Persimmon Share Discussion Threads

[ymaheru] 06/10/2024 14:30

Not 43% chain-free; just 32%.

It is positive for PSN that market is improving, so cheers for posting.

Like you allude, it’d be even nicer if landlords weren’t dumping properties, but I can’t see Labour addressing that. Fingers crossed tho.

[beckers2008] 06/10/2024 14:25

Sikhthetech,

You are simply a fraud who is a clueless mug-punter and whom lost it's shirt from October 2018 when it called TW. short, lol!

Tell me, when is your each and every year's house price crash going to happen for the last six years, lol, just lol!

You are not credible.

[sikhthetech] 06/10/2024 13:44

As expected,
A massive 32% of homes listed on Zoopla are chain free, suggesting landlords dumping their 2nd homes, increasing supply.

20% of homes currently listed were also listed within the last 2 years, so sellers trying again to ditch homes.

20% of homes listed have been for more than 6months, shows houses are not being snapped up as quickly as some suggest.

Lower offers suggesting lower single digit price growth. Housing market remains uncertain.

Affordability still a problem.


There's a lot of 2nd homes coming onto the market, so why buy new build?


Time To Sell Up? Housing market stronger now than last year

"Landlords considering quitting the sector will be buoyed by Zoopla’s statement today that current mortgage rates – the lowest for 15 months – are supporting a rebound in sales activity across the UK. "

"The number of homes for sale continues to grow as greater confidence amongst sellers sees more homes listed for sale – this includes homeowners looking to move as mortgage rates fall but also investors and second home owners selling in response to recent and possible tax changes.

A third (32%) of homes for sale on the site are currently ‘chain free’ as investors and second home owners look to sell homes amidst recent tax changes and speculation around further tax changes in the upcoming October Budget. The most common ‘chain free’ homes are 2 bed houses with 41% currently listed as chain free on Zoopla. Previously rented homes account for 13% of homes for sale on Zoopla. "

"Affordability continues to be a constraint on house price growth, especially in southern England."

"The portal says greater choice for home buyers is expected to keep house price growth in check in the months ahead. Most new listings are home-owners looking to sell and buy another home. However, not all homes are ‘brand’ new to the market. A fifth of homes currently for sale were previously on the market at some stage in the last two years. "

"While market conditions are improving, setting the right price is important to attract buyers. The same applies to the fifth of homes for sale that have been on the market for more than six months, still unsold."

[cupra kid] 04/10/2024 12:14

Building up for another attack at 1700p. It wasn't that long ago I was saying the same for 1500p. Good momentum

[japatrick] 25/9/2024 11:16

I would bid this up past200p - directors buying at this level and analyst upgrades to boot

[kreature] 24/9/2024 22:48

No buy to let cuts at theMortgageWorks tho

[beckers2008] 24/9/2024 14:04

Sikhthetech,

You are simply a fraud who is a clueless mug-punter and whom lost it's shirt from October 2018 when it called TW. short, lol!

Tell me, when is your each and every year's house price crash going to happen for the last six years, lol, just lol!

You are not credible.

[sikhthetech] 24/9/2024 13:43

Desperation in the mortgage market....
Nationwide offering 6x salary...what a way to huge increases in personal debt.


The cheap deals are for those with 60% ltv


Nationwide launches best two-year mortgage rate as competition hots up

"Nationwide has also upped its help for first-time buyers, now lending up to six times income for those with deposits of as little as 5 per cent."

[scottishfield] 23/9/2024 08:57

Jefferies raises Persimmon price target to 2,029 (1,969) pence - 'buy'

[sikhthetech] 20/9/2024 11:56

There you go, as expected talk of tax rises spook consumer confidence, brings affordability to the forefront. Tax rises in budget will negate any decreases in interest rates.


'Painful' Budget warning spooks people's confidence

A long-running measure of how consumers feel about their finances and the economy has fallen sharply, raising concerns that the government's warning that the Budget will be "painful" has shaken people's confidence.

GfK's Consumer Confidence Barometer has tumbled further into negative territory since the end of August.

