Persimmon Share Discussion Threads

[ymaheru] 30/7/2023 17:17

Spoke to an agent last week, saying that asking prices are 10% down on average in this area. So, market is soft.

I’m not buying rentals at these interest rates/ prices.

However, all this means the market is weak and paralysed. There’s not a guaranteed crash (or further weakening).

If (core) inflation starts heading down now, then the worst might well be over.

[scobak] 30/7/2023 16:49

Another crackpot?

[owenski] 25/7/2023 14:51

"Beckers200820 Jul '23 - 12:12 - 4532 of 4532

'Sikhthetech'

You are the biggest fool here as you believed I had a holding here, still got that egg on your face.

You also stated on here that 'what I post influences the SP' lol!"


Spot on

[beckers2008] 20/7/2023 12:12

'Sikhthetech'

You are the biggest fool here as you believed I had a holding here, still got that egg on your face.

You also stated on here that 'what I post influences the SP' lol!

You still down 70% on that pos TLY, lol, you're a classic mug-punter!

Meanwhile... the positive from VTY CEO...
"Given the strength of the Group's forward order book, the progress on integration and targeted cost savings, the Board continues to expect to deliver adjusted profit before tax for FY23 in excess of GBP450m"

Headline from Alliance News...
"Vistry trading in line with expectations despite mortgage rate strain"

Have to say the HB's have been very pessimistic and now the surprise is to the upside!

[sikhthetech] 20/7/2023 11:43

VTY reported this morning.

They've gone from Net cash to net debt. They made similar comments to other HBs about a slowdown recently, ie over the past 4 weeks.


"The Group had a net debt position of c. GBP330m as at 30 June 2023 (30 June 2022: GBP115m net cash). The year-on-year increase reflects the working capital requirements of the enlarged group, investment for growth in the Partnerships business, and cash spend on integration and fire safety. The Group expects net debt to reduce to c. GBP150m as at 31 December 2023."


"Following the recent increase in the Bank Rate and mortgage costs we have seen a slowdown in the open market private sales rate over the past four weeks. Both our Housebuilding and Partnerships businesses are mitigating this through bulk transactions with Housing Associations and Local Authorities."

[pinemartin9] 20/7/2023 11:32

Nice to see shorters scrambling. Don't swim against the tide!

[sikhthetech] 20/7/2023 11:31

Beckers2008,

Oh dear, this is the poster who has been completely wrong.


She was claiming PSN was totally oversold mid Oct.

The share price was around 1450p when Becky posted this in Jan. The share price fell afterwards, as predicted.





Beckers2008 - 27 Jan 2023 - 15:05:55 - 3998 of
'Sikhthetech' you have down a great job ramping this down from mid October! Lol!

It's all in the price you fool and totally oversold in Mid October, only a fool wouldn't know that, but you are the village idiot after all, aren't you, lol, just lol!


my reply
sikhthetech - 27 Jan 2023 - 16:24:49 - 3999 of 4529
Beckers,

"It's all in the price you fool and totally oversold in Mid October,"

You've been saying that since last March when PSN was around 2200p. So nearly a year ago and following your SIX MONTH in depth research!!! whilst I was saying don't buy HBs when PSN share price was around 2200p..

Only a fool would have been loading up on HBs last March and then buying on the way down from last March!!! But then again you don't want to mention you've been buying since March last year, do you...It'll make you look a bigger fool than you are..

lol

Best to trade hyped sectors.

[sikhthetech] 20/7/2023 11:25

Blue59
"Probably time to close your shorts and bet the other way"


I don't currently have a short on PSN.

I have been saying best to trade for months. In my previous post I said 'HBs are worth trading atm'

It is easy to trade shares whilst maintaining a negative stance on the sector. I've done it lots of times before.

[beckers2008] 20/7/2023 10:42

GLG Partners have reduced their short further to 0.66% as announced yesterday.
They better get a wiggle on, lol, just lol!

[beckers2008] 20/7/2023 10:16

b59,

'Sikhthetech' has been wrong for 5 years, lol!
How much was the average house price in October 2018 compared with today,
Significantly less, lol, just lol!

