Full Year 2019 Persimmon PLC Earnings Call Transcript - Thomson StreetEvents

Full Year 2019 Persimmon PLC Earnings Call Transcript

Full Year 2019 Persimmon PLC Earnings Call Transcript - Thomson StreetEvents
Full Year 2019 Persimmon PLC Earnings Call Transcript
Published Feb 27, 2020
18 pages (12926 words) — Published Feb 27, 2020
Price US$ 54.00  |  Buy this Report Now

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Abstract:

Edited Transcript of PSN.L earnings conference call or presentation 27-Feb-20 10:00am GMT

  
Brief Excerpt:

...Thank you for joining us for our preliminary results presentation. You will have seen alongside in the results today, we made a separate announcement about CEO succession. Dave has informed the Board of his wish to step down in due course. He recognizes the best search and succession processes take time and are best done in the open. So I think he's to be commended to giving us plenty of time to find the right successor and an open-ended commitment to stay in post until that successor joins the business. And Dave, I'm thoroughly grateful for that. It's entirely likely that he'll still be here at the interims in August. So this is not a valedictory address, it is not his leaving party. But I want to say a couple of things. When Dave was appointed CEO, I said he would be an agent of change, and I think he's delivered. Under his leadership, he set about making the changes that were required at Persimmon with very real urgency and commitment. We've invested in a whole range of customer care...

  
Report Type:

Transcript

Source:
Thomson StreetEvents
Company:
Persimmon PLC
Ticker
PSN.L
Time
10:00am GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Aynsley Lammin - Canaccord Genuity Corp., Research Division - Analyst : I'm Aynsley Lammin from Canaccord. I've got three actually, please. So the first one, you mentioned pricing is firm. Just wondered, given the good sales rates, so you kind of begin to think about pushing price in a bit more. And I guess that kind of feeds into a question about, are you confident in maintaining those margins at 30% this year? Secondly, just on the land spend and the kind of cash. Some of your peers recently said with a political clarity, it gets a bit more confident to buy land, maybe relaxing hurdle rates a bit from where they were last year. Just wondered what your view was in terms of the opportunities there in the land market and where we are in the cycle, I guess? And then thirdly, on your successor, Dave, you said that anybody coming into the company would find a good platform. Are we right to assume that there's good internal candidates that will also be in the kind of frame? without the prior written consent of Thomson Reuters. 'Thomson Reuters' and the Thomson Reuters logo are registered trademarks of Thomson Reuters and its affiliated companies. FEBRUARY 27, 2020 / 10:00AM, PSN.L - Full Year 2019 Persimmon PLC Earnings Call

Table Of Contents

Q3 2020 Persimmon PLC Trading Statement Call Transcript – 2020-11-10 – US$ 54.00 – Edited Transcript of PSN.L sales update conference call or presentation 10-Nov-20 9:00am GMT

Half Year 2020 Persimmon PLC Pre-Recorded Earnings Presentation Transcript – 2020-08-18 – US$ 54.00 – Edited Transcript of PSN.L earnings conference call or presentation 18-Aug-20 6:00am GMT

Half Year 2020 Persimmon PLC Earnings Call (Q&A Session) Transcript – 2020-08-18 – US$ 54.00 – Edited Transcript of PSN.L earnings conference call or presentation 18-Aug-20 7:30am GMT

Q2 2020 Persimmon PLC Trading Statement Call Transcript – 2020-07-09 – US$ 54.00 – Edited Transcript of PSN.L sales update conference call or presentation 9-Jul-20 8:00am GMT

Persimmon PLC Annual Shareholders Meeting Transcript – 2020-04-29 – US$ 54.00 – Edited Transcript of PSN.L shareholder or annual meeting 29-Apr-20 11:00am GMT

Q4 2019 Persimmon PLC Trading Statement Call Transcript – 2020-01-15 – US$ 54.00 – Edited Transcript of PSN.L sales update conference call or presentation 15-Jan-20 9:00am GMT

Q3 2019 Persimmon PLC Trading Statement Call Transcript – 2019-11-07 – US$ 54.00 – Edited Transcript of PSN.L sales update conference call or presentation 7-Nov-19 9:00am GMT

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MLA:
Thomson StreetEvents. "Full Year 2019 Persimmon PLC Earnings Call Transcript" Feb 27, 2020. Alacra Store. May 19, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Full-Year-2019-Persimmon-PLC-Earnings-Call-T13058542>
  
APA:
Thomson StreetEvents. (2020). Full Year 2019 Persimmon PLC Earnings Call Transcript Feb 27, 2020. New York, NY: Alacra Store. Retrieved May 19, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Full-Year-2019-Persimmon-PLC-Earnings-Call-T13058542>
  
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