PSN.L - Persimmon Plc

LSE - LSE Delayed Price. Currency in GBp
1,972.50
+22.00 (+1.13%)
As of 9:28AM BST. Market open.
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Previous Close1,950.50
Open1,934.50
Bid1,971.50 x 0
Ask1,973.00 x 0
Day's Range1,934.50 - 1,974.50
52 Week Range1,825.50 - 2,523.00
Volume171,764
Avg. Volume1,241,558
Market Cap6.283B
Beta (3Y Monthly)1.38
PE Ratio (TTM)7.02
EPS (TTM)280.80
Earnings DateAug 20, 2019
Forward Dividend & Yield2.35 (12.19%)
Ex-Dividend Date2019-06-13
1y Target Est2,602.00
  • Home Builder Persimmon Falls After TV Program Highlights Faults
    Bloomberg2 days ago

    Home Builder Persimmon Falls After TV Program Highlights Faults

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Persimmon Plc shares fell after a television documentary highlighted customer complaints about the quality of the homes the company builds, fire-safety concerns and excessive executive pay.The program, which aired Monday evening on Britain’s Channel 4, contained interviews with disgruntled customers of the country’s second-largest home builder. They laid out a litany of construction faults and described high-pressure sales tactics used by the company, which has been a major beneficiary of the government’s Help to Buy low-cost loan program for new home buyers.Persimmon dropped as much as 2% in London trading on Tuesday, following a 2.9% decline on Monday before the program was broadcast. That compares with a dip of about 1% for competitor Barratt Developments Plc since Friday’s close.The Help to Buy program is set to be modified and extended from 2021 through 2023, and the U.K. government is weighing whether to ban Persimmon from selling its homes to buyers using the interest-free loans, the Times reported in February. About half the homes Persimmon builds are sold using Help to Buy.In a statement provided to the program, Persimmon said it “can and will do better” under its new leadership. “We fully accept that on too many occasions in the past we have fallen short on customer care and the speed and empathy with which we dealt with problems,” according to the statement.Housing Secretary James Brokenshire is concerned about the company’s quality of construction and handling of complaints, in addition to the practice of selling houses using leasehold structures that require buyers to pay an annual rent on the land beneath their homes, the Times said. Persimmon Chief Executive Officer Dave Jenkinson said at the time that the company hadn’t been in direct contact with the government about the issue.Help to Buy was introduced shortly after Persimmon brought in an uncapped long-term incentive plan that resulted in a 75 million pound ($93.5 million) bonus for then CEO Jeff Fairburn. He decided to leave the company after the bonus became the focus of public ire about executive pay. Former Chairman Nicholas Wrigley and Jonathan Davie, former head of the company’s remuneration committee, both resigned in 2017 as a result of a decision not to impose a cap on the plan.The Channel 4 program brought in an independent building surveyor to inspect a Persimmon home that was recently sold. He found almost 300 faults, including leaking sinks and a poorly fitted fire door. More than 70% of the issues raised fell short of building regulation standards, according to the program. Customers also complained that Persimmon had taken more than a year to make some fixes.Persimmon started an independent review to examine its quality, customer care, governance and incentives in April. The new focus on customer service has resulted in an improved build quality rating, but is impacting sales volumes and margins, the company said in an earnings statement earlier this month.To contact the reporter on this story: Jack Sidders in London at jsidders@bloomberg.netTo contact the editors responsible for this story: Shelley Robinson at ssmith118@bloomberg.net, Patrick Henry, Marion DakersFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • A Close Look At Persimmon Plc’s (LON:PSN) 31% ROCE
    Simply Wall St.14 days ago

    A Close Look At Persimmon Plc’s (LON:PSN) 31% ROCE

    Today we'll evaluate Persimmon Plc (LON:PSN) to determine whether it could have potential as an investment idea...

  • What Kind Of Shareholder Owns Most Persimmon Plc (LON:PSN) Stock?
    Simply Wall St.29 days ago

    What Kind Of Shareholder Owns Most Persimmon Plc (LON:PSN) Stock?

