Wednesday, Aug 23, 2006

Top housebuilder turns mildly bearish ('cos they can't lie to The Stock Exchange

The Times: House price surge tailing off, says Persimmon

CONCERNS that Britains house price mini-boom is running out of steam were fuelled yesterday as Persimmon, the countrys biggest housebuilder, sounded a warning that prices will not rise much further this year.
The caution over the state of the housing market from the homebuilder came just days after an influential survey from Rightmove, the property website, suggested that asking prices fell in August for the first time in months.

Posted by financial planner @ 09:07 AM (508 views)
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4 Comments

1. Bfskinner said...

not quite how the BBC reported this yeaterday

http://news.bbc.co.uk/1/hi/business/5273372.stm

so have the Beeb, reported this unreasonably bullish by focusing on profits to date rather than how persimmon precit the near future or have persimmon given different reports to different news corps. whats in the times article certainly doesnt seem to match the "persimmon upbeat about market" that the BBC reported yesterday

BFS

Wednesday, August 23, 2006 09:37AM Report Comment
 

2. Surfgatinho said...

"not quite how the BBC reported this yesterday"

You beat me to it!

Wednesday, August 23, 2006 12:24PM Report Comment
 

3. Thesqueeze said...

I couldn't fathom it either after yesterdays BBC story, their share price certainly never rose on the back the good BBC news....in went down.

Link to Persimmon share price

Wednesday, August 23, 2006 01:06PM Report Comment
 

4. bidin'matime said...

Just goes to show that the facts are irrelevant in influencing the markets at this stage of the game - it's all down to the spin they put on them. They could have headed up the exact same article "Builder remains confident in the strength of the market" based on their statement in the article that:-

"Mr White was sanguine about the impact of interest rate rises on demand for new housing. He said: If they are incremental at these low levels they probably wont affect the business too badly.

Wednesday, August 23, 2006 04:59PM Report Comment
 

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