Tower Resources #TRP, Hardman & Co and Edison speak at London South East’s Oil & Gas event Watch Now
Just listened to a horror story from Persimmon owner. An electric socket was burning up inside, and not too far away... was a gas pipe riddled with puncture holes. Unbelievable. And his shower was not plumbed right - just a few of the 'faults' in his new home where he lived with his wife and baby. And he couldn't turn his heating system off - when he rang Customer Service to moan about his heavy bills, they told him... it was just one of those things. He spend over 2 years ringing Customer Service, but kept being fobbed off. His verdict is... he'd never buy another Persimmon house. Can you blame him? Afraid Persimmon has become synonymous with (CBACS) Crap Building and atrocious Customer Service.
Been a nice couple of days for buying and topping up. Think Boris and CO's message is getting through to Brussels. They know now that they are dealing with the Real Thing. And subsequently the best china will appear on the table Corbyn's commie party is tearing itself apart. And the strong dollar against the weak pound will of course help ftse share prices.
Perhaps Mr Thomas just wanted to update his luxury cruising yacht, so needed some ready cash. He still has plenty of shares left in his kitty, a lot more than he sold. So looks like my theory of him being poached and leaving was wrong! (Or maybe he's leaving the missus...! lol)
Calm down. The company is solvent. More potential than any other building company. But... can remember a similar thing happen to another company many years ago, have forgotten the details. The director was poached by another ftse company and made an offer he couldn't refuse. When he suddenly sold his shares, there was panic and selling off. Then, I think it was in Money Week, that all was revealed. |I did then what I've just done... bought more shares @5.449.87
BJ has peered into his crystal ball and seen GB has the most prosperous county in Europe. Brussels is worried by BJ's rhetoric and other EU countries wanting to follow suit. So they do the usual: Shout No-no with a theatrical iron fist. Now they are putting all their money on a snap election and Corbyn getting it and GB remaining in Europe. If JC did get elected, what's to stop him changing his tune again? Which would certainly mean... three or four more years in the Brexit wilderness... not to mention our economy collapsing and the country returning to a three day week?
Mark, I would say this is rising more on the back of Boris's charisma - not on what comes out of his mouth... For after all, he is well known for spouting porkies! Anyway, let's make a bit of money on the side whilst the firework display lasts! Thank God Hunt didn't get it - a fox hunter and a remainder: Teresa May in trousers! Boris's blustering but formidable stand against the EU bullies... might just get us what we want.
It's rising mainly because of property sales showing up as increased profit on presented books year on year, and generous dividends - also cheeky little side punts help towards its frequent up and down movement. Interest rate cuts rarely dictate - but a weakened pound certainly makes an impression! Finding a solid floor is not always easy here; in fact, can be tricky at times! So, for the non gambler I suggest you play this long term. Have I told you the story... when I bought these for a quid each...?
Harlow is recent and very on-going. The damage to Persimmon has been done - a damage of huge portion that will take years to fix. I expect PSN is slowing down new builds because it doesn't want to see lots of its property standing empty for long periods and drawing adverse attention... Nobody likes to see cobwebs! I could go on and on but I would only be reiterating what is in my other posts.
More rain forecast for tonight. Flash floods expected on Thursday evening. Just so that you know and can prepare for the worst!
Hi, Nige. Glad you weren't washed away - by the deluge, I mean. By your premise then... what ALL builders need to do is: overpay their CEOs, build shoddy property, give out slanted news via an over-heated PR machine ( I refer you to the Harlow town case)and... they - all builders - will become a good, not to miss investment opportunity once the lift hits the bottom floor.
Brexit will have nothing to do with things, really - it will be down to potential customers' response and what state PSN's books are in for the next financial year and beyond. THAT will dictate PSN's future SP. Or to put it another way… The snowball has just started to roll down the hill...
If a large ship crashes into a harbour wall, you have double trouble. And if the same ship is not repaired properly and enterers the same harbour... then you could have quadruple trouble.
I think Persimmon initially panicked and put a sticking plaster over their 'problem' instead of fixing it properly as they should have done. A builder friend once said to me: 'You can do 99 good jobs and 1 bad job; but it's the bad job that gets talked about the most.'
On Anglia News tonight: People are moving out of Persimmon new build houses and flats in Harlow because of myriad faults... An example of minor faults - hot and cold taps fitted wrong way round. Hot taps giving out cold water and cold taps giving out hot water. And washers not fitted either... leading to flooding... 'Surely, these are elementary things, dear Watson.' 'I know, Sherlock... plumbing installed by brickies' labours, do you suppose?' And what their after sales service team is saying is mostly the opposite of what home owners are saying... After all this time, Persimmon is still dragging its feet. Unbelievable. Finally its gone to Parliament... and drawn the attention of a minister... who should have foreclosed their RTB contract a long time ago. Makes my blood boil...
'Well, for one thing, a neat little trick that it's discovered. It's reducing the height of new homes, which lowers the cost of materials to produce higher margins on each house sold.
But peeps won't be bumping their heads on the ceilings of their new home. Not unless they try to stand up in the loft. Barratt has reduced the pitch of the roof so that less construction material is required. Also customers can choose what size rooms they want by selecting the home most suitable for them. Yes, Barratt again staying ahead.'
We won the cricket. The pounds gone down against the dollar - which is always good for the SP. Multiple sentiment is in the air. And the floor is not creaking... It's almost on the tip of my tongue... But of course DYOR.
Lots of buys up until 10am, then a stream of alternative buys and sells, now the beginning of a trail of red... Is this sentimental momentum flagging, or just a natural euphoria peak coming to a temporary conculsion. Nothing in the crystal ball. For those who have sold - well done; for those still holding - good luck Bravehearts!
Your disregard for punctuation obviously upset me so much I made a slight mistake in the spelling of your monicker. I do apologize. But you shouldn't keep upsetting yourself... Incidentally, 'Salver' is a silver tray from which a King's taster sampled food. But, really, nobody is trying to poison you on this board, no matter what you might think to the contrary! You should lighten up and not take things so seriously, Slaver2. We all try to have a good time on this board, with a little friendly banter. So what if we misspell and that at times. Laugh about it. One little caveat though: we are not nasty to one another on this board. PS: I am one third Scottish actually and very proud of it, wee man.