RE: Persimmon being held2 Aug 2022 16:13
I have said it before and persimmon is a money making machine, they are ruthless in how they get prices from companies for labour/materials. Persimmon also make sure they build houses which suit 1st time buyers do redrow do that?
I know for a fact that land held by persimmon has been owned for over 20 years so once houses are built there is a huge cost saving there.
This share is only down due to putins conflict causing mega high inflation, in ten years time there will be something else that will drag the shares down again but at under £20 this is a no brainier lth. I have no intention of selling my stake but will trade some when I’m at a happier price to trade.
There is also lots of the ftse in a similar situation as psn and there is always someone in all the parts of LSE complaining about dog shares, Lloyds is a main one for that, if it was that easy to make money quick from the shares everyone would be doing it.