Purplebricks Share Discussion Threads

[kreature] 22/11/2022 22:58

This is harsh at 10p……and feels like a willingness to keep my fellow great unwashed in the dark tbf

[kreature] 22/11/2022 22:29

10p ffs……230; is there something you lot aren’t telling me about PB future ? You all seem ominously quiet. If there’s any voodoo eyes wide shut type stuff going on, look I’m really sorry, no disrespect intended

[kreature] 22/11/2022 22:25

Last 7 day instructions down to 568 ( from 700 ish) but probably to be expected this time of year ? Not sure what that will do for full year instruction forecast? Maybe 30,000 to 34,000 after subtracting the relistings? Also, um, are PB counting the relistings in FY instruction numbers ? Just asking like

[kreature] 22/11/2022 21:25

So me and perhaps any other destitute paupers reading are left wondering whether Foxtons is a buy ? Or maybe not

[sleepy] 22/11/2022 14:02

Once upon a time! (Great detective work)

[hillofwad] 22/11/2022 12:44

Sleepy
Grafton?

[kreature] 22/11/2022 10:21

So at 10p, is PB going bust. Only if someone actively wants it to imo.

[kreature] 22/11/2022 01:23

So now what ?
I have an idea. The first ever UK self-service property platform open to everyone, agents and individual sellers. The more properties you list, the lower the fees per property to the platform. So everyone’s happy. Okay never mind, back to the misery of PB…….

[kreature] 21/11/2022 23:36

The news flow seems awful here, not even an update RNS ? I wonder if the ceo will force a smile in the next interview, if it’s not too much trouble ?

[kreature] 21/11/2022 22:32

Sorry but we need him here. Sorry about that. ATB

[sleepy] 21/11/2022 22:19

hillofwad - you may know me from the RLE thread. I would really like to talk to you about Foxtons (and it might well be to your advantage).

[kreature] 21/11/2022 19:37

I’m getting bored of ‘we are cheaper’ too. They should be pushing ease of use, which looks difficult compared to Agreed.co.uk imv

[kramreklaw] 21/11/2022 19:26

You have discovered the "race to the bottom". When your given USP is "we're cheaper", you challenge someone to beat you down further. Leading to a marketplace now where Strike are offering to do it for £0. Surprise, surprise, they are also losing £millions. As are Yopa, as are Purplebricks. Who's making money? Agents charging an appropriate, not subsidised by investors, fee.

[kreature] 21/11/2022 12:07

Hmmmm, Dilemma……;
Do I pay Purplebricks £1,600 to list my house on Rightmove…..
Or Do I pay Agreed.co.Uk £9.99 p/w, and just upload my own snaps indirectly to RM ?

[kreature] 21/11/2022 06:20

So that takes me to the other program Property Matters and Glenhawk interview….so I check the Glenhawk website to see what they offer. (Is there no escape?!) . I can see the maximum loan size, but what’s the minimum?

[kreature] 21/11/2022 05:46

I’ve been winding them up a bit tbf as I know they don’t like online like PB….
2125:


But he does say…..”I think self service will become a part of things, allowing them to input their own data”

[kreature] 20/11/2022 09:10

“As Simon Baker put it, portals need to decide if they are either a service to the industry or are the industry. In the same way Purplebricks needs to decide is it an agent or a sell by owner service.”

Why not both… or something new, rather than pigeon holes? Surely it’s game over for everyone if or probably when RM offer a self service platform for individual home sellers ? If people can manage to drive a car , then surely they can use a camera and a few online valuation and floor plan tools?
Anyone feeling uncomfortable could hire a government qualified seller agent/s (something new), in the same way that you hire a guy to do the EPC .

All traditional estate agent buildings can be turned into residential social housing from June 2023 at tea time. All employees can work from home and retrain as government seller/buyer agents.

