Tungsten Corp – argues swing to profit & “sales pipeline continues to grow”… so why are the shares lower?
Petards – argues interims “slightly ahead of the board's expectations”… so why the share price slide?
You know I have had a bit of a downer on housebuilders for a good little while now. More recently - back in April – I noted on Persimmon (PSN) that:
Did you see the weekend press article that mentioned Persimmon (PSN) might lose out on future Help to Buy contracts? As I started discussing here just under a year ago, such support mechanisms distort, fail to help the really needy and have allowed the housebuilding sector to do rather well in terms of profitability. This in turn led to the bonus scandal at Persimmon, where clearly a remuneration committee were asleep at the wheel in not capping more aggressively the rewards senior executives could make…
Hello Share Sighters. There are quite a few house builders to choose from and while some can't seem to go wrong, others do. One of the current factors in a builder's favour, or not, is where you operate. Persimmon (PSN) is based in York and most of its building goes on in areas which are not currently hit by a Southern fall in prices.
Jeremy Corbyn and the Labour Party are going to have a field day with a £650 million fat cat scandal which will explode within months at £7 billion FTSE 100 housebuilder Persimmon (PSN). Even as an ardent capitalist I am nauseated by this example of obscene fat cattery which shames capitalism,
Hello, Share Twisters. Two months ago I commended the big builder Persimmon (PSN) to your attention. The share price then was about 2220p. As I write, it’s 2636p. But there is further to rise, I fancy.
Hello Share Stackers. Though it sounds like a hero from Ancient Greece, Persimmon (PSN) is a popular British house builder. And it’s doing better than many of its competitors.
Hello Share Thudders. Despite the huge falls which befell builders once the Euro-vote results were known, I keep faith with the bricks and mortar trade. The whole world seemed to feel that Brexit was particular bad for the property market - since it was argued that foreigners would no longer want to live here. There is however increasing evidence that foreign buyers couldn’t care less whether we are in Europe or not.
UK housebuilder Persimmon (PSN) has emphasised that “trading through the first half of the year has been strong” and that “we believe… the UK housing market will continue to provide good opportunities”. Hmmm...
Hello Share Scribblers. This old punter believes that house builders, some of which have been on a roll in the last six months, will continue to be on one. I’ve looked at the odd building firm on this venerable website, but I don’t think I’ve pulled a magnifying glass on Persimmon (PSN) for a long time.
Persimmon (PSN) reported a surge in revenues boosted by rising house prices. The UK house builder sold 30 per cent more houses this year as it continues to benefit from the UK housing market recovery. With the introduction of government incentives like Help to Buy the housing market is showing no sign of losing momentum.
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