RE: Results14 Aug 2022 19:27
This is what i was reading on hl site guys, not saying bad just catious
Persimmon – Matt Britzman, Equity Analyst
We’ve already received news from Persimmon that revenues are slightly down from last year as the group struggled to meet home delivery expectations in the first half of 2022. That said, a 4% rise in the group's average selling price has more than offset cost inflation. We’ll be paying close attention to the impact it’s had on profits and if management expect this trend to continue.
Persimmon, much like its peers, faces a multitude of issues around labour shortages and supply chain constraints, adding pressure to margins. The in-house materials business may alleviate some of this pain, but investors should be focused on what affect this has had, if any, and if management expect headwinds to continue.
Dividends will also be at the forefront of investors’ minds. With an impressive prospective dividend yield of 12.3%, markets clearly aren’t convinced the current pay-out levels can be maintained, so we’ll be watching cash generation closely.