Persimmon Share Discussion Threads

[scobak] 25/5/2023 21:12

Now you tell us, just as I was getting into the story.
Who'd be a ship owner?

[kop202] 25/5/2023 12:22

IGNORE WRONG THREAD.....DOE!!

[kop202] 25/5/2023 12:21

You have to laugh.....a part breaking not during the trial but just before the commencement of the trial.......It's on a par with Maersks ship hitting a buoy and ending the LONO trialOh and not forgetting the months of delay stuck in Moroccan customs! Jason should consider writing a book.

[sikhthetech] 24/5/2023 20:40

Homeowners and renters face 'huge' interest rate shock says Barclays chief


UK homeowners and renters are facing a "huge income shock" as rising interest rates hit mortgages and monthly costs, the boss of Barclays has warned.

CS Venkatakrishnan, who is known as Venkat, estimates that payments by mortgage holders and tenants will take a chunk of between 28% and 30% out of their income.


The Barclays boss said that "most people will begin to feel the impact of higher rates when their current deal expires by the end of next year", and predicted "there is a huge income shock" on the way.


Around 85% of all mortgages are fixed-rate, according to the Bank of England.

It said around 1.3 million households are expected to reach the end of their deals this year and face a rise of up to £200 per month, based on current rates.

A typical tracker mortgage customer is now paying about £417 more a month while those on a variable rate have seen their costs rise by £266.

It has prompted expectations of a further increase in borrowing costs when the Bank of England's rate-setting Monetary Policy Committee (MPC) meets in June.

Andrew Montlake, managing director at mortgage brokers Coreco, said: "While on the face of it we have seen a fall in inflation back down to single figures, it is not by quite as much as expected.

He added: "What is more, the important underlying inflation figure has proved to be stickier than envisaged. This has led to a reaction from the markets as they believe the Bank of England may now continue with their policy of rate rises."

[adamb1978] 24/5/2023 16:30

Food prices will come down sharply though. we have a very competitive supermarket sector so if there's one space where there wont be price gouging, its in food. Even in the last month dairy products have come down a bit as a result.

Energy prices will come off in Q3 and as well as seasonal lower usage of energy, means that consumers will get that break for the next few months too.

I think the net effect of these is that even if the BoE do raise again, and they probably will, there are offsetting improvements to the average consumer P&L to help and that this will mean we avoid a recession this year

[badtime] 24/5/2023 16:12

Inflation being driven by high food prices is not going to be controlled by higher interest rates ..instead those rates are going to drive us into recession imo

[adamb1978] 24/5/2023 15:36

I bought into PSN a few months ago given taht I thought too much doom and gloom was built into the price. Any investment is an assessment of probabilities of upside and downside, rather than a categoric one sided bet.

My view on the housebuilders, and PSN in particular, is that analyst forecasts have built in reductions in finanial performance which are in-line with a pretty bad economic outcome so there is more upside than downside to that. The generate decent ROCE and are in a position to continue with dividends etc even if there is a lull in sales.

I think its a good entry point here to buy, tuck away and forget about

[cupra kid] 24/5/2023 15:06

Have you factored in the above average wage increases that people are getting?

[porsche1945] 24/5/2023 12:47

oh dear, uk core inflation going up not down, far worse than any other G7. Weak sterling ( thank the brexit morons ) sucking in inflation. Rates in uk will need to be 7/8 pc to deal with it, 6 year housing cycle meltdown coming. Enjoy creditjunkies. Just put your cash in T bills or UK treasuries like me….lovely interest, or buy shares and lose half your capital for an at risk 5 pc dividend.

[pottsypotts] 24/5/2023 08:48

I read your posts with interest some would call them pessimistic I maybe would call them realistic/weighted towards the pessimistic sideThat's said isn't there a bit of an unwritten rule the stock market looks 18months in to the futureIf we aren't forecasting a full blown recession I am getting tempted to dip my toe in shortly with house builders, what's your thoughts

[cupra kid] 23/5/2023 18:36

So in essence interest rates have stabilised at their current rate, inflation is and will come down further and there's no recession because of GROWTH.

