Purplebricks Share Discussion Threads

[lydnem] 01/6/2017 08:38

falling like a stone now. The curse of numb nuts strikes again!

[rogthepodge] 31/5/2017 23:04

but pediment, you said it was going to 315 via 350!

make yer mind up

[pediment] 31/5/2017 19:50

TN, you may well be right, 3,305,144 UT today at 410.75 and quite a few further trades at the same price. Shorting is always fun what with the opprobrium heaped upon you and the contempt of pretty much the entire investing community.

Deep pockets required. Gap closing may provide an out. Of course the auction prices show buying pressure but there may be a blow off top or large short CFD positions being crystallised within that trade.


Shares can stay irrationally high longer than you can stay solvent. Hey ho to that.

GLA

[twistednik] 31/5/2017 17:21

huge trades gone through at COB today @ 410p. Look at the chart - you have to be very confident shorting this one and betting against the large institutions who seem to now be taking a position.

If opening a short, you are effectively calling the top on Purp which is very brave. We've all heard the saying that shares can stay irrationally high longer than you can stay solvent.

Yes, it's overpriced but so are a lot of stocks (AO, Ocado, ASOS, Fevertree) and unless there's a large market shake out, they're going higher.

My advice is if you can't beat them, join them! Just get off the train before it crashes...

TN

[au24] 31/5/2017 10:18

It,s a Great share to make money from,been involved from 1.55p

[eclesby] 30/5/2017 20:54

This is the oddest bulletin board I have ever looked at. The negativity of which I have never seen before. It's the fourth time I have bought into this share.Having previously made 10 10 50k now circa 40k yet you all seem to be arguing?

[puzzler2] 30/5/2017 17:29

With you on that one, pediment - I also opened a small short today at 398.99.

[pediment] 30/5/2017 17:24

Short opened at 396.75 . This is going back to 350.00 and if it breaks that, 315.00

[rogthepodge] 29/5/2017 16:53

believe anything you like mate

[lydnem] 29/5/2017 15:50

Did you top up at around 4pm on Friday numb nuts? Looks like that will be the high now, and I know how you like buying at the top

[rogthepodge] 29/5/2017 15:16

I apologise for Lydnem

he is my sad stalker, and behaves as childishly as Mr Trump, I am afraid

[lydnem] 29/5/2017 14:53

rogthepodge aka numb nuts has never had a winning share but claims to be up on this one

He never gets anything right, and this albatross is still around. This is more of a warning that any chart pattern!

Buyer beware!

[runthejoules] 29/5/2017 12:21

Re: Bitcoin, I would only trade that via a spreadbet with a guaranteed stop and wish I had. Drops, when they occur, too violent.

[peterburn] 28/5/2017 21:20

Indeed Rogthepodge

Already launched in some states in Australia, and getting higher revenues per sale than in UK. Initial stages of the launch in USA are, i believe, already under way.

[rogthepodge] 28/5/2017 20:49

RMV and PURP are different business models. RMV is a portal for advertising all agents' (who pay)
properties. It is in the advertising industry.
PURP is a new-model agent. PURP's properties are advertised on Rightmove.
Comparison is pointless, apart from the fact that they will both prosper or suffer depending on how many houses are being traded in the UK market.
Australia and US might be coming relevant to PURP too, though.

[m4ybe] 28/5/2017 13:58

Hi Andy, I'm just looking at potential, not fundamentals as they currently are. I'm only in for as long as the market is becoming progressively more optimistic on this.

RMV was set up by a group of estate agencies, so I don't think they will be able to act against their clients' short term interests.

I'm definitely wanting to know any competition that might be doing similar to PURP. Known existing brands are a big part of people's decision making. That acts against PURP currently relative to the estate agencies but as it it grows will act in it's favour against new startups.

[andy] 28/5/2017 13:14

m4ybe,

If Purple start gaining traction at the expense of RMV, it makes you wonder how quickly the competition may respond?

Or could RMV offer BOTH traditional and fixed price services?

Just putting it out there for discussion.

[andy] 28/5/2017 13:13

m4ybe,

How do the financials compare RMV v PURP?

[m4ybe] 28/5/2017 12:25

RMV market cap 3.7x higher than PURP

[m4ybe] 28/5/2017 12:18

They are small, but the growth rate, so far, is phenominal (much more than doubling per year). Estate agents, as with just about everything, are going to be replaced by software, and RMV still uses standard estate agents, only PURP that I can see is maximum software. Are there any others?

[andy] 28/5/2017 11:22

twirl,

OK I will, 25% looks way too high!

I have only seen a handful of PB boards ever, maybe 2.5% may be more accurate?

Then in London they charge around £1,250 , and outside around £900, so say an average of £1,000 per customer.

What is the margin on that?

On what do you base a PE of 15?

[twirl] 28/5/2017 08:14

around 1.2m residential sales pa. Assuming this crew sell 25% then @£600 thats turnover of £180m pa. No idea what the costs are but say 20% making around £140m net profit and at a p/e of 15 a market cap of £2.1bn.

Please challenge this.

[andy] 26/5/2017 17:46

Panic,

Some good points there, I am going to go personally.

[panic investor] 26/5/2017 11:59

I also tried to use a german bank but the online process failed as I had a reflection on my passport. This was all at 800 dollars bitcoin a few weeks back.

I would have gambled it if I just had a personal account but I just can't afford the business accounts to be frozen!

I would advise to go and see them in person too, don't use the online help as half of them have never heard about it.

Imagine if it carried on rising and you trued to cash out, "where did you get that 500k from Sir ?"

The banks are doing their own thing called Ripple.

I have heard that Natwest are friendly but haven't tried them yet, again though people do things in small amounts like 200 quid - it's hardly worth it !

Apologies for taking up thread space.

[andy] 26/5/2017 11:52

panic,

Wow that sounds like a threat!

Why would they be against you putting money into crypto exchanges?

It does seem that funds and the Chinese are driving the price higher, not the ordinary man.

I was going to get a wallet because I wanted access to the crypto network, but I'm going to check with my bank after your warning, I wouldn't want the hassle either.

Thanks for the heads up.