Persimmon Share Discussion Threads

[beckers2008] 29/6/2024 00:00

As usual, no answer, lol!
You've lost the argument, lol, just lol!

[kreature] 28/6/2024 23:05

Trustpilot. Lose your new freehold house if you don’t pay £300 estate fee ?

‘ Louise ———;
4 reviews
GB
Rated 1 out of 5 stars
2 days ago
Why can’t I give zero stars???
Purchased a Charles church home almost 3 years ago. Snagging still outstanding. So gave up and put house on market. Accepted offer in March. At point of exchange a clause in the management company states the house can be repossessed without notifying a mortgage company for non payment of the £300ish management fee. Remus have told us this is Persimmon and a deed of variation is needed. Getting this done is like getting blood out of a stone. Literally zero contact. Buyers have now stated they’re going to withdraw if this isn’t sorted in next 2 weeks. Well, they have been waiting since March! Persimmon are awful to deal with. Pushed from pillar to post. No one knows anything. This needs sorting! Not happy!
Date of experience: 26 June 2024 ‘

[beckers2008] 28/6/2024 09:35

Seems I was correct, nothings changed there...

"Beckers2008 - 16 Nov 2023 - 09:49:29 - 4929 of 5592
k, sT, U, Sikhthetech,et al,

In case you missed it, the normal idiotic posts from mug-punter 'Sikhthetech' lol!

"UK house prices suffer first annual fall since 2012"

The village idiot is going to print, to prove it's self a village idiot, yet again lol!

So not since 2018, lol!
Only 5 plus years wrong, lol, just lol!

BoE Base rate at 6%?
Absolutely no chance."

[uu4] 24/6/2024 07:00

IMO Roger Barby has helped Cameron

this is why action Fraud received a phone call to stop investigating him for the cynical psychopathic theft of shareholder assets at Octagonal Plc (chat at Octava Minerals)

Cameron is a very average public school boy who has decided early on that his future best lies with helping tax avoiding landlords and incompetent bankers who needed £trillions of tax payer money to rescue them after their inbred interlinked stupidity. This money should have built clean cheap energy instead. Probably masons in it in it who love a mirror and religious or intellectual humility or true hard work is not for THEM!
Why no statement on the corrupt builder bonuses DC. Rescued completely by tax payer.....Pay it back????????...........NO NO NO Award yourself a bonus

And DO DO DO donate £1 to charity and £1000 to politics (proportionally)

And good people who dont own property and never took any money or wages from state are forced to sign papers with HMRC to pay huge taxes , interest, fines and say they were bad people

ALL TO RESCUE IMCOMPETENT CHEATING IMMORAL IRRELIGIOUS CROOKS LIVING OF TAX PAYER LIKE LEECHES and far far too cosy with thicko tax avoiding landlords. And voting no different. no feedback ever asked for just tick a box

[rogerrail] 20/6/2024 08:08

It is apparant the current inflation driver is Services and in particular areas of discretionary spend such as hospitality, travel and leisure which is a surprise given we are supposed to be in a cost of living crisis, which unless that is a total fabrication would indicate inflation will subside rapidly from here and I reiterate that the BOE would be making a mistake if they do not follow the ECBs lead and cut interest rates today. Not that I am expecting that.

[adamb1978] 20/6/2024 07:52

I've added a handful more this morning given that the price dip created a gap between by holding size and my sizing cap.

On a medium term basis, I think PSN look great value

[adamb1978] 19/6/2024 17:25

If the election was looking closer then I think the political risk would be greater. You could also argue that they'll get flak if they don't cut rates and that not cutting might be argued as being political.

With inflation at 2% now, I think its hard for them to maintain rates at these levels even if core inflation is still >3%.

Taking 25bps off rates now would still leave rates restrictive so still clamping down on inflation. Personally I'm probably financially better off if the delay cutting but really think they should be cutting tomorrow

[rogerrail] 19/6/2024 16:15

I hear the BOE is not likely to reduce rates till August, for political reasons, but the High St banks have already started to discount theirs from a couple of months back. If so seems to me the BOE is wrong and risks damaging the economy and the welfare of the uk population by being overcautious.

[adamb1978] 19/6/2024 13:52

£50k director purchase

[sikhthetech] 19/6/2024 13:46

Cupra/time 2 retire,

My current assertion has been 'best to trade'.


sikhthetech - 11 Jun 2024 - 13:35:13 - 5575 of 5586
Time 2 retire,

The company/sector newsflow has ALREADY been as predicted, hasn't it????.

The prediction was also that the BoE won't start to reduce interest rates until summer... My calendar says it's June!!!



