Purplebricks Share Discussion Threads

[cowtrader] 20/9/2018 11:42

I hope you sold out rog when we debated last week and the week before, if not you're getting absolutely destroyed here lololololololololololololololololol

[cowtrader] 20/9/2018 11:23

kpo another sour mug..... its not my fault your investment is going down the pan lolololololololololololol looks like you're the one whos got it' incredibly wrong' lolololololololollololololol

[rogthepodge] 20/9/2018 11:19

it's either going to 150, or to 500!

[kpo115] 20/9/2018 11:12

Wow it seems like our resident chav genius is certifiably mad!

He did get it incredibly wrong yesterday, didn't he?

[cowtrader] 20/9/2018 11:09

Thanks for the heads up chucko on these bozos, I have met many in my lifetime, to sum them up they seem like the type of person that when something in their life goes wrong they blame everyone else around them but themselves...... This behaviour was clearly evident from them lashing out at me yesterday. it wasn't my fault they lost money on this share lolololol. I enjoyed your post of yesterday evening by the way... In response to it, we don't know much about the Purplebricks Plus model yet except for the dribs and drabs which have been fed to us, and you are right, the low barrier of entry into estate agency will see many other online and high street agents mimicking what PB do should PB plus be successful. I don't know for definite whether interest rates will rise or not, but I do have a hunch they will rise further in the short to medium term. The current share price is purely built on hope... where are the earnings? where are the dividend payments?........................and boofay.... i agree they cannot sustain the growth.... and the saying 'what goes up, must come down' certainly applies here.......... buffets valuation of 100m is reasonably close to my 80m valuation which equates to 27p a share. not saying I am in the same league as buffet but I can take some pleasure in knowing my realistic valuation of 80m is more closely alligned with one of the popular investors of our time rather than the bunch of sour muppets on here who haven't got a clue lolololololololololol 150p on its way mugs lololololol and it will still be overvalued at that llololololollolol

[ltcm1] 20/9/2018 10:41

Talking of Neil Woodford, there does seem to be a common theme here in that Woodford backed startups have an enormous appetite for guzzling cash.

You have to wonder if Woodford has enough influence over management in his big holdings???

[boofay] 20/9/2018 10:38

If you stop trying to guess purplebricks going bust you might see it clearer.

They wont go bust , its just the valuation that is wrong.

They are a 'tech' company that will die if they stop advertising fake claims on t.v. = not very tech is it.

Most agents have a lettings backbone to pay the costs as well. In the last recession people just rented their houses out. Purplebricks have shown that the no service conn that is their business model cant keep a landlord happy for 5 minutes, nevermind a 6 month tenancy agreement.




PB share price is built on growth which they cant sustain... so on their present profit of £6million...

Buffet values this stock at MKT CAP = £ £100 million absolute tops (40 million of this is for showing effort and fake marketing skills never seen before.. . )

[chucko1] 20/9/2018 10:24

Cowtrader, Brummieloser (an apt name?) is one of many who look to frustrate reasoned debate on anything that appears to relate to Neil Woodford. My impression is that they share an inability to deal with the emotions of uncertainty, something that is difficult for all of us to some extent, but necessary to conquer in order to make sensible long term decisions!

I have tried to filter them all, but forgot one or two. Some of them are bright, but still have emotional problems which seem to trouble them. And some of them really do not know the time of day.

[cowtrader] 20/9/2018 09:50

Brummieloser - get yourself to specsavers. can't tell the difference between the words topvest and cowtrader. I don't care about short term 'noise' 150p is on its way lololololololololololololololol mug muppet !

[cowtrader] 20/9/2018 09:48

I didn't say housing market conditions were the reason for yesterdays fall.... but what I am saying is it will have a major effect on earnings and the share price when the economic storm makes landfall in the next 6-12 months.

and the 580 LPE's earnings will be a mixed bag, all depends on the individual LPE, there will be some good, and some not so good.

I'm fairly convinced the overseas ventures will have wiped out any profit the UK has made.... wheres dividend payments? ......... Oh wait.... that's right.... they haven't paid one yet lolololololololol

[brummieloser] 20/9/2018 09:45

"Cowtrader"

" this will NOT turn up from 210p."

Mooo!

