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House builders under the cosh..
https://news.sky.com/story/what-the-takeover-of-redrow-by-barratt-developments-could-mean-for-the-number-of-homes-being-delivered-13066084
So, I’m new here, got two US home builders whom are doing opposite of PSN, so thought I come and see what we can make of this one.
Iv looked at a simple moving average and I’m sure I can see 1372p as next support area. If it breaks that then 1281p.
For now it’s on my watchlist for an entry in March. Hopefully BoE will lower rates by May - June..
When interest rates godown this will be a top performer. Guaranteed
Hopefully
Got some and will l get some on Wednesday
We will drop a bit say 1395 - 1405
Morning,
Certainly a different approach from when Jeff was in charge. The days of paying out nearly all profits to shareholders has passed (as stated) along with Jeff leaving and lining his pockets with share price related bonuses. (Remember him storming off a TV interview when quizzed about it?) Will we see 3X book value again, maybe not? Based on unit figures, the trading update, stating margins in H2 will be similar to H1, I’m expecting pre tax profits around 350m. Then there is the additional tax implications (6% I believe? ) kicking in. Hopefully no one offs to take that lower. Only my guess though.
Important week ahead kicking off with Bdev, RDW, & BWY on the 7th, 8th & 9th. Interested to see what Redrow have to say, if their lower chain cancellations has improved any since their November update
Happy in the middle to long term for them to underpay the dividend now as long as the profits are wisely reinvested so that the company is ready to push on when the inevitable house building boom happens again. IMO Interest rates will drop this year and there will be a house building push for 2 reasons - 1) there is a massive shortage of new housing 2) there is a general election coming up where the Conservatives will attempt short term bribes to gain votes, such tactics as help to buy schemes.
All in all a smaller dividend now to ensure quality preparation for this should result in a higher share price and much higher dividends in the long term.
All good in my eyes!
Lol christofer, last Friday at around 2pm PSN dropped from 1471 to 1446.5 suddenly. I wasn't joking.
“I was looking thru an old trading report in persimmons office and it was from 2014 and they made about £380m profit that year and paid a dividend of £1.10. So they are in better profit and will be under paying from that year based on my expectations.”
I welcome other’s views on this, but am not sure if we can read across based on headline profit numbers. In 2014 the company was actively pursuing a policy of returning capital to shareholders and had an extremely strong balance sheet. That balance sheet isn’t as strong now.
I am happy to be wrong on this and pleasantly surprised ;)
I was looking thru an old trading report in persimmons office and it was from 2014 and they made about £380m profit that year and paid a dividend of £1.10. So they are in better profit and will be under paying from that year based on my expectations.
I’m hoping between 40-60p as they have more than enough money to pay that and still leave a lump in the bank spare.
I don’t have as many shares as topher but I still have about 12000 and I plan to add another 2000 this year. I have seen some big drops in my account but I just shrug it off as I know it will rise and a drop certainly wouldn’t affect weekend!
Stevebt
not going to be much last one was rubbish
We should find out when and how much it will be when they do a proper update on march 12th.
Hi all.anyone know when the next dividend is please
Time to draw a line under this one guys agree Gary
Time to draw a line under this one guys or this board will become like the LLOY one. Also, for the sake of some brevity I sadly laugh very loudly at my football team (play in blue, spent over a billion £’s on players) bloody Americans!!!
Christofer , by comparing this to football , and not being to laugh at your team losing , you show that it isn’t just a case of you taking your finances seriously.
You take life too seriously.
You shouldn’t invest so much that short term volatility has you being all serious and enough to spoil your weekend. 3 months of share price decline of 15% perhaps. But not 1.5% down on a Friday.
Yes you should be able to laugh at drops , within reason. As the path to glory is never a straight line. Put another way , the path to glory is never as straight laced as you.
Meconopsis , why would you want to laugh at a drop if you are a SERIOUS investor . I know what I’m doing thank you and I have plenty of money/assets that aren’t invested.
I’ve made six figure paper profits in 12 months and this is not my job so I don’t need some stranger telling me about investing. If you laughed at your favourite football team losing or favourite sports star losing then surely you agree it’s a strange reaction, so maybe I’m passionate about my investments, therefore when they lose (drop) I’m disappointed.
Meconopsis
Totally DISAGREE WITH YOUR POST .