Purplebricks Share Discussion Threads

[netcurtains] 16/4/2021 15:10

hillofwad: They might have expanded the London and surrounding area fee base: Guildford (other side of M25) is now counted as "surrounding area" - And there is a heck of a lot of purple brick adverts around here.

[ny boy] 16/4/2021 12:49

Creeping up, strong hold, done all my accumulating a while back. FOXT a strong hold Bought more STAF on a daft low volume drop but it is Friday!

[hillofwad] 16/4/2021 10:48

Net Bricks arrived on the scene in 2014 "Better Quality but less listings." That really doesn't help Bricks at all as they charge a fixed fee irrespective of the quality of the property Its a volume business More listings more revenue,less listings less revenue What is likely to happen is a complete review of their fees to compensate for less listings Maybe that is the expected news which has lifted the SP?

[netcurtains] 16/4/2021 10:25

I think Purple Bricks has been going up because fundamentally its a disrupter in the estate agent business.

[netcurtains] 16/4/2021 10:22

remember that program "Never Mind the Quality Feel the Width"... This is probably the reverse. Better Quality but less listings.

[hillofwad] 16/4/2021 09:18

New revenue streams required Sales inventory shrinking Today 9835 April new listings disappointing

[ny boy] 15/4/2021 23:58

You sense this one is about to take off as the economic quarters ahead will be very strong, Could easily x2 before the year end imo

[netcurtains] 14/4/2021 10:07

Interesting stuff going on

[hillofwad] 14/4/2021 09:37

Certainly Simon Downing is wealthy but doesn't have a large shareholding but certainly capable of amassing more What would be a real turnout for the books if Bricks decides like Foxtons to invest in Boomin

[netcurtains] 14/4/2021 08:45

So there is big money behind scenes of this company

[hillofwad] 14/4/2021 08:21

I think if you check out Simon Downing you will find he cashed in some chips in 2017 as a major shareholder selling Civica to Partners for £1 billion £250k is loose change

[boozey] 14/4/2021 07:56

Excellent Trading Update by Foxtons this morning.

[netcurtains] 14/4/2021 07:55

hillofwad: care to do the maths? How many millions would you need to earn a week before 1/4m can counted as back pocket money. Back pocket is about 1/10th of weekly pay. So he would need to be earning 3m a week or £156m a YEAR for 1/4m to be back pocket money.

[hillofwad] 14/4/2021 04:23

Yes the Director is Simon Downing ,Non -Executive and hugely successful .Granted unlikely to be buying unless hopeful but the reality is that for him its back pocket money .Set higher store on those who are salaried Directors On the other hand Axel Springer has invested in one of Bricks competitors the loss making Nested who have recently embarked on a change of tack. What do you read into that? My concern is that £60m will not be spent wisely if history is anything to go by I am not overly impressed with Garvey who seems to be overly obsessed with the tech,the bells and whistles rather than the nitty gritty of getting new instructions through the door Instruction levels still falling today just 9918 It wasn't that long ago when they had 20k+ I really don't know what they can do with Lettings .The new man Beckwith arriving from Foxtons is a M&A man so it sounds as if he has arrived to buy in inventory in an attempt to beef it up Their last foray was Venmore Jones on the Wirral some years back Spend,spend,spend creating a wave of excitement and possible share price rise History tells us that revenue tends to disappear thru the back door when this happens.Just ask Countrywide I fear its now just a damage limitation exercise .However any new initiatives and purchases with the euphoria might take the share price up in the short term especially if they can find new revenue streams Lets face it rollback the years when Bricks launched on the market they forecasted they will have100k instructions pa by 2020. Missed that target by a country mile and shareholders haven't received a penny piece in dividends

[boozey] 13/4/2021 20:20

Not sure if anyone saw the Vin Murria interview on Mello Monday yesterday - a must watch for us mere mortal private investors. When asked about what stocks to invest in (about 1hr 13 minutes in), her focus was around companies in the Digital Transformation space of which of course Purplebricks is one. Good to see more discussion on this Board at last :)

[netcurtains] 13/4/2021 20:11

hillofwad: Lets assume every single thing you say is true and yet: director bought 1/4m just a few days ago. Price is rising. The implication is there might be something in the offing that is not in the public domain yet or finalised. Perhaps merger or some new business venture or something..... After all said and done we now have quite a bit of "smoke" so "fire" is quite a possibility. Lets see how rest of the week pans out.

[hillofwad] 13/4/2021 19:36

Just a couple of weeks to year end . Last year UK revenue down 10.7% to £80.5m Unlikely to be much different this year despite July being a record month with over 7,000 listings Maybe they have something special planned with the £60m it must be burning a hole in their pocket

[boozey] 13/4/2021 17:49

In normal times Purplebricks have a trading update the first week of May. Foxtons also had a good day today probably helped by their buyback programme and where Soros also has a stake. You feel the sector may be going through a re-rating process.

[netcurtains] 13/4/2021 16:35

That is a big finish - I guess

[ny boy] 13/4/2021 15:34

Not time to be selling, just accumulating imo Train looks finally set to be leaving to planet PURP 150 (first stop) Stay patient GL Cryptos are where the money is being made, easy to hold for a month or two and see X2,x3,x4 etc, crypto extravaganza

[hillofwad] 13/4/2021 15:29

Could be I could have timed my exit better LOL GLA

[netcurtains] 13/4/2021 15:14

Is that because its going up? 😊

[netcurtains] 13/4/2021 14:28

I dont know I think very recently (past month), Purple Bricks has got very hip and happening. I think you're missing the late swing on the swing-om-meter of cool.

[hillofwad] 13/4/2021 13:34

Well maybe so but with inventory below 10 k new instructions are falling which means revenue is as well The listings dont lie They are unable to replenish stock in the current market