We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
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 :-(
Did you have the charts up the right way?!
A good time to sell up then as you can buy them all back £4 a share cheaper in a couple of months.
I have been looking at some graphs to-day, and prediction that we will drop to 10 in july and the up to where we are now by august just hope PSN numbers are good and the dividend
The bank of England s mouth opened his mouth to-day saying that he could lower the interest rate before we get inflation at 2 % result PSN started lift off and then no follow up from B of e psn fell back lol . I hope we never go back to very low interest again. with easy money.
It turned positive @1406 to day 12.54 thought that it would continue down with no direction ? to day.
Will the 12th march not be a top up day as its final results and they will say how much the next dividend is and I know a lot of houses were given away cheap to social housing companies so it’s a coin toss as to wether they rise or fall?
Looks like another chance to get a bargain again in this firm this afternoon :-)
Https://www.cityam.com/house-sales-surge-as-green-shoots-emerge-in-property-market/
Stevebt is spot on about handling losses. I'm really well qualified to be an investor because I've had so much practice at handling losses haha ! Still remaining optimistic about Persimmon prospects though now that we can almost sense a positive housing market just over the horizon, been wrong before though.