Purplebricks Share Discussion Threads

[dennisbergkamp] 08/8/2020 17:11

Foxtons look awful. From my experience on the letting side, they truly are! Unethical and certainly looking to drop them as soon as I can get out of the contract.

D

[coscos] 08/8/2020 17:01

I know, everything is terrible, shares are worthless, director has more money than sense.

Minimum 66p close next week - probably more.

Have a nice weekend.

8-)

[hillofwad] 08/8/2020 16:21

Just stating a few salient facts I guess the fact that the lettings inventory which has fallen off a cliff has escaped your attention

Foxtons for example, their lettings inventory is more than their sales A significant revenue stream

There is nobody there driving the property business, if there was the share price would be rocketing

As for the Director purchase, sure good news but just take a look at his CV -the purchase is small potatoes

[coscos] 08/8/2020 13:40

More negative comments I see.

However the NED that just bought 500,000 shares (£285,000) obviously doesn't agree with you.

Think my money will follow him and not the doomsters on here who would love to see PURP fail.

DYOR

[andy] 08/8/2020 09:57

coscos,


That is based on APPROVED mortgages, so not exactly all encompassing of the UK housing market.


In my area prices are holding up reasonably well but sales are slow, according to a local AE.

[dennisbergkamp] 07/8/2020 13:45

What's definitely gone crazy is the auction world. Virtual auctions has brought in much more competition which I think has lifted sell prices by 20%! Well based on the last one I saw two weeks ago.

Rishi's law is helping here, no doubt

D

[coscos] 07/8/2020 13:27

Looks like it's booming to me:

[coscos] 07/8/2020 11:30

See you at 100p by Xmas.

[hillofwad] 07/8/2020 11:23

"So much nonsense talked on this thread! The housing market is booming and PurpleBricks are in a position to fully benefit."

Well you can't beat a sweeping statement

Firstly discussion on this thread is pretty reasonable .Think a little overstated to say the house market is booming but certainly so far that the lockdown has been picked up

Bricks yes likely to be picking up instructions but August has kicked off slowly noticeably down from last week

Having said that last week a pretty high yardstick

Happy to remain invested but sliced a few out at 56/57 today

[spacedust] 07/8/2020 10:36

And to add we have some 66m in the kitty. Do we not?

It wants to get to 80p. It will get to 80p this month.

[dennisbergkamp] 07/8/2020 10:34

Yes, hopefully this will put an end to the shorters chat on here... 500K should end that story.

I'm totally confident in my holding and will look to sell some at the £1 mark, not before...

D

[coscos] 07/8/2020 10:16

So much nonsense talked on this thread! The housing market is booming and PurpleBricks are in a position to fully benefit.
500k director buy (second director buy in a week) is all you need to know. Follow the money.

[spacedust] 07/8/2020 09:11

Wow 500k shares bought by director at 57.5p. No doubt he will double them at some point

[hillofwad] 06/8/2020 17:03

It looks like its going to be difficult to get back to FY19

That doesnt mean to say that new revenue streams arent there for the taking

My main concern is that the current team are going to be able to do anything beyond pedestrian

Most companies would die to have gone £60m liquid in todays market and undertake some bargain deals

[1giraffetrader] 06/8/2020 14:41

so as you say, instructions have hit a glass ceiling at the end of july, with no more additional incentive on offer for the local experts the volume of new instructions is now likely to fall away again.

[hillofwad] 06/8/2020 07:07

Noticeable that at the end of the month there is always a mad dash by the LPEs to get properties listed so I guess there must be some sort of of personal incentive involved

It sounds very much they are going to introduce a "tariff system" in a bid to attractmore punters in the £500k -£1m range.Certainly scope for them to increase fees in London Boroughs where they seem to be falling short



They have made great inroads in Scotland .Sponsoring the Scottish rugby team looks as if it was a good move

My preference would be for them to bring in conveyancing in house especially as"referral fees" look as if they are going to be clamped on

Disappointed in Vic . Not someone who is going to kick Bricks forward

[1giraffetrader] 05/8/2020 22:32

I wouldn’t say always, your comment confirms my statement if anything that they were financially incentivised in the month of July. Guess who’s paying for it though lol, it’s coming out the PURP pot.

Not sure if you noticed in the results RNS that if there was no covid, they were going to pilot a fee of less upfront, more back end fee but put it on hold.
If they end up doing this, it would be a positive move for them as it will diffuse the ‘pay upfront and don’t care’ stigma for some customers

[hillofwad] 05/8/2020 13:11

They always incentivise the LPES to get some in . Thats why on the 31st July there was a huge surge

[1giraffetrader] 05/8/2020 12:24

what if I told you.... julys instructions were bought in. I know some local experts and extra financial incentive was given them to put properties up for sale in July

[hillofwad] 05/8/2020 10:05

The problem Bricks have is that instruction levels are unlikely to increase ahead of FY19

So the only way to kick in a profit of £10m is to reduce costs and or increase fees
which is likely to receive some resistance outside London

This investment in Homeday Germany who have less than a 1,000 instructions is another concern.Rinse and repeat of overseas disaters

Sounds very much this lightweight set of BODS is dancing to Axel's tune

[coscos] 05/8/2020 08:25

As long as interest rates remain at 0% the housing market will remain strong - history proves this. And don't forget the cost of raw materials is rising - another factor that will push house prices up. After sorting their mess out, PURP are now perfectly positioned to benefit. DYOR.

[dennisbergkamp] 05/8/2020 00:10

For me, I'm not selling a thing and will buy if it drops back to the mid 40's

D