[sikhthetech] 23/5/2023 14:29

IMF forecasts interest rates will rise further and stay high for longer.
Chancellor may have to raise taxes to fund public spending.
Inflation not expected to return to 2% until 2025, 1.5 to 2 yrs!!


IMF upgrades UK growth prospects but warns interest rates 'likely' to rise further


The UK is already experiencing the sharpest cycle of interest rate increases since the 1980s. The Bank of England has raised Bank Rate by almost 4.5% in the space of 18 months.

The IMF notes that the full force of these hikes won’t be felt until the back half of this year but it sees signs that inflation is feeding itself domestically in the UK and believes the cost of borrowing will have to rise further to contain it.

The IMF’s Article IV mission concludes that inflation is showing “greater than expected persistence” and will only fall to 5% by the end of the year. The IMF thinks it will take until 2025 for the headline rate to ease below 2% (the Bank of England’s target).

“Monetary policy will need to remain tight to keep inflation expectations well-anchored,” says the IMF.

“Some further monetary tightening will likely be needed, and rates may have to remain higher for longer to bring down inflation more assuredly."

[tialouise] 23/5/2023 14:00

Thanks.....

[garycook] 23/5/2023 13:52

Await Half year results Aug 10.

[tialouise] 23/5/2023 13:38

Does anyone know when the next divi will be ? Tia

[beckers2008] 22/5/2023 11:34

'Sikhthetech'

Never the less...

Your track record is embarrassing, your lost over 30% on a single day in your beloved 'Totally'.

Will you ever be correct in your forecasting of a house price crash, 40% peak to trough, lol, just lol!

[sikhthetech] 22/5/2023 10:51

Beckers,

I see PSN have been for several months within the range I mentioned a year ago...all based on company/sector newsflow...all as expected.

I also see TLY are up 50% over the past few weeks, as they are oversold. They continue to gain contracts, new and extensions.
Again, as expected.

;-)

sikhthetech - 06 May 2022 - 15:12:35 - 2691 of 3259
There you go, HBs share price still falling..

I'm looking nearer to 1300-1500p as previously mentioned based on my comments...

[beckers2008] 20/5/2023 10:42

'Sikhthetech'

Your track record is embarrassing, your lost over 30% on a single day in your beloved 'Totally'.

Will you ever be correct in your forecasting of a house price crash, 40% peak to trough, lol, just lol!

[sikhthetech] 19/5/2023 12:23

Inflation needs to be stable around the 2%mark.

Inflation around 5-6% would still be too high. It'll mean prices are still increasing at that rate.

Deflation or a volatile inflation environment is not good.

[porsche1945] 19/5/2023 09:44

Arch-Brexiteer Nigel Farage has admitted that leaving the EU has “failed” as he sought to blame the government for what he described as its inability to take advantage of being outside the trading bloc.

The former Brexit and UKIP Party leader, who refused to rule out a political comeback, said the UK had not “benefitted from Brexit economically”, claiming that government policy had deterred businesses from investing in the UK.

That’s now across the media…well he did promise to leave the U.K. if it failed…so..bye bye Nigel. What a bunch of fkn 🤡🤡🤡

[adamb1978] 18/5/2023 14:47

Onehanded

Thats right. If you look at the month on month inflation figures from 2022, we'll lap a large increase in the next inflation reading so that month blip upwards in 2022 falls away. It'll then trend down gradually over the summer and there's another chunky fall in the autumn. I think we'll undershoot the BoE target by year end.

Adam

[onehanded] 18/5/2023 14:32

Saw a report today that next inflation figures will see at least 1.5% - 2.5% fall in inflation. Would see this spike to around £15.20p level to test for a breakout level.