!

[uu4] 29/4/2024 06:32

Tax avoiding landlords are out of control
Can't build any cheap clean energy
Can't feed the people
Can't educate the people

Steal all the tax payer money to rescue their own assets,
Steal again by not paying tax back
Steal again by paying themselves '''bonuses''' (halfwits like JF, DJ @PSN follow up)

Masons and Jewish bankers causing trouble worldwide and selling arms to both sides because their religions/beliefs are completely ignorant and brutal and GET US ALL NOWHERE
(But QE2 wasn't she marvvelous)

Masonic/Jewish bankers help preferentially tax avoiding landlords

Lawyers help preferentially tax avoiding landlords (when paid by state had not the intelligence to volunteer pay cuts to reduce strain of austerity taxes on population and economy - but there we are just not very bright but in love with own self importance

[kreature] 29/4/2024 04:37

Not sure where the extra money paid on higher rates to reduce inflation ends up ? Do banks burn it to stop it getting back into the economy ? Or do they just spend it more responsibly than the home owners who earned it ?