Help me - I bought these a month ago - when they were being tipped all over the place. Since then the sector has gone down the swannie - should cut my losses (13%) or hold on for the long haul?

I sold my shares back in December for a good profit, when the original news about how damaging the long-term incentive payments were going to be for the company. I don't know if the 50% is going to be enough...... The news from the company is otherwise positive ahead of the final results for 2017 due out next week.

For me the jury is still out if this is a good investment or not, even long term

Well I did not expect this - up 11% so far this morning 270p. Not worth getting into, as that is the proposed dividend "spent".

I guess by giving out such good results, it drowned out the Chairman's resignation!

Psn going well. Had April div and it's still climbing
Got another 110p div to come June.
Nice little earner rodney.

As announced on 27 February 2018, additional payments under the Plan of 125p per share will be paid over the next three years in late March/early April each year. The first of these additional payments of £389 million, was paid to shareholders as an interim dividend on 29 March 2018. At the same time the Board recommended that the scheduled return of 110p per share, or c. £345 million, will be paid to shareholders on 2 July 2018 as a final dividend. With the scheduled payment on 2 July 2018, the total value of the capital returned by that date of £2.22 billion will be £1.36 billion greater than that originally planned at launch in 2012.

 

The additional payments over the next three years will bring the total value of the Plan to £13.00 per share, more than double the £6.20 per share original commitment made by the Board in 2012. The total value of the Plan is now c. £4.07 billion.

 

Total shareholder returns to date from the launch of the Group's new strategy in 2012 now exceed 500%.

 

The Board remains confident of the future prospects of the Group.  

 

We will provide a further report in our Trading Update on Thursday 5 July 2018.

 

 

CEO resigns https://www.moneyam.com/action/news/showArticle?id=6197516

After the TV interview he refused to do on his pay it was the only solution. The issue was never going to go away no matter how much his comms team were going to try and shut it down.

Soooo glad i sold out at £28 instead
of taking the dividend.

that was back in june ..... but of course if you had re-bought in late october, you would be rubbing your hands gleefully

Housebuilder Persimmon said it expected 2018 pre-tax profits to be modestly ahead of current market consensus, having benefited from new developments opened through the year. Total group revenues of £3.74bn were 4% higher as new housing revenues increased by 4% to £3.55bn and legal completion volumes increased by 406 new homes to 16,449 against 16,043 in 2017.