Persimmon plc: Don’t Plant This Tree Just Yet (OTCMKTS:PSMMF)

Sound bite for Twitter and StockTwits is: Dividend Growth Consumer. Results of stock price testing is that the stock price is reasonable, but towards the high end of that range. Debt Ratios are fine. The Dividend Payout Ratios (DPR) are good. The current dividend yield is low with dividend growth moderate. See my spreadsheet on…

The Company is currently undertaking an extensive drill programme at its flagship Mt Alexander Project (Project), located in Western Australia’s north‐eastern Goldfields, with more than 6,000m of drilling planned. On 2 September 2019, the Company announced that drilling of an electromagnetic (EM) conductor at the Radar Prospect resulted in a new discovery of high‐grade nickel‐copper…