Purplebricks Share Discussion Threads

[lordyjordy1] 03/6/2016 05:30

I bought these for around 94 pence and then sold close to their trading update for 160 pence. I still see purplebricks as one for the future but in my view with the brexit and high prices/threat of a correction I decided to sell.
Not sure how this model would perform in a falling house market.....

[lordyjordy1] 03/6/2016 05:29

I bought these for around 94 pence and then sold close to their trading update for 160 pence. I still see purplebricks as one for the future but in my view with the brexit and high prices/threat of a correction I decided to sell.
Not sure how this model would perform in a falling house market.....

[moopdoom] 02/6/2016 22:05

My average cost here was below 80p back in Feb. I took it all off over 140p believing it was priced to perfection.The stock went on to 180p. I was underwhelmed with their latest update. I'd want to see FY '17 EPS close to 15p to warrant a price of over 150p to support a bullish case.The fact is that hasn't happened. They're growing interest but not earnings. Jefferies are right in my opinion, and have been very smart with their price target; I think the stock is worth more than 94p, but could indeed trade there with the high annualised vol.This is maybe worth getting back into below £1. I wouldn't pay any more until PURP upgrade guidance.My two cents.

[davr0s] 02/6/2016 10:47

Looks like bubble finally bursting....

[onjohn] 01/6/2016 17:45

Jeffries Key Takeaway- Numbers dont add up - lovee the target

Whether people buy or sell their homes through Purplebricks, we don't recommend that they buy shares in the company. The numbers in the business model look very attractive, however it is our view that they don’t add up.


Downside Scenario
 Our downside scenarios estimates are based on the assumption that KPIS and revenue drivers are 20% lower than our Base Case. In this scenario we assume that when cash levels reach £5m the company will cease to trade and cash will be returned shareholders
 FY2017E Revenue £23.1m
 FY2017E PBT £(18.0)m
 FY2016 EPS (7.5)p




Price target: 2p DCF based

[dlku] 01/6/2016 14:56

jeffries fairly scathing says it takes longer to sell on purp than a traditionalhouse builder

if the market is rising not a prob, but when a marketis crashing you might want to sell your house asap

[dlku] 01/6/2016 14:47

will be 94p fairly quicly

[hillofwad] 01/6/2016 14:29

Looks like the chickens are coming home to roost for the Bricks . Yet to hit the 3.500 pcm instruction rate for this years forecast and they are working overtime on Trustpilot to root out any negative reviews Well done to those who sold out of this Emperor,s New Clothes in the 170s and not waited til the 200p barrier which is starting to look very high indeed

[3rd eye] 31/5/2016 08:01

Purplebricks Group PLC PURP Jefferies International Underperform 0.00 160.00 - 94.00 Initiates/Starts

[albanyvillas] 31/5/2016 07:41

did they say how much cash left

[someuwin] 31/5/2016 07:33

Jefferies International initiates coverage of PURP with 'underperform' and 94p target.

[duncan doughnut] 26/5/2016 18:40

What a great buy and hold this has been.

[essential] 26/5/2016 13:09

Bought into these today - technically looking very strong.

[eclesby] 25/5/2016 12:10

Sorry DT it was this thread you started. I sold on results day for very nice five figure profit. All the best

[onjohn] 23/5/2016 10:42

burning cash fast

How fast?

[kmann] 23/5/2016 10:31

Time to take a few off the table and put it in to foxtons imo. Breaking out!

[hillofwad] 16/5/2016 12:17

Still are any dips they are back in. The whole setup is geared to make this Emperor.s new clothes look good The farcical impartial Trustpilot where most people with a legitiante grievance are excluded from posting a review Their "high" rating they ram down your throats at every opportunity The increase in instructions have yet to materialise .a lot of turnover on experts and those selers that delay paymentof the fee having to use their conveyancers who are openly charging them more than they do to non purplebricks customers

[bamboo2] 16/5/2016 11:31

Glaws, try this one...
7058/13509
7059/13546 [17]
7074/13571 [18]
7169/13685 [20a] 7184/13639 [20p]
7232/13804 [23] 7227/13828 [23]
7243/13846 [24]
7238/13843 [25] 7241/13755 [25]
7272/13796 [26] 7269/13647 7336/13650
7363/13781 [30] 7387/13844 [01] 7422/13854 [02] 7476/13906 [04] 7510/13987 [06]
7507/13972 [08] 7540/13954 [09] 7610/13948 [10] 7637/13961 [11] 7638/14044 [13] 7620/14027 [13] 7608/14067 [14] 7611/14010 [15] 7633/14044 [16] 7656/14089 [17]
7690/14133 [19] 7698/14205 [21] 7812/14347 [24] 7854/14431 [26] 7869/14450 [27a]
July, post brexit vote.
8148/14753 [05] 8206/14796 [07] 8300/14924 [10] 8520/15273 [19] 8747/15612 [27]
August 2016
8918/15843 [06] 8931/16011 [08] 9057/16129 [13]

maybe pm me with the answer?

[liquidkid] 16/5/2016 09:30

So Mr "Better Call Saul" Bruce wasn't the only insider/related party manipulating the market price. It was none other than 30% holder WoodForDunnit! calling it a temporary price weakness!
"we were able to take advantage of this temporary price weakness and we
invested further throughout January and February." WPCT

[glaws2] 16/5/2016 07:32

Too cryptic for me Bamboo

[bamboo2] 15/5/2016 22:05

7039/13494

[hillofwad] 12/5/2016 11:16

Not in anyway supporting Bricks I think any seller knows they have to pay the fee win ,lose or draw within 10 months The problem lies not only that they are tied into using the chosen conveyancing solicitor if they decide to up sticks Perhaps the no sale- no fee arrangement doesnt look so bad after all