Member Info for stevebt

I could do with this share staying lower for another month ad I’m due a big tax rebate in two weeks

Sold out as I only had a small pot in here , I’m happy with what I got and usually after 40% rises there is always falls.

Went to put the money back into card factory but that is rising as I expect the same thing to happen with them next Friday ??

All directors get awarded shares on top of their wages, hence a dividend cut would be money away from them.

The government needs to keep the housing market alive sac it feeds so many businesses. Carpet firms, curtains house wares, furniture stores etc etc.

As when people buy a new home they usually need to spend on new things.

Added another 150 as well and also took my average down to £19.25. Quite a bit in red on this but I know it will recover.

Sphinx, We are within pennies of the COVID low price, People who think it will go lower can take their chances and wait for a further drop but sensible people will just buy now.

The share price is sitting at £14.60 so what’s the big deal if a broker rerates it’s price down. It’s 100% going to hit £17 before it hits £34 so they will be correct.

High penny prices are a long way off, it needs to get past 1p before people start dreaming about high figures. If this breaks 1p there will be a big fall as people taking money out as it happens after every small rise here.

https://www.bankofengland.co.uk/boeapps/database/Bank-Rate.asp

Here is a page showing historical interest rates and 2007 was 5.5%.

Yup lots of card sales and accessories due to the queens death.

Triumph, I’m sure in 2007 before the banking crash interest rates were around 5% and sales were booming. In fact persimmon was building bigger houses to accommodate what people wanted then the crash happened. Due to the crash persimmon redesigned all their sites and got rid of most of the bigger houses and put smaller 2/3 bedroom properties in their places.

Prices dropped but not by the margins everyone was hoping for and a year or two later it was back up. The only thing that will drag prices really down is if we are dragged into war.

Property rises over time, always a story in the paper about some person paying £800 for their house in the 60’s and it’s worth £300k now. People expect huge drops in property prices and it’s never going to happen. Ask people in New York and Hong Kong if they think property prices are fair.

Looks like they have closed their short or reduced it enough so it wont show. Being one of the biggest hedge funds in the world it looks like they know to get out.

Stupid statement!

I know how well Psn are doing as I work for them are sales are no way slowing down, the only problem is slower progress due to lack of subcontractors. Psn tries to build more with the same work force and has done for years

If it’s not truss why are the papers saying she has a £130bn energy package to help businesses?

Nomad, Don’t know but when I bought my first house it was 15% interest rate. Interest rates today are still historically low.

Persimmon share price is a bargain but if you have the balls to wait for a lower price and possibly miss these lows good on you.

Csdi, I wouldn’t worry too much about your losses with psn in the short term as they will definitely recover. With 4000’ish shares and a £19 average I’m in the red a bit but I know they will recover. Apart from the odd trading with this share I plan to keep them till I die.

Psn sales are still really high and there is no slow down on any sites, in fact they are ramping up production more than 30% in most sites nearby. The low price just gives great buying opportunities and I hope it stays low most of this year so I can add a lot more.

Being really realistic, if the share stays low or even lower for a couple of years in five years time it will achieve new highs and since I’m in for the long haul and only interested in the dividend I have no interest in selling.

It’s not just the housing stocks that are down at the moment it’s most of the ftse but I see housing stocks as a much safer bet than airlines or holiday companies or even mining stocks.

I usually sell on a rise like Tuesday and buy back in a couple of days later as it always drops, I didn’t this time as I was expecting a little more than 0.8p. I think we won’t be due another rise for a couple of months as it seems to follow this pattern.