Persimmon 🏚 🔨 - PSN

Stock Discussions
7

Berkeley Group is the best housebuilder

8

Any reasons behind that statement?

10

Help to sell doing well for them, at least before the 2021 changes.

11

P/E is at 6, balance sheet matters less with a lower P/E stock.

13

BKG is still a good buy below ÂŁ38, the biggest risk is a full scale recession, where yes, these stocks will be cut in half.

14

The real estate market has been ruined by this “Help to Buy Scheme” in my opinion.
The whole English real estate market is in a big bubble ready to burst when the scheme ends in 2023.

Watch out for sneaky mice!

15

Many who used Help To Buy could have bought without:

So only got themselves to blame for negative equity.

1 Like
16

I used to deal with Persimmon at work, so on personal experience wouldn’t hold their stock, but might be useful for those that do!

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17

I would second what Codf says. They aren’t the real deal. #Scumstock

18

Possibly not for this thread, but god that’s depressing.

19

I bought a Persimmon home a few years ago. The build quality is dreadful and the homes are rushed. I would never buy into their stocks for these reasons.

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20

Even the show homes felt shoddy as you walked around them.

Cheapest materials, on the cheapest land built in the quickest time. No time for craftsmanship.

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21

Couldn’t agree more

22

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Persimmon CEO to depart after just 15 months in role

Group chief executive Dave Jenkinson will depart “in due course”, he said today as Persimmon revealed a drop in 2019 profit as it sought to improve construction quality.

23

Persimmon are paying 125p per stock in divedends this year. https://www.marketwatch.com/story/persimmon-fy-eps-gbp2-456-271646205734

2 Likes
24

This property developer builds homes across the UK under their different brands.

25

Nice dividend and rising share prices; surprised there’s no comments on here yet…anyone have an opinion on this one?

26

I’ve got a position in them. I really like them with the ever increasing housing demand and they pay a solid div

1 Like
27

Because this isn’t GME, Cannabis or SPACs.

On a serious note, this is a rock solid stock at this point in time with everything going for them - Buy to help, stamp duty holiday, 95% mortgage guarantee etc.

  • Growing revenue YOY *with exception in 2020 as expected
  • Increase in profit YOY
  • Debt free and surplus cash
  • Overall Analyst consensus is Buy to Strong Buy
  • Recent Director / CEO insider buying - always a good sign

—-

  • The macro picture, however, is the housing bubble will burst at some point

  • political changes

  • Cladding and associated legal issues

2 Likes
28

I’m quite liking this stock. Bought it a few weeks ago and it has done me well so far. Actually quite like the lack of discussion around it - it’s a low maintenance stock that I don’t have to check daily. My only regret was not buying more.

3 Likes