[kreature] 20/11/2022 08:46

So I’m guessing maybe best to wait for any ‘bad news’ in H1 results, and possibly therefore a lower share price before buying? Or is there no hope at all? I’ll guess £31.5m left because one thing PB seem to be incredibly good at is spending money.

Perhaps the main reason buyers probably don’t bother with the PB website is cos you don’t see all the UK houses available. Seems a bit silly to exclude the vast majority of houses for sale imo. Could show them and just affiliate link elsewhere maybe? Or show them but just make a bigger deal of displaying the PB houses.

And I notice the PB careers website is very much out of date.

[hillofwad] 20/11/2022 07:39

These chat sites are often useful for an exchange of info and views Picking up an odd fact or rwo

Then on the other hand you get contributors like the bottom feeders like Bc4 who offer SFA to the party but just come in for a pop


Strike and Yopa are battling it out for 2nd place neck to neck in the onliners stakes but their momentum seems to have been halted and are slipping back from Bricks

Currently combined are listing about 65% of Bricks

They will be both knocking on investors doors for more money

What has been surprising recently though despite all the negative sentiment is that there hasn't been a rise of the no of deals in progress collapsing and coming back on the market .It's been no more than usual for Bricks c 10%

Still no news om H1 Domninique clearly working hard to get all the bad news skewered inro H1. Long doing his utmost to mitagate with his gimlet eye fixed on his own CV. Iam going to stick my neckj out and say that cash in the Tommy has dwindled to £32m

As ever DYOR

[kreature] 19/11/2022 19:10

To slow money rolling out the back door, perhaps there’s little choice but for PB to copy Agreed.co.Uk and become a ‘sell by owner service’. Ie, a completely self-service platform for individuals to sell their houses.

But that’s prob not enough because RM could open up services directly to individuals, as well as agents, open to all, and why not?

So somehow I think the only way forward is for PB to change to a completely self service platform, but open to everyone, including traditional agents, and to display all UK house for sale. If eBay can service both business and individuals for stuff, why can’t PB or RM do the same for houses?

[stantini] 19/11/2022 16:14

As Simon Baker put it, portals need to decide if they are either a service to the industry or are the industry. In the same way Purplebricks needs to decide is it an agent or a sell by owner service.

Its only saving grace is the cash up front model, when it lists, this keeps the cash rolling in, unfortunately it keeps rolling out the back door, and having only ever made a tiny profit one year (when it sold off its Canadian arm)there is no way a 10p/share concern can drag itself forward in a cooling market.

All onliners are just propped up by investors cash, Strike will indeed be out of cash again very soon, sure you can buy the market by offering a free service, but if it costs to provide that service and investors are mad enough to burn capital - well they deserve to lose all.

The more interesting pivot may be Rightmove, will the new CEO who starts in March 2023, change this digital billboard that replaced newspaper advertising, into something more in tune with the 2030 property market.

Purplebricks, like Doorsteps is already cooked - the model just does not work, it scoops up vendors who want to pay cheap fees, and sell property at a low price point, they think it worth the gamble. But with a class action likely, a CEO who has never run a real estate business, and a mutiny to quell, my biggest question is why would Harry Hill be interested in Purplebricks at this late stage ... I can think of worthier projects.

[kreature] 18/11/2022 10:39

What if RM decide that say PB does not fit the required description of an ‘estate agent’, then what?

Maybe what’s needed is a new world of individual qualified ‘buyer agents’, and ‘seller agents’ working from home. Plus RightMove. And that’s it. Any thoughts?

[kreature] 18/11/2022 10:03

So….I cant really see online agents surviving without the Zoopla or RM duopoly……;..so either PB includes a portal for all UK houses, or it becomes something innovative and different. But right now it’s under the thumb of Z and RM, isn’t it? That’s a really precarious situation imv ….Like I said before, if RM start offering seller services direct to individual home sellers, it’s game over for PB…..don’;t you think? Or if RM exclude PB for whatever reason, then what?