Purplebricks Share Chat (PURP)

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Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Purplebricks Group	LSE:PURP	London	Ordinary Share	GB00BYV2MV74	ORD 1P

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	-22.00p	-12.74%	150.70p	147.20p	155.30p	171.90p	150.00p	171.90p	604,846	16:35:25

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Real Estate	93.7	-26.2	-10.0	-	456.37

Purplebricks Share Discussion Threads

Showing 7776 to 7796 of 7800 messages

Chat Pages: 312 311 310 309 308 307 306 305 304 303 302 301 Older

Date	Subject	Author	Discuss
10/12/2018 22:09	Andy... https://www.investtech.com/main/market.php?CompanyID=44112112&tck=PURP	ny boy	Read Full Thread Reply
10/12/2018 21:55	I think Purp might have worked if they had been more innovative and also had a number of hubs to get punters in the door. They should have opened about 50-75 branches and made them more interesting places to visit than your average estate agent. They should have invested in some good people instead of twenty something get rich quick merchants. It is not too late to change as they have cash in the bank but they can't leave it much longer. Probably these foreign ventures have taken up too much of their time.	ltcm1	Read Full Thread Reply
10/12/2018 21:54	NY BOY, HOw do you work that out? I think the market cap's way too high, even at 147.72 personally	andy	Read Full Thread Reply
10/12/2018 21:52	" That is why there are clauses that make you keep LtV at a certain level well below 100% throughout the life of the mortgage and not just at the start. " I would love to see you paste or link to a BTL mortgage clause which says this. That would be absurd, and not in the lender's interest. It indeed might destabilise the banking system. A mortgage is a contract to pay x% on the loan for a number of years, with the property as collateral. I think you are confused Sweet Karolina. As a Share Prohets contributor, not so surprising. False news. Sweet Karolina10 Dec '18 - 19:44 - 7339 of 7344 0 0 0 The highest LtV you can get on BtL at the moment is 85%. The cheapest deals are 60%. If a BtL property becomes worth less than is owed and rent is not covering repayments the owners have just stopped paying the mortgage and handed it over to the mortgage lender giving them the headache of trying to sell it. If you do not live in the place yourself why not? That is why there are clauses that make you keep LtV at a certain level well below 100% throughout the life of the mortgage and not just at the start.	rogthepodge	Read Full Thread Reply
10/12/2018 21:45	In a steep falling trend channel - objective....Trend floor at 147.72p	ny boy	Read Full Thread Reply
10/12/2018 21:15	In the circumstances you have outlined it is very likely the lender you've just defaulted on will have the house you and your family occupy. Or at the very least, have a charge attached to it for the debt you owe at the time your BTL is sold. Remember: they know where you live!	philosopherad1	Read Full Thread Reply
10/12/2018 20:23	rogthepodge 27 Nov '18 - 19:52 - 7063 of 7324 0 0 0 200p incoming lol	sweet karolina	Read Full Thread Reply
10/12/2018 20:07	65p by March.	bbmsionlypostafter	Read Full Thread Reply
10/12/2018 19:44	The highest LtV you can get on BtL at the moment is 85%. The cheapest deals are 60%. If a BtL property becomes worth less than is owed and rent is not covering repayments the owners have just stopped paying the mortgage and handed it over to the mortgage lender giving them the headache of trying to sell it. If you do not live in the place yourself why not? That is why there are clauses that make you keep LtV at a certain level well below 100% throughout the life of the mortgage and not just at the start.	sweet karolina	Read Full Thread Reply
10/12/2018 19:44	Evidence please 'Andy' This sounds like nonsense. No margin calls on BTL mortgages, unless you can show otherwise. Andy10 Dec '18 - 19:20 - 7335 of 7336 0 0 0 Rog, It's to do with the valuation, if it falls below a certain % on some BTL mortgages they have provisions to ask you to increase your deposit. I called it a margin call, but there's probably an official name for it. Think about this, you buy for £200,000, with a 10% deposit, so you owe £190,000. Then prices fall 30%, so now it's valued at £140,000. I believe in this case some BTL mortgages have a provision to request more deposit to reduce their risk, and it's nothing to do with the mortgage being fully paid up on time, it's about their security. I know someone that lost a property like this years ago, maybe times have changed but i'd be surprised if such provisions aren't in there still. Imagine if you had a number of properties!	rogthepodge	Read Full Thread Reply
