Purplebricks Share Discussion Threads

[andy] 15/12/2017 09:08

And the price jumps on this news?

[elcapital2017] 15/12/2017 08:40

More red flags

[andy] 15/12/2017 08:33

Well this announcement has made the price jump by 20p?


"on 13 December 2017 exercised options over 40,000 Ordinary Shares at GBP1.29 each and subsequently sold 40,000 Ordinary Shares at GBP3.65 each."



Not exactly a massive vote of confidence, selling the lot to pocket around £90,0000 easy profit, is it?


Surely he would have kept them if he was confident of further rises? I know I would.

[andy] 14/12/2017 20:21

Tony,

On that score I totally agree, it's money for old rope IMO.


ITCM1

Agreed.

The way I see it, they have just had results, and tipped by the Motley Fool, after a recent purchase from Neil Woodford, so where is the driver in the short term?

[tonybaloni] 14/12/2017 19:26

Andy, if Purps existence forces the greedy agents to work for a fair fee then that's a job well done as far as I see it. They have always had it too easy, it doesn't take any more or less effort to sell a 400k house than a 200k one, but they demand double the fee.

[elcapital2017] 14/12/2017 19:15

You have to beleive they will make a success in the USA to be able to look and even try to forecast a forward PE. I dont think they will make it there so it becomes a totally different outlook

[billy two cocks] 14/12/2017 19:13

Two Words...growth, forward p/e.

imho, pdyor.

Thanks.

BTC

[ltcm1] 14/12/2017 18:26

The trouble with this share is that while the short case may be very sound there is the problem that the market could stay irrational for a good while yet.

[andy] 14/12/2017 18:25

Tony,

Don't worry just a typo, it is £995 + VAT.


The point is they are offering a fixed fee, which looks like a response to PURP


I feel a few more will be following that example as the market slows, as I expect it to.

[elcapital2017] 14/12/2017 18:03

buywell

I know rightmove charge 599 pounds for 50 properties but i think they have put it up recently

they are in batches of 50 though, b ut i would guess purp get a better rate

this is for purp to advertise their properties in the right move portal. is this what you meant?

[buywell3] 14/12/2017 17:33

It would be interesting to know how much %PURP revenue was derived from rightmove.co.uk adverts placed by PURP


Anyone know ?

UK property crash is now underway

Watch for next month on month change in prices

I will be looking for another -2.0% plus

[tonybaloni] 14/12/2017 16:00

Andy, make your mind up it was £995 yesterday !

[rackers1] 14/12/2017 15:44

True up to a point there I feel.

There is a fine line as to when the house seller would wish to use PURP and be charged a flat fee and paying over the odds commission to an estate agent.
If the agent prices too high then they will try a flat fee agent. And vice versa. Depends where that critical point is. But there could be room for both on that basis. healthy competition.

[andy] 14/12/2017 15:25

LM,

Interesting post, but I feel comparisons to Autotrader and Yell are not appropriate for PURP.


One is a £30 advert for a car, for example, the other involves around £1,000 for the biggest asset most of us own.


If the market slows down, and I think it already is in some places at least, then I think the PURP model will prove unpopular, as people will prefer to pay a commission IF the house sells, rather than before the marketing starts.


If the market holds up the biggest threat to PURP is High St. agents lowering their commission rates or changing to offer a fixed fee just like PURP do.


One agent near me is offering £995 + VAT fixed selling fee for December!

[the oxford whale] 14/12/2017 12:04

Uber is running at a massive loss (courtesy of being subsidised by yield hungry investors who don't have anywhere else to park the cash after years of cheap QE). Other than that there is nothing innovative about the company at all, other companies have similar offerings. In any normal market environment uber would be worth a fraction of what it is today. Sounds a bit like PURP to me.

[bbmsionlypostafter] 14/12/2017 10:39

300p by Friday.

[andy] 14/12/2017 09:41

Shauney,


I think that note reflects what many people are thinking. Normally good news is shouted fromt he rooftops, so the absebse on key information is viewed sceptically by people that understand how these things work.


What they need to tell the market is:
How many instructions were taken
What percentage have sold
What percentage of the original asking price was achieved for those that sold
How many ran over time or did not sell
What percentage of people are now paying back a loan as a result of non sale for the advance fee

[boofay] 14/12/2017 09:18

They put on 60 in my city this year and sold 40. So 66% chance. That still is only 50k in fees. I.e. like remax used to say they were the biggest agent in the world by geography. Not profit.

[shauney2] 14/12/2017 08:56

Billy,what a thread this is lol.I take these are grown men.

Anyway,its very binary share.Love it or hate it.

Citygroup have a target of 500p

jeffries have a target of 94p

They also say this

Jefferies is still sceptical about the valuation being applied to online estate agent Purplebricks (PURP), whose shares have risen 156% this year.

Analyst Anthony Codling said while interim results released yesterday looked ‘impressive217;, but a lack of clarity on how many homes were actually being sold through the site was troublesome.

‘Once again, we find that Purplebricks continues to speak in riddles – “we sold and completed £4.6 billion of property with a further £3.8 billion in the pipeline”. However, we cannot tell how many homes that equates to,’ he said.

‘And that is the one thing we think potential customers should be asking: “If I pay you more than £1,000 what are the chances that you sell my home and how close will you get to the asking price.’

Codling has an ‘underperform’ rating on the shares and a 94p target price, well below the 361.8p at which they were trading yesterday, after an 8.9% fall.

‘Purplebricks is currently priced for perfection, yet we believe this early stage disruptor has yet to prove the efficacy of its business model,’ he said. ‘Should the model stumble, the share price may do likewise.’

[andy] 14/12/2017 08:21

red5,

There is some useful opinion and debate.

If you filter those that are swearing, or whose posts cause you angst, the thread becomes more lucid.

[red5] 13/12/2017 22:21

There is no informed opinion on this thread anymore very sad very sad indeed.

Looks like swearing is starting to be the norm. shame really, if people can't decide to be civil to each then reason is lost.

[billy two cocks] 13/12/2017 20:03

WHATEVER HAPPENED TO INFORMED DISCUSSION ON ADVFN?

imho, pdyor.

Thanks

BTC