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I was too early yesterday and could of got another 29 shares trading today
Hi Steve :-)if I don't get it to day will never get it, Mind you states went down a bit yesterday I think i reed so maybe might be lucky
Maybe tomorrow?
Would like this
One does feel that someone makes this stuff up -its a regular occurrence in the banking sector and the SP remains somewhat subdued for a lengthy time as the process lingers on for Months and Months .
Well done mate 1359 did break bet i was being greedy was looking for 1449 but to much to ask ;-)
It’s clear to see what price sales are on a specific site as it will be online or in the sales office so if other builders are say £40k astray it’s just normal for people to adjust their pricing structure. The rental sector is doing this all the time .
Bought another 1k today at £13.60 so I’m happy enough
For those that haven't seen this;
"Housebuilders may have shared information regarding pricing, incentives and sales rates. While it is not named as a primary factor in the under-delivery of new homes, it is still possible that firms are found to have broken the law, and fines may be levied as a result.
It is difficult to judge the probability of this outcome. While the property market does not have a reputation for arch-secrecy, it’s also unlikely that a series of “smoking gun” emails will be found in senior executives’ email accounts. How strong a conclusion the investigation comes to, and what the impact on the housebuilding firms will be, remains to be seen."
None of this is good news & it will undoubtedly subdue the SP for some time.
This is just a smokescreen to cover up Gove and his inept governments failings!
Disappointed that the price did not drop more
Porsche1946 Same old lol
Completely agree. I suspect the sharing of info particularly relates to big sites where there are multiple builders on one site. They will want to agree a broad pricing structure between them so as to hit the market at the right level. Every report has to find something otherwise why bother. Suspect they’ll be told to improve their practices get a slap on the wrists and maybe a fine. Has made Gove look pretty silly. The much worse outcome was they were found to be hoarding sites and forced to break up their labd banks. That would have been bad.
UK listed shares are now known in the city as the “ bug zapper trade “ 😂😂 Does anyone actually buy dosgshyt uk shares anymore really? Stick to S&P trackers and buy growth, dividend dross like this the fast way to lose ( most ) your capital.
In essence has delivered a double whammy to the government along the lines ' well the problem isn't the builders not trying hard enough ' and the second point is 'actually it is the planning system which you lot run'.
By way of a sop to Mr Gove they will now investiagte whether there is sharing of prices and we know the answer to that ; 'yes these builders employ estate agents who advertise the prices for all to see'. ffs no wonder the UK is becoming un investible - we paid for the governemnt failings on cladding regulations , surely we should pick up the bill for housing asylum seekers - I mean we did'nt build enough houses for them and they have to go in hotels.
Judging by the price drop today I reckon they are getting ready for more drops after the 28th?
If there is a big market for the people who need the houses then why aren’t they buying them? Pointless house builders building lots of homes to lay empty as no one is buying. If the government is wanting lots more social homes why
Don’t they fund them and they would be built.
It will be interesting to see what the company have to say about this. I would expect an RNS within 24hrs explaining their position. And hopefully denying everything!
From the news feed
Britain's reliance on speculative private development had led to a widening gap between what the market will deliver and what communities need, the CMA said, with developers producing houses "at a rate at which they can be sold without needing to reduce their prices, rather than diversifying the types and numbers of homes they build to meet the needs of different communities".
The statement describes the private developers business model,, but what's new. The use of the adjective 'speculative' suggests a political influence, M. Gove?
Must be a general election coming and ground work being laid to protect the conservatives NIMBY narrative. It's not us, it's those nasty private developers.
This should give us an indication of how the market will move for Psn and all other house builders?
Snake oills like this will help a little but the mortgage rate dropping is the key to restarting the market
Hi all,
Hope you're all very well.
As some of you may remember, I check in to this board from time to time, as the chat is generally great and helpful - although seems a little strained at times currently?
The reason for coming through is that I'm surprised that there has been no discussion about the possibility of the government guaranteeing a 99% LTV mortgage with only a 1% deposit needed and which may well be announced at the budget on the 6th March 2024.
Now I realise that this isn't a Help to Buy scheme and it doesn't sound like such a scheme is being 'touted' for the budget, but as a 95/5% scheme is still available today for new buyers, do you believe that the above will 'fire' things up for the HB's or not - genuinely interested in your thinking and huge thanks
RBC raises Persimmon price target to 1,550 (1,300) pence - 'sector perform'
Will rates due to drop & a GE I can only see this share going in one direction.
Either a sweetener from the tories pre election or a free for all from labour post election, new builds will be increasing.
And all that's without the new arrivals which at best will remain circa 750k pa, but with the likely change in govt and continued fighting in Ukr & the Middle East will probably be 1m+.
LOL YOUR FUNNY mind you I got a response but not a constructive opium mmm :-(