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Down Monday
Steveb is the reason it took so long to grow down to having a market beating dividend behind it?
I remember GSK, Imperial tobacco etc with 5.5-6.5% divi’s then.
Those with high dividends do not grow as fast as 2% dividends like AZN.
Christofer I have not moaned I am in PROFIT WITH PSN and will keep investing in psn More bargains to be had with these shares due to the political climate .
Swap rates are rising. Particularly yesterday
All shares need volatility, PSN is no different. The latest dip allows accumulation and entry for those with a long term horizon. This continues and the share becomes like a coiled spring - just waiting for the next leg up
New government in this year, trying to please everyone, easiest way to do that is the housing market. It is cheap at these prices on that basis. A little interest rate drop, new help to buy scheme and the ship will have sailed. All that with a dividend. Very little to worry about I'd say.
Chin up! It’s still a good price for this share, long term. Just got to keep them for a while longer. They’re a 5 year hold right now anyway.
All you guys why think drops are funny and LOL I hope you are still laughing now and the odd person who keeps going on about wanting a drop to “top up” (yawn) well , you’ve got it , so don’t start moaning or crying now . I’m sure at some point this year , this will take off, in the meantime (again) I wish I’d sold at the high £14s and gone back into the steady oil industry. Anyway, I’m telling myself this will be one of the bumps in the road along the route to recovery. No idea why it dropped today , I haven’t studied the news yet .
Just my luck, i decided to top up here yesterday, then it does a nose dive, my share buying timing is pretty awful
Anyone know why the drop 2day? 🤔
I was looking at how Psn share changed after the financial crash and it took till 2014 to get where we are now then a further 2 years to get to £22 as I remember it being that price just before the brexit vote then directly after that it dropped to £13 and took nearly a year to get back up to where it was.
I do not have a bottomless it of money I am picking this up for 1400-----1420 happy too do this got some @1404 this morning :-) this is a long term hold.
I thought you wanted the drop, you can’t have it both ways.
Buy it
This drop :-(
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
Https://www.cityam.com/barratt-and-redrow-announce-2-5m-megamerger/
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
Down to-morrow a little
Got some and will l get some on Wednesday
Not far off that now.
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!