Best to trade

[cupra kid] 19/6/2024 13:09

Pocket the divi or reinvest. Nothing goes up in a straight line so it's healthy to have a retrace. There's a case for a short term double top at 1500p but in my opinion we will back above that at some point. After all PSN is still massively undervalued at this level.

[time 2 retire] 19/6/2024 12:41

Cupra, I'm guessing we could be back in the £12+ tomorrow with these going x-divi.
Totally disappointing share, I thought we were leaving £15 behind just a week or so ago...

[cupra kid] 19/6/2024 11:43

Gap up filled on the chart. With any luck we'll be moving back up again in no time.

[sikhthetech] 19/6/2024 11:27

BKG fy results show that the housing market remains uncertain. HBs need govn help.

Relying on govn help doesn't resolve the problem. House prices are too high.

[sikhthetech] 13/6/2024 20:50

UK housebuilder Crest Nicholson slides into loss amid property market woes
Company issues profit warning and slashes dividend, saying buyers are waiting for interest rate cuts





sikhthetech - 30 Nov 2023 - 14:22:39 - 5013 of 5581
<...>
Whenever any product looks like it might be cheaper in the future, a lot of potential buyers hold off to get the cheaper price.
The same is true of mortgages.

HBs then lose hundreds of millions of pounds from potential lost sales. Hence why they too are trying to encourage buyers.

[sikhthetech] 13/6/2024 12:19

As expected, Crst warns...HB woes continue...

Sales down
Divi slashed
Cash declining fast
Now in net debt.



Crst H1 results:


Revenue £257.5m (HY23: £282.7m)
Home completions 788 (HY23: 894), comprising open market private of 435 (HY23: 532), bulk deals of 177 (HY23: 115) and affordable completions of 176 (HY23: 247)

Sales per outlet per week (SPOW) of 0.47 (HY23: 0.54) with average outlets at 45 (HY23: 48). Average selling prices have remained stable year on year
Adjusted operating profit1 after accounting for £5.9m of completed sites charges at £6.2m (HY23: £22.1m) also reflecting lower volume and a higher proportion of revenue from low margin sites as the Group makes good progress in reducing low margin inventory

Statutory loss after tax of £23.4m (HY23: profit of £21.1m)

A continued focus on cash management has enabled the Group to maintain balance sheet strength with net debt1,2 at £9.4m (HY23: net cash1,2 £66.2m). £250m revolving credit facility undrawn (HY23: undrawn)

Interim dividend at 1.0 pence per share (HY23: 5.5 pence per share)





sikhthetech - 08 Mar 2024 - 14:53:02 - 17639 of 18172
Having a divi policy fixed on NAV drains cash and drains it faster if housing market, number of new builds fall for a longer period of time.

[beckers2008] 13/6/2024 08:22

Sikhthetech,

What a mug-punter you are, TLY was 300p (advised by a poster on TLY) a share when you invested and made up your own premium ramping board over ten years ago, lol!

I told you to sell when TLY were 40p, you no listen, it went to 3.8p on the bid, lol!

You have once again proven that you are a village idiot...
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.

[sikhthetech] 12/6/2024 20:41

Onehanded,

"All election parties targeting house building"

Despite the current high demand, HBs are building fewer houses - they've reduced the number they've been building, laying off contractors etc. Why?

The problem is lack of demand because of affordability problems.

If Labour wants to build 300k homes every year, who will force HBs to build them? It would cripple the current HBs.

The base rate was 0.1% and is now 5.25%. Mortgage rates are still over double for those coming off 2-5fixed rate mortgages.
Mortgage debt is increasing.

[onehanded] 12/6/2024 14:51

Watching to see any movement ….

[sikhthetech] 11/6/2024 12:35

Time 2 retire,

The company/sector newsflow has ALREADY been as predicted, hasn't it????.

The prediction was also that the BoE won't start to reduce interest rates until summer... My calendar says it's June!!!




Best to trade

[sunshine today] 11/6/2024 12:27

The share price will tell.

umm, yep,it has, half the price of 3 years ago !,

[time 2 retire] 11/6/2024 12:23

Sikh, always the voice of doom!

Always finds a negative even when all the news is positive!

The share price will tell...

[sikhthetech] 11/6/2024 12:12

People losing their jobs impacts affordability. It also increases the risk of mortgage debt and repossessions.

I agree with ST...if the incoming govn wants cut immigration and also to build more homes, where will the construction workers come from? Also the HBs have cut the number of new builds because of slowing demand due to affordability, so why would they now want to build more now?

[adamb1978] 11/6/2024 07:56

Positive reaction here this morning could be because of the jobs data. Some softening in the labour market with average earnings flat despite knock-on consequences which you would have expected from the minimum wage rise and unemployment up 0.1%

Means that real wage growth now c.3% and probably helps the BoE with cuts if they want to (they should)