Purplebricks Share Discussion Threads

[hillofwad] 10/6/2016 14:05

Bambooo I can calculate the instructions into gross revenue but you are wrong in the fact that that instruction have increased from from 5614 to 7614 since 1st June Iits less than £1,000 per instruction asq uite a few have the basic and then some defer and theres an additional payout to Chase I guess averages ou ta bout £920 In oreder to meet this fiancial years.annual target they need to take on board an average of 100 instructions per day so 60 aint no great shakes and thats still forecasting a loss

[bamboo2] 10/6/2016 13:47

Sixty more added in last 24 hours.

So that's 60 x £1000

[dlku] 10/6/2016 13:22

thats terrible expect a profit warning

[bamboo2] 10/6/2016 13:05

re, hillofwad 10 Jun'16 - 12:09 - 309 of 309 0 0

"I would be interested to hear where you got your numbers from !!!You are saying that since thh beginning of June they have taken on over 2,000 instructions If thats the case that would be a massive surge They currently have 7614 instructions and a grand total of 13,694 sold and sold STC quite a few f which include those listed last summer If your figures are correct they have increased their current portfolio of intructions by 26% in 10 days A meteroric rise and worthy in true bricks style of an immediate press announcement I would change the batteries in your calcualtor if I were you"

I didn't use a calculator.

Income per property, paid in advance, is approx £1,100. So say £1000, to make it easy....

[dlku] 10/6/2016 13:02

people cant leave for 10 months due to the nature of contract to so the numbers are all flattered by this

lots of peeved off users online

[hillofwad] 10/6/2016 12:09

I would be interested to hear where you got your numbers from !!!You are saying that since thh beginning of June they have taken on over 2,000 instructions If thats the case that would be a massive surge They currently have 7614 instructions and a grand total of 13,694 sold and sold STC quite a few f which include those listed last summer If your figures are correct they have increased their current portfolio of intructions by 26% in 10 days A meteroric rise and worthy in true bricks style of an immediate press announcement I would change the batteries in your calcualtor if I were you

[bamboo2] 10/6/2016 09:06

My figures are researched and accurate.

Obvs at the current price of the service, it is not making a profit, but prices will be eased up, once the brand is established, and toothing problems ironed out.

[hillofwad] 10/6/2016 05:13

Lost in the bamboo Where do you get your figures from that they have taken £200k in 10 days The total is piling up mainly because instructions are taking longer to sell.Cheap fees dont sell properties or make it any easier There are 5 properties in my patch 2 of them have been on the books since before November.The vendors fast coming up to the time that they divi up the fee should they have chosen the deferred option and no doubt Chase wil be on their case to extract payment if they dont.Suddenly the no sale no fee offer doesnt look so bad In recent weeks Savils and Countryside have entered the fray You know the ones who have real experts working in the immediate areas where houses are going to be sold not some third rate "expert" whose sole introduction to expertise is a one week intensive course to property Complaints already received that they are wildy out on values merely skimming through others on Rightmove to pin their value In addition existing competition hav erecive dfiancial injections tot ake the Bricks on If there is one thing we ahve learned in disruptive offers its usually the second big entrant who comes in aand takes the prize Bricks still have everything to prove

[bamboo2] 09/6/2016 19:43

Old Mutual adding. Now above 8%.

All gaps in chart now filled and confirmed as likely support area by todays positive eod price.

£200k added in instruction commission since beginning of June.

Estate agents increasingly looking at ways to keep their extortionate rates, eg latest scam is so called Introduction Fees, [often 2%+, non-negotiable.] charged direct to the buyer. This is in addition to a registration fee for the seller!

Quite hard to believe that some folk here are not more PURP positive. Unless you are also estate agents.

[dlku] 09/6/2016 07:08

2p is a most interesting target

[onjohn] 07/6/2016 22:20

1

Jeffries Key Takeaway- Numbers dont add up - lovee the target

Whether people buy or sell their homes through Purplebricks, we don't recommend that they buy shares in the company. The numbers in the business model look very attractive, however it is our view that they don’t add up.


