Buy
Sell
Share Name Share Symbol Market Type Share ISIN Share Description
Persimmon Plc LSE:PSN London Ordinary Share GB0006825383 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  14.50 0.77% 1,909.00 1,711,681 16:35:23
Bid Price Offer Price High Price Low Price Open Price
1,909.50 1,911.00 1,919.50 1,892.00 1,900.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Household Goods & Home Construction 3,610.50 966.80 246.80 7.7 6,095
Last Trade Time Trade Type Trade Size Trade Price Currency
18:28:12 O 10,746 1,910.82 GBX

Persimmon (PSN) Latest News

More Persimmon News
Persimmon Investors    Persimmon Takeover Rumours

Persimmon (PSN) Discussions and Chat

Persimmon Forums and Chat

Date Time Title Posts
27/6/202209:08PERSIMMON PLC - THE CHARTS2,808
10/10/202008:59current market1
10/10/202008:59Persimmon UP UP UP14
10/10/202008:59PSN1,174
03/1/201021:52Persimmon - down 5% in a day! What's all that about?2

Add a New Thread

Persimmon (PSN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
17:28:121,910.8210,746205,336.72O
17:12:551,901.471,35925,840.94O
17:07:331,909.002474,715.23O
16:57:071,909.078,454161,392.86O
16:55:401,909.0089717,123.73O
View all Persimmon trades in real-time

