Persimmon

Article Abstract:

Persimmon is a United Kingdom housebuilder which has seen a drop in its stock price, although the industry is not affected by a recession. Activity has slowed in south east England, but is growing elsewhere. The company has a large land bank and should benefit from a drop in UK interest rates. Growth may slow in 1999 but the company could achieve a growth in pre-tax profit of 11% for that year compared to 21% for 1998. Interest rate cuts are likely to continue and be beneficial, though they will take some time to benefit the sector.

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An attractive housing bet

Article Abstract:

Bett Brothers is involved in hotels and pubs, commercial real estate, and building houses. The company performed well to the end of Feb 1998, according to interim results. Housebuilding is mainly carried out in Scotland, and the company aims to sell over 400 home over the year. The company's profit is forecast at 4.75 million pounds sterling for 1997 to 1998 by Bell Lawrie White, and it is attractive to investors on the grounds of its fundamentals.

Real Estate, Real Estate and Rental and Leasing, Bett Brothers PLC

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Persimmon

Article Abstract:

Persimmon should benefit from its geographical spread, as demand for housing in the southeast of England eases, and from its large landbank, though there is a risk of a drop in land prices.

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