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PURP Purplebricks Group Plc

0.31
0.00 (0.00%)
10 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Purplebricks Group Plc LSE:PURP London Ordinary Share GB00BYV2MV74 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.31 0.28 0.34 - 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Purplebricks Share Discussion Threads

Showing 5076 to 5094 of 14200 messages
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DateSubjectAuthorDiscuss
26/3/2018
15:42
The share price chart tells the only part of this sorry story that one needs to know - that the company was horribly overvalued and is now correcting back to reality. There have been enough comments on this thread over many months predicting this inevitable outcome - it shouldn't now come as a surprise.

The only surprise is that they've managed to find someone to invest £120M and comments on this thread automaticaly assume that someone stumping up this amount of cash knows what they're doing. Perhaps Woodford can answer that one.

puzzler2
26/3/2018
15:42
FT-

Aim-listed Purplebricks slipped on news that Axel Springer plans to buy an 11.5 per cent stake in the branchless estate agent, via a £100m share issue along with management disposals. The news came with a warning from Purplebricks that “some UK underlying softness and adverse weather in late February and early March has resulted in group revenues for the year being expected to be approximately 5 per cent below company consensus”.

UBS repeated “sell” advice on Purplebricks, saying: “The recent weak UK performance is a concern given this market represents the most mature region for Purplebricks, and we believe provides question marks around the aggressive expansion Purplebricks are currently pursing.”



Seems to me, if you take a position here, you're either an outright gambler or an insider.

jonwig
26/3/2018
15:31
its falling because shorters have been trying to bring this down, so any news other than a blow up in revenue will bring it down. Its normal and a good opportunity to buy when its finished.
cryptotrade
26/3/2018
15:30
Itcm1

It stinks.

Do you think its not proven? I guess that depends on the definition of what is proven? What is it?

Model

They have clients, they have a business. I like it and with time it will grow.
It offers an officeless business with a local personal touch. Simple as that.
Its like rightmove, so model is proven, but with remote agents working from home. Nothing wrong in that. The model is simple, customer sells a home cheaper.

cryptotrade
26/3/2018
15:29
Why is this tanking today? RNS didn't seem to bad
barvin
26/3/2018
15:25
Lol - it must have been that kebab.

Crypto it would be a lot more convincing if they were having success in the States. Besides, the model is not even proven here!

ltcm1
26/3/2018
15:06
I look at it like this.

If you want a company which makes a profit, go and find a boring company. Paypoint will do that, with limited share price growth.

If you want to create growth, you need to invest. That comes at a cost to profit. Simple.

Purple are investing and their investor is a good partner in the same sector. That's a good thing. The US market is big, they need money, so they'll have to spend.

I think its a good thing.

cryptotrade
26/3/2018
13:17
I wasn't joking! Selling kebabs online would be a better option and less cash consuming than their current business!

Why would their agents need 10 days of training? Wtf can they talk about for 10 days!

bobmonkeyhouse
26/3/2018
13:11
They're buying a kebab shop in peckam
bobmonkeyhouse
26/3/2018
13:09
£60m allocated to 'other initiatives' & 'to expand Purplebricks service offering'.

I wonder what this is alluding to? Some form of diversification? In house conveyancing and other legal services maybe?

5chipper
26/3/2018
13:06
I don't know axel springer but I can assume that money and more will be coming back to them under the agreement from their digital publishing.
It's not a money making share transaction thats for sure

bobmonkeyhouse
26/3/2018
12:55
Hope it wasn't me

Property bubbles now being popped worldwide

Wnder if PURP might open an office or three in New Zealand ... nice country that

buywell3
26/3/2018
12:45
And out of that long trade for a small loss. Price is very weak indeed.
hpcg
26/3/2018
12:35
You would think they would either ensure some thing goes wrong with the Deal or do a nickname numb nuts and keep buying to average down
bobmonkeyhouse
26/3/2018
12:31
No ltcm1... what has happened is that PURP have set up in the USA JUST at the end of a house bubble market ... which now looks set to get popped in 2018

Interest rates in the USA are set to rise for the next 3 years circa 2 or 3 times a year like the UK

Faster if the trade wars start


New US Tax Law Impacts Home Sales Activity -- More Than You Might Think

"I spoke to one of our preferred lenders today about the impact the current tax bill might have on lending and home prices when it becomes law," says Jeremiah Wiggins, a licensed real estate salesperson at Bohemia Realty Group, in New York, N.Y. "He said it likely won't affect lending, but it will affect prices according to appraisers." Wiggins estimates up to a 10% drop in most U.S. markets for properties going for more than $500,000, and up to a 15% drop in high-value markets like New York, San Francisco, and Seattle. "By taking away the mortgage interest deduction, a major incentive for buying a home would no longer be part of the tax code," notes.


Todays RNS

Use of proceeds

Purplebricks intends that the net proceeds from the Subscription of approximately GBP100 million will augment the Company's existing cash resources of GBP51.7 million (as at 28 February 2018) and allow it to accelerate its strategic plans as follows:

- An accelerated rollout in the US
- Entry into new geographic markets
- Fund technological innovation and expansion of Purplebricks' service offering
The Company intends to allocate approximately GBP50 million of the Subscription proceeds to the US rollout with the balance to be allocated to the other initiatives as appropriate.


Makes you think the new PURP money believes the USA bubble will carry on




Will PURP open up in Canada next ?




How about Australia PURP venture ... can't see a mention of it today ? apart from

''Purplebricks has disrupted the real estate markets in the UK and Australia and has started its journey in the US. ''

Disrupted sounds about right IMO prices are down in the UK over 5% in last 6 months and dropping in Australia around parts of Sydney by 30% yes Thirty per cent ...as well.

The Australia property market bubble has BURST ... as of NOW




Perhaps that is why now roll out of PURP in Australia gets talked about.

buywell3
26/3/2018
12:26
New PURP board in my area this morning!


That's two I am aware of now.

andy
26/3/2018
11:55
So are we to conclude their foreign ventures have been a disaster and Purp have burned all their cash???
ltcm1
26/3/2018
11:45
I've gone (tactically) long off the back of that, after the price has started to rebound. Price will tend to gravitate towards that of the placing. Easy notional stop loss at the existing low if the profit warning dominates. Losing a couple of the old directors won't do any harm.
hpcg
26/3/2018
11:36
Is it their money or other investors ?

I can see now why the after hours trades last week tried to keep this north of 310p

UK property market slide now confirmed

BIG priced houses now coming on the market website of rightmove at REDUCED prices

They don't want to drop 30% plus of £1M

Trouble is not many mug buyers of £1M plus properties around who now don't realise prices are dropping like a brick

buywell3
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