Member Info for zach01

Bought this "jam tomorrow" company a few years ago.

Had a look at todays results, Administration Expenses,

over $100 million burn in the last 2 years, for a company

with a market cap of 63 million pounds............WOW.

This "jam tomorrow" company, will never ever earn

$100 million in profits over the next 20 years.

This is the classic" Oliver Twist" company, they hold

out their money bowl to their share holders, and say,

"we want more".

Morning all.
Taylor Wimpy increase their dividend.

Yet another House Builder increasing their div.

Jcj07, Sadly, Jcj07 the joke is you.

If you had read my post, I wrote, "They have
stated in rsn, "we see........
therefore, I read the complete RNS.

This company is sitting on hundreds of millions,
so 25m in TopHat is nothing.

More from RNS, "Persimmon has made significant
progress over the past two years....."

Yes, Persimmon has made that much progress, two
years ago was able to pay a dividend of 235p, now
60p, that Persimmon progress.

casapinos, thank you for your post.
your post would make sense if, they were building
MORE houses, the rns, shows a reduction first quarter
of 42%, therefore they need less money.

volcano, an important contribution.

stevebt, thank you for your post.
It was not the intension, to spend every last pound
on buy backs.

To make clear my position: my grandfather bought
me 3000 shares in psn, many, many, years ago.
I bought 2000 shares in Bellway, bwy has increased
its dividend and is in the middle of a share buy back,
and as psn would say .....in these very difficult times.

Just makes you think, if bwy had the "Vertical intergration"
of psn, how much more money they would make.

Conclusion: Persimmon.....always jam tomorrow.
Bellway.....jam today and tomorrow.

Everyone says, this is undervalued.

OK, then why does psn not buy back OUR shares, with
OUR withheld dividend money.
They have stated in rns, "we see excellent opportunities
for the business"
So, start buying OUR shares back, at these undervalued
share prices. They can keep them in treasury, and sell
later into the market at a profit.

Better run housebuilders, managed to increase dividend,
and do share buybacks.

When is the penny going to drop, this is just a
joke run company.

My second stimulus to increase share price, 'to
dual list on the NASDAQ'.
As I have shown in previous post, ie RNEX.

Today Wandisco (wand) have expressed they
are thinking about joining the NASDAQ.
The share rose 96p (max) on the news, and they
have not even applied.

My post was called "drivel", come on
everyone, try and catch up.

The main and only reason II investors, are holding
this stock, is the dividend.
With new capital allocation policy, 235p becomes 60p
and as stated, going forward 60p to be the new 235p.
Let's see if the board reduce their salaries, in these
uncertain times, to help the company.

This was ever only a dividend share company,
you can get better elsewhere, and with growth.

Sell this crap.

Use profits, to buy smaller companies, for growth.
Apply to join the NASDAQ, to increase share price.

Firstly, I own this stock.
GROWTH; Broker forecast, single figure growth. From new buyers
perspective, a crash from 77% to say 9%, if that is remotely close,
this stock is a sell. You can get over double figure growth in the
FTSE 100. So why would you rerate it.
Today, this stock is absurdly cheap, but there is no growth forecast
going forward, to buy.
Example 1: I bought Keywords Studios, about 7/8 years ago, @ 202p
KWS, bought six or seven small companies, EVERY year, and at appox
year 8, the share price was 3300p. Answer: they bought their growth,
but the share price soared.
Example 2: Company RENX, I read an RNS from the company, stating
they applied to join the NASDAQ. I bought the shares, @ 386p,
within 10 mins of reading the RNS. With the NASDAQ, it is irrelevant,
what the company does. Result, the share price topped out @1200p,
within 18 mths. The most notable thing was, the NASDAQ brokers
controlled the pricing, and the AIM brokers followed. Today you can
buy them at appox, 110p
This solution negates, the useless AIM brokers we now have.

Sadly the market makers cannot derate this share fast
enough.
The board must now issue an RNS, stating they know
of no reason for this share price collapse.
A fall from 160p to 130p in a matter of days. This share
should have been RERATED not DERATED.
If not addressed, the share price could be two digits
not three.

Yes, they have 35.6 million left, and can come back
after 90 days, to sell more.

This could seriously affect upward share price movement.

There is still a big seller, in this stock.
This share moves up in 1p, 2p and falls in 5p's.
Looks like the 4 million, will be wasted money.

Q: 14th Nov, "Strong Demand". yet board members sold, would you?
did the board already know?

Q: No, RNS issued stating, the board knows of no reason
for share price collapse...so we now know there was
a reason.

Q: Has this software been compromised and kept quiet.?

Q: Is this share now a busted flush?

It is well past the time the board needs to
release a statement regarding the share price
collapse. If there is no reason they know of,
they should release an RNS to that regard, or
if there is a reason, then we all need to know.

Sadly, like many, I am trapped in this share.

New year low today, the speed of this share price collapse,
I see year low around, 228p .....230p.... at best.

The first sign of a slow-down ahead. This company will seriously
reduce the dividend. Bellway just reported and INCREASE their
dividend.
Now PSN will move the goal posts and introduce a new method
of working out a dividend policy. Clearly one which will be substantially
less than the current 2.35 pounds. My guess, one pound max.
I have been holding this share for many years, and the only guaranteed
winners in this share, has been the board of PSN.
This company has always been run by a board who think they own
the company, the reality being, the shareholders pay them to run
the company on their behalf.

Bought this share many years ago at 1280p,
I had the entire board to myself, could not
work out why no one else was buying, sold
at 1860p, after only a few months.

The company has grown substantially from
then to now. The share price is not a million miles
from my first buy, so I'm back in again today.

Good luck all.

Wiscos, "The market price of Housebuilders is ridiculous....the two great dangers
with this stock are..... topping up as it falls,.....and with the pound likely to be less
than the $ soon, US companies will come calling with low-ball offers, which could
be much lower than your current top-ups.
Be careful.

Further to my post 8th April.
I contacted ComputerShare, the agent acting on behalf of Persimmon dividends, that no dividend had arrived. Today, I received an email, from WebCorres stating, the cheque was
sent out on 1st, and I should cash it immediately. WOW, I should cash a cheque I have not
received.
They have been kind to themselves, by stating, if I send THEM a cheque for £63, they will
send out another cheque.
I guess, just another day at the Persimmon office, or should that be, their third party office.

Anyone else still waiting for their dividend?.

Hi Donmac, hope you also, are keeping well.

Hate to ask you for a favour...........but, could you help me carry my money to the bank,
sorry, but there is just so much of it.