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Bellway released reasonable update in their annual report. Cautious but hardly doom and gloom. Awaiting Persimmon update tomorrow - hoping for a slow third quarter but not terrible. Sales completions will be below half year expectations but not too much methinks. May be some hint about dividend policy?

Can't agree with Hics. Extraordinarily negative! And the Share's bounced much higher immediately after. Poor timing, Hics!

Price may benefit from a decent amount of dividend reinvestment. Makes good sense at this price...

Clearly the 'market' is pricing in reduced profits and dividends. However, it's hard to see the dividend dropping during 2023 to less than £1.35 a share and I would anticipate a similar level for 2024 and then improvement thereafter. All IMHO but still provides a decent yield and upside to sp. I expect either Armageddon or deflation / recession and a quicker reduction in interest rates than the daft central banks and dubious think tanks. The pay inflation is good for mortgage affordability once prices stabilise. Good luck!

The £1.25 offer I mean... Humour is most definitely allowed!

Putting silly things like that in this forum is not appreciated, if it was not based on anything.

Brokers are - as usual - a complete joke and not to be trusted or believed in any way at any time. But it does start to look as though Housebuilders have just about bottomed out. Fingers crossed.

Paddyboy - hmm... Perhaps you were wrong this time...

TR64. Are you for real?

Either Armageddon or... Energy prices will come down as alternative supplies and increased renewables are provided. Probably quite a lot. Short term interest rates will be higher but will come down quickly as inflation turns to deflation with recession or worse. This could happen quite quickly. Persimmon can sit on unsold houses and build new ones at a slower rate if necessary although there is so much demand I still expect profits to be healthy enough this year and next. Persimmon year end well placed to ride out the worst of the short term borrowing costs and will make some interest on their cash pile! It's a buy from me!

Take the divs and wait. Divs may drop but at a current yield of over 17% that seems a minor issue... They'll soon be back!

Blackrock snapping up a bargain probably!

We will have deflation within a few months and interest rates will tumble again to try to get things moving. The central banks have been utterly stupid throughout the last 15 plus years, and I do hope Truss's government gives our useless bofe a very hard time. House prices are linked to rents, which will continue to go up. Housebuilders will simply sit on stock rather than sell at silly prices which will just drive up rents more and protect house prices. Any short term inflation will also help. Housebuilders mostly have cash, no debt, healthy land banks and fairly flexible workforces so can easily manage the situation. Doom-mongers in this sector are just malicious shorters or rather short of understanding when is a good time to buy.

The idiot poster had for some stick posting the same rubbish on Persimmon board and no doubt elsewhere Top. Sad individual. There are laws against such stuff but the law has no teeth and the regulator is a waste of space. So just ignore him.

Interest rates will go up a bit more but we're heading for a big recession and inflation will soon tumble as the energy crisis slowly comes under control. With inflation and high rents there will be great demand for new, supposedly energy efficient (ish) houses.

Whoever Manfor is - whether dad, sick, attention-seeking individual or someone desperarately trying to get people to sell to satisfy the greed of short sellers, please go away! Or post something vaguely sensible.

They'll be pretty cheap if the dividend yield is 50%. With a big land bank. And ability to sell materials. And a forward sold position. The situation now I'd completely different from the credit crunch / banking crisis.

Re-rating from £34 to £17 is simply ridiculous. This is hardly a business in crisis. Both target prices were / are daft. Having said that all European equity markets followed the US down like the sheep they all now have become.

Hedge funds jumping in to short the stock using Berenberg as protection against foul play allegations. It's really quite ridiculous. Have to just ride it out and not agree to sell to their private equity friends for £18 in a few months time. Is there no effective regulation of the UK equity market now? At all?

Probably in bed with the hedge funds who are shorting the stock and the private equity firm looking to buy it cheap for £19. So the shareholders think that's a good deal. Criminal.