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csdi/banburyboy/oldguy1/stevebt, I would like to thank you all for sharing your opinions on PSN, one things for sure we have been in a very unpredictable world the last few years, I have a selection of high dividend shares, which i like to try and improve on by topping up when the share price drops below my average, that way you know your improving the value of the shares you already own
when buying a new share your unfamiliar with, you always have to be mindful that you can lose more money on your capital than you receive in dividends, although there's never any certainty it will go in the direction your hoping for, its good to get a number of opinions from other investors, I agree this one seems like it's worth holding onto, and if not rewarded this year will collect the dividends until and wait for recovery
Cheers guys, and hopefully we can all make a good profit here
Psn”s share price dropped to £2.20 in the 2008 crash and it took a few years for it to rise to about £6. Only after announcing the help to buy scheme did the share price to start to rise and a good price for psn was £26 until in 2019/20 it hit £33 which had never been seen then after a COVID fall it rose back to £32 then slowly started dropping.
I do think this will hit £33 again probably next year and it will probably be about £40 in another decade or less but an average high for psn is normally between £26-£28.
I plan to hold my psn shares well into my pensionable age as I’m more interested in the dividends as an income but if this share rises I do plan to trade it but no one knows when is the best time to trade so it’s all down to luck.
CSD
I think this is a solid realistic view of where we are. So many factors may or may not come into play, and perhaps on balance it would be wise to wait and see what happens to the share price pre and post Divi, I have a sneaky feeling when it settles it may be a little ahead taking the Divi into account, but only time will tell.
CSD recalls the fall in 2007, and there was also a fall only a few years ago where the sp dropped from GBP 30+ to around GBP 14 in almost no time , and in only a few months it had rebounded above GBP 30 again.
I think these falls and recoveries fairly reflect the fickleness of the market, and the underlying strength of the Company and the SP, and it has proved very resilient over at least 15 years.
So I guess it all boils down to timing issues ...what is it they say in "Trading Places"...buy low sell high :-). If you are "Day Traders" that is something else, but in the longer term I doubt many of you will be disappointed in owning PSN shares.
Strange one this guys I put my £20k ISA in this at 21.40. Optistically I'm hoping for 50% with dividends in three years.
Could well be a recession but will be mild. Central banks don't raise rates as much as they used to, most mortgages are fixed or tracked so inbuilt protection, banks have less exposure to high LTVs and huge buffers. Supply of homes limited and demand high. My money is on very gentle levels of GDP decline and no shocks. Biggest risk is Ukraine getting out of control and China's strange covid policies. Solve those and economys would road back.
Rob
None of us know the future - it's about weighing up probabilities - assessing risk/reward and having a plan.
The UK house market continues to defy gravity for now - but how would PSN do if we have a stinking recesssion and high inflation ?
High inflation leads to higher costs and I would expect this to be covered by higher house prices, retaining the impressive margins and profits made by PSN. A recession however could strangle demand, and potnetially send house prices down - something we've not seen for well over a decade.
Questions are
a) do you have better investment options
b) is it safer to be in cash and wait and see for a while
c) do you just sit tight and hope any falls in the SP recover over time.
For me I will wait and see how we do over the next couple of weeks and may consider selling on/day before ex-div date as recent history suggests the ex-div drop will be greater than the divi. I have a target of £25 to sell my first batch which may or not materialise. I can remember buying PSN at about £7 in 2007, and watching it fall below £4 in the crash. Never thought it would get to £10 let alone £32 or so. It must have paid more than £7 in divis in the last 4 or 5 yrs, so imagine if I still held those old shares.
As they say - past performance is no guarantee of future performance. Fingers crossed.
I am holding for now, and will review nearer ex div day,
Good luck whatever you decide
Cheers - C
Hi all , thought the share price would have risen a lot more by now, and starting to have mixed feelings about this one
with 10% inflation rising interest rates and the house prices seem to have maxed out, maybe a house price correction and recession to come, ok the dividend is good but two down days and that could be wiped out
of course i could be completely wrong about all of this
Can i have your thoughts on this please guys
Thanks