Persimmon (PSN) Top Chat Posts

DateSubject
28/6/2022
09:20
Persimmon Daily Update: Persimmon Plc is listed in the Household Goods & Home Construction sector of the London Stock Exchange with ticker PSN. The last closing price for Persimmon was 1,894.50p.
Persimmon Plc has a 4 week average price of 1,770p and a 12 week average price of 1,770p.
The 1 year high share price is 3,099p while the 1 year low share price is currently 1,770p.
There are currently 319,301,864 shares in issue and the average daily traded volume is 1,250,601 shares. The market capitalisation of Persimmon Plc is £6,095,472,583.76.
23/6/2022
14:44
spectoacc: I'm not optimistic, but I am long :) Simply a case of believing PSN share price is pricing in far more than what currently looks a worst-case scenario.
22/6/2022
08:19
ymaheru: I basically agree with SpectoAcc, but think we can’t rule out nominal falls in prices (like 1982-85 era, from memory). Over 6 or so years prices fell 10% while inflation was about 27%. Real terms fall c35%. YET, I think that’s mostly priced in here. Also, let’s not forget that PSN are cash rich so don’t need to go to distressed pricing. New build house prices drop less than resales in recessions, anyhow. Like SpectoAcc, I can’t call it, though.
02/6/2022
18:30
turvart: Don't you think your over thinking this cooling down of the housing market? I wouldn't let it prevent you from buying into a bloody good company with solid fundamentals and over 88000 plots on the books for future development. From an Investment decision PSN has a relatively low PE ratio of approx 9, Net assets of 3.6 BLN of which is not to be sniffed at given the MCAP is only 7 BLN. The EPS is growing year on year and PSN look strong to continue their dividend policy of which at these share price levels is well over 10% and IMO it will not get cut but actually increase. PSN certainly has a solid place in my portfolio.
30/5/2022
15:37
ymaheru: They’re predicting house prices growth will slow to just 3% later in year. Not quite a crash, but I think PSN’s share price suggested most investors are bracing for one.
18/5/2022
12:41
turvart: The property market is a nightmare at the moment, properties are selling fast, I can only imagine PSN homes are sold before built and probably can't keep up with demand, I think there will be a 12 month lag on PSN share price then it will slowly rise and IMO maybe get as high as £40 area. I added to my portfolio again today, this share price is a bargain with how the housing market is going and also 110p divvy EX-div 16th June, will be at least £24 by then AT LEAST!!
15/4/2022
16:21
beckers2008: And from the FT. House prices to fall? Definitely, but not quite yet. While values are high, real interest rates are negative, making homes surprisingly affordable. Average house prices were up 10.9 per cent in the year to February. Nothing says out of touch to the UK electorate more than their leaders having too many houses — and in particular too many expensive houses. No one was madly impressed when Tony Blair spent £3.65mn on a Georgian townhouse in London when he was still in office. Peter Mandelson was forced to resign over a home loans scandal in 1998 (it might not have not have been such a big deal had it not been an expensive Notting Hill flat).  Then there is Rishi Sunak: his houses probably aren’t top of his worry list this week, but having four houses worth £15mn and being in middle of spending £250,000 upgrading one is not a great look. It all makes perfect sense as shorthand for out-of-touchness: the price of houses in the UK makes having a property portfolio very much an elite activity. Look at the latest numbers. Average house prices are up 10.9 per cent in the past year to February — to £276,755, according to ONS official data. New-build prices rose 19.3 per cent, detached 14.4 per cent and flats 8.1 per cent (everyone still wants a garden). Even in the worst-performing region (London!) prices rose 8 per cent. The Halifax numbers out last week showed a similar move in March — with prices up 11 per cent and some 18.2 per cent since the beginning of 2020. This is obviously nuts — average pay is up only 9.9 per cent over the same time period. The house price-to-earnings ratio on Halifax numbers is now 8.4 times — higher, as Capital Economics, points out than the peak just before the 2008 global financial crisis, when it stood at eight. These numbers come in the same week as we learned that inflation in the UK is running at 7 per cent and likely to stay above that for some time: it is, say ING bank analysts, “unlikely to fall below 7 per cent this year”.  That means interest rates — and mortgage rates — are on the way up. The average quoted rate for a new two-year fixed mortgage with a 75 per cent loan to value ratio jumped to 2.12 per cent in March, says analyst Pantheon Macroeconomics. That’s the highest since late 2014 and up from 1.76 per cent in February. It is also forecast to hit 2.7 per cent by the end of the year — at the same time as real household disposable incomes are set to fall by 2.5 per cent this year. At the same time, says Hargreaves Lansdown, lenders are “increasing the assumed [household] costs in their affordability calculations”. That’s going to make it harder to get mortgages. Are there signs that demand is not as hot as it was? Google Trends data offers a clue: search data for the big property websites is only 5 per cent above 2017-19 averages, having been 15 per cent higher in the pandemic months. There are also, say Pantheon, “tentative signs” of a rise in supply. The average agent has 38 homes on their books (against a long-term average of 55) but the latest Royal Institution of Chartered Surveyors’ survey data suggests a sharp rise in new instructions. Overall it seems obvious that this house price boom must end — and soon. Or not. Interest rates are still almost ridiculously low by historical standards. The last time inflation was this high, the base rate was 10 per cent. Today, if you have a deposit of 40 per cent or more you can get a 10-year fixed-rate from Halifax at 2.48 per cent. Have 25 per cent and the rate goes to 2.58 per cent. Long-term borrowing at 5.5 percentage points below the rate of inflation? That is as close to free money as you are going to see this year. At these levels the cost of servicing a mortgage is more manageable than it has been in most other periods. In the northern regions of the UK, notes Capital Economics, a consultancy, the cost of servicing an 80 per cent mortgage on the average house remains below its long-term average and even in London (where house prices are about 50 per cent overvalued in house price-to-earnings