Purplebricks Share Discussion Threads

[ltcm1] 10/12/2018 15:53

Axel Springer bailing out would shake the price up a bit!

It has to be a serious proposition if they are to avoid losing a ton of money.

[henchard] 10/12/2018 15:28

Indeed Andy. Imagine if Woodford was willing to loan out stock so we could have proper price discovery here.

[andy] 10/12/2018 15:18

buywell,


They don;t need one, Woodford is their 'mate' already.


The market cap still looks enormous to me

[buywell3] 10/12/2018 15:10

I am starting to feel a bit sorry for PURP of late

New posters are now giving it a remorseless rogering

A contrarian tends to favor the underdog

Can PURP find a mate to help to change its fate ?

[andy] 10/12/2018 14:25

Rog,


I was replying to your previous post, on a discussion board, why is that "weird"?


Why would anyone come to a discussion board, enter into a discussion, and then criticise the poster that replies to them in a lucid manner in a genuine discussion?


I find that a bit weird, to be honest.

[rogthepodge] 10/12/2018 14:03

worry about your own investment

I seem to be of more interest! lol

weird

[andy] 10/12/2018 13:53

Rog,


The point of pain is not when new taxes are announced by the then chancellor, its when the pain is felt, a couple of years later after their implementation, that really counts.


Add in a falling property market.......

[ltcm1] 10/12/2018 13:46

Read this morning the founder of RoomShare is using his own service after getting divorced.

Will Rog be listing his own property in Jan after loseing it all on Purplebricks I wonder???!!! :)

[cowtrader] 10/12/2018 13:04

Dont waste your time trying to help Rog, he's a lost cause. He seems to be ok with losing money left right and center and I'd rather it be him having his investments erode to nothing than it be me! LOLOLOLOLOLOL SUB 150P INCOMING!!!!! MAYBE THIS FRIDAY WHEN RESULTS COME OUT LOLOLOLOL

[rogthepodge] 10/12/2018 11:08

Yes, landlords have been selling BTL properties for some time. The auctions are full of them. Tax changes and other regulations, were announced a couple of years back, or more.
Again, old news. And irrelevant anyway.
Housing turnover has been low volume for years, due to George Osborne. Government will need to cut stamp duty to get the market freed up.

[rackerrs1] 10/12/2018 10:14

many are amateurs but many more are not.

have had mine for over 20 years.
troll away.

[andy] 10/12/2018 10:07

RAckerss1,


Dispute away, many BTL landlords are amateurs that used the equity in their own home to buy another one on the basis that they would have two appreciating assets.


Nothing wrong in that of course, using leverage, but when prices start to fall you may see the other side as people start to sell because both assets are now going down in value.


Add in a myriad of other BTL problems such as bad tenants, maintenance costs, tax, void periods, and you can see why there might be a move out of BTL.

[stantini] 10/12/2018 09:22

Neil Woodford - Purple Bricks Grandee - maybe not so grand - and of course Carillion's ex head once removed Paul Pindar is now non-executive chairman of Purplebricks ...so a cosy collective of talent. How will Purplebricks share price after latest results … a third off maybe not but … I do not forsee a rise especially as WHICH are now shouting that 5,000 consumers - vendors/landlords/tenants have done their dough through Emoove/Tepilo/Online model pay upfront then we go into administration.

The Following from Motley Fool today Sunday

'Shares in Neil Woodford-backed construction firm Kier Group (LSE: KIE) were hammered on Friday, losing 33% of their value. The dramatic share price fall came after the group announced on Friday afternoon that it plans to raise £264m by way of a rights issue. To do this, it will create 64.5m new shares, and sell these to investors at a price of 409p each – approximately 46% below Thursday’s closing price.
Construction sector risks

The reason Kier has launched the emergency rescue rights issue is that it wants to pay down its debt pile and strengthen its balance sheet after lenders have become a little more cautious towards the construction sector due to Carillion’s recent collapse. Kier CEO Haydn Mursell explained:

“There has been a recent change in sentiment from the credit markets towards the UK construction sector, with various lenders indicating that they will be reducing their exposure to the sector. This has led to lower confidence among other stakeholders and an increased focus on balance sheet strength. The Rights Issue is intended to address these issues.'


Property sector to follow.

[ltcm1] 10/12/2018 09:11

I think '150p by Friday' might just happen this week.

[rackerrs1] 10/12/2018 09:11

i have a couple in the south - we have known this for a few years. any landlord that doesnt really shouldnt be a landlord, so i dispute your suspicions.

[andy] 10/12/2018 08:53

Bu

Rackerrs1,


I know a landorld that has just added to his portfolio and he has no understanding and disputed it when I told him.


I suspect he's not the only one in the country in that position, we shall see........


I think the new tax rules will combine with falling property prices to cause some BTLers to decide to take their profits and sell, and if I'm correct, that will only exacerbate the price falls.

[rackerrs1] 10/12/2018 08:48

'Andy' - landlords have known this for years - this is not news.
Rents will go up accordingly. Simples.

[andy] 10/12/2018 08:20

Buywell,


I think most landlords do not fully realise the implications of the new tax regime on BTL, that rental income goes onto their taxable income with no relief for interest paid.


I expect this to have a damaging effect on the BTL industry when it fully takes effect. Add in void periods, falling property values, and possible rent arrears and I expect the BTL market to be a major source of property coming onto the market in the years to come.

[rogthepodge] 09/12/2018 23:25

why are you quoting newspaper articles from 2016, buywell3?

smells of desperation

[rogthepodge] 09/12/2018 22:50

FFS! I need a subscription to S.P. like a hole in the head.

Is it time for a list of T.W. howlers?

[ltcm1] 09/12/2018 21:43

Anyone want to join me in an experiment???

Let's call it 'Educating Roger'.

We crowdfund Rog a subscription to Shareprophets on the basis he is to follow Tom's guidance for a year.

Come on guys it's Christmas we have an investor in need here!!!

[rogthepodge] 09/12/2018 14:41

SK. T.W. and successful is something of an oxymoron, to use one of his favourite words.