Persimmon Trading Statement posted on Company News.

[idpickering]

Here; viewtopic.php?p=496769#p496769

I know some here hold these, as do I, so this should be of interest here.

Ian.

[daveh]

and this may be of interest:

Capital Return Programme

On 2 March 2022, the Board re-iterated its intention to return 235p per share in 2022. The first payment of the regular annual distribution of 125p per share was made on 1 April 2022 (rather than July 2022 as originally intended). The Board remains committed to its well-established strategy of returning capital that is surplus to the needs of the business to its shareholders. Given the successful trading result of the Group in 2021 and its strong financial position, the Board is pleased to confirm that it will return 110p per share surplus capital on 8 July 2022, to shareholders on the register on 17 June 2022. There will be no further dividend payments in relation to the year ended 31 December 2021.

So the second dividend is confirmed and payment is to be 8July with ex and record dates of 16/17June

[idpickering]

and this may be of interest:

Capital Return Programme

On 2 March 2022, the Board re-iterated its intention to return 235p per share in 2022. The first payment of the regular annual distribution of 125p per share was made on 1 April 2022 (rather than July 2022 as originally intended). The Board remains committed to its well-established strategy of returning capital that is surplus to the needs of the business to its shareholders. Given the successful trading result of the Group in 2021 and its strong financial position, the Board is pleased to confirm that it will return 110p per share surplus capital on 8 July 2022, to shareholders on the register on 17 June 2022. There will be no further dividend payments in relation to the year ended 31 December 2021.

So the second dividend is confirmed and payment is to be 8July with ex and record dates of 16/17June

It certainly was, thanks for your input. I may well top up my PSN holdings before the ex div date.

Ian.

[Arborbridge]

and this may be of interest:

Capital Return Programme

On 2 March 2022, the Board re-iterated its intention to return 235p per share in 2022. The first payment of the regular annual distribution of 125p per share was made on 1 April 2022 (rather than July 2022 as originally intended). The Board remains committed to its well-established strategy of returning capital that is surplus to the needs of the business to its shareholders. Given the successful trading result of the Group in 2021 and its strong financial position, the Board is pleased to confirm that it will return 110p per share surplus capital on 8 July 2022, to shareholders on the register on 17 June 2022. There will be no further dividend payments in relation to the year ended 31 December 2021.

So the second dividend is confirmed and payment is to be 8July with ex and record dates of 16/17June

It certainly was, thanks for your input. I may well top up my PSN holdings before the ex div date.

Ian.

Tempting! But I already receive about 4.3% of my income from them: perhaps Mr Creosote would have one more little waffle?

Arb.

PS topping up to median weight would make that 5.12% income weight. Probably forgiveable.

[idpickering]

Tempting! But I already receive about 4.3% of my income from them: perhaps Mr Creosote would have one more little waffle?

Arb.

PS topping up to median weight would make that 5.12% income weight. Probably forgiveable.

I see where you’re coming from Arb, ta for your input.

I’m sure we all get that house building shares are cyclical and can be fickle to hold. For me, I don’t mind any temporary overweighting of any of my holdings, be that from the capital value front, or the income provided by that share, because I add new money to my HYP every month, that imbalance will lessen as I’d invest elsewhere in my HYP. I’d rather buy shares when they’re on offer, and imho, that is the case with PSN currently.

Ian.

[cshfool2]

"we anticipate that our first half completions will be lower than those delivered in the first half of 2021 but given the encouraging start to the year, we expect our first half result to fall only modestly short of that delivered to June 2021. We anticipate a greater proportion of completions in the second half of 2022 as our outlet numbers increase."

Perhaps not a profit warning but could be interpreted as a lowering of expectations hopefully to be mitigated in H2. At £20.82 this is now giving a level of yield that sometimes points to something unfortunate. However I hold.

csh