[ltcm1] 20/9/2018 09:34

cowtrader I think the fall has nothing to do with the UK housing market prospects and is a loss of confidence following the news from Australia.

I do think there are questions about their model and execution of it in the UK. As others have noted, revenue and costs might not occur in the same accounting period. The costs of advertising and running this national call centre may mean net profit in the UK is going to be lower than people previously thought.

Do the 580 LPE's really earn enough to make a comparable wage to working at another agent??? Given they have to foot the costs PURP are passing onto them such as NI, running a car, are they really making enough to cover all this?

So maybe the UK is less profitible than previously thought, plus the foreign ventures have burnt a lot of cash with little to show for it.

[rogthepodge] 20/9/2018 09:32

Cowtrader

Another very recently minted alias

[cowtrader] 20/9/2018 09:26

Ohhhhhhh.... I get it... you guys think we are the same person lololololololol.......... well you are wrong lololololol................... we will see who is laughing in the next few days when you mug punters get tucked up like kippers lolololololololololololololololol TIMBERRRRRRRRRRRRRRRRRRRRRR 150p is coming lololololololololollololololololol

[andy] 20/9/2018 08:47

'Rog'


And QPP!, Globo, PURP, don't forget those as well!

[rogthepodge] 19/9/2018 23:15

ASOS Tom, ASOS

amongst many many others

[rogthepodge] 19/9/2018 23:14

TW you are shameless

but that is not news, I guess

[chucko1] 19/9/2018 21:42

Cowtrader, in addition, supposing the PURP model does in fact work and that the U.K. housing market peps up post-Brexit; my concern is that I see little to stop the traditional estate agents playing copycat. Even then, one might argue that the pie is large enough for PURP and these redesigned agencies, but will that provide a reasonable return considering the current market cap? Maybe at a rather lower price than even the spike 211p low of today.

If an investor buys lots of stocks like this at “hope” valuations, one or two may do OK, but the long term result will be very poor. I think even more so now that the overall price level of stocks reflects a lack of decent alternatives.

You say that interest rates are going higher. All I would say to that is that they might do, but that is merely another confounding risk. The yield curve is where it is and the efficient market hypothesis works pretty well in the interest rate space. Commentators have argued for years that interest rates were artificially low, but it’s possible, as in Japan, to have a very long period of low rates. And then economists see the demise of the Phillips curve, reconcile why that has come about, and then begin to realise that it was merely sleeping. So, another imponderable.

Given all that, nothing is certain, but don’t pay stupid prices!

[cowtrader] 19/9/2018 19:54

ok... firstly, 1tcm1 and brummieloser, have either of you considered going to Specsavers? It might be a good idea for the both of you to go together, considering the fact you both fail to distinguish the difference between the names of 'topvest' and 'cowtrader'................... Anyhow...... bluechiplet, in response to your post, there are some fair points you have made, I do not argue the fact that PB may be performing reasonably well in UK. However this is absolutely no substitution for the losses made in the US and Australia..... In recent months, as you pointed out, the UK arm of PB may be outperforming the average Estate Agent, but the inevitable UK economic storm which is fast approaching is a concoction of a no-deal brexit, falling london house prices (ripple effect will take effect throughout the rest of the country), rising interest rates, continued high street job losses, Help to buy loan repayments also recently kicking in and i'm sure there are many other factors which I haven't even touched on. When this economic 'storm' makes landfall, PB will be hit hard. Less of the general public will want to take financial risks such as taking out bigger mortgages when in a recession as generally across a number of sectors the risk and fears of redundancy will be heightened. I do believe the UK will eventually prosper and flourish from Brexit, just look at the economies of Norway and Switzerland as examples. There will however be a lot of short-to-medium term turbulence for nearly all business sectors to endure. You could have the best business plan and execution in the world, but if market conditions are against you it can mean the difference between a steady venture in calm waters to being out in rough seas without a paddle. For the record, I don't care about any daily or hourly share price 'noise'............... next downside target is circa 150p.... farm animal rating: strong sell

[andy] 19/9/2018 19:48

blue,


But PB are coming from a low base, online property is small compared to the High St.

[rogthepodge] 19/9/2018 18:55

Blue chiplet. At last some sensible analysis. Thank you.