Purplebricks Share Discussion Threads

[andy] 28/5/2020 08:57

This stock never ceases to amaze me.


The market cap is now £130 million, in a sector that will be under pressure.


If chains are breaking down, I wonder who will be more adept at solving the problems, the High St. agent, or the PURP "LPE"?


Answers on a postcard.......

[2toptrader] 28/5/2020 08:46

Maybe today ?! perhaps, maybe ?!only a matter of time.

[fund1] 27/5/2020 12:21

Break and hold above 46p and we will go to 60p a few sessions later. Proving difficult. It's already been and tested and held 31p that was the worrying one for me. But looking good now.

[daagolme2020] 27/5/2020 11:43

Massive Sells at 40p............once they are all soaked up we will rise to 50p

[kramreklaw] 27/5/2020 09:52

Yes, always fascinated by a balance sheet so strong that it can be talked down by my nonsense on the Internet.

[1giraffetrader] 27/5/2020 05:42

fund1 - I don’t have the power to talk the price down. The market doesn’t give two hoots about what is posted on these forums.

If you think the price action can be influenced by a few poxy online posts then you need to go and learn a bit more about markets.

In other news... An article recently published which shows the chilling reality of the uk housing market
..... I knew this uplift in housing market activity would be short lived.
Tell me again how you think someone is buying out PURP at a much higher price? Lol

[rogthepodge] 26/5/2020 22:47

clearly, just a kind stranger lol

[fund1] 26/5/2020 22:01

Someone seems desperate to talk the price down. Wonder if you can spot who. Then ask is it (A) Just a kind stranger or (B) An hidden agenda.

[rogthepodge] 26/5/2020 17:37

lots of investment has been made in the brand. Last man standing pretty much, so not much online competition. Axel is buying Ebay classifieds? It's a piece in a jigsaw, with a wealthy backer?
Friends sold through PURP, and had a great experience and saved tons of dosh.

[1giraffetrader] 26/5/2020 16:47

'It will be taken over for much higher price'.... would you be a bit more specific about this speculative claim? Huge amount of cash burn with this company and a huge turnover for only a miniscule profit

[fund1] 26/5/2020 16:25

It will be taken over for much higher price so don't worry yourself.

[1giraffetrader] 26/5/2020 12:43

Would anyone care to respond to my post on PURPs historic cash balances?

As mentioned before, the big boys aka axel springer don't always get stock picks right. £3.60 to 36p. Their initial investment lost 90% of its value. 125m to 12.5m. Tell me how this was a good pick for them?

[1giraffetrader] 22/5/2020 09:12

Interesting that there is zero response from the bulls regarding the shrinking cash balance over the last two years. All of those cash balances were taken from RNS's. It is not sustainable to burn that amount of cash.
The fundamentals dont lie

[kemche] 21/5/2020 09:27

My "share guru" ??? You know I only have one - arise Lord Nicolas of Names.

[1giraffetrader] 21/5/2020 09:23

Cash balances here to save you doing the donkey work

31/03/18 152.8m...
31/10/18 100m...
31/01/19 71m...
07/05/19 62m...
12/12/19 41.6m...
30/03/20 35m...
30/08/20 ???

I think it's actually funny you bulls think this is a winning stock pick. The figures dont lie lol

[1giraffetrader] 21/5/2020 09:15

The recession hasn't even got started yet in this country lol. I cant believe there's still people out their who think PURP are going to the moon.

The estate agency industry is going to get a lot worse before it gets better.

What happens when the 35m cash in the bank runs out? Down from 154m nearly 2 years ago.

[buywell3] 21/5/2020 08:02

Unemployment in the UKis set to hit 8% in a couple of months

When the COE stops paying furlough handouts , it could rise to around 15% to 20% depending upon the conditions he sets

Defaults on loans will start racking up bigtime

Property market to take a 16% hit in 2020 according to BOE

Add another 14% to that in 2021 says buywell

Home sales drying up

Supply set to rocket

[rogthepodge] 20/5/2020 23:25

I imagine that even your 'shares guru' TW could not talk the price down from 130 to 35p in the last couple of months

[kemche] 20/5/2020 19:03

"I thought it was Corvid 19"

Did it strike in 2018 and continued thereafter? Who knew!

[kramreklaw] 20/5/2020 18:06

Profit making. Thierry Henry smirking gif.

[rogthepodge] 20/5/2020 16:32

if you say so
I thought it was Corvid 19

[kemche] 20/5/2020 16:17

The price is obviously being brought down by TW. Only £106m mkt cap for a profit making, cashflow generating company.

I continue to average down.

[rogthepodge] 20/5/2020 15:35

pent up demand. Lots of people were waiting til the spring to sell, and now can do so. Also, if they are furloughed or working from home, maybe more time to look?

[2toptrader] 20/5/2020 15:02

Will be interesting how much of this will translate into business for PURP: