Persimmon Share Discussion Threads

[factsandfigures] 04/3/2023 09:03

Persimmon warns of falling sales with home completions to slump to only 8,500 in 2023
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Dean Finch, Persimmon Chief Executive, warned that the sales rates seen over the last five months meant completions would be ‘markedly̵7; DOWN this year

He added that lower completions combined with increased sales and marketing costs and a background of building cost inflation running at 8% would have a SIGNIFICANT impact on profit margins in the year ahead.

Financial performance last year was knocked by an exceptional charge of £275 Million to cover safety retrofit costs, including removing and replacing dangerous cladding.

Finch also pledged to start remediation works on another 31 buildings requiring safety improvements before the end of 2023.

The house builder said it expects to have to spend at least £350 Million retrofitting buildings and had started or completed 42 schemes so far with the remainder due to get underway before the end of 2023.

[beckers2008] 04/3/2023 00:19

Ahhh, look, I have got a thumbs down vote! In so little time, lol!

[beckers2008] 03/3/2023 22:06

Oh look, Shadowfall, the trolling shorter has responded within 30 minutes on a Friday night, lol!

Oh this is going to be soooo easy, lol, just lol!

[shadowfall] 03/3/2023 20:57

We're still very confident that the FED will increase to 6%, the BoE will increase to 5% and the ECB will increase to 4%

That is great news for us, and for our CFD spread bets, but its definitely NOT good news for Housebuilders and for all you LOSERS !!!

[beckers2008] 03/3/2023 20:25

jo2362,

Dissents dead cat bounce graph is evidence that it doesn't know what it's talking about, there is no 3rd one from mid October, lol!

The greedy troll should have closed then, lol, just lol!

[dissentingvoices] 03/3/2023 20:14

jo2362

How does that saying go - IF YOU CANT STAND THE HEAT - GET OUT OF THE KITCHEN !!

[jo2362] 03/3/2023 17:12

@m0g I personally feel ashamed to have brought myself down to the level of these shorters who feel can call people losers and rejoice in bringing to their attention how much money genuine holders are losing etc! Today I felt enough was enough and was up for taking on these keyboard warriors, though, I realise I could be putting my time to better use. I won't be commenting here anymore, one final thought before I shut the imaginary door, in a year or 2 when the clouds disperse, those buying now will, most likely, be sitting on double the initial investment with a share yielding North of 8-9%. Good luck to all genuine holders and wishing you prosperity with your investments!

[m0g] 03/3/2023 16:52

ADVFN wonder why people stop paying for these boards, when the people post sh#te on them

Thought this was about PSN, I'm tired of all this sh#te

Wish people would stick to business, so everyone can make some money

[jo2362] 03/3/2023 16:23

Any well seasoned investor will know that you cannot be confident on a certain outcome, a simple reintroduction of the stamp duty holiday will revitalise the sector overnight! Let's see what the budget brings 😁

[blue59] 03/3/2023 16:20

Well, I guess that's why ADVFN invented the filter button!

[shadowfall] 03/3/2023 16:11

We're still confident that the FED will increase to 6%, the BoE will increase to 5% and the ECB will increase to 4%

Great news for us, but probably not for Housebuilders and their shareholders

[jo2362] 03/3/2023 15:59

@sillyboy silly billy boy 😂😂

[ukneonboy] 03/3/2023 15:50

That's precisely why YOU amateurs lost all your money on Persimmon because none of you did any homework into Persimmon and you really haven't got a clue, what's going on.

You definitely didn't see rises in UK interest rates coming, or the knock on effect it would have on mortgages or the downturn in consumer spending or the affordability crisis.



Ah well, at least you will know what to look out for next time !!!

[jo2362] 03/3/2023 15:46

@neonboy I know you can't mate, that's half your problem, you can't see what's in front of you. That's what differentiate the boys from the men!! Go home to do your homework now boy or you might be told off Mond morning!

[ukneonboy] 03/3/2023 15:24

Really ??? , I can't say I've noticed any myself.

What I have noticed is a huge dose of realism creeping into this message board, since the Persimmon and Taylor Wimpey PROFIT WARNINGS were announced.

But just wait for all the Broker downgrades to follow - you ain't seen nothing yet!!

[ukneonboy] 03/3/2023 15:20

Presumably paid for using your unlimited amounts of Monopoly money jo2362

[jo2362] 03/3/2023 13:32

@Neom OMG please give up whilst you are ahead! If you don't know what that implies when you direct that proverb to someone then I don't think I can waste my time any longer with either of you. Good luck mate keep selling so I can keep buying 🙄

[ukneonboy] 03/3/2023 13:27

What he actually said was:-

You (jo2362) certainly meet the criteria for "The FOOL and his MONEY are easily parted"

[jo2362] 03/3/2023 13:00

@dissent It's ironic you calling anyone a fool when somehow you are the one telling us holders to sell when in fact you have already said you are shorting!! 😂😂 The fact that you think anyone would listen or take your advice and sell makes you more of a moron than you come across already!

[jo2362] 03/3/2023 12:43

@dissent it sounds like that's a feeling you must be very familiar with, 1mbec1le!

[dissentingvoices] 03/3/2023 11:48

You certainly meet the criteria for " The FOOL and his MONEY are easily parted "

[jo2362] 03/3/2023 11:04

@dissent No thanks! I'll watch their balance sheet and through this economic clouds which will soon dissipate, as it always does, instead of listening to some clown!🤡