Persimmon Share Discussion Threads

[charlotteandcressida] 05/9/2012 18:08

CR - a bullish scenario, fingers crossed...

[cockneyrebel] 05/9/2012 12:48

Well these have just broken through the intraday high of 750p

Chartwise 790p next resistance then 885p so expecting those to be my targets next.

All just my opinion of course.

CR

[charlotteandcressida] 05/9/2012 08:33

A good recovery yesterday and off to the races again today...

CR what price range do you see near term with the current chart?

[cockneyrebel] 05/9/2012 08:08

Cup and handle flier here - going way higher imo :-)

CR

[cockneyrebel] 05/9/2012 08:08

Cup and handle flier here - going way higher imo :-)

CR

[cockneyrebel] 04/9/2012 14:17

Chart gets better and better

CR

[cockneyrebel] 03/9/2012 08:28

That huge cup and handle breaking out here.

CR

[cockneyrebel] 31/8/2012 08:13

cheeky bid for Redrow - sector undervalued imo - more builders in play soon? I remeber in i mid 2000's one builder went then they all started going, Ben Bailey, David Wilson, Crest Nicholson, Wimpey........etc all in the space of a year or so.

CR

[charlotteandcressida] 22/8/2012 23:04

CR - once again I find myself in total agreement with you, the share price will rise and fall as the divi dates come and go, to get the best value is to buy now while low and hold for the long term...

[cockneyrebel] 22/8/2012 21:42

I totally disagree Barlick.

The long term incentive to hold is the divi. If you want the divi when do you buy? No good waiting until the divi is imminent, most of it will be in the price in all liklihood by then. Do you buy after the early Nov trading update or do you buy the month before that when many punters start buying ahead of trading updates? Do you buy ahead of the next Rightmove housing survey or the Nationwide survey or the RIC survey because if you buy after a positive survey then in all liklihood you miss 20p or so of the rise.

I'd say the only way you benefit from the 75p divi is to buy a dip and hold long term imo.

Like Questor says - PSN has risen so much recently it's hardly surprising there was a bit of profit taken but these were firming late today - my bet is after two days of that the buyers are back tomorrow.

CR

[barlick] 22/8/2012 17:38

The problem with this dividend scenario, of course, is that it offers no long term loyalty incentives.

Indeed, to buy now would seem premature if the yield is your motivation. Questor says buy on yield with some capital growth possible but, to my mind if yesterdays results did not pull the share price up I am not sure what will.

Realised 50% of my holding at a decent profit & will look to add on future dips.

If I held no shares I would be watching to buy near dividend date, as I feel sure plenty are.

IMHO - GLA

[eeza] 22/8/2012 17:26

Questor late to the party - as usual.


But better late than never.

Almost 11% yield. - Barking.

[cockneyrebel] 22/8/2012 14:52

Creeping back up - those brokers that have been talking PSN down are buying it up in the background imo.

CR

[cockneyrebel] 22/8/2012 12:01

Citigroup out with a Buy and an £8 target too.

CR

[charlotteandcressida] 22/8/2012 11:57

CR - Couldn't agree more, the dividend is an eye popping amount and I intend to accrue many more of these as funds allow...

[cockneyrebel] 22/8/2012 11:57

1049 GMT [Dow Jones] UBS increases its Persimmon (PSN.LN) price target to 820p from 800p. Says Tuesday's 1H12 results highlight better margin recovery and strong cash generation. Adds the group generated GBP112M of pre-dividend cash flow compared to GBP53M in 1H11. Notes higher land investment should see this decline to GBP55M in 2H12, but it estimates the group could generate in excess of GBP200M of cash per annum once it is delivering 15%-17% margins. Rates the stock at buy. Shares trade 1.9% lower at 684p

CR

[cockneyrebel] 22/8/2012 11:07

valedo - a 14 multiple only if you look at this year which is more than half way completed. Investec are forecasting 58p eps and a 75p divi making a fwd PE of 11.5.

If they are valued on a PEG basis the PEG is way below 1 which is generally regarded as cheap imo.

I hear lots of moaning about how difficult a market it is for investing but how many companies are growing profits at 65% and paying a 10% yield?

Seems to me the market knows the price of everything but the value of nothing and in a time when pensioners and severs are grubbin around for a 1-2% return they are missing stocks like this for long term income and capital growth imo.

All imo/dyor etc

CR

[charlotteandcressida] 22/8/2012 10:00

Totally new to these shares but simply could not refuse the dividend...

[maxk] 22/8/2012 09:21

Questor share tip: Buy Persimmon for income

Persimmon will return £6.20 a share over the next 9 years. Questor says buy Persimmon shares.



By Garry White

7:00AM BST 22 Aug 2012

[valedo] 22/8/2012 08:57

Analysts were impressed enough - Numis Securities, for example, upgraded forecasts twice during the course of the day from £182.9 million in pre-tax profits this year to £216 million and from £205 million to £242 million for 2013.

Pre-tax profits for the first half came in 65 per cent higher at £98.7 million. As to current trading, weekly reservations in the first half were 18 per cent higher. While the summer is inevitably a quiet time, reservations were 5 per cent up year-on-year and the autumn selling season has started favourably.

Against all this, the market had only one possible response. It marked the shares back 8p to 697p.

They have risen 27 per cent since May and most of the news is seen to be in the share price already. They are certainly challenging multiples. The shares trade on about 14 times earnings and an estimated premium to net assets of 20 per cent or so, which looks high enough. But that income stream may look attractive to some investors.
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