Purplebricks Share Discussion Threads

[dennisbergkamp] 04/6/2020 09:10

7rademark,

Yup, standard london agency sell prices, so lots of scope to repay PB. When the values are that indfifferent (few hundred) then it makes the PB proposition difficult - although rental v sales fees are obviously massively different.

I had £1200 V £6K, or something to that effect.

D

[7rademark] 04/6/2020 09:10

Beeks, I like your honesty.Respect

[beeks of arabia] 04/6/2020 09:05

Excellent retrace so far from the lows.In such a bargain climate I cant help but think there will be corporate action here - cash needs to go somewhere and purp is a.disruptor of sorts.Lastminute.com is a perfect example of where you can make a lot of money at takeover. Unfortunately like many others I was short that day ;)

[fxprotrader] 04/6/2020 08:39

Numb nuts. Did you ever average down from your 300p entry price?

[7rademark] 04/6/2020 08:22

With those quotes it's difficult to then refund you pbs fee.I'd imagine the agents who are offering to refund the pb fee are the usual rip off merchant traditionals who will happily take 7k off of an old lady to sell her bungalow because she's going into care. Knowing full well their costs will be less than 500 quid

[7rademark] 04/6/2020 08:15

That's good but it really depends on your location, last time I looked pb was £849 to sell a property, the rental I mentioned I had three quotes from the traditionals, 1k 1.2k and 2.4k, they all knew that I'd had pb around first.

[lukehold] 04/6/2020 08:13

Why are there 2 purp threads moderated by ?Andy?, is he a control freak or trying to manipulate conversation?

[lukehold] 04/6/2020 08:13

Another good call by Andy and SP

[1giraffetrader] 04/6/2020 08:02

Question gone unanswered yet again. What new revenue streams are there be for PURP asides what is already in place? The fact the long term bulls say nothing actually speaks volumes

[dennisbergkamp] 03/6/2020 22:28

The point you made about using PB as a barter works, High street agencies said that they’d be happy to credit my PB fees against their own if they sold the property instead

So a win win I guess

D

[7rademark] 03/6/2020 21:34

I'm sure they do get it right, however I've tried to view two properties with them, first was sold 15 minutes before my appointment, I wasn't told so wasted a journey and who's to say I wouldn't have offered more, the second I wasn't able to get lease remaining details however hard I tried, all I'm saying is that as I buyer my interest wains in a property when I see the pb logoPersonally I can't stand traditional agents, so surely it can't be hard for pb to sort their issues and make a real stable business, I'm in at 41p.ive been watching since 500p.and now it's a proper punt with an excellent chance of returning value, if they can wake up.

[2toptrader] 03/6/2020 20:07

More buyers than sellers.... I think .

[skynet2000] 03/6/2020 18:42

Whats the reason for the sudden rise?

[dennisbergkamp] 03/6/2020 18:27

I also looked at how much they got as a "fee" from the conveyancer and that was almost half the fee being paid too. I'm sure there are other kick backs too.

Anyway, time will tell.

D

[dennisbergkamp] 03/6/2020 18:07

@7rademark,

Totally disagree with your thoughts on PB, they were incredibly professional to both myself and the buyer on my last sale.

That's why I've out my money in here.
D

[7rademark] 03/6/2020 17:54

Here's a useful tip for landlords, I recently placed a rental for sale with pb, paid £795 from memory, immediately took it off the market and placed it for rent, pb give you free fees for the first year and 7% pcm from the rent if its been up for sale with them previously. Then switched to a traditional agent who undercut pb by a set margin also with free fees, I intend to sell in 5 years so I can place it with pb in the future, if they are still around but I'll make back the £795 anyway in time.

[1giraffetrader] 03/6/2020 17:39

Those revenue fees alone are not going to set the world alight and turn this into a FAANG though. They are the revenue streams they are working with today, with the present and previous results which reflect that. Can they identify any new revenue streams?

[rogthepodge] 03/6/2020 17:16

you've just answered your own question

[1giraffetrader] 03/6/2020 17:00

To be fair rog, I can see your way of thinking in that respect. Amazon however have their fingers in many pies - what other potential revenue streams have PURP got to work with other than the obvious ones which are selling fees, letting fees, mortgage/solicitor/survey referrals and then the pocket change stuff like viewing packages and EPC's?

[rogthepodge] 03/6/2020 16:54

Uber might be like Amazon was. And to a degree, BSkyB. Years and years of investment, and then the goose laying golden eggs. Amazon's share price did nothing for many years due to re-investment. Then whoosh!
Purp has invested very heavily in building the brand, and most competitors have fallen by the wayside.

[1giraffetrader] 03/6/2020 16:44

fair enough beeks but bear in mind purp is no longer 'new'.... they have been around for over 5 years now. It is strange because I do believe in Uber and think it a great concept, and that it will come good, despite the fact they have reported nothing but huge losses year on year. But the sensible side of me is thinking for how many years are they going to keep trading before they turn a profit? I guess there are investors who have a bigger belief than what I do and with that continually pumping money into the company to keep the business going.

[1giraffetrader] 03/6/2020 16:40

Thanks ltcm1.
Almost all statistics and figures used in my recent posts are extracted from RNS's. Axel Springer could launch a takeover bid which could see the price rise in the short term - I just cant fathom why they bought into PURP in the first place when they are a digital publishing giant. What interest could they possible have in UK estate agency? I would disagree that they are interested in 'the tech'. It's just a basic website, no thing hugely different to any others. If you want some light reading, check out the emoov administration disaster of 2018. They claimed a '100m merger' with two other property companies in summer 2018, only for them to go into administration and the carcass to be sold off for a measly 300k. That was another company who was all about the 'prop tech'. 100m to 300k in less than 6 months... so much for the prop tech...

[beeks of arabia] 03/6/2020 16:30

Interesting. How do those metrics work on other new world companies - Uber, Tesla, Just eat, asos, etc, etc.

[ltcm1] 03/6/2020 16:20

It's fair to say that Purplebricks has been brilliant for the comsumer. But that does not translate into Purp being a profitable business for all the reasons 1giraffetrader listed.

I've been here since 500p and never seen anyone present a bull case based on projected profits, margin, dividends, ie the parameters investors use in the real world.

[1nf3rn0] 03/6/2020 15:26

Off topic, but as Staffline was mentioned, other stocks which have been real dogs over the last couple of years but like like they are on the turn areMPHMNZSSDRYand TED potentially in a few weeks after their 75p open offer completes.DYOR