RE: HALF IN HALF OUT2 Sep 2022 10:32
Yes, you’re missing, or refusing to accept, that the housing market has peaked, most of what fuelled the rise has run out, and we have not been hit with the huge energy price rises that are going to wipe out most families disposal income. Yes, Persimmon have a good land bank, yes, they’ve got some cash, and yes their profitability has historically been fab, throwing out loads of cash, but things are cyclical and you don’t want to be it for the spin dry that is about to happen.