10/12/2018 19:43	Wow no part of Woodfords " investing universe " not getting shafted by insane brexit.	porsche1945	Read Full Thread Reply
10/12/2018 19:27	Correct Andy, back in 06/07 some lenders were giving out 105% mortgages ! They were soon pulled, then they went to 90% ltv and even 85% ltv for a while after the crash. It was only after a few years they released 95% ltv back to the market and there was only one lender at that time that would accept a loan as a 5% deposit (so effectively a 100% mortgage). It wouldn’t surprise me if they tightened their lending criteria even more in coming months.	cowtrader	Read Full Thread Reply
10/12/2018 19:20	Rog, It's to do with the valuation, if it falls below a certain % on some BTL mortgages they have provisions to ask you to increase your deposit. I called it a margin call, but there's probably an official name for it. Think about this, you buy for £200,000, with a 10% deposit, so you owe £190,000. Then prices fall 30%, so now it's valued at £140,000. I believe in this case some BTL mortgages have a provision to request more deposit to reduce their risk, and it's nothing to do with the mortgage being fully paid up on time, it's about their security. I know someone that lost a property like this years ago, maybe times have changed but i'd be surprised if such provisions aren't in there still. Imagine if you had a number of properties!	andy	Read Full Thread Reply
10/12/2018 19:17	rogthepodge 27 Nov '18 - 19:52 - 7063 of 7324 0 0 0 200p incoming lol	sweet karolina	Read Full Thread Reply
10/12/2018 19:04	margin calls on mortgages? now that is a good one lol as long as people keep paying, why should the mortgage provider call it in, until end of the contract? That would be madness, and not in their own interest	rogthepodge	Read Full Thread Reply
10/12/2018 18:44	SK, Agreed, I have always said it's affordability, or rather the lack of it, that is driving prices down, nothing to do with Brexit at all. The income to price multiple is simply too high, and once prices have corrected, which is healthy for the market, buyers will return and upward movement will resume. I believe some BTL mortgages have a clause in them that allows them to margin call if the value drops to cover their risk. That may get nasty if that starts to happen in a big way, and could bring a whole load of new properties onto the market in a firesale situation.	andy	Read Full Thread Reply
10/12/2018 18:40	you invent what I say strange where did I say PURP was going to 300p Sweet Karolina? you inhabit an alternative reality fake news sums up Share Prohets	rogthepodge	Read Full Thread Reply
10/12/2018 18:39	LOLOLOLOLOLOLOLOLOLOL sweet karolina: rogthepodge 27 Nov '18 - 19:52 - 7063 of 7324 0 0 0 200p incoming lol :D :D :D it’s over Rog......you’ve lost again lolololololol	cowtrader	Read Full Thread Reply
10/12/2018 18:12	Neil Woodford - Purple Bricks Grandee - maybe not so grand - and of course Capita's ex head Paul Pindar is now non-executive chairman of Purplebricks ...so a cosy collective of talent. How will Purplebricks share price after latest results … a third off maybe not but … I do not forsee a rise especially as WHICH are now shouting that 5,000 consumers - vendors/landlords/tenants have done their dough through Emoove/Tepilo/Online model pay upfront then we go into administration. The Following from Motley Fool today Sunday 'Shares in Neil Woodford-backed construction firm Kier Group (LSE: KIE) were hammered on Friday, losing 33% of their value. The dramatic share price fall came after the group announced on Friday afternoon that it plans to raise £264m by way of a rights issue. To do this, it will create 64.5m new shares, and sell these to investors at a price of 409p each – approximately 46% below Thursday’s closing price. Construction sector risks The reason Kier has launched the emergency rescue rights issue is that it wants to pay down its debt pile and strengthen its balance sheet after lenders have become a little more cautious towards the construction sector due to Carillion’s recent collapse. Kier CEO Haydn Mursell explained: “There has been a recent change in sentiment from the credit markets towards the UK construction sector, with various lenders indicating that they will be reducing their exposure to the sector. This has led to lower confidence among other stakeholders and an increased focus on balance sheet strength. The Rights Issue is intended to address these issues.' Property sector to follow.	stantini	Read Full Thread Reply
10/12/2018 18:08	Henchard, Indeed, this stock has been protected from shorters by 'no borrow'!	andy	Read Full Thread Reply
10/12/2018 18:05	rogthepodge 27 Nov '18 - 19:52 - 7063 of 7324 0 0 0 200p incoming lol	sweet karolina	Read Full Thread Reply

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