Purplebricks Share Discussion Threads

[1daveo] 18/1/2018 08:38

Keep the faith my friends

[andy] 18/1/2018 08:36

CWD posted poor trading results today, they're down heavily, as are Foxtons, yet PURP is up?

It's hard to believe they aren't effected in the same way by the market turn in London, time will tell I guess.

[ltcm1] 17/1/2018 12:49

Where is that chartist guy with the graphs???

We have entered a decending channel, it's coiling like a Viper ready to plummet like a ton of bricks to 300, Purp will be the biggest incidence of subsidence since the 1976 drought.

rog you heard it here first. Unless I'm filtered that is.

Andy double down me old son and ride this gravytrain.

[bobmonkeyhouse] 17/1/2018 11:29

Allagents describe Purple bricks as the lowest rated one star firm for 2017

[ltcm1] 17/1/2018 11:02

hp some say Allied Minds ain't worth a bolt either. I wonder how it would affect his fund if it cratered.

rog you are right in that the ability of Purp to generate revenue from referrals is good but are customers being coerced into taking these services? If they are linked to other offers they are making then it might overstep the mark in some way.

As dangersimpson eloquently put it, there is something spivvy about Purp. rog the trouble with rockets is they do have a nasty habit of crashing back down to earth.

[hpcg] 17/1/2018 10:09

Utilitywise down because it is having to redo all its account, Provi off on speculation of a rights issue, IMP keeps drifting. Where will he get the money for a rights issue, even if the PFG is only 1.78% of his Income Focus fund portfolio? He probably has to trim a bit of everything, including PURP, and marginal sales is all it needs to pressure the share price. Obviously that would be a short term fluctuation and not related to company performance, but his holding is so significant to the valuation that it is almost as important.

Edit - the Equity Income fund is worse. It has a lot of unlisted potential cash drainers, and overall the portfolio is pretty high risk. PFG has a higher proportion in that fund, but PURP is lower.

[rogthepodge] 16/1/2018 19:46

good. You are one of the few on here, who don't.

[andy] 16/1/2018 19:10

Rog,

No.

Have you read and understood my previous reply now?

[rogthepodge] 16/1/2018 19:03

Andy
Do you 'write' for Share Prophets?

[andy] 16/1/2018 18:40

rogthepodge16 Jan '18 - 18:14 - 4014 of 4014 0 0 0
so Andy, you had a lot of money in your account, and because you still have some money in your account

it isn't a loss

-------


rog,


No, I didn't say that, once again you are putting words in my mouth.

I suggest you read my last reply again, you clearly didn't understand it the first time!

[rogthepodge] 16/1/2018 18:14

so Andy, you had a lot of money in your account, and because you still have some money in your account

it isn't a loss

you really are a remarkable fellow

[andy] 16/1/2018 17:47

Rog,

I was referring him to my post 4003 which replies to your 3999, where you said I had made "large losses", but cannot state my trades.


FYI I already had a nice positive balance in my spread betting account, so there's no pain thus far, and by choosing a sensible (IMO) position size, I suffer no angst every time it rises a few points.


Clearly I would prefer to see it in the money, but it may take a little time for the housing bad news to set in, and PURP may report results before then.

[andy] 16/1/2018 17:43

itcm1,

Not sure about housing benefit not covering rents, where would everyone go?

There is some sort of cap, but not sure what it is, or if it applies immediately or after a time, and I have seen that of you do some part time work the cap is lifted, but I have no experience of this so only going on what I have read and I could be completely wrong.

'IF' Brexit goes ahead, there is a risk to a lot of banking jobs in London, although I'm sure they'll minimise it with a workaround of some sort.

[dangersimpson2] 16/1/2018 16:33

The 'Scottish House Move' list won't be new to anyone here who has actually researched the company.

The bull argument is that they have been very clever hiding all these commission fees that customers are paying and removing costs by making LPE's 'self-employed'. And that none of this will come back to bite them because people sell houses so infrequently that repeat custom doesn't matter. Online reviews are easily manageable to avoid those with a bad experience changing the views of others.

However, in my experience, companies that treat their customers as if they are lambs to be fleeced rarely make good investments. Sometimes regulators catch up with them but often the fundamental issue is that if you are happy to fleece your customers then you don't think twice about treating your shareholders in a similar manner. None of the ones I can think about have done well long term for shareholders despite initial periods of strong business growth (Quindell, Accident Exchange, ringtone sellers, premium phone rate scratchcard companies, etc.)

[rogthepodge] 16/1/2018 16:10

keep shorting then ltcm1

good luck!

[ltcm1] 16/1/2018 15:43

Andy the reason is that people won't be able to pay the rent, especially in London, causing a wave of selling. Housing benefit won't cover sky high London rents. The whole market will crash if there is a major unemployment shock to the economy.

[rogthepodge] 16/1/2018 14:18

Andy16 Jan '18 - 14:00 - 4006 of 4007
0 0 0
BBM,


Correct, to do otherwise would give credence to his posts, which can be inaccurate at times, as per the recent example highlighted in post 4003 above.


huh?

[andy] 16/1/2018 14:08

itcm1,

Why would unemployement cause a surge in BTL forced sales? Surely if the TL is making a profit they would be OK? I don't follow that at all.


The interest relief is being reduced but not totally eliminated, and my guess is rents will probably rise to cover the loss suffered by the landlord.


My short is based on the PURP model, I don't like it personally, and the fact that the market cap is way too high, IMO.


There is nothing to stop competitors setting up, no barrier to entry at all, nothing is unique here, and Easy just raised the ante by changing their model to make it more attractive than PURP's, again IMO.


I am watching Foxtons, rising nicely at the moment but awaiting their next results, with interest.

[andy] 16/1/2018 14:00

BBM,


Correct, to do otherwise would give credence to his posts, which can be inaccurate at times, as per the recent example highlighted in post 4003 above.

[ltcm1] 16/1/2018 13:56

Andy it is impossible to predict how a falling housing market would affect Purplebricks or transactions. If unemployment suddenly shot up you could have a lot of forced sellers in the BTL market for example, the interest relief on mortgages is ending in 2020. Bear in mind transactions are at an all time low now so they may not go down from this level.

I think if you short Purp it should be company specific and not a bet on the housing market. If you want to bet on falling prices and transactions in London then Foxtons look the better option to me.

rog you read ElCap every day and often replied within a few minutes! If you are impling I am a sad loser then I am happy to own up to that.

Good luck with your long but I think it will be far better to journey than to arrive with this company. However shorters should have stops and none of us know the future.

[bbmsionlypostafter] 16/1/2018 13:28

And yet you continue to give this idiot the oxygen of a reply again & again.

[andy] 16/1/2018 13:16

rogthepodge16 Jan '18 - 13:04 - 3999 of 4001 0 0 0

I don't troll you Andy

tell us, so I don't have to scroll through all your posting history

but I know you have made huge losses, and now want to make some more

-------

I never said you did troll me.

You are making a statement, that I have made "huge losses", yet you do not have the information to justify the comment and back it up!

A perfect example of BB posts where people make statements not backed up by facts.