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Purplebricks Share Discussion Threads
Showing 1051 to 1074 of 1075 messages
|Nice rise from £1.55
Any other good ones out there!|
|Probably switching back to Foxtons, which has started to break out, following breaking through long time resistance at 100p|
|NXD sold 1.6M shares yesterday at £3 each - that's not a sign of the company being undervalued.|
|Nasty fall at the end. High volume or small?|
|I don't see easyproperty boards, anything like as often as PURPS|
|As mentined above:>
Got some heavy unlisted competition -
The Easy name is a strong marketing proposition and some heavy weight management plus well funded
So I can see PP under significant pressure - both financial and from competition.|
|Now seeing LET by PBboards for the first time.|
|Saw lots of them going through London on the 73 bus, quite a rich area, wasn't expecting to see them there!|
|I actually saw a Purple Bricks "sold" board near my house yesterday, the first time I have ever seen one!
I wouldn't have thought they would need to do that, maybe they feel they need the extra kudos of people seeing sold boards?|
|PRDnationwide claims disruptors such as Purplebricks achieve lower prices
|Purplebricks – What is really going on?
By Chris Wood | Friday 14 April 2017
Purplebricks (PURP) is one of a raft of new-breed estate agency companies making some bold and questionable claims in the property market at present but how many of these claims stand close scrutiny and are they even trading within the law?...
|MartyWidget - I had not seen your mail or the CIELA article when I typed 591 -- but it comes as no surprise. There will be differing views ....and the road may be bumpy.....but to me the direction of travel is clear which is why I am invested here.|
|Paul - I agree. But when you say 'it has about 2/3 market share'.... market share of what and where did you reference this?
Traditional estate agents must be extremely worried and will no doubt try to rubbish Purplebricks. But I suspect they will need to change their business models...in the meantime Purplebricks has a head start.|
|The Charter for Independent Estate and Letting Agents (CIELA)
April 7th, 2017
CIELA defends Independent Agents from offensive PB report
|PP_ Got some heavy unlisted competition -
The Easy name is a strong marketing proposition and some heavy weight management plus well funded -|
|PURP - the valuation currently is completely bonkers. There's a simple reason for that - it's a disrupter, and is killing the competition.
You can look on Alexa, and see how all the competition is doing, and they've already lost the battle in the UK. This is just like Rightmove - the early winner will dominate the sector. PURP has already won the war in the UK - it has about 2/3 market share, and can now out-spend the competition on marketing.
It's also going international.
I feel that 300p is about the right price (very, very expensive) for now.
Longer term, I see this being a multi-bagger. No idea when though. So it's a 5-10 year hold for me.
|looking to short this but not yet.
The crazy valuation still has legs to stretch IMHO.
To sell my house I need to get on Rightmove. I can do this by going with a high street agent with no up front fees, apart from energy cert, unless I pay extra for special photos. Buyers believe the price quoted becaiuse can usually see similar on Rightmove and are comforted by the authenticity of a well known agency. The agent is highly incentivised to sell - as, otherwise, no fee. However the innevitable negotiated sale price dispute of £10k or so is of little interest to the agent and they will endeavour to persuade one to accept the lower offer to get the sale. Also the fees are ridiculous, mainly due to being a percentage of the sale price. But one accepts, partly in relieve that its sold and a very worrying period of time is concluded.
On the other hand we have purple xricks and similar who are basically an entre to Rightmove at a low price. If it sells straight away its brilliant but if not, one goes to the alternative as there is no comfort blanket/sdvice. This is what I did with my last sale and sold straight away via traditional agent.
To enter US there will need to be a US Rightmove equivalent to host agents.|
|hxxp://www.propertyindustryeye.com/purplebricks-confirms-purchase-of-of-prominent-bricks-and-mortar-high-street-agency-business/ - Liverpool & surrounding area - upcoming business & close to home. Now they need to up their exposure in Manchester!|
|Andy, London top-end prices fell 10% a day after the vote - a mate of mine bought his Dalston apartment the day before and is still underwater! And don't forget foreigners working here & being paid sterling will have had a 20% pay cut. But I don't think very expensive houses in London are relevant to Purp anyway. I'm thinking fears of immigration restriction will weigh on btl landlords & values a bit further down the food chain. May not do. We may have much of Britain's housing stock being bought by the Chinese etc, which would be ironic given Brexit voters' aims of independence from foreign control. But that's another story... I'm more concerned that the pound will continue to recover against the dollar, lessening the profits from PURP's Ozzie & US expansions & leading to an share price fall in general.|
If there is a "brexit house price recession"?
Why would brexit cause a house price recession? if anything it has been positive for london as foreigners buying here have had a 20% reduction in price through the lower value of sterling!
I know of one very expensive house that has just sold to a Russian that has been for sale for two years, and that was achieved because of the lower sterling value.
Houses look very toppy now, IMO, and a correction of sorts is surely on the way?
The problem is if they correct, lending becomes more difficult, and that will effect ALL agents, not just High St.ones.|
|House prices down 0.3% monthly - this will squeeze trad estate agents with high overheads most. If there is a Brexit house price recession people will want to sell cheap & fast - I think online agencies & auctioneers could be the last ones standing.|
|I've been to a few viewings organised by High St estate agents where the family just showed me round. Worked fine, so why have an office? Old Mutual is now over 12%. 3 Funds in the last week obviously think it has legs. Had I been short I would have cashed out at 250.|
|Up from days low :)|
|The PURP sales I have seen, have all been bloody fast!
Maybe sales by owners, using valuations by experts, is a model which works best? Nobody trusts agents. Maybe the families living in these homes are more
trusted by buyers.|