Persimmon (#PSN) – phased restart to work on site with effect from 27th April
- 2020-04-24 07:17:40
Hello Share Gatherers. Persimmon (PSN), the builder, made profit before tax of £1.04 billion in its last full year. However, that marked a reduction on last time of 4.5%. But one reason for that performance is that fewer homes were sold. And that’s probably not surprising, as the big home builder plans to concentrate more on quality from now on...
Hello Share Trouncers. Housebuilders continue to stay high on my list. That’s despite government plans to end the ‘Help to Buy’ scheme by 2023. Persimmon (PSN) is worth your further consideration in my view, not least because of a prospective dividend yield of 10.3%...
You know I have had a bit of a downer on housebuilders for a good little while now. More recently - back in April – I noted on Persimmon (PSN) that:
Did you see the weekend press article that mentioned Persimmon (PSN) might lose out on future Help to Buy contracts? As I started discussing here just under a year ago, such support mechanisms distort, fail to help the really needy and have allowed the housebuilding sector to do rather well in terms of profitability. This in turn led to the bonus scandal at Persimmon, where clearly a remuneration committee were asleep at the wheel in not capping more aggressively the rewards senior executives could make…
Hello Share Sighters. There are quite a few house builders to choose from and while some can't seem to go wrong, others do. One of the current factors in a builder's favour, or not, is where you operate. Persimmon (PSN) is based in York and most of its building goes on in areas which are not currently hit by a Southern fall in prices.








