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.... quite a bit of selling activity ....
I'm not sure I'd pay too much attention to the description as 'sales'. I know that my son made a couple of purchases yesterday (not the large ones you referred to, mind you) and they were both shown as sales by LSE. Stick with Strictly's 'half full' narrative.
A couple of large sales today - 100k & 150k shares. Seems to be quite a bit of selling activity last few days in general.
Anyone have any idea if there's any news behind this or maybe just normal fluctuations.
"Painful isn't it?"
.......................
Oi Oi, if you take a glass half full approach to this, Inland currently sells at around 0.75 PBV compared to Persimmon's 3.0 PBV.
That means you get four times the bang for your buck on all dividends paid out by Inland compared to those paid out by Persimmon.
And Persimmon pays a lot out in div, most of their earnings, in fact ~ no doubt to dissuade Sid & Doris from thinking it through too much...?
And Inland don't pay out much div, which means that although they have a somewhat inferior trading performance than Persimmon, their book value per share has still grown at twice the rate....
And when the happy day hopefully finally arrives for Inland whereby they've reached a more worthy price to book value, the bonus is that, on current trend, it'll be based on a relatively higher figure than Persimmon as against where the respective companies are right now...?
And, meanwhile, if Sid & Doris do finally wake up and smell the coffee, divi brand, well, who knows where Persimmon's PBV might end up....?
I would have thought that, starting as they are from 3.0 PBV, which is 50% higher than normal peak values for house builders in the good times let alone still coming out of covid, there's surely only one direction that can travel in..?
Which means Persimmon investors are far braver than me, sir...
Patience, Grasshopper... :-)
Strictly
As Slipknot sing - "I push my fingers into my eyes".
Patience is a virtue as they say. Maybe we'll have to wait until the next set of results come out and hopefully see some progress on the issues from the Covid year.
Painful isn't it?
Let's hope we see an uptick in the share price soon as well lol.
Positive news with a welcome significant contribution to debt reduction.