Purplebricks Share Discussion Threads

[bobmonkeyhouse] 26/3/2018 11:29

I| really do not understand why Axel Springer would do this at what is now a massive premium to the share price It makes no sense

[zho] 26/3/2018 11:24

Discussed at

[phowdo] 26/3/2018 11:23

Directors must be mighty relieved to have offloaded to an institutional mug punter at a premium whilst simultaneously releasing that profit warning...

[ltcm1] 26/3/2018 11:22

Why are they needing £100m??? I thought the whole spiel was they were generating growth from strong cash flow and even a little profit.

Looks like they needed some underpinning!!!

[dangersimpson2] 26/3/2018 11:15

Market has always ignored the losses in the past though and focused on the spin & Axel Springer have bought it...literally!

[bobmonkeyhouse] 26/3/2018 11:13

Strange deal to raise the money. Stranger reaction.

Numb nuts have you sold yet?

[cc2014] 26/3/2018 11:12

Market doesn't like it. Director selling never a good sign and 5% miss on revenue figure not helpful.

[phowdo] 26/3/2018 11:06

That UK trading update is minging.

"
As a consequence of these factors in the UK market, it is expected that for the year ended 30 April 2018 the Company will report group revenues around 5 per cent behind Company compiled consensus of £98 million with the consequential impact on the operating profit line reflecting the operational gearing in the Company's business model.
"

[dangersimpson2] 26/3/2018 11:01

They've also convinced Alex Springer to buy directors shares at £3.60 too despite the profit warning hidden in the announcement.

They may be bad at selling houses but their salemanship for shares is outstanding!

[dangersimpson2] 26/3/2018 10:53

Delayed notification on advfn but looks like new investor putting £100m in at £3.60.

Quite how they managed to get them to pay that price I don't know but surprised this hasn't reacted positively.

Long term I still think this is a zero but £100m will keep them going for a couple of years of director salaries & lawyers letters so I've closed my short.

[ltcm1] 26/3/2018 10:40

Looks like it could be "Roger and out" if this freefall continues.

Rog I suggest you exchange today!!!

[bulltradept] 26/3/2018 10:35

Technically we have support around £2.50 ish. £2.80 needs to hold.

[buywell3] 24/3/2018 15:07

True enough the UK Government are complicit in the overblown state of UK property prices


Recent research using Zoopla has confirmed my thoughts re the crrent slide in house prices


In the last 6 months many areas have seen a 5.5% drop or bigger


IR currently at 0.5% looks set to 2.5% plus within 3 years as of now.

A trade war could move this to 3% plus

Many existing borrowers are now struggling with debt problems

Factor in a 2.5% plus rise in their mortgage costs ... and UK Govmt largely owned banks RBS and LLOY are going to be left holding a load of Repo's once again, as are all other big banks.


IMO in 3 years time there will be some decent buys to be had at property auctions once more.

For now sales % success rates at property auctions and prices obtained are going to slide further... house prices to 35% to perhaps 40% down on what they are today

Which roughly should put them back to what they were around 2009

Can't see estate agents doing well in such a falling market

dyor

[rackers1] 24/3/2018 14:45

I really really get to u don't I loved up pig filth. Otherwise why chase me around the boards all day every dayI prefer my women with a bit more cash than zero. Rules u out don't it filth.

[rackers1] 24/3/2018 11:01

Have u sold yet pig filth?Oh forgot u can?t coz the filth is delisted lol

[ltcm1] 23/3/2018 20:50

Guys UK property has always fallen in the period following a decline in the £ against the $.

However help to buy has totally distorted the market so the effect may be delayed this time. I wonder how many people realise the govt has made a massive gamble on the housing market to the tune of £50BN.

[bobmonkeyhouse] 23/3/2018 19:07

Numb nuts rackers is gagging for a man. Can't you two hook up. ??

[rackers1] 23/3/2018 18:04

Have u sold yet pig filth?Oh forgot u can't coz the filth is delisted lol

[buywell3] 23/3/2018 17:51

Nope ... rates are going to go higher still ... do your research

300p fun and games again today I see

[bobmonkeyhouse] 23/3/2018 17:39

Numb nuts! Have u sold yet?

[rogthepodge] 23/3/2018 11:31

Buywell3
Not sure I agree with your logic.
Trade war might mean rates have to stay lower for longer?

[buywell3] 23/3/2018 06:22

A massive number of buy orders at 16.30 through to 16.35 in PURP at 315p

Followed by this last trade reported at 18.39

Latest trades
Time ......Price .Volume...... Value
18:39:03.. 3.15 ..1,003 ........ £32

Some perps are trying to keep PURP from going below 300p

However

We now have a Global Trade War starting up

This will mean increased prices of a variety of goods for consumers due to tax hikes, in most countries

Brexit and Mr Trump might save Great Britain from the worst effects.


However rates are going UP and a Trade war will mean they will now go UP more than before ... which was going to be bad anyway for the property markets.

Hence falling property prices that we are now seeing are going to be exacerbated as rates get hiked yet even higher.

[rogthepodge] 22/3/2018 23:32

good luck with your short ltcm1

[ltcm1] 22/3/2018 22:40

Rog the Dow has cracked mate, Woodford a forced seller soon.

It's time you put your own for sale board up rog.

Roger and out!!!!!