Persimmon Share Discussion Threads

[beckers2008] 05/8/2024 10:18

When is Dire Keir going to sort out this appalling violent disorder.
He's only called a Cobra meeting today!
Should have been Friday....
But he clocks off at 6pm, lol, just lol!

[beckers2008] 01/8/2024 13:50

""Beckers2008 - 14 Jun 2024 - 13:53:16 - 18194 of 18243.

Remember my Statement...
BoE base rate at 6%
Absolutely no chance.

Q3 24 - BoE base rate to reduce.""

Watch and learn trolls, lol, just lol!

[cupra kid] 01/8/2024 13:48

And share price momentum following.

[sikhthetech] 01/8/2024 12:52

And the important bit, as I've previously mentioned... It's not the rate cut but what the Governor says about outlook..
;-)


"Andrew Bailey adds to the message that it is unlikely there will be a flurry of interest rate cuts over the next few months.

“We need to put the period of high inflation firmly behind us," he says, and "we need to be careful not to cut rates too much or too quickly”.

The Bank is forecasting that inflation will increase to about 2.75% later this year, before returning to its 2% target next year."




sikhthetech - 31 Jul 2024 - 21:44:56 - 18670 of 18682
<...>

Let's see what BoE say tomorrow. Their outlook is the important bit.

[sikhthetech] 01/8/2024 12:26

Base rate cut, as expected.



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

[carpingtris] 01/8/2024 12:12

Rate cut :)

[time 2 retire] 31/7/2024 13:13

Give it up sikh, you're not credible and must like ridicule.
You've been this boards clown for many years and still come on here pedalling your rubbish!
Admit you're wrong and move on.

[tialouise] 31/7/2024 13:00

Seriously desperate

[sikhthetech] 31/7/2024 12:42

TW results not great, as expected.



"While interest rates and mortgage rates remain high, our teams continue to work extremely hard on the ground to support our customers through the homebuying process"

In other words, they are using incentives to encourage buyers.


"Though it is early days for the new Government, we welcome their recognition that planning is a major barrier to economic growth, of which housebuilding is a significant component, and we look forward to working constructively with them to deliver much needed new homes across the UK."

It just goes to show, house building isn't down because of planning. It's lower due to affordability. Doesn't inspire confidence in Govn plans to build 1.5m homes.



Outlook - post GE, which is more important.


"As at the week ended 28 July 2024, our total order book value was £2,102 million (2023 equivalent period: £2,175 million), excluding joint ventures, representing 7,667 homes (2023 equivalent period: 7,900 homes), of which 74% are exchanged (2023 equivalent period: 77%)."


Order book down/sales down.


"Whilst we have seen some benefit from market stability, mortgage costs remain at higher levels than in recent years which continues to impact affordability for some of our customers, particularly first time buyers."

As expected, high mortgage level continuing to impact affordability.

[carpingtris] 31/7/2024 09:07

Also factor in interest rates cuts? whenever they happen which should be earlier than a year.

[onehanded] 31/7/2024 08:59

Think I may have sold a bit early on Monday but see today the housing plan review to build more homes will take 12 months!!!! Will identify new towns and up buildings but 1 year before any new legislation and wait for review. Really!!!!

[garycook] 31/7/2024 00:16

owenski, Filtered a long time ago here and on TW thread.

[beckers2008] 30/7/2024 22:54

Sikhthetech,

Remember my statement...

BoE Base Rate at 6%?
Absolutely no chance.
Q3 2024 - BoE base rate to reduce?
Absolutely every chance.

'Beckers2008 - 12 Jul 2024 - 13:14:42 - 18420 of 18608
Nothings changed, only a week in and trouble in the Labour ranks!

Telegraph...
"Labour MP opposes new homes in her first week on the job despite party's housing plans
Sarah Coombes speaks on behalf of residents in her West Midlands seat despite party's vow to build more houses on green belt"' End

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!

[sikhthetech] 30/7/2024 20:20

Still no scheme similar to Help to Buy to help FTBs. The scheme made hundreds of millions of pounds for HB, as buyers were given upto20%(40% in London) interest free loan.

If there's significant cheap homes being built, it will impact HBs as some potential buyers, eg FTBs will move away from the higher priced new builds.


Rayner sets new housing targets in planning overhaul


"Ms Rayner admitted her plans “won’t be without controversy” but changes were required to make housing more affordable."

[sikhthetech] 29/7/2024 14:29

Carpingtris,

Their results tells you how many they build:

New home completions 2023 9,922 (2022 14,868)
etc


On the Market tells you how many developments are currently being marketed

[beckers2008] 29/7/2024 14:20

Sikhtheteck,

You have been expecting a house price crash, every year for the last 6 years, lol!
How's your investment in TLY going since buying at £3, lol, just lol!

You are not credible.

[carpingtris] 29/7/2024 13:07

Does anyone know a quick way to see how many houses PSN make/sell year by year? without having to trawl through historical RNS's.

[sikhthetech] 28/7/2024 19:25

Wed 31st July - TW H1 results
Thur 1st Aug - BoE rate setting meeting


I'm expecting TW to continue to build fewer houses compared to previous year, reservations down, cancellations up, lower cash balance, unchanged divi (given their divi policy.
The outlook will be the most interesting bit.

[cupra kid] 19/7/2024 14:57

I think we'll see 2000p within 12 months from here. Well done on taking the profit though.

[onehanded] 19/7/2024 14:36

Sold my last lot this morning on that high. Think it may retrace under £15 but all depends on august rate news. Now 65% chance of the hold. Will see as bought more Palm panther metal first thing and rest on September holiday.

[juliemara] 19/7/2024 08:52

Hope is all that's left now!