Purplebricks Share Discussion Threads

[kreature] 31/5/2023 19:07

O/t…..If you were on the illuminati, wouldn’t you want to be best mates with any lawyers organising class action against you ? Purely nothing more than a thought, if that’s still allowed ?

[kreature] 31/5/2023 18:59

Presumably they Lecram signed an insider agreement to keep quiet, then took a look at the bank statements or something, then announced to the world that the finances were worse than expected ? TBF, makes perfect sense as always

[farrugia] 31/5/2023 18:58

what about the ex employees that are suing purplebricks for past earnings they say is due to them?

[kramreklaw] 31/5/2023 18:17

Not one of the great followers of the successes and failures of UK online estate agents over the last decade then?

[powereddrones] 31/5/2023 18:12

All they need to do is to come out and say "we are integrating A.I technology", which will slash the £40m burn to ZERO. The stock will be equal to rightmove or greater in 12 months.

[kreature] 31/5/2023 17:47

A number of factors?

Haven’t we just seen £40 odd million burn up over the last year or so? What makes you think the remaing cash will stop burning at £2m ?

[zen12] 31/5/2023 17:10

RNS extract...In particular, the cash in hand and at bank at Completion of up to GBP5.5 million is excluded from the terms of Proposed Sale and will be retained by the Company. The exact amount of cash retained will depend on trading in the period prior to the Proposed Sale and the cash retained will be used to pay existing excluded liabilities on or shortly after Completion and subsequently satisfy the excluded liabilities as they arise following the Proposed Sale with the excess (i.e. the Net Cash Proceeds) being returned to Shareholders.It is currently anticipated that the Net Cash Proceeds will be approximately GBP2 million. The exact amount however of the Net Cash Proceeds available to be returned to Shareholders in a members' voluntary liquidation will be dependent on a number of factors,

[zen12] 31/5/2023 17:03

Very naive to believe Lecram over the BoD who are running the company day to day. Games being played..watch and learn!

[williamcooper104] 31/5/2023 16:58

The argument will be that that £2m is needed for working capital There's next to nothing here left

[williamcooper104] 31/5/2023 16:57

You're not getting £2m after Strikes accountants have finished their work

[tabhair] 31/5/2023 16:48

"The reason leading to Lecram's decision not to proceed is, principally, that the financial condition of Purplebricks was found to be significantly worse than expected."

Significantly worse is telling language.

Suggests to me that the net cash position is either gone, or close to gone.

[31337 c0d3r] 31/5/2023 16:48

Zen, it's pretty obvious there's next to nothing left.


26/05/2023 3:49pm
UK Regulatory (RNS & others)

Lecram's proposal is in respect of a possible offer at a price of 0.5 pence per Purplebricks share in cash ...



5 days later, after gaining access to the books:


31/05/2023 3:15pm
UK Regulatory (RNS & others)

The reason leading to Lecram's decision not to proceed is, principally, that the financial condition of Purplebricks was found to be significantly worse than expected.

[kramreklaw] 31/5/2023 16:47

£2m, less costs. In case you're not keeping up, those costs will be circa... £2million. Now then, how's your maths?

[zen12] 31/5/2023 16:39

What nonsense you're posting...go and read Strike offer RNS. Shareholder return expected £2m which equates to around 0.65p.

[kramreklaw] 31/5/2023 16:34

There's not 0.65p on the table. Not even a ha'penny, not a bean.

[kreature] 31/5/2023 16:32

Nothing would surprise me with this rubbish

[zen12] 31/5/2023 16:12

Crazy drop...loading up at close. Silly PIs shafted what you thinking...already offer on the table for 0.65p and you're selling to MMs for 0.45p lol

[kreature] 31/5/2023 15:40

Don’t see why wad can’t buy it, and run it as a hobby ?

[kreature] 31/5/2023 15:39

0.43, oh very vell done bod, good effort
Not even a penny stock anymore

[kreature] 31/5/2023 15:37

Seems very fishy to me……R30;like it never did before of course

[kreature] 31/5/2023 15:34

All paving the way for Axel ?
Or we can try to believe that the stakeholders are happy to take the loss, lol

[kramreklaw] 31/5/2023 15:32

No, you do not get 0.65 back when this is sold up.

[kirk 6] 31/5/2023 15:17

A no lose game now anyway 0.65 when it gets broken up and sold

[kirk 6] 31/5/2023 15:17

I reckon that was a game play to get the stock down and a bid will come through another player this is a game