The index had been recovering after the years of the Covid pandemic, rising prices and higher interest rates had dented the outlook for many.

GfK said the latest measure did not provide "encouraging news" for the UK's new government, while some economists have linked the drop to Labour's downbeat rhetoric about the Budget.

[cupra kid] 19/9/2024 10:48

Persimmon paying ALL their staff their second bonus of the year in this months pay. Things picking up across the industry one would think.

[scobak] 18/9/2024 11:18

So Persimmon were not able to secure the purchase of Cala homes from Legal and General. Not sure if that was a good thing or not.
Looks like lgen get 500million straight away and 650 million over the next 5 years.
Was it poor negotiation that let this escape from Persimmon as I am sure that £650m
spread interest free over 5 years could have been accommodated.

[sikhthetech] 18/9/2024 10:58

BoE interest rate meeting tomorrow

[roguetraderuk] 13/9/2024 08:45

the inverted shs here was triggered on a break of 15 quid and has an extension of around 6 quid, thats takes you up to around 21 quid. the break took place in july and we had a monthly test of this break in august so we dont necessarily need to revisit this support.

[beckers2008] 13/9/2024 08:22

"Kreature - 10 Nov 2023 - 08:25:58 - 4893 of 5676
Well I'm shorting the lot PSN, BWY, RDW"

Lol, just lol!

[kreature] 13/9/2024 08:07

‘Barratt, Lloyds Banking Group and government body Homes England will each contribute £50m to the new housebuilding private-public joint venture ‘MADE Partnership’ ‘

I like that cos there’s no conflicts of interest at all, whilst enslaving first time buyers in debt. A bit surprised a conveyancing firm hasn’t joined in yet

[beckers2008] 12/9/2024 09:05

Sikhthetech,

You are simply a fraud who is a clueless mug-punter and whom lost it's shirt from October 2018 when it called TW. short, lol!

Tell me, when is your each and every year's house price crash going to happen for the last six years, lol, just lol!

You are not credible.

[uu4] 11/9/2024 05:04

WARNING: CORRUPT DIRECTOR BONUS SCHEMES

[sikhthetech] 09/9/2024 19:59

as expected, Govn sets up a private public partnership.

Led by BDEV


A govn setup Private public partnership....


MADE Partnership: Homes England, Barratt and Lloyds form housebuilding JV

Barratt, Lloyds Banking Group and government body Homes England will each contribute £50m to the new housebuilding private-public joint venture ‘MADE Partnership’


MADE Partnership will act as master developer for multiple large-scale, residential led developments ranging from 1,000 to 10,000 homes. These projects will also include community facilities and employment uses, large brownfield developments, as well as new garden village-style communities.

The venture will be led by Barratt’s group major projects director, Stephen Kinsella.

[sikhthetech] 08/9/2024 17:10

The HB newsflow continues as expected.

I hope no one got enticed by Becky/Cupra Kid....


Always do your own research.



BDEV slashes dividend, as earnings decline.

Housebuilder Barratt slashes dividend by half to reflect lower earnings






sikhthetech - 02 Jul 2024 - 20:05:07 - 18327 of 18985
The company/sector newsflow has been as predicted.



Some properties have crashed over 40%, as predicted.

Was there inflationary pressure, so BoE had to increase interest rates? Yes
Did HB's share price crash, as predicted? Yes.
Did divis reduce, as predicted? Yes
Did house prices fall, as predicted. Yes.
Did some property prices fall 40%++. Yes.
Have mortgage arrears increased. Yes

[beckers2008] 04/9/2024 13:03

Remember my statement...

BoE base rate at 6%
Absolutely no chance.

Q3 2024 interest rate reduction?
Absolutely every chance.
I was correct yet again!

I expect the UK's next rate cut to come in Q4 2024 followed by four quarterly cuts in 2025 and one cut in 2026 resulting in a 3.5 per cent base rate by the middle of 2026.

Watch and learn trolls, you have lost the argument as I told you over a year ago.

Now when is the UK house price crash going to happen, lol, just lol!