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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Purplebricks Group Plc | PURP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.31 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.31 | 0.31 |
| Industry Sector |
|---|
| REAL ESTATE |
| Top Posts |
|---|
Posted at 06/6/2023 23:21 by kreature When will bricks NewCo plc show up at Companies House?Do the Purplebricks significant-sharehol |
Posted at 06/6/2023 17:54 by kreature 2018 : ‘ Purplebricks would be entering a 50-50 partnership with Axel Springer - which is already a big investor in the hybrid agency - to form NewCo, a joint venture company’2023: ‘ Following the passing of resolutions at the GM (General Meeting), completion of the business and asset sale to Strike … will take place today,” a statement from Purplebricks to the City reads. The two businesses will run separately to begin with, but the plans is to merge both businesses under the ‘Purplebricks& |
Posted at 06/6/2023 17:35 by kreature No-one gives a hoot here Zico. Nice to see you thoughSo the new company is called Bricks Newco PLC right. So remember this ?: Meanwhile this morning's statement also confirmed a Sky News story that was reported on Estate Agent Today last evening, that Purplebricks would be entering a 50-50 partnership with Axel Springer - which is already a big investor in the hybrid agency - to form NewCo, a joint venture company |
Posted at 17/5/2023 09:33 by tomboyb The problem is that some on Twitter think that the distributable cash reserves will be in what is actually left -Not quite - There will be other costs, which will have priority - Cash will be burnt before any distribution, and as quite a lot of investors have found out, that in a situation like this cash disappears a lot quicker than envisaged - |
Posted at 10/5/2023 16:56 by wigwammer Momentum Investors and Inflection Point sell out entire 7.2% and 4.7% positions respectively. Now this is good news - because both of these houses had all the nous required to buy at many multiples of todays price. In short, they probably haven't got a clue what they're doing. GLA |
Posted at 10/5/2023 09:32 by amaretto1 Imo the bids are around 3.5 to 4 ! But the spot light is now on PURP The very interesting point ....No debt .... sat on 9 M WIth equity valued at under 3 M ...The platform costing a minimum of 100 M ...... Huge cash rich investors involved. It's swung to a cautious long imo |
Posted at 09/5/2023 14:28 by firestorm911 Yes, the nonce Kimchi was bought at 120p; while we are short, he always does the reverse.Anyway, boys, we closed the lot. We are neutral here now and have no interests anymore. Good luck, all genuine investors. See you somewhere in the matrix. Regards, F911 RMCX |
Posted at 06/3/2023 09:47 by burtond1 With speculation circling regarding a possible buyer, is Purplebricks one to watch over the next few weeks ask @TMSreach "...At its current low price it only need to regain a fraction of that value to open the prospect of a handy near term return. With a buyer in the offering interested investors should watch developments over the next few weeks very closely..."https://tot |
Posted at 17/2/2023 14:03 by adrian j boris AOL.Purplebricks eyes sale after slashing costs and warning of losses Press Association Anna Wise, PA Business Reporter 17 February 2023, 1:01 pm Online estate agent Purplebricks could be up for sale itself after revealing its turnaround plans have been costlier than expected and it is set to sink deeper into a loss this year. The platform, which connects buyers, sellers and landlords with property experts, has been steaming ahead with a turnaround plan in efforts to slash costs and return to a profit. The firm already has a redundancy programme in place and had managed to make initial savings by reducing the numbers of staff working across the business, closing offices and cutting the marketing budget. It said on Friday it has identified a further £4 million of annual cost savings since announcing a new £17 million target in December. But it warned investors that its actions have caused more disruption to sales than it initially thought, in efforts to bring down costs and make the business more efficient. As a result, the group has taken a hit in one-off costs of around £1.2 million since November. It told investors it expects to see full-year revenues of between £60 million and £65 million for the year to April 30, and adjusted operating losses of between £15 million and £20 million. It comes after it reported adjusted operating losses of £8.4 million for the six months to October 31, the first half of its financial year, which was ten times bigger than the £800,000 in losses it reported the previous year. Shares in the business tumbled by around a fifth on Friday, following the announcement. But Purplebricks maintained that the business and brand has “significant value”, and that it may be better off under different owners. It said in a statement: “The board recognise that the potential of the group may be better realised under an alternative ownership structure, and has, therefore, decided to conduct a strategic review of the group’s business with the aim of delivering maximum value for shareholders. The review “may or may not result in a sale of the company”, it said. Purplebricks said it is not currently in talks with any potential buyers nor has it received any offers. Housing market A view of the money pit, a piece of 3D art commissioned by Purplebricks intended to represent the amount of money people waste on commission with high-street estate agents when selling property, High Street Birmingham (Fabio De Paola/ PA) Helena Marston, the chief executive officer, said: “We have undertaken a huge amount of work in the last nine months to improve our sales business, raise standards, establish Purplebricks Financial Services, and stabilise lettings, all of which means the company has never been in better shape for the future. “Yes, the actions we have taken have caused more short-term disruption to our third-quarter performance than anticipated, but we remain confident in returning to positive cash generation in the early 2024 financial year. “We recognise that our upside potential is not currently reflected in our market valuation, which is why the entire board has therefore concluded that a strategic review is now in the best interests of all shareholders.” Purplebricks’ share price has more than halved over the past year as it revealed widening losses. One of its shareholders, Lecram Holdings, which has a 5.16% stake in the business, hit back at the group’s plans for a sale. Lecram said in a statement: “It is regrettable that the lack of relevant experience at the helm of Purplebricks, which we highlighted last June, has led the company to arrive at this unfortunate juncture. “We are calling for a swift conclusion of the strategic review and, should it not lead to an acceptable offer for the company, that the chairman immediately stands down and the board, in consultation with us and other shareholders, brings in someone with the knowledge and capability to guide Purplebricks back to profitability.” Lecram has previously criticised the company’s leadership and lack of financial improvement. It has campaigned for the removal of Purplebricks’ chairman, Paul Pindar, and the appointment of Rightmove and Countrywide founder Harry Hill as a director. |
Posted at 19/11/2022 16:14 by stantini As Simon Baker put it, portals need to decide if they are either a service to the industry or are the industry. In the same way Purplebricks needs to decide is it an agent or a sell by owner service.Its only saving grace is the cash up front model, when it lists, this keeps the cash rolling in, unfortunately it keeps rolling out the back door, and having only ever made a tiny profit one year (when it sold off its Canadian arm)there is no way a 10p/share concern can drag itself forward in a cooling market. All onliners are just propped up by investors cash, Strike will indeed be out of cash again very soon, sure you can buy the market by offering a free service, but if it costs to provide that service and investors are mad enough to burn capital - well they deserve to lose all. The more interesting pivot may be Rightmove, will the new CEO who starts in March 2023, change this digital billboard that replaced newspaper advertising, into something more in tune with the 2030 property market. Purplebricks, like Doorsteps is already cooked - the model just does not work, it scoops up vendors who want to pay cheap fees, and sell property at a low price point, they think it worth the gamble. But with a class action likely, a CEO who has never run a real estate business, and a mutiny to quell, my biggest question is why would Harry Hill be interested in Purplebricks at this late stage ... I can think of worthier projects. |
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