Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video 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.
Hi csdi, thanks mate, this will probably rise now I've sold up, i just think the housing market is in for a tough time and possible house prices will fall, but that's only my opinion and i may well be wrong about that, may buy back in here at a later time, but hope all goes well for you and other holders
Best of luck all
Hi Rob
Hope that works out for you.
My number of shares is so small, it makes no sense to sell and buy back unless it was certain to drop a fair bit more than the divi to cover the commssion (x2) and stamp duty costs. If the SP does fall then I will get an extra bit with my drip.
Short termism does not help, and I am hoping for a rise to at least £25 to start with.
I think if you have several grands worth, then it could well be worth the trade as history suggests the drop wil be more than the divi. Any bad news and you are on to a winner as the SP falls more, but a surprise bit of good news could leave egg on the face. I've tried it both ways over the years ... some we win but more we lose LOL
GLA - C
Well i have just made a decision and sold up for now, but good luck to all that are holding on
So here we are with ex div tomorrow of 110p.
The price has meandered up and down over the last few weeks, but we are a few percent below the previous posting back in May.
Therefore I am a little disappointed that we have had not had the rise leading up to ex-div, but it is no surprise esp with lurking interest rates, inflation problems, potential labour supply issues.
For the day traders its decision time - do they sell today and hope to buy back lower.
For me as a LTH no decision to be made, and I only have a few shares so it would cost to sell and buy back in.
I am happy to bide my time, wait for the divi, and then re-invest on the drip. If the SP is lower when the divi is paid next month, should mean we get an extra 5% or so in shares.
No reason why the SP won't climb over time, as profit margins still look good, and there is no lack of demand.
In the sector Crest nicholson had a good report yesterday, so let's hope PSN mirrors this when H1 results come out on 17th august. Before that we have the Trading update on 7th July, which will no doubt impact the SP for divi payment on 8th July.
GLA - C
I am glad I got in the bulk of my money in a few days, I didn't get in at the bottom but I'm happy with £21.16 . PSN has had a good little run in the past few days. I am now saving up and plan to buy more once it goes ex-divi and then I will hold until we hit £28 and then sell the lot.
I am happy to sit on this till we reach there. The dividends are good and the war can't last more than a few months, we all hope!!
Wiscos, I've had PSN only for the last 6 months or so. I'm just pointing out my capital loss leaving divis aside. Of course they should be accounted for.
Hi Throne
My first target of £25 is based on a plan to realise profits at different stages if I can, based on my original cost.
Whenever I buy any share I have a plan to sell at certain stages based on historic prices.
Sometimes I buy looking for a small % - with a hope to buy and sell and repeat.
If I can make 10% profit two or three times in a year, then I am more than happy.
I am not a Warren Buffet - who believes in buy and hold forever - as I've had too much experience of watching shares rise only to see them fall and not recover.
With PSN I've bought 3 small batches over the last 3 months or so. If we do not hit my targets, then it is a matter of hold and collect the divi, which at over 10% currently is a healthy amount.
I would be happier if the SP got back to last years levels around £33 but think that is unlikely this year.
Cheers - C
With dividends of £2.35 or 7-11% over the last few years, seems rather odd not to take them into account!
CSDI. Your "first target of £25"; how did you arrive at that number....as opposed to £20 for example? We could be underwater here for years. I admire your ability to hold your breath! I'm about 10% down at the moment but not taking into account dividends.. It could be a year by the time I break even. What's your timescale for your target? What's your rationale? I have to say that PSN is my lowest conviction holding of all my UK shares.
Ye-Hah, Whoo-Hoo
A nice little rise today has taken me into profit territory - for now.
Will patience be enough to see this make further rises into ex div day, or will market fears come back to bite us ?
A long way to go to my first target at £25, but will it get there ?
GLA - C
Now there was a better day, up 43p or 2%.
No rush but would be nice to see a few more positive days.
I think some are looking for PSN to get back over £30, while I prefer a staggered target approach, starting with £25 for one of my 3 batches. Not likely to hit this before ex div, so could be a long haul after the 110p expected drop in mid June.
Funny thing is you never know when the SP will rise (or fall) and how far it can go.
