Purplebricks Share Discussion Threads

[ltcm1] 28/2/2018 12:54

Very interesting 2BN. When you say you have a grand invested, how does that breakdown in terms of office, wages, RM, car etc. Perhaps you are quoting an article though.

The Purp argument is they have no offices or staff or cars so their costs are extremely low.

However it looks like buck passing and tax evasion to me.

[buywell3] 28/2/2018 12:02

Average UK property Price has dropped 1.1% in one month Dec 2017 to Jan 2018

Property Market is now falling hard

Interest rates set to rise and go higher

[2bignuts] 27/2/2018 19:08

This article is absolutely spot on. PB cannot substitute the motivation of traditional agents. No sale no fee has been around forever, I've been a self employed estate agent for 28 years and in the business for 34 years. Every property we list costs a significant investment from traditional agents, I believe that we invest over a £1000 within the first two weeks of the property going onto the market. Our investment is 'at risk' unless we sell the property and complete the transaction. We do not 'tell' a vendor what they just want to hear, we prove to them what they need to know. This comes from experience in knowing our market. I would sooner lose the initial instruction to the unrealistic agent, only to be instructed 1-2 months later where the vendor is more realistic on price. As the market has certainly hardened, why would any vendor want to 'gamble' a grand when traditional agents take all the risk.

[andy] 27/2/2018 13:40

itcm1,

Yes it's unshortable, and with NW owning 28%, maybe not a surprise?

[badger60] 27/2/2018 07:45

If Woodford is forced to sell he could quite easily wipe £2 off the share price before he can dump the first 5mio shares.
Added to which, I really can't see how this share justifies a mkt cap of £1.1bn.

[ltcm1] 26/2/2018 21:31

Rog PFG results out tomorrow. Best stay close to your screen in case Woodford has to start the big Purp sell off to meet his fund redemptions.

The absence of debt will help them for now but the profits are as far away as ever.

I reckon what they will do is start borrowing and buying traditional agents, will take them forever to expand when they only have like 2% of the market.

[cc2014] 26/2/2018 11:20

Restricted availability of stock to borrow.

See situation on PFG. Everything that is out on loan has been shorted. no more left. Woodford the common link.


Quote "Although loaned stock quantities have fallen in recent weeks, nearly all of the shares available to hedge funds to bet against Provident have been borrowed."

[bobmonkeyhouse] 26/2/2018 11:20

You can short, just need a friendly broker. Only for 20 days though

[rogthepodge] 26/2/2018 10:39

Maybe the betting companies can't hedge their risk?

[rogthepodge] 26/2/2018 10:38

Maybe nobody wants to loan them their PURP stock?

[ltcm1] 26/2/2018 10:14

Well all the spreadbetting firms view Purp as a one way bet rog.

You can get better odds on City winning the league!!!

[rogthepodge] 26/2/2018 01:02

you guys are hilarious

you think one fund manager is omnipotent

Mr Market is boss

never forget that

[ltcm1] 25/2/2018 17:19

Woodford would be finished if the Purp share price returned to the correct level of 150. He can't afford to have a free market working here.

Andy we have to accept this share is unshortable.

[rogthepodge] 25/2/2018 13:35

You will need luck if you re-open your positions. How much have you lost so far?

[andy] 25/2/2018 09:14

Thanks,

I'll need it to reopen the position.

[rogthepodge] 25/2/2018 02:17

good luck!

[andy] 25/2/2018 00:46

rogthepodge24 Feb '18 - 21:21 - 4463 of 4463 0 0 0

I hope you find someone to take you on Andy



Rog,

So do I!

[rogthepodge] 24/2/2018 21:21

I hope you find someone to take you on Andy

a fool and his money............

how many times do you have to lose?

[andy] 24/2/2018 10:06

Rog,

I'm desperate, to re-open my short!


But IG aren't allowing shorts on PURP, I wonder why?


You can open a long trade, but not a short!

[rogthepodge] 24/2/2018 03:06

good luck with your short then, ltcm1

you are all sounding a lil desperado

[ltcm1] 22/2/2018 18:59

Rog this is your last chance to get out of this non profit making price gouger. Remember it is better to travel than to arrive.

As soon as the reality hits that Purp will never make any money the price will dive. Just Eat this is not!!!

[rogthepodge] 22/2/2018 00:19

you guy(s) stay in denial

good luck with your shorts, chaps

[bobmonkeyhouse] 21/2/2018 13:04

I saw the Emoov advert and now they offer a no sale no fee deal.

Purp are going to have to change their model, these companies advertise in the same places, no reason to go to purp atm

[celeritas] 21/2/2018 13:01

Run of the mill estate agents are reacting to purple. I had one through the door this week offering to sell for £695 +vat.
Purple is a good idea but estate agents have to react or go out of business. I now see them reacting with lower fees which really was the only driver of selling with Purple.
The question being is will Purple cut costs?

[andy] 21/2/2018 09:55

Rog,

Because that would completely change their business model!

Revenue would fall, especially if the property market gets 'sticky'!

The High St. guys would simple reduce their fees and PURP lose their advantage, and have no presense on the High St.!