Purplebricks Share Discussion Threads

[petethepict] 06/7/2018 00:45

The miniwinnies are breeding like rabbits. But we all knew that you don’t need brains to mate.

[henchard] 06/7/2018 00:43

trollwatch, if you're referring to me, I'm not Winnie. I'm simply pointing out some (worrying) numbers, which can be calculated - by anyone who has a mind to - from numbers stated by PURP/its housebrokers themselves. They suggest that revenue growth has stalled in the UK and that revenue growth in Oz and the US will be significantly lower than management had previously anticipated.

[henchard] 06/7/2018 00:08

Also of interest: PURP's revenue guidance today for FY to April 2019: "Group revenues for FY19 expected to be in the range of £165-185m."

What was the housebrokers' projection before this week's announcement of the DuProprio/ComFree acquisition? About £180m wasn't it?

We were told on Monday that in the year ended December 2017 DuProprio/ComFree reported "total revenues of CAN$45.6 million, approximately £26.2 million." Even assuming no revenue growth at DuProprio/ComFree and that the deal doesn't complete until end of August, PURP will enjoy the benefit of DuProprio/ComFree revenue for two-thirds of its FY 2019 i.e. £17.5m. Add that to the pre-deal-announcement broker forecasts of £180m and we get £197.5m, compared with PURP's mid-range guidance today of £175m. So it very much looks, does it not, like the deal is covering up a whopping £22.5m revenue shortfall on PURP's previous projection for fiscal 2019?

[henchard] 05/7/2018 23:51

solonic, are you implying the revenue numbers I have given are fake? Check for yourself; you'll find they're not. UK revenue did decline from £39.9m in H1 to £38.2m in H2. Really not what I expect to see from a "growth" company.

[andy] 05/7/2018 23:49

rogthepodge5 Jul '18 - 12:41 - 5069 of 5075 0 1 0


got to be worth the 360p Axel Springer paid

-------


Like Globo was after it folded just after the fund in Munich invested?


A fund buying is a good sign of course, but they are as infallible as the rest of us from time to time, so no slam dunks just because they bought in at a certain price, IMO.



Tom


PS

We are all Tom!

[henchard] 05/7/2018 23:25

Blimey, full-year UK revenues break down as H1 £39.9m followed by H2 £38.2m. This is some "growth" stock!

[rogthepodge] 05/7/2018 21:10

wouldn't want to be shorting these , personally

[rogthepodge] 05/7/2018 13:18

Amazon and Sky both sacrificed profits today for profits tomorrow, through heavy investment.

Didn't do either of them any harm!

[scantrader] 05/7/2018 13:07

The group losses quadrupled. Sales are vanity as they say, and even their consensus
figures are down for this coming year. It will be interesting to see the new consensus loss projections for this new year when they come out.

[rogthepodge] 05/7/2018 12:41

got to be worth the 360p Axel Springer paid

[rogthepodge] 05/7/2018 12:40

I think a doubling of revenue, rather underlines your bear argument

sorry your short isn't working out

maybe the borrow is difficult, as people want to hang onto the stock?

[scantrader] 05/7/2018 12:31

From above -"Today’s statement is a sales and (lack of) profits warning."

I think at least that statement is indisputable given the company's new sales guidance

[buywell3] 05/7/2018 12:28

PURP chart looking like a new channel low coming

UK Housing Market crash imminent IMO

Plus in other countries as world economy takes a hit

Will UK Hard Brexit get the blame ?

or

Will Mr Trump and his hard ball trade deals become the ace of spades

[topvest] 05/7/2018 11:08

This should be trading at about £1 in my view. Whether they will achieve global domination is very doubtful, particularly if some US company enters the market and is a better disruptor. I still have a feeling that its run by a very aggressive bunch and at some stage they will be investigated by the regulators. Of course, I might be overly prudent and wrong.

[chapchip] 05/7/2018 10:34

working in the industry as a mortgage broker, all I hear from buyers is that the process is frustrating as you can never get hold of anyone to speak to.

locally they seem to have dried up a bit too on listings

[ltcm1] 05/7/2018 10:20

Yes - when you price in stuff like a floorplan, quality photos and 10 viewings then the differential gets a good deal narrower.

Also the price difference reflects that the estate agent is motivated to sell your property, where as the Purplebricks agent will be out trying to get further listings all day long.

On the buy side there is a huge difference in an agent showing you a place rather than a viewer, who won't know many of the details.