GLA - C
I wonder if the £20 was the new bottom? Strange how there were loads more buts than sell and it still dropped, 50p rise more and I’m back in profit.
That's true steve, I have loaded myself up on dividend stocks as much as i can, we won't be able to stop the share prices dropping, so collecting the dividends while waiting for recovery will help, of course if you can take advantage by topping up at a discount price it will be an advantage later on, but sadly there's a limit to how much money is available, will be pooling my dividends together for a while, and using it for that purpose, it may not be that bad of course ?
Added a few more today.
Keeping monies in the bank will see inflation erode circa 10% of its spending power. With PSN paying off a 10% divi I could well be up 20% next year.
It would of took some balls to sell in April when the price was £22, granted it would of been a good move. They will still pay the dividend so the drop in the short term is unimportant. Just take it as a good opportunity to top up :-)
csdi, I think it was a case of sell in April looks like the recession has already started and might be a bad one, predicted Inflation of 10 percent interest rates rising energy prices going through the roof Putin's war escalating, but just my thought, I really hope I'm wrong on all of that, ok for the guys with big bank accounts for picking up the bargains of course
£18’ish :-), if your wanting to buy in cheap now is as good as ever. If I had spare cash I would buy now but my money is tied up in other shares so I would rather wait and see how well they do before committing more here.
As I said if it doesn’t start rising it has to drop another £1.10 on 16th June so that may be the low? But who knows.
Anyone hazzard a guess where the bottom will be ?
Another few pence down today - a relatively strong performance compared to the FTSE 100 today.
Not that daily movements matter if you are a LTHer.
Will we get a bounce back for the 110p divi (16th June ex div date) or is it a case of sell in May and go away ?
GLA - C
Steve - That's impressive hitting the CGT allowance already - we are less than 5 weeks in to the new tax year !
Not a problem I have ever had LOL
Nice one
Cheers - C
Rob I’m happy either way it goes in the short term as I managed to get 1200 shares into my Isa so if it hits somewhere in the £30’s again I’m going to sell all them and buy when it drops.
I’m nearly at my cap gains allowance in my normal trading account so I’m picking my sells very carefully.
CSDI, hi mate, yes of course I'm fully aware of stevebt motives there, have topped up a lot on some of my shares when they have dropped for one reason or another, but have to admit I have never wished one to drop, that's why I was teasing him about careful what you wish for, had some bad experiences of shares dropping but never coming back to the original price, vod just to mention one of them, but not saying that will happen here, so as long as stevebt doesn't mind me cheering it on when it starts rising all will be fine :-)
so up down sideways ? we are all hoping to make some money out of this, so good luck folks
Rob - nothing strange in wanting a SP to drop. It's what all investors should want when tey are buying !
It's only sellers that want a rising SP.
For every buyer there must be a seller ....
Steve - not sure if I will have any fresh funds to add but will certainly use the DRIP scheme which will give me an automatic increase of 5% of shares if the SP remains around £21, for the forthcoming 110p divi.
Like you I am looking forward to a longer term rise in SP, but in the meantime we may suffer a bit.
I remember buying PSN in 2007 for about £7 and seeing the SP drop into the £3 level during the financial crash.
PSN has come a long way since then, and hopefully has much further to go again.
GLA - C
Psn will alway recover as it is a money making machine that has loads of spare cash.
I’m trying to get as many shares in good companies over a 10 year period so I can retire comfortably on dividends and private pension, if this drops more I can buy more.
One thing I will guarantee is that persimmon get over £33 in the next year or two.
Mortgages may be going up but has no body realised that rents wil also rise as the mountain if buy to let landlords won’t take the hit on money and it’s more expensive to rent than to buy.
Unless putin goes nuclear house prices are only going to get more expensive, that’s just a fact of life.
stevebt, that's very strange actually wanting a share to drop, I would be very careful what you wish for, sometimes shares can take a long time to recover from a drop, not saying that will be the case here, but i will definitely be wishing it up
but good luck
I honestly hope it does reach £18, if it doesn’t rise much soon it has to drop at least £1.10 on ex day so make sure you leave some money spare to top up.
If it does drop much more I think we are months away from that. If people knew Psn advanced sales I doubt they would be selling but at the moment are are still loads of shares which will rise quickly so it’s back to where do you put your hard earned.