Purplebricks Share Discussion Threads

[bbmsionlypostafter] 20/10/2017 10:08

£11,343 raised.

[rogthepodge] 19/10/2017 22:26

he shorted ASOS too

or at least told his naive followers to do so

to their cost

[rogthepodge] 19/10/2017 22:25

TW called it a zero

but he's a TW@t

[rackers1] 19/10/2017 19:11

Andy I really don't get youI never said anyone called it to zero.What the hell r u on about?

[andy] 19/10/2017 15:19

Rackers,

OK you are saying TW called it a zero?

If he did I think he'll be proven wrong, I see it lower, much lower in a slow market, but never zero or anything like it.

[rackers1] 19/10/2017 15:00

elcapital201719 Oct '17 - 14:57 - 2855 of 2855 0 0
I think you pay for it numb nuts. Like you contributed to the crowdfunding against purp.
You really have no idea what you are doing do you!




errrrr NLG pal you hypocritical rabbit.

hahaha

[elcapital2017] 19/10/2017 14:57

I think you pay for it numb nuts. Like you contributed to the crowdfunding against purp.
You really have no idea what you are doing do you!

[rogthepodge] 19/10/2017 13:47

looks like Tom will not be charged the £20 I am guessing he contributed in my name. What a wag!

[elcapital2017] 19/10/2017 13:15

Must be hard to compete against these

www.doorsteps.co.uk/index.php#how

NOt sure how they can make this pay. it costs about £600 a month to put 50 properties on to just rightmove and no pro rata costings. great i suppose if theyre all in one are and you can take 50 on at a time and they sell in one month.

[elcapital2017] 19/10/2017 12:53

Andy

I have rackers on filter as he is a moron

I have never said its a zero,it was primarily the massive valuation and that nicky numb nuts was long

[rackers1] 19/10/2017 12:16

NY boy - if the market crashes. sure we will see the market correct a few hundred points here and there which will scare some out . the big money is to be made by staying in for the longer term.

as to PURP - no position.

[ny boy] 19/10/2017 11:54

Market slide is under way from Dow 23174, the correction could get very ugly as way too many have been too complacent. These will collapse if the market crash

Not the right stock to be long on at this juncture imho.

[andy] 19/10/2017 11:48

Rackets

I'm not sure he has ever said this would go to zero,

The bears here think the current valuation is way too high, which is completely different.

I can see a case for online fixed price house selling, but cannot accept that traditional agents will not adapt to change.

Some here think High St. Agents are finished whereas I expect them to survive alongside web based selling.

[elcapital2017] 19/10/2017 11:25

I think I, and most bears on this thread, do not think this is a wipeout and believe there is room for both.

What us bears have focused on, is the massive valuation and the risk about jumping into overseas markets and the costs involved

[tonybaloni] 19/10/2017 11:11

There will always be a reluctance for sellers to deal with non traditional methods, same for many other industries, so high street agents will be safe for a while yet. However I think the new models are here to stay. In my humble opinion I think there is room for both. Purplebricks is rapidly becoming a household name so will continue be the online market leader.

[andy] 19/10/2017 10:24

hpcg,


Yes if you list with a traditional commission based agent, his success rate is less important because he doesn't make any money unless he makes the sale.


With an upfront fee, there is less motivation once the fee is paid, so the success rate is far more significant to the potential house seller.


If I were a traditional agent, I would offer both options, allowing all customers to choose, and that would knock the new online entrants.

[hpcg] 19/10/2017 10:16

Jefferies makes a good point. For a fixed up front fee, by which I mean the fee is payable irrespective of results, not that it must be paid before work starts, then a success ratio is important for the customer. From an investor's point of view it doesn't matter because the money is the same.

Tonyballoni - I have to agree, if you can't afford the few thousand it takes to move paid for from cash then you can hardly afford to move. The exception would be the three Ds.

The main outcome I see is that selling fees will compress and high street agents will make less profit. I support the online competition in this regard, just not the PURP valuation.

[bbmsionlypostafter] 19/10/2017 09:03

£11,323 raised.