Persimmon Share Discussion Threads

[time 2 retire] 08/3/2023 13:15

Help to buy extended in Wales, rest of UK to follow suit in next week's budget here's hoping!

[max euwe] 08/3/2023 13:15

Barrat upBellway upTaylor Wimpey upThis well down

[ukneonboy] 08/3/2023 13:07

Federal Reserve Chairman, Jerome Powell warned the Senate Banking Committee that the central bank has “much more work to do", even though the full effects of previous interest rate increases have not been felt yet.

Powell also warned Senators that U.S. interest rates are likely to peak higher than previously thought.

On this side of the Atlantic, U.K. interest rates also look set to continue rising, increasing borrowing costs and hitting house completions.

[pander45] 06/3/2023 21:42

They have reduced slightly.

[beckers2008] 06/3/2023 17:48

Blackrock added slightly.

Well they aren't selling before sT, Sikhthetech and Co get their usual negative drivel going, lol, just lol!

[gswredland] 06/3/2023 16:08

Good news from right move and pleasing to see these hit 1300

[beckers2008] 06/3/2023 16:02

'Sikhthetech' your only down another 8%+ today in your beloved TLY, lol!

Another lesson for you, the idiot, never fall in love with a share, lol!

Karma, Karma, lol, just lol!

[sunshine today] 06/3/2023 15:07

The chart has cost investors dear.

It’s telling you the business could even go bust within 36 months.

[pander45] 06/3/2023 14:56

And I'm still confident you are a tool. 100% solid gold. Enjoy your short.

[shadowfall] 06/3/2023 10:35

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

[sunshine today] 06/3/2023 10:34

I try to explain why most investors never become successful.

It’s extremely easy to lose a heap of cash chasing income

[beckers2008] 06/3/2023 10:14

sT,

Why are you here when you no vested interest, lol, just lol!

[sunshine today] 06/3/2023 09:05

The problem:

Rightmove has a vested interest in talking up the market.

Asking prices have proved to be just that. ( no relation to the slump in actual price ).

Secondly the builders are telling you in B and W the truth.

[beckers2008] 06/3/2023 08:49

Housing market seeing signs of life after grinding to a halt last year, according to online estate agent Rightmove

Rightmove said 'confidence is improving' in the UK's property market.
It comes after a slowdown in activity last year following a 'frenetic' 2021.
The housing market is seeing signs of life after grinding to a halt last year, according to online estate agent Rightmove.


It said that 'confidence is improving' and the number of deals in recent weeks was just a tenth below pre-pandemic levels.

It comes after a slowdown in activity last year following a 'frenetic' 2021, Rightmove said.

The company claimed Liz Truss and Kwasi Kwarteng's September mini-Budget, which caused a spike in mortgage costs, led to a drop-off in deals in the last three months of 2022.

Rightmove chief executive Peter Brooks-Johnson said people planning to buy houses 'stopped to think about their options'.

And he added: 'The first few weeks of January were quiet, but since then we have seen confidence improving.

'We have come back a long way and this year looks like it may be a bit quieter than 2019 but certainly within the realms of normal years.'

[beckers2008] 06/3/2023 08:49

sT,

You've been caught out on another BB.
You are not invested in anything, just a sad little troll who has nothing to do, lol!

I told you when to invest in Mid October 22 when the noise was loudest, you would have done nicely if you had any money, lol, just lol!

[beckers2008] 06/3/2023 08:30

F&F,

Your getting as bad as the village idiot Sikhthetech, copying and pasting the same old BS.
It's been doing it since October 2018 and been wrong, lol!

What was the average UK house price in October 2018 compared to the latest figures?
Significantly lower, lol, just lol!

[sunshine today] 06/3/2023 08:30

Don’t forget those of us that have been through this over the decades, know the only safe time to purchase is at the bottom of the cycle.

One requires these ingredients.

Land selling for peanuts ( banks dumping )

Low house prices 3 times income

High unemployment

High mortgage rates

All the big builders making a loss

Huge hit on the land carrying values

[factsandfigures] 06/3/2023 08:23

Persimmon warns of falling sales with home completions to slump to only 8,500 in 2023
=====================================================================================

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.

[l0ngterm] 06/3/2023 01:31

Yeah it looks like the perfect storm, well intentioned maybe, however the headache at the end seems inevitable.

[watfordhornet] 05/3/2023 21:53

Sikh - I presume you are holding shares. This sounds like going down yhe panHave you sold?

[sikhthetech] 05/3/2023 20:54

Housebuilders face several challenges which have all come together around same time...


They are faced with:
1) House prices falling
2) Wages rising
3) Materials prices rising
4) ongoing resolving onerous ground rents following the ground rent scandal. Costing millions.
5) ongoing resolving firesafety problems following the Grenfell fire tragedy. Costing millions.

All while:

Economy worries persist.
House sales dropped off the cliff
Major affordability problems - higher mortgages, utility bills, credit cards loans.

[sikhthetech] 05/3/2023 12:34

L0ngterm

Re Help to Buy.

I mentioned Help to Buy ages ago. I think the scheme is toxic, PPI mk2.


"Similar to 2006-7 housing market crash, GFC...when I predicted house prices will crash 40%, peak to trough, not all areas and asking prices crash the largest amount. New Builds usually command a premium and that will significantly reduce or disappear...

HBs are just about running ahead because of house price inflation....

Read about H2B.. I believe it's PPI, mk2...toxic."


https://uk.advfn.com/cmn/fbb/thread.php3?id=9679305&from=3104#firstpost