    A look at the shareholders of Persimmon Plc (LON:PSN) can tell us which group is most powerful. Insiders often own a...

  • The Persimmon (LON:PSN) Share Price Has Gained 52% And Shareholders Are Hoping For More
    Simply Wall St.last month

    The Persimmon (LON:PSN) Share Price Has Gained 52% And Shareholders Are Hoping For More

    While Persimmon Plc (LON:PSN) shareholders are probably generally happy, the stock hasn't had particularly good run...

  • Brexit worries hit domestic stocks but sterling slide lifts FTSE 100
    Reuters2 months ago

    Brexit worries hit domestic stocks but sterling slide lifts FTSE 100

    The main index, whose companies earn more than two-thirds of their profit from abroad, ended 0.1% higher, while the more domestically-focused FTSE 250 slipped 0.7%. A slump in sterling lifted internationally-exposed companies GlaxoSmithKline, Unilever and AstraZeneca, the biggest boosts to the FTSE 100. Stocks most sensitive to the any increased risk of a hard Brexit stumbled after multiple media reported rumours May's ministers could oust her in a row over her latest deal to exit the European Union.

  • Was Persimmon Plc's (LON:PSN) Earnings Growth Better Than The Industry's?
    Simply Wall St.2 months ago

    Was Persimmon Plc's (LON:PSN) Earnings Growth Better Than The Industry's?

    When Persimmon Plc (LON:PSN) released its most recent earnings update (31 December 2018), I compared it against two...

  • Reuters2 months ago

    Barratt bucks trend with improved profit forecast

    Chief Executive Officer David Thomas said that a modestly better outlook for the year translated to an improvement of 1-3 percent on Britain's biggest housebuilder's previous profit estimate. Barratt's upbeat view was in contrast to rivals Persimmon and Taylor Wimpey. The nation's second-largest housebuilder Persimmon had reported a drop in orders so far this year, while third-largest Taylor Wimpey had warned on margins and flagged cost pressures.

  • Should You Be Impressed By Persimmon Plc's (LON:PSN) ROE?
    Simply Wall St.2 months ago

    Should You Be Impressed By Persimmon Plc's (LON:PSN) ROE?

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Many investors are still learning about the various metrics that can be useful when analysing a stock...

  • BlackRock to vote in favor of Persimmon pay report: Sky News
    Reuters3 months ago

    BlackRock to vote in favor of Persimmon pay report: Sky News

    The report said BlackRock has backed Persimmon's board ahead of an annual general meeting on Wednesday at which shareholders will vote on the remuneration report, which disclosed that new Chief Executive Dave Jenkinson was paid‎ almost 25 million pounds ($32.67 million) last year. BlackRock, which owns 5.25 percent of Persimmon shares, declined to comment, while the company did not immediately respond to a request for a comment.

  • Reuters3 months ago

    BlackRock to vote in favour of Persimmon pay report - Sky News

    The report said BlackRock has backed Persimmon's board ahead of an annual general meeting on Wednesday at which shareholders will vote on the remuneration report, which disclosed that new Chief Executive Dave Jenkinson was paid‎ almost 25 million pounds ($32.67 million) last year. BlackRock, which owns 5.25 percent of Persimmon shares, declined to comment, while the company did not immediately respond to a request for a comment.

  • Persimmon slows home sales to focus on quality
    Reuters3 months ago

    Persimmon slows home sales to focus on quality

    The review's focus includes customer care and quality assurance processes. "The market should take comfort that the new CEO is clearly prioritising customer care and service and the market remains good," Canaccord Genuity analyst Aynsley Lammin wrote in a note. A BBC report this week said some of Persimmon's houses were not fire-safe due to missing cavity barriers used to prevent fires spreading.

