Purplebricks Share Discussion Threads

[skynet2000] 15/9/2021 18:06

Why the drop from previous high of over £1?

[hillofwad] 28/8/2021 12:43

A big chunk of that cash will be given out as compensation to LPEs and T/Os for breaking their contracts

[tmfmayn] 28/8/2021 11:47

[SharePad] Small-Cap Spotlight Report: PURPLEBRICKS #PURP

 "Strip out the cash and arguably the underlying business is valued at £118 million — which may not be completely outrageous if operating profit does indeed reach £15 million by 2024." hxxps://knowledge.sharescope.co.uk/2021/08/25/buy-purplebricks-shares/

[hillofwad] 25/8/2021 05:28

It will only recover if new revenue streams are created . Instructions are well down on 2019 and there are only so many price increases you can make to mitigate the damage Axel I guess have been preoccupied with managing the changeover to private status Will they stay or will they go ? A disillusioned workforce who didn't join Bricks to be salary men Just goes to show how despearte things are when having to bribe Vic to stay on the premises with extra bonuses etc. No dividends and a current share price well below flotation. The bar has beens set low Lettings is a busted flush . High profile acquistion Beckwith arrived .Realised what he had let himself in for and scarpered SP will be continuing its journety further south .

[rogthepodge] 24/8/2021 23:57

This one is going to recover. Simples! The marketing spend has been spent. It is the online estate agency brand.

[hillofwad] 24/8/2021 21:20

Trouble At Purple Mill Already best fieldsmen voting with their feet Being courted by Ewemove and others Bricks even trying to disguise the dwindling new instructions by manipulating the figures on Zoopla .In a matter of weeks they found an extra 4,000 down the back of the sofa The disruptors have been disrupted Will take another look if it hits 50p

[stantini] 24/8/2021 20:15

Lets see - best housing market since 1998, better than 2007 (and we know what happened the following year). But now housing market has fallen off the cliff - that is todays news 24/08/2021. HMRC has provided good old-fashioned data, showing that the seasonally adjusted number of sales that completed in the UK in July was … 63% lower than in June. (Not a typo) That is right only 73,740 properties were moved in to in July, down from a whopping 198,400 properties just the month before. The completions in July were also nearly half the average amount of properties that completed each month up to July, which was running at 145,000 per month. What could be the reason for the housing market falling off the proverbial cliff, the answer is simple, the last day of June was the last day that buyer’s could get a maximum of £15,000 stamp duty knocked off their moving costs. What does mean? All agents are going to get less of a dwindling market, and onliners who already own a small amount of that market will also get less. If an online agency which should have absolutely dominated a 'lockdown' 'anti hands on agency approach' market can only manage £3m+ pre tax profit. What will having a fully employed team do to those profits ... My advice - PB needs to stop trying to copy the anlogue agency model, and build a new model, starting with understanding what agency in 2025 will look like, how buyers, sellers renters and landlords will be doing it, over what communications and how much will they pay for that service. Or they could just keep driving the company over the cliff like the other 7 onliners who burnt through millions and no one even rembers they traded. About the only thing I am uncertain of is will the price hit 45p, before the schools return, then it will revive a little during traditional listing period, tapering off in late October where listing goes into hibernation until Q1. Thoughts Mr Manchester Mills?

[taffer87] 24/8/2021 18:36

Hmm sharp decline in completions in July 21 for UK vs July 20 - what does the future hold?

[boonkoh] 10/8/2021 14:09

Agreed. Mgmt won't have time to do both major restructuring of their resources, and also investing in growth.PURP been on my watchlist for a while and before today's announcement I would have taken a position at c65p but with todays news I'm going to bargepole and set a reminder to come back in 6 months, see how the restructuring is going and cash left.

[hillofwad] 10/8/2021 12:25

Field agents will be lawyering up as their franchise agreements ripped to shreds They didn't arrive to be salarymen No wonder they haven't spent the monies received from the sale of the Candian business.

[boonkoh] 10/8/2021 12:11

Profitability pushed out further in this business model change.Essentially no different to an estate agent chain. They will have employees. Just no physical branches. And some tech on top that arguably is better than competitors.Why buy PURP when you can buy another listed estate agent at cheaper valuations, and those are already profitable?

[firm foundations] 04/8/2021 22:40

I continue to follow PURP intrigued that the results were very good and the share price has gone in the opposite direction. At some point imminently I'll add it to my portfolio.

[boonkoh] 28/7/2021 21:45

Read this in a newsletter today. Haven't verified. DYOR: "Zoopla has said that an acute shortage of properties coming to the market is likely to restrict sales this year. It says there was a 25pc fall in homes for sale in the first six months of this year, compared to the same period in 2020."

[hillofwad] 27/7/2021 12:29

Inventory down to historic lows Just 7605 sales and 180 rentals. Dire

[dennisbergkamp] 27/7/2021 10:30

wrong side of bed, it seems... can't see why it's falling so much D

[hardupfedup] 27/7/2021 10:28

price is out of bed now imo

[dennisbergkamp] 27/7/2021 10:24

Citygroup have dropped 3%, MI Chelverton UK Equity Growth Fund have gone from 0 to 5.7% D

[hillofwad] 23/7/2021 14:02

Well more losses to come from Homeday in Germany and revenue already tanking in H1 where the rest of the agency world has enjoyed a field day It looks like Axel are mothballing it

[dennisbergkamp] 23/7/2021 12:41

They swung from a loss of £9.2M to a profit of £3.6 - Isn't that worth a play at these prices? D

[stantini] 14/7/2021 00:56

Trading at 20p less than when it first listed on AIM, this is not even a dead cat bouncing, this is a dead cat, one metre below the street level. With Strike and Yopa both raising money to build the future - my advice the present here and now is saying all onliners are using the wrong code to build their digital empires. Maybe start with consumer UX and work backwards. I think VD may not be in post in the near future - question is who would take his place? A digital twin - ha ha

[boozey] 02/7/2021 21:39

Results Tuesday.

[hillofwad] 02/7/2021 10:39

Inventory down again Change at the top The CEO is the invisible man

[netcurtains] 02/7/2021 09:27

I'm out. Shaken out. Sorry. I dont normally lose but this is one of my losers Ouch.

[pete123456] 02/7/2021 08:56

when are the results due.

[hillofwad] 16/6/2021 12:04

Inventory now dwindled to 8051 and lettings 200 Change at the top needed hxxps://www.estateagenttoday.co.uk/breaking-news/2021/6/sell-purplebricks-stock-market-advisers-tell-investors-to-quit-agency