CHARLIE CAMPBELL LIBERUM
A positive trading update from Persimmon, saying that its private sales rates (per site) are up 20 per cent in the year to date, compared to a 22 per cent rise at the end of February, which is helpful for the sector, but NewBuy appears to have got off to a slow start.
SIMON BROWN NORTHLAND CAPITAL
Growth in sales rate over the crucial spring sales period and continued improvement in margins are driving recovery at Persimmon. Its recovery strategy is securing greater growth potential. It is our pick of the national housebuilders despite its strong share price rally since the end of 2011.
ROBIN HARDY PEEL HUNT
While we see broad risks for the house builders from a weakening mortgage market, Persimmon has the unique attraction in the volume sector of a high income. On the first special dividend of 75p in June 2013, the return is over nine per cent. This makes the stock much more interesting than its peers.