Downside Scenario
 Our downside scenarios estimates are based on the assumption that KPIS and revenue drivers are 20% lower than our Base Case. In this scenario we assume that when cash levels reach £5m the company will cease to trade and cash will be returned shareholders
 FY2017E Revenue £23.1m
 FY2017E PBT £(18.0)m
 FY2016 EPS (7.5)p




Price target: 2p DCF based

[moopdoom] 06/6/2016 21:22

Now the velocity at which money is leaving this name looks to be increasing, you have to feel Jefferies 94p target could be optimistic.Increasing competition/flattening growth profile, high cash burn, EBITDA of

[hillofwad] 06/6/2016 18:24

abarclay plenty more complaints elesewhere
1 The sols charge a higher price than their normal fees
2 High turnover of staff
3 Poor valuations based on a quick trawl through rightmove by unquaified experts who are anything but often miles away
4 Poor commuication

[abarclay] 06/6/2016 18:05

Three complaints against Purplebricks upheld by advertising watchdog


Three complaints have been upheld against Purplebricks by the advertising watchdog.

As a result Purplebricks must not repeat some claims that were in a TV advert.

A further two complaints were not upheld.

The complainants who approached the Advertising Standards Authority with concerns included a Purplebricks competitor, House Simple. The other two were members of the public.

The complaints revolved around claims made in the TV advert and also online.

The TV advert featured two men supposedly Kenny and Michael, who said: “We used to be a high street agents. But now we’re purplebricks.com. A revolutionary new way to sell your house that could save you thousands of pounds.”

At this point in the ad, small print appeared at the bottom of the screen stating ‘Based on average estate agent’s commission – Source: Which? survey 2011’

The TV advert ended with a text message saying: “Nothing to pay upfront” and featured a voice-over that stated, “Visit purplebricks.com and book a free valuation”.

The Purplebricks text on their website said: “No upfront fees . . . get the best price – our local property experts take care of it.” Below that was a fee.

The claim “Nothing to pay upfront” in the TV advert was challenged on the grounds that it misleadingly suggested that consumers would only pay if their property was sold.
House Simple challenged the same claim on the Purplebricks website for the same reason.
HouseSimple went on to challenge the claim on the website: “No upfront fees . . . get the best price – our local property experts take care of it.” This was on the grounds that it misleadingly implied that Purplebricks achieved a higher selling price than other agents, and whether this could be substantiated.
HouseSimple challenged whether it also misleadingly implied that Purplebricks charged lower fees than its competitors.
The final challenge was from a complainant who understood that the “Nothing to pay upfront” offer required consumers to commit to a ten-month agreement and also use the solicitors the advertiser provided. The complainant challenged whether the TV advert omitted material information.

[dlku] 06/6/2016 14:12

Loads of complaints about purp online

[dt1010] 06/6/2016 14:09

This isn't worth 50p

[hillofwad] 06/6/2016 12:20

Even with 80k comission yesterday that is still under the target of 3.500 pcm for this year and they will be still losing money They have a grand total of 294 letting instructions after all their exposure .In the last 2 weeks 2 of their rivals have smelt blood and upped their game . Zoopla and Rightmove arent even out of their traps This has been totally overhyped and pumped up Complaints recived from some of their experts who arrive with a quick skim on their pads on through similar proeprties on Rightmove to give vendors a valuation

[abarclay] 06/6/2016 10:21

wont help them They are burning cash at a fast rate
No point spending £500k on advertsiisng to generate £80k commission


You go bust doing it

[bamboo2] 06/6/2016 09:38

Gaps in chart now filled and could provide support.

£80k of commission added yesterday alone.

[topvest] 04/6/2016 20:49

This is a hideously over valued story stock.

[dlku] 03/6/2016 07:56

Savills said it has acquired a stake in YOPA Property after participating in a GBP16.0 million fundraising round to finance the roll out of YOPA’s online hybrid estate agency.

Savills, a real estate advisory firm, said it has invested in YOPA, which launched its hybrid business model in January, to enable the roll out of the agency in the “high volume segment of the UK market”. It didn’t specify the size of its resulting stake in YOPA.

YOPA is eating Purples lunch. Or soon will be. And PURP looks like its stalling.


When do PURPPPPP director locks expire? Guess they might want to lob some

[dlku] 03/6/2016 07:01

and when your prop doesn't sell on PURP you still pay fees. Sounds a bit shady

[hillofwad] 03/6/2016 06:10

The " trend is your friend"posters who have been pouring scorn on those missing out on the pric eaction despite no discernible rise in instructions making the 16/117 target of 43k look very unlikelyseem to have forgotten the maxim that trees dont grow to heaven Only last week Essential popped up saying he added more beacuse of the techs and must be nursing a quick 20% loss plus Well doneto thos ethat jumped ship It was clear by April that structions have failed to ris e significantly after the saturated TV campaign Many proeprties have been sitting on their books for 5 months or longer costing money to service The team have been worryingly active in removing any unfavourable reviews from Trustpilot which rating is used in their campaigns They have changed advertising agents as its clear that things arent happy at Purple Castle