Purplebricks Share Discussion Threads

[bamboo2] 27/7/2016 12:18

Worth looking at the figures. This is a snapshot. Each listing nets around £1,100.
Brexit ref occurred during this timescale.
The hit rate contimues to increase.


............total/inc sold
27 June 2016 7869/14089
27 July 2016 8747/15612
Balances..... 878/1523

[the oxford whale] 27/7/2016 12:02

Looks like a stonking sell, even the directors are bailing out. Out of interest, where are people shorting this at? IG are offering short DFBs but not any other contracts. Not ideal as the costs start to mount up if you hold it for more than about a month. Interactive brokers don't have any stock to borrow either.

[sphere25] 25/7/2016 18:46

Big director sell.

Get out before one of the daft institutional fund manglers realises this is mah-onnn-uuu-mentally overvalued!

Big crash coming ahead.

[bamboo2] 17/7/2016 22:15

Equ, re post 53. Working fine.
Hit rate, cash up front, £1.1k per prop.
828 per month.

[equalibrium] 17/7/2016 19:36

From Bloomberg, 17 Jul 2016, 05:00:00
The U.K. will fall into a “short, shallow recession” around the turn of the year as Brexit hits house prices, jobs and spending, according to the EY Item Club.

To read the entire article, go to hxxp://bloom.bg/29F8u9H

[equalibrium] 17/7/2016 19:34

From Bloomberg, 17 Jul 2016, 05:00:00
The U.K. will fall into a “short, shallow recession” around the turn of the year as Brexit hits house prices, jobs and spending, according to the EY Item Club.

To read the entire article, go to hxxp://bloom.bg/29F8u9H

[equalibrium] 17/7/2016 19:30

From Bloomberg, 17 Jul 2016, 05:00:00
The U.K. will fall into a “short, shallow recession” around the turn of the year as Brexit hits house prices, jobs and spending, according to the EY Item Club.

To read the entire article, go to hxxp://bloom.bg/29F8u9H

[equalibrium] 16/7/2016 23:35

None of your links work what are you trying to say ?

[bamboo2] 16/7/2016 21:14

SNAPSHOT

16/05/2016 7058/13509
16/07/2016 8492/15166

BALANCES...1434/01657

What can it mean?

[hillofwad] 15/7/2016 06:17

£30m which is rapidly being eroded . Looks like £10m will be disappearing as fast as coral in the Great Barrier Reef as they enter the Aussie market .Operationally still haemmoraging money here .Doesnt leave a lot in the pot to purchase a lettings agency or kicksatrt a new TV campign aimed at this .They arent even competitively priced on the lettings side .Numerous Horror stories appearing on Trustpilot .Maybe they will be seeking a placing -"in for a penny in for a £" to raise some more cash.

The yahoo finance failed to flag up the important point is why in an uncertain market why would want to commit to nearly a £1k on the off chance they might introduce a purchaser for their house.No sale no fee sounds pretty good to me - at least you know the agent has every incentive to conjure up a sale.

I can na imagine the site will be polluted by a lot of time wasters seeking bargains adding further distress to the experience . I dont think the managemen t is any good apart from policing Trustpilot removing unfavourable reviews .They have had a high turnover of experts who have probably been gagged!Looks like just the 3 of us posting here who have smelled the coffee

[equalibrium] 14/7/2016 22:17

Looks like yahoo finance have the same opinion

[equalibrium] 14/7/2016 22:17

Looks like yahoo finance have the same opinion

[equalibrium] 14/7/2016 22:15

Looks like yahoo finance have the same opinion

[equalibrium] 14/7/2016 20:13

Sorry hill I am being lazy how much cash do they have left of floatation money do you know ?

[hillofwad] 14/7/2016 19:58

The share price has plenty of "artificial" support from original investors When they buy one of the listed lettings agents - It seems they have little choice but to do that or abandon lettings altogetehr it might have a little flip up but yes the current valuation is complete Emperors New clothes

[equalibrium] 14/7/2016 18:58

Thanks hillofwad

One thing that does concern me is that it's an aim stock and I am not a fan of aim but I have not seen an opportunity like this for a while

[hillofwad] 14/7/2016 18:25

Bang on the nail Equal and their constant manipulation of trustpilot smacks of desperation

[dice1950] 14/7/2016 09:44

Purplebricks Group Plc – Huge demand for houses in the UK says Analyst
giles.arbor, 14 Jul 08:42 AM

[dice1950] 14/7/2016 09:44

!YOUTUBEVIDEO:1VkWnNZqnwE:
Purplebricks Group Plc – Huge demand for houses in the UK says Analyst
giles.arbor, 14 Jul 08:42 AM


Purplebricks plans Australian expansion
Financial Times





Your own Local Expert from
valuation to completion
Instruct to sell from £798 / Landlords save £1,000’s
Selling fee of £1,158 in Greater London
Property advertised on Rightmove and Zoopla
Viewings - we can take care of them all
We’ve sold 1,000’s of properties across the UK

[dlku] 06/7/2016 09:59

330,000,000

[hillofwad] 06/7/2016 09:59

So the exponential jump this year from 19,200 to 43,000 has yet to happen Clearly when listing they couldnt have predicted Brexit which has derailed it What makes you think they can swim against the tide and hit a profit to justify the current mind boggling valuation of £330m !!!!!

[hillofwad] 06/7/2016 08:44

Bamboo As advised Read the Hardman report which accompanied the prospectus

Growth in estimated number of LPEs
Year end April 2015 2016E 2017E 2018E 2019E 2020E
LPEs ave in year 35 153 310 420 560 730
Number of
instructions 4,330 19,200 43,000 57,000 76,000 100,000
Source: Purplebricks; Hardman & Co estimates

Estimated instructions for 16/17 clearly stated as 43,000.19,300 for 15/16
►