Persimmon's Yield

[Arborbridge]

Being a newbie, I'm curious about this concept....i.e. falling stock prices....is it possible that PSN due to the unpopularity of JF get "short-sold" more than other stocks?

Does short-selling happen that much?

If you want to follow a list of significantly shorted companies, here's a link to a useful site:

https://shorttracker.co.uk/companies/


Arb.

[Dod101]

I wonder how up to date it is? It lists companies that have long since disappeared, such as Amlin and Carillion. You would think if they have updated the short positions, they would have also removed such names.

Dod

[monabri]

The " short tracker" is updated daily.

From the web page header

"Notice: The Short Interest Tracker is based on data sourced wholly from the FCA's daily short positions report"

Note that the FCA info only includes shorting levels above 0.5%....so there might be higher total levels of bets against a company than the two sites report.

[TheMotorcycleBoy]

Being a newbie, I'm curious about this concept....i.e. falling stock prices....is it possible that PSN due to the unpopularity of JF get "short-sold" more than other stocks?

Does short-selling happen that much?

If you want to follow a list of significantly shorted companies, here's a link to a useful site:

https://shorttracker.co.uk/companies/


Arb.

Thank you very much!! That is a very interesting site. Here's the relevant site explaining the content of the page rendered.

https://www.fca.org.uk/markets/short-se ... -positions

I was surprised not to see PSN as a shorted company.

Matt

[monabri]

The visible shorting level on Persimmon is currently zero...link below.

https://shorttracker.co.uk/company/GB0006825383/



Note the warning which applies for all

"Notice: We no longer track disclosures after they drop below 0.5%. It is possible that the manager still holds a short position even if we are showing it as zero."

That's because the FCA doesn't report when the level is less than 0,5%

[TheMotorcycleBoy]

The visible shorting level on Persimmon is currently zero...link below.

https://shorttracker.co.uk/company/GB0006825383/



Note the warning which applies for all

"Notice: We no longer track disclosures after they drop below 0.5%. It is possible that the manager still holds a short position even if we are showing it as zero."

That's because the FCA doesn't report when the level is less than 0,5%

Thanks, still it's clearly not a particularly popular firm to short.....in my newbie opinion.

?

[Arborbridge]

The visible shorting level on Persimmon is currently zero...link below.

https://shorttracker.co.uk/company/GB0006825383/



Note the warning which applies for all

"Notice: We no longer track disclosures after they drop below 0.5%. It is possible that the manager still holds a short position even if we are showing it as zero."

That's because the FCA doesn't report when the level is less than 0,5%

Thanks, still it's clearly not a particularly popular firm to short.....in my newbie opinion.

?

I think you are correct. I expect you noticed, but on that site one can rank the shorting by percentage size, and also check individual companies and see a chart of historic shorting, to put the current value in perspective.

Arb.

[TheMotorcycleBoy]

...and also check individual companies and see a chart of historic shorting, to put the current value in perspective....

Yup - will do. Thanks for that additional nugget.

[TUK020]

When you borrow shares to then sell them, in the hope of buying them back more cheaply later, you do of course have to pay the dividends to the owner.

Therefore very high yielding companies are more expensive to short. This raises the 'skin in the game'

[TheMotorcycleBoy]

When you borrow shares to then sell them, in the hope of buying them back more cheaply later, you do of course have to pay the dividends to the owner.

Therefore very high yielding companies are more expensive to short. This raises the 'skin in the game'

A ha!

FWIW - I wouldn't contemplate shorting myself - but it's interesting/useful to know what of my holdings are "vulnerable".

Matt

[TUK020]

One of the lessons that I took away from the Carillion saga is to monitor the shorttracker from time to time.
I have set a totally arbitrary limit of 5%, and bail out of anything that crosses this..
It has made me exit stocks that subsequently drop back below 5% (example Sainsburys), but I accept that the occasional false alarm is the price of not getting my fingers burnt in the same way.
Smaller companies seem much more vulnerable in the shorttracker. My highest scoring share at the moment on this is Marstons.

This is probably overly conservative, and is totally arbitrary as to the limit, but it helps me 'sleep at night'.

[Arborbridge]

One of the lessons that I took away from the Carillion saga is to monitor the shorttracker from time to time.
I have set a totally arbitrary limit of 5%, and bail out of anything that crosses this..
It has made me exit stocks that subsequently drop back below 5% (example Sainsburys), but I accept that the occasional false alarm is the price of not getting my fingers burnt in the same way.
Smaller companies seem much more vulnerable in the shorttracker. My highest scoring share at the moment on this is Marstons.

This is probably overly conservative, and is totally arbitrary as to the limit, but it helps me 'sleep at night'.

I'd be interested to know how you get on with that - perhaps you could run the idea for a year or two and let us know whether it saves any disasters. If it helps you sleep at night that would be worth having, but is it the right thing investment-wise?
In my view 5% really is a bit too conservative - almost within the normal ebb and flow - and I'm sure some of my shares must have been over 10% at times - Greene King springs to mind. Of course, Greene King might fail in future, but it didn't fail when the hedgies bet against it in the past.

And BTW, I never have trouble sleeping due to shares problems

Arb.

[nmdhqbc]

I don't think you'd call Persimmon a consistent dividend payer although I'm happy with the overall amount.

These are tax years, amount I've received per share:

2008-9.....37.7p
2009-10....0p
20010-11...3p
2011-12....8.5p
2012-13....6p
2013-14....75p
2014-15....165p
2015-16...110p
2016-17...25p
2017-18...235p
2018-19...110p

I get different nubers from Stockpedia and Persimmons website for future payments...

[tjh290633]

Looking at the tax years, 6/4 to 5/4, the figures are identical. It's the date of payment, not the company's reporting year, that the OP was using.

TJH

[IanTHughes]

And BTW, I never have trouble sleeping due to shares problems

What share problems?


Rip van Winkle

[nmdhqbc]

Looking at the tax years, 6/4 to 5/4, the figures are identical. It's the date of payment, not the company's reporting year, that the OP was using.

TJH

Ah, yes. Those dates do make it look more erratic. Just the last dividend missing from 2018/19 then I think as I get another 235p for that tax year...

[TheMotorcycleBoy]

So given a country currently full of negativity, any ideas why PSN, when I looked just now was up 4.96% as of today?

Or is that just the nature of the beast? i.e. Good ol' "Mr. Market"

Matt

[Bouleversee]

All the main housebuilders and even BLAND & LANDSEC were up when I looked this a.m. No idea why, unless the market thinks that bricks and mortar are the safest thing to hold in times like these, but I wouldn't be totally surprised if they went into reverse tomorrow. Just depends on how the dice lands in this casino we've got drawn into.

[Bouleversee]

This is what Citywire had to say about it:

"Shares in house builders have surged to the top of the FTSE 100, bucking a falling market, as stocks focused on the domestic economy rallied on hopes a no-deal Brexit could be avoided."

No comment.