terms compared to the long-term average. Prices only look about 7 per cent too high if you consider them in terms of monthly payment affordability alone, again relative to the long-term average. The Bank of England’s bank rate would, says Capital, have to hit 3 per cent for affordability to deteriorate to the same levels in London and the south-east as before the 2008 financial crisis and, even at 3 per cent, the rate would still be very negative in real terms. It is also worth remembering that most mortgages (just over 80 per cent) are on fixed rates and those remortgaging this year will be doing so with lower loan-to-value ratios — due to rising house prices — and so may well see their rates rise very little, if at all. Even if they do, any rise could be offset via the very tight jobs market — and rising wages. Note that average pay growth in the private sector was 6.2 per cent between December 2021 and February 2022 — and that overall growth in total pay kept pace with inflation. Workers are more aware of inflation now than they were even a few months ago — and prepared to ask for pay rises to match it: it is not a given that real earnings will fall. The upshot? Even if buyer numbers fall off, there will not be the sudden rush to sell you might expect if rate rises were to push mortgage holders over the financial edge Finally, it is worth casting your mind back to the early 1970s. Much was different then — mortgage lending was just opening up to dual income for example and house prices did not start the decade expensive. But nonetheless, prices went bananas. Land Registry data tells us they more than doubled from the start of the decade to the end of 1975 (from £3,950 to £10,000) and doubled again by 1980 (£19,273).  Over a horribly volatile decade, money invested in property just about held its value — while that invested in the stock market did not. Those nervous of losing their cash to inflation may well have noted this: there is a record £1.9tn on deposit in the UK at a time in which deposit rates are at a record low. Keep your money in cash and with UK CPI at 7 per cent you are guaranteed to see the purchasing power of that cash fall by over 6 per cent every year. Put it into property and you might think you won’t. None of this suggests the boom can keep going indefinitely. It can’t. At some point reality will catch up with prices. But it does suggest that there might be a year or two left in it. This won’t make the value of Sunak’s houses less irritating for voters. However, there could be a positive in it for Boris Johnson: he appears to have a cottage in Oxfordshire and a flat in Camberwell. But no mansions. Merryn Somerset Webb is editor-in-chief of MoneyWeek. The views expressed are personal; merryn@ft.com; Twitter: @MerrynSW
01/4/2022
09:48
beckers2008: Buybadly, The Adfvn resident doomster! All the AZN BB miss you for your constant 'The world is gonna end' Blah, Blah. You haven't been there for a while, maybe because AZN has surged to over £100! All the bad news is in the price for HB's and you have missed the boat if you are short. Imo, HB's will be making a strong spring recovery but I would say that because I am long now. PSN Divi payment date today, some might be loading up for the 11% yield, ridiculously cheap share price Bye Bye Buybadly and stop infecting our BB's.
27/3/2022
10:51
karv1: PSN sells some of the cheapest housing compared to other housebuilders. The 11% dividend does not mean it is not sustainable. PSN has 5 years worth of land bank 1.3 billion cash, 3billion in inventory with a 4% to 7% growth target. PSN average sell price 236k versus the UK average of 270k though this might be a north v south reasons, one could argue if house prices were to go down, the south side would be far more affected than the north. (In a worst-case scenario) If house prices were to go down by a huge percentage the strongest housebuilders would survive and become even stronger while others mostly small to medium ones would go bust. Housing is an endless cycle and inflation would do a full circle and hose prices would rise again with a forever growing population and an unlimited supply of new customers wanting to buy. The seesaw would eventually balance out again.
05/3/2022
10:07
karv1: I am surprised housing has not done better. PSN for example all UK-based with 1.3 billion sitting in cash with 6 years worth of land plots if 14k is used per year. Then there is the 10.1% dividend. There are no guarantees but they could cut back on the 450m spent on land I am guessing if house prices go down with a 6-year land bank. Before this crisis with hindsight cash would have been the first choice. When you look at the top 10 dividend stocks in FTSE they have been turned upside down and sideways the likes of MNG TW. are down around 20% EVRAZ and POLY FXPO are in meltdown modes I think the biggest risk to PSN share price is that if the Financials companies go down so low that their dividends will overtake PSN which could drain dividend chasers from PSN.
10/1/2022
06:40
nick100: Why FTSE 100 share Persimmon may still offer value for money By Robert Stephens, CFA 06 January 2022 FTSE 100 housebuilder Persimmon (LON: PSN) could still offer capital growth potential. Persimmon’s share price has gained just 5% in the last year. This represents a nine percentage point underperformance of the FTSE 100. A key reason for its disappointing performance could be the prospect of rising interest rates that make houses less affordable. Meanwhile, the proposed end of the Help to Buy scheme, which provides a government loan to first-time buyers, in 2023 could also have affected investor sentiment in recent months. However, modest interest rate rises may fail to end recent house price growth. After all, homeowners currently spend around 30% of their earnings on mortgage repayments, on average. This is significantly below the 46% figure recorded shortly before the global financial crisis. Furthermore, government support via the mortgage guarantee scheme, through which homebuyers require just a 5% deposit, may help to maintain high demand for new homes. Persimmon’s share price appears to include a relatively wide margin of safety. It currently trades on a forward price-earnings ratio of around 12. With a strong balance sheet, a large land bank and the potential for continued high demand for new homes, it could be well placed to deliver stronger performance than the FTSE 100 over the coming years.
Persimmon share price data is direct from the London Stock Exchange
ADVFN Advertorial
Your Recent History
LSE
PSN
Persimmon
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20220628 21:49:47