PSMMF News and Press, Persimmon PLC

2024-07-05 14:24:41 ET More on the markets European markets advance, Labour Party wins U.K. election Nasdaq, S&P hit fresh highs, bonds rally after June jobs data bolsters Fed rate cut bets Goldman Sachs’ Pasquariello: This is how market breadth is expecte...

2024-06-12 21:27:30 ET Summary Persimmon PLC is a UK homebuilder with a low valuation and high yield, showing signs of improvement in quality and customer satisfaction. Despite recent improvements, the company's earnings are still below historical levels, making it a cautious inve...

2024-01-30 20:39:32 ET Summary Despite the challenges, Persimmon ended 2023 on a resilient note. Rate cuts are now on the horizon, and that bodes well for a brighter outlook. Don't rule out a fiscal boost either, particularly with election season approaching. Alongsi...

2023-11-07 14:20:00 ET Summary Persimmon Plc is a U.K. homebuilder with a strong foundation and no net debt. The company is experiencing declining margins due to inflation in building material costs, but still has a profitable business model. The current valuation of Persimmon...

2023-09-16 03:32:59 ET Summary Management's shift towards prioritizing gross margins over growth is seen as a positive move, and the market has reacted positively with a 7% stock price increase since August 2023. There is potential for PSMMF to experience organic gross margin impr...

2023-08-10 08:17:15 ET Summary Persimmon Plc is a leading house builder in the United Kingdom. Persimmon has grown its revenue at a CAGR of 8%, reflecting attractive industry dynamics in the UK. We are bullish on the UK housing market given the systemic issues, such as the und...

2023-05-27 23:47:49 ET Summary UK's leading house builder Persimmon has seen a 17.5% price rise in 2023 so far despite weakening in the housing market. Even though PSMMF's recent trading update reflects this softening, its P/E at below the long-term average still makes it attracti...

2023-03-22 22:16:00 ET Summary Much has changed since the last update in September, with banks now hogging many of the top spots. Bank shares have gone down in the last couple of weeks and their dividend yields have gone up, because several banks have recently failed. If you b...

2023-03-08 05:00:00 ET Summary Rising salaries and modestly declining house prices should take some pressure off the elevated affordability ratios. The target imposed mandatory housebuilding targets on local councils that were deemed not to be objective. The UK housebuilder se...

2023-03-07 09:26:29 ET Summary Persimmon Plc sales rates have been improving sequentially in the last two weeks, with year-over-year trends improving from -70% in Q4 to -20% in the last two weeks. Construction price inflation is estimated to be at 7-8% per year, but it is expected...