[blue59] 19/7/2023 20:15

stt - Probably time to close your shorts and bet the other way! You've been right for a long time, don't go and ruin that now!

[scobak] 19/7/2023 20:02

Even if its up over 8% today?

[sikhthetech] 19/7/2023 17:17

There you go, as expected, HBs restructuring to manage overheads in a weakening market.

HBs are worth trading atm


HBs restructuring. Expect dividends to be cut.


Redrow to shut two divisions as it launches restructure

"Listed housebuilder Redrow is to shut two of its 14 regional divisions as part of a restructure launched to “manage overhead” as it prepares to reduce output in the weakening market.

The £2.14bn turnover firm is to shut its Southern and Thames Valley divisions, based in Crawley and Oxford respectively, but said it will continue to serve these areas from neighbouring divisions."

"The move comes amid deepening gloom in the industry over the state of the housebuilding sector, given recent rises in average mortgage rates to a 15-year high, and continued paralysis in local authority planning."

[sikhthetech] 19/7/2023 17:07

I did say they are a BTR builder, so it's obviously not a direct comparison...lol

The post was to counter your trolling mate Beckers2008 post, who assertion is that landlords are snapping up new build houses to rent.



Beckers2008 - 14 Jul 2023 - 15:58:26 - 4508 of 4522
'Sikhthetech'

I've been telling you for months that the majority of landlords sold up from the first wiff of the changes to the EPC rating legislation a few years ago.
50,000 landlords sold up to year end 2022,
These properties were largely 'D to F' rated.
Landlords are now buying back properties with a 'C' rating to comply with rental legislation to be passed.
FTB's do not have a hope in hell of buying a second hand 'C' rated home as landlords are snapping them up.
Massive supply/demand imbalance driving prices ever higher. Expect that to continue.

[cupra kid] 19/7/2023 14:42

Not the greatest of comparisons hey!

[sikhthetech] 19/7/2023 13:17

From WJG this morning. A BTR builder

From WJG update:

"In the period since the interim results, market conditions have become more challenging. In particular, the recent increases in interest rates and prevailing economic uncertainty have impacted negatively on market liquidity. As a result, there is now a greater degree of risk over these transactions completing by the year end."




Watkin Jones shares plummet as deals delay, costs rise and CEO steps down


Watkin Jones PLC (AIM:WJG) shares plummeted around 35% lower in Wednesday’s early deal as the UK residential rental property firm issued a profit warning and said its chief executive Richard Simpson has stepped down with immediate effect.

Multiple previously announced property deals are now in question as a result of higher interest rates and prevailing economic uncertainty, with the company warning of “a greater degree of risk” to transactions completing by the year’s end.

[mingo6] 19/7/2023 11:59

Wonder if I should cut my losses and sell? I can't see a recovery on share price anytime soon

[mike24] 19/7/2023 10:25

House sales will come to a standstill
2% inflation BoE target insane, needs to be 4%
house prices need to re-trace 20% over next 3yrs

$500bl global corporate DEBT storm brewing

20/7 1240 looks a good level to cut losses/take profits
NAI

[blue59] 19/7/2023 08:09

y'75 - Too late, couldn't wait! Anyhow I've got him filtered from way back.

[onehanded] 19/7/2023 08:06

Now looks like a recovery stock as inflation starts to fall and only 1 more small interest rise likely now, expect a lot of investors to be interested. £14 will be the first test point. Expect with shorters closing and switching, could see a steady climb.

[beckers2008] 18/7/2023 22:43

y1975,

Apart from the brexit basket case, the village idiot 'Sikhthetech' has been quite here, lol!
It's still trying to put the fire out with it's bucket full of holes over on it's beloved pos TLY, lol, just lol!

[yossarian1975] 18/7/2023 16:36

@blue, wait until porch pops up with an ultra negative comment about house builders, the UK and brexit, and how PSN has no value and is definitely going to £5. Tends to be a good time to buy