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PSN Persimmon Plc

1,560.00
27.50 (1.79%)
26 Jul 2024 - Closed
Delayed by 15 minutes
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
  27.50 1.79% 1,560.00 639,758 16:35:18
Bid Price Offer Price High Price Low Price Open Price
1,563.00 1,564.00 1,565.50 1,529.50 1,529.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gen Contr-single-family Home 2.77B 255.4M 0.7996 19.56 4.9B
Last Trade Time Trade Type Trade Size Trade Price Currency
16:49:11 O 1,280 1,560.00 GBX

Persimmon (PSN) Latest News

Persimmon (PSN) Discussions and Chat

Persimmon (PSN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 15:49:131,560.001,28019,968.00O
2024-07-26 15:35:191,560.001,90129,655.60O
2024-07-26 15:35:191,560.009,687151,117.20O
2024-07-26 15:35:181,560.00234,7433,661,990.80UT
2024-07-26 15:34:301,562.00115.62O

Persimmon (PSN) Top Chat Posts

Top Posts
Posted at 26/7/2024 09:20 by Persimmon Daily Update
Persimmon Plc is listed in the Gen Contr-single-family Home sector of the London Stock Exchange with ticker PSN. The last closing price for Persimmon was 1,532.50p.
Persimmon currently has 319,419,494 shares in issue. The market capitalisation of Persimmon is £4,995,720,886.
Persimmon has a price to earnings ratio (PE ratio) of 19.56.
This morning PSN shares opened at 1,529.50p
Posted at 08/7/2024 17:13 by sikhthetech
To back up my point about oversupply, future subdued house prices...compulsory purchase of land, social housing.....


More homes could STOP house price growth
The balance between supply and demand is another important factor in the health of the housing market.

If Labour really does build 1.5million homes in the next five years, that could result in an extra 65,000 homes coming on to the market each year than in 2023 when 235,000 homes were built, according to Government data.

More houses being available could also keep prices lower.

Just over a month ago, Zoopla reported the number of homes on the market has reached the highest level in eight years. It said the choice available to home buyers was helping to keep house prices in check, and that they had fallen by 0.1 per cent in the 12 months to April.

Too little supply means real house prices are five times higher today than they were 50 years ago, according to analysis by Capital Economics - whereas in the rest of Europe they are less than three times higher.

Andrew Wishart, a senior economist at Capital Economics argues that if Labour succeeds with its housebuilding targets, this could keep a lid on house prices.

'In the long run, we think a Labour Government will mean that house prices rise less quickly than we have become accustomed to,' said Wishart.

'Over the past 50 years, UK house prices have risen much more quickly than those in the rest of Europe because of insufficient supply.

'Labour is more likely to be able to meet the 300,000 new home target than the current government because it won't face as much opposition to making planning rules more favourable to development from its own MPs.

'Partly that is because it has a large majority, and partly that is because its voters are less likely to be homeowners than the Conservatives'.

'Moreover, the party's plan to reform compulsory purchase laws means it could require land a little more cheaply, which would help it to deliver more social houses and raise the speed at which the private sector builds homes.'

Wishart is also expecting Labour to continue to target buy-to-let landlords making property less attractive from an investing perspective, removing potential buyers from the market.

He adds: 'It is likely to make buy-to-let investment less attractive, reducing the demand from investors.
Posted at 11/6/2024 13:27 by sunshine today
The share price will tell.

umm, yep,it has, half the price of 3 years ago !,
Posted at 27/5/2024 23:17 by sikhthetech
Cala homes sale price is reported to be around £1bln.

Compare the financials with other HBs, like PSN/TW.

That tells you everything you need to know about the uncertain housing market and current valuations being achieved by HBs.

CALA - fy2023

Revenue : £1.255bln
PBT: £112m
Units sold: 2917
OM 10.9%
Contracted landbank: £8.8bln

And it's being sold for around £1bln..





TW:
Revenue: £3.5bln
PBT: £473m
OM: 13.4%

Current Mcap: £5.2bln


PSN:
Revenue: £2.77bln
PBT: £351m
OM: 14%

Current Mcap: £4.7bln



I'd say PSN/TW are hyped.

Best to trade hyped sectors.
Posted at 20/5/2024 09:39 by davius
House prices hit a new record in May, with the number of sales up 17% on-year, as the momentum of the Spring selling season continued. Rightmove's house price index showed the average price of property coming to the market for sale rose 0.8% in May to GBP375,131. The online property portal said pent-up demand from would-be buyers who paused their plans last year is a key driver behind increased home-mover activity despite mortgage rates remaining elevated for longer than anticipated. The number of sales being agreed during the first four months of the year is 17% higher than last year, outstripping the 12% increase in the number of new sellers coming to market. Nonetheless, the market remains price-sensitive with average asking prices just 0.6% higher than a year ago. Larger properties led the price growth, with average prices up by 1.3% compared with last year. Despite the uptick in prices, sales were taking an average of 154 days to complete, which Rightmove described as "painful". Rightmove's Director of Property Science Tim Bannister said despite the latest increase "it's important to remember that prices overall are still only 0.6% ahead of this time last year".
Posted at 07/5/2024 16:03 by sikhthetech
Cupra,

"The share price is still very very cheap Added"

You were saying they were cheap and adding when the share price was over 2000p 2 years ago!!! Whilst I was posting about the housing market/HB challenges. My stated PSN target price of 1300p-1500p.

The company/sector newsflow has been as expected

Those who shorted and then traded would have done better than those who simply added all the way down.


Cupra Kid22 Jun '22 - 13:03 - 2784 of 5507
Cheaper than chips at the mo. Medium/long term got to be a winner.
Posted at 12/3/2024 17:49 by time 2 retire
So a rubbish update released, share price crashes and director buys in cheap!
I expect better news to be drip fed throughout this year aka last year and the share price to gradually rise.
By painting a very bleak outlook any better news will be greatly accepted by the market.
Posted at 12/3/2024 08:22 by stevensupertrader
If dividend was maintained (60p) in 2024 - yield is undef 4.5% at current share price below the FT100 average. My view iis why shareholders. Buy PSN , must as well sell PSN and nice to Taylor Wimpey or BDEV giving much higher yield - no brainer
Posted at 10/1/2024 15:04 by sikhthetech
t-trader,

BBs are better when there's info which readers could find useful for everyone to make an informed decision.

I posted my opinions based on my research and experience. The housing market and HBs newsflow has been as expected, inc PSN share price
Unless you think the BoE increased interest rates after reading my post. Honest guv. ;-)



I backed my assertion, shorted HBs and then have been trading.


TLY announced a £13m one year contract extension, 30% uplift on the current one.
Mcap £10m

I see significant upside in TLY.


Prove me wrong, back your assertion, load up here at 1450p, don't sell a single share and hold for 2 years. Let's see which performs better.
Posted at 20/12/2023 16:16 by cupra kid
Sikh will always pick up on anything remotely negative. I note he hasn't mentioned anything about wages being at record highs or maybe energy bills, from April, set to be at their lowest levels for two years. We can all post things to suit a narrative but if you do your own research you'll know that the PSN share price is stillvery much undervalued.
Posted at 04/12/2023 09:42 by beckers2008
b,

I agree, historically in normal decades gone by, for short term traders, the adage was buy in Nov/Dec and Sell in April/May.

The start of this decade has been anything but normal giving investors extraordinary opportunities.
PSN share price holding above £12.20, investors starting to see value in HB's now, looking ahead to the end of 2024.
Persimmon share price data is direct from the London Stock Exchange

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