Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
@drillbitbill possibly the saddest human on this thread at the minute 'whooping' when people have lost money potentially. Sad act in deed.
Isn't the delay because of a drill fault? Surely calm your passions until it is fixed and they actually get to advance on what seemed to be a very promising start?
Bit daft when it's been 8.50 all day.
Seeing as many are left holding bags then a poxy dividend which will lower the SP further isn't exactly wanted. Rather they kept the cash so they can push on strongly when the upturn finally happens.
Shouldn't be allowed to help your agenda? I'd take it as a massive positive that the share is seriously under valued and the low price already had the Dividend penned in. Onwards and upwards, especially when people re-invest their dividends next month.
You'd assume people already live in houses and there isn't a huge amount of people that are living on the streets waiting to buy a house. So assuming that then I would guess that they will stay in their current houses or whatever arrangement they currently are in until mortgage costs come down to a practical level.
How to lose friends and alienate people - tank the share price by over 50% then provide a divi that is an only slightly higher one that can be gained in a savings account with today's interest rates. Solid work board!
It was probably something to do with the wife of the person involved with the major decisions regarding the UK's tax budget and finance being a billionaire yet dodging as much UK tax as possible. Not a great advertisement for her husband running the economy effectively when his own wife was exploiting giant loopholes that he had the authority to close down. Apart from that, and the partying with Boris, Rishi was the bee's knees.
Stamp duty cut. Good way to end the week, let's make some ground up now away from this ridiculous low.
Received this response after an email enquiry about lack of communication over investors losing up to 50% of their money with this company.
Many thanks for your email and may we take this opportunity to thank you for your continued support of Persimmon as a much valued shareholder.
We are fully aware of the current decline in the share price and are in continual communication with our corporate brokers and many of our institutional investors.
You correctly note that we released our half yearly results in August where we provided a view on the housing market as a whole and our strong forward sales position. We also noted that there are many broader economic challenges that we are all facing and that are impacting on the share price of many companies within the FTSE.
With regard to the dividend, as noted in the Q&A as part of the half year results announcement the dividend policy is under review and will be subject to the future investment needs of the business. We will of course update shareholders at an appropriate time, once the review is complete.
Again, may we take this opportunity to thank you for your continued support of Persimmon
What a **** shower this company has been to its investors. Terrible public relations towards people that bought into them.
Not sure where you are looking Manfor, I can only see houses doubling the size of the areas they are being built in. All sold before the sites have finished. More and more without signs of slowing. This price is being manipulated terribly and you will suffer if you sell. You only make a loss of you sell. Next year's dividend will be announced in the coming months. Then watch the flock return and the corporates laugh as they have snapped up all the sellers cheap shares. Sit on it, come back on 12 months when the Russians have given up and the powers that be have filled their pockets again after the COVID crisis. You sell now you've lost any way.
Very sorry but the world does care and that is being made very obvious with the millions of tributes coming in from every corner of the world.
The fact that the buys are still out numbering sells by some way and we are now at post COVID reaction price levels is mind boggling. The company is in good shape, the market is too. PSN are still buying developments off rivals to finish the house builds! https://www.business-live.co.uk/commercial-property/clowes-developments-sells-coventry-site-24804159
I feel this just needs turning off for a few months until the share price stops misrepresenting the company. Only regret is an average of 20.91 as I'd have loved to have jumped on now!
16m buys over 5m sell. The fact that price is still dropping is ludicrous at this buy volume. Again I'm confident this should reset towards 18 come Monday.
Just look at those hefty buys marked as Unknown at close of play. This will be 5% up on Monday as an opening price.
Let them talk, we can buy at silly prices.
The other side to this is that the house market isn't falling back, Persimmon now have over 8,000 sites to develop, the share price is half that of a little over a year ago and the dividend even if halved comes in at over 6%. Each to their own but I will happily walk my average down at these prices. An announcement of a dividend around 8% would see this well over 20 again, I'd expect to see a steady rise through to the declaration date.
If and when the dividend is announced this will gain serious momentum from this price as new investors chase rainbows, it will be interesting to see where it lands and whether it is worth selling before any ex dividend date hang over. My average is 21 so anything around 23.5 to 24 may be tempting for a fire sale.
I'd say very safe as they are regulated by top tier FCA. Doesn't bother me if you pay commissions for each of your trades, each to their own. This works well for me, the spread is the same as anywhere else and the data is very good. The free ISA is also a nice bonus for the dividends here. Good luck to you with your investments.