Company
LON:PSN
Persimmon is a house building company, which has been trading since 1972, and operates under three main brands, Persimmon Homes, Charles Church and Westbury Partnerships.
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Builders and building materials
There are some thumping dividend yields on offer among the Footsie stocks, many of them too good to be true, which is why we need to apply the Goldilocks method to sorting the good from the "just right"
Builders and building materials
Prospects are sufficiently encouraging to recommend a 40p interim dividend
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Britain's blue chip benchmark finished up over 37 points, or 0.61%, at 6,127
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Also in the diary for next week are John Wood Group and US computer chip maker Nvidia, which will deliver second quarter numbers amid negotiations over a potential purchase of UK semiconductor maker ARM
Builders and building materials
As of June 30, 2020, the group said forward sales of new homes were 15% ahead of last year while interim revenues tumbled 32%
Builders and building materials
Analysts at broker Peel Hunt said the timing of the CEO departure from the coach operator "is a surprise"
Builders and building materials
Persimmon offices and sites remain shut in Scotland
Builders and building materials
Analysts said that the resilience of cash flow was “surprisingly strong”
Through the use of virtual viewings and online channels the group said it has received 820 gross private sales reservations in the five weeks since it closed its sites
The housebuilder said it believed “conserving cash and maximising financial flexibility is in the long term best interests of the business and all its stakeholders”
No companies were named in the report, though several FTSE names have been criticised over the issue in the past
The housebuilder said the promised total capital returns of £2.35 per share in 2020 will be extended at the same level in 2021
The FTSE 100-listed firm's expects group pre-tax profits to be in line with market consensus
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Mid-week will bring a mixed bag of big news, with trade and inflation dominating macro while the company diary sees updates from Persimmon, Vistry and Tullow Oil
Hardware & electrical equipment
The German bank has predicted "stronger house price growth and [a] rebound in the UK property market" following the Conservative victory at the polls last month
Builders and building materials
The broker highlighted Persimmon and Barratt as firms with healthy dividend yields, while Redrow and Bellway offered greater growth potential
Redrow is at an "unjustified" 20% discount to peers, Berkeley has a "long-term track record of value creation" and at Persimmon the concerns over quality are "overdone"
As part of a plan to improve build quality and customer care, completed sales volumes sank 6% year-on-year to 7,584 homes
A Public Accounts Committee report said the value of the scheme was "uncertain" and could be tying up funds that would be better used elsewhere
It sounds like concept dreamed up by Gwyneth Paltrow and Chris Martin, but this week the world was lectured on the concept of conscious capitalism by America's business elite