  • MarketWatch3 months ago

    Parsons Corp. to offer 18.5 million shares in planned IPO priced at $26 to $28 each

    Defense technology company Parsons Corp. set terms for its planned initial public offering on Monday, saying it plans to offer 18.5 million shares priced at $26 to $28 each. The company would raise $499.50 million at the midpoint of the price range. Goldman Sachs, BofA Merrill Lunch and Morgan Stanley are lead underwriters on the deal with another six banks acting as co-managers. Proceeds of the deal will be used to fund an IPO dividend of $52.1 million and repay debt. Once the deal is closed, the Parsons Employee Stock Ownership Plan will hold 80.8% of voting power. The company has applied to list on the New York Stock Exchange under the ticker symbol "PSN."

  • What You Must Know About Persimmon Plc's (LON:PSN) Financial Health
    Simply Wall St.3 months ago

    What You Must Know About Persimmon Plc's (LON:PSN) Financial Health

    Investors looking for stocks with high market liquidity and zero debt on the balance sheet should consider Persimmon Plc (LON:PSN). With a market valuation of UK£7.4b, PSN is a safe haven in times of market uncertainty due to its stro...

  • Persimmon launches review to assess effectiveness of new strategies
    Reuters3 months ago

    Persimmon launches review to assess effectiveness of new strategies

    The review, to be led by Stephanie Barwise QC of Atkin Chambers, an independent chair, will look into aspects including customer care approach, systems and culture, quality assurance processes, and speed and consistency of response to issues. "Persimmon has been focused on rapid change and improvement of its customer care culture and operations, and on eliminating cases of poor workmanship," the company said in a statement.

  • What Are Analysts Expecting From Persimmon Plc (LON:PSN) Over The Next Few Years?
    Simply Wall St.3 months ago

    What Are Analysts Expecting From Persimmon Plc (LON:PSN) Over The Next Few Years?

    Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! Persimmon Plc's (LON:PSN) announced its latest earnings update in December 2018, which indicated...

  • Reuters4 months ago

    FTSE 100 gains, MPs votes on Brexit process eyed

    The FTSE 100 edged 0.1 percent higher and the FTSE 250, which is more domestically focussed, was up by 0.6 percent at 0940 GMT. Barclays, Royal Bank of Scotland and Lloyds were all higher with CMC Markets analyst Michael Hewson attributing gains to hopes that MPs could agree a possible next course of action which could lead to a softer Brexit. Prime Minister Theresa May is also set to address her Conservative MPs, possibly to set out a timetable for her departure to win parliamentary support for her controversial Brexit deal after being heavily defeated twice in parliament.

  • Why Persimmon Plc’s (LON:PSN) Cash Is A Factor You Need To Consider
    Simply Wall St.4 months ago

    Why Persimmon Plc’s (LON:PSN) Cash Is A Factor You Need To Consider

    If you are currently a shareholder in Persimmon Plc (LON:PSN), or considering investing in the stock, you need to examine how the business generates cash, and how it is reinvested.Read More...

  • Reuters4 months ago

    FTSE 100 rises as pound hit by Brexit deal legal opinion

    The export-heavy main bourse and the more domestically-focused FTSE 250 were up 0.3 percent. Domestic banks and housebuilders gained ground on relief Britain may avoid a disorderly exit from the European Union after May got "legally binding" Brexit assurances from Brussels. Tuesday's rise in the main index was also aided by official data that showed Britain's economy picked up in January after a weak December but growth was still stuck in low gear ahead of Brexit.

  • Reuters4 months ago

    European shares end a choppy Brexit-led session with a whimper

    By Helen Reid and Julien Ponthus LONDON (Reuters) - European shares ended flat on Tuesdat after a choppy session during which hopes British Prime Minister Theresa May would win support for her plans for ...

  • Why Fundamental Investors Might Love Persimmon Plc (LON:PSN)
    Simply Wall St.5 months ago

    Why Fundamental Investors Might Love Persimmon Plc (LON:PSN)

    Persimmon Plc (LON:PSN) is a company with exceptional fundamental characteristics. Upon building up an investment case for a stock, we should look at various aspects. In the case of PSN,Read More...

  • Thomson Reuters StreetEvents5 months ago

    Edited Transcript of PSN.L earnings conference call or presentation 26-Feb-19 9:45am GMT

    Full Year 2018 Persimmon PLC Earnings Call