Purplebricks Share Discussion Threads

[diku] 06/6/2023 07:23

Post 607...of course shareholders will high and dry...

[zen12] 05/6/2023 11:47

You should take Lecrum statement with a punch of salt. Which company makes a stupid statement like that, when they want to walk away..sour grapes me thinks!

[tabhair] 05/6/2023 11:01

"Accordingly, as a result of these factors, the amount of the Net Cash Proceeds to be returned to
Shareholders could be more or less than is currently anticipated and, in the event that the gross
amount of cash retained at Completion is less than £5.5m or unanticipated liabilities arise which
cannot be recovered, it is possible that Shareholders would not receive the amount anticipated or any
return at all."

Two weeks after the company made the above statement, Lecram came out and said the position of the company was worse than expected.

Seems clear the incentive for management is to kitchen sink all the bad news now and get the cash balance below £5.5m so they don't have to pay anything out to shareholders.

[kreature] 05/6/2023 10:42

...roughly calculated at 0.65p per share?....but I wouldn't be surprised if it ends up closer to zero after watever has been paid. There's noting definite

[naked trader] 05/6/2023 08:00

"Purplebricks will retain up to a maximum of £5.5m of its cash reserves at deal completion and these net proceeds will be returned to Purplebricks shareholders following transaction costs."

Do we envisage more than a penny a share coming back? Could be possible if the sum is £3million plus, but up to £5.5 million could end up as diddly squat!

[kramreklaw] 04/6/2023 15:09

Doubling the amount Strike loses £money every year.

[diku] 04/6/2023 14:39

Wonder if the bidder that pulled out was playing in cahoot with Strike...in other words a free Go round pass for Strike to buy PURP...

[kreature] 04/6/2023 14:26

Perhaps they think like a lemming ?

[diku] 04/6/2023 13:42

What is the thought process behind Strike if still interested in buying PURP...

[kreature] 03/6/2023 17:28

Yep, is the aim listing 100% definitely doomed from June 15th ,,,,,or is there a chance of strike keeping the listing ? I dunno. Anyone know ?

[cn100] 03/6/2023 12:52

Is there any value in the stock left? With potentially a few million left in the kitty and potential tax losses that could be used could another company take the listing on and use this going forward? Could be value at 0.43p (£ 1.3m)

[kreature] 03/6/2023 10:47

So 15th June last day of trading here according to the old crew in charge right ?
But, do strike agree with that, given that they are now in the driving seat ?

[vauch] 03/6/2023 06:42

Have a punt on QBT. and get some of ya lost money back

[waugh7777] 03/6/2023 00:25

Blackhorse nobody buying that dud.

[kreature] 02/6/2023 21:38

I thought it was looking good here....no ?
Maybe not then

[waugh7777] 02/6/2023 21:23

You need to buy some PXEN. Soon be earning €14m revenues and only valued at 20m mcap.TR1 selling has given us a gift of an opportunity. Was 21p and is now 8p. It's a guaranteed 100% and 20p after a few weeks.Stop losing money here and buy Prospex.

[waugh7777] 02/6/2023 21:21

Doesn't look good here.

[kreature] 02/6/2023 17:51

Um, ………;what if the next episode is for strike to keep the AIM listing ? Why wouldn’t they, ….just do a placing to pay off a few liabilities like everyone else does ? Maybe that’s the plan ?

[kramreklaw] 02/6/2023 17:43

You've not followed the history of this less than honest Co. It will be £zip. £nada.

[blackhorse23] 02/6/2023 17:31

End of the road & shareholders will get nothing , bought HARL which is rewarding

[zen12] 02/6/2023 13:20

Do a little research lol...you not read about expected shareholder return of 0.65p!

[naked trader] 02/6/2023 11:48

Who is still buying? Will there be anything left for shareholders after cancellation on the 15th? Delighted to see them go as I never believed they could survive. Two very rich brothers who set this up with a gullible public that all thought Estate Agents charge too much!

[kreature] 02/6/2023 10:32

Hooray ....for one of those points above

[kreature] 02/6/2023 10:30

RNS

...

Completion of Business and Asset Sale to Strike Bidco Limited ("Strike")

Following the passing of resolutions at the GM, completion of the business and asset sale to Strike (further details of which were set out in the circular posted to shareholders on 17 May 2023 (the "Circular") will take place today. The net proceeds which are available for distribution to shareholders will be distributed in due course as further explained in the Circular.

AIM Cancellation

As a consequence of the above, admission of the Company's ordinary shares of 1 pence each ("Ordinary Shares") to trading on AIM will be cancelled (the "Cancellation").

The final day of trading on AIM of the Ordinary Shares will be 15 June 2023 and the Cancellation is expected to take place at 7:00 a.m. on 16 June 2023.

Change of Name

The Company's name will be changed to "Bricks Newco plc", the change is expected to be made effective prior to the Cancellation.

Board Resignation

As previously announced on 17 May 2023, Helena Marston has resigned from her role as CEO and a director of the Company with effect from today.



Further announcements will be made in due course.