Purplebricks Share Price (PURP)

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Share Name Share Symbol Market Type Share ISIN Share Description
Purplebricks Group Plc LSE:PURP London Ordinary Share GB00BYV2MV74 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.50 0.72% 69.50 53,425 09:06:02
Bid Price Offer Price High Price Low Price Open Price
68.90 69.90 71.30 68.60 69.80
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate 111.10 -13.20 -6.00 211
Last Trade Time Trade Type Trade Size Trade Price Currency
09:05:58 O 237 68.822 GBX
Related Shares
Countryside Properties (CSP), Crest Nicholson (CRST), Countrywide (CWD), Hunters Property (HUNT)

Purplebricks (PURP) Latest News

Purplebricks News

Date Time Source Headline
02/11/202013:48ALNCPurplebricks Adjusted Earnings On Track To Beat Annual Consensus
02/11/202007:00UKREGPurplebricks Group PLC Half year trading update and notice of results
30/9/202009:23UKREGPurplebricks Group PLC Results of Annual General Meeting
25/9/202007:30ALNCPurplebricks Appoints IRIS Software CEO Elona Mortimer-Zhika To Board
25/9/202006:00UKREGPurplebricks Group PLC Board Appointment
04/9/202014:00UKREGPurplebricks Group PLC Notice of AGM
20/8/202008:46UKREGPurplebricks Group PLC Notification of Major Holdings
17/8/202006:00UKREGPurplebricks Group PLC Director/PDMR Shareholding
14/8/202014:03ALNCTAKING AIM: UBS Forecasts Increased Market Share For Purplebricks
07/8/202014:26ALNCUK DIRECTOR DEALINGS SUMMARY: Downing Buys 500,000 Purplebricks Shares
More Purplebricks News
Purplebricks Investors    Purplebricks Takeover Rumours

Purplebricks (PURP) Discussions and Chat

Purplebricks Forums and Chat

Date Time Title Posts
05/11/202013:46Purplebricks discussion thread / moderated1,880
10/9/202005:08Purplebricks Group (PURP) Huge demand for houses in the UK says Analyst18
02/6/202008:00Purplebricks changing the experience of property transacting9,784
10/6/201720:37Sales of Ј5m in 5 months, market cap Ј240m Prrrpppppppp smelly zeus float468

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Purplebricks (PURP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
09:06:0068.82237163.11O
09:05:5169.901510.49O
09:05:5168.70380261.06O
09:04:1569.59405281.83O
08:59:4869.5010.70AT
View all Purplebricks trades in real-time

Purplebricks (PURP) Top Chat Posts

DateSubject
27/11/2020
08:20		Purplebricks Daily Update: Purplebricks Group Plc is listed in the Real Estate sector of the London Stock Exchange with ticker PURP. The last closing price for Purplebricks was 69p.
Purplebricks Group Plc has a 4 week average price of 54p and a 12 week average price of 51.90p.
The 1 year high share price is 134.80p while the 1 year low share price is currently 22.05p.
There are currently 303,838,246 shares in issue and the average daily traded volume is 792,450 shares. The market capitalisation of Purplebricks Group Plc is £212,079,095.71.
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04/11/2020
10:34		1giraffetrader: Well, it looks like the founders of Purplebricks have stolen a march on PURPs ideas with their new website called Boomin. Check this article from 12 Feb 2020 htTps://www.thedrum.com/news/2020/02/12/purplebricks-ceo-using-less-commisery-and-more-data-boost-its-brand-creds To quote CEO, Vic Darvey; “Our main mission is to help families save money when they move home,” he continues, saying the next step is then to offer them recommendations on broadband and energy suppliers. “That could even extend to the connected home in five years’ time, to the point where you’re sitting at home one day and there’s a panel with a Purplebricks logo on it, controlling all of your bills. We’re not saying we’re going to do that, but we have the credibility to get there.” There is speculation that Boomin is going to be doing similar things to this, offering utilities and other referrals to home-related services. What will that do to PURPs idea in the link above? To be honest, I think both Boomin and PURP are trying to over-complicate things. What if I told you that what a seller wants from an estate agent is to sell a property for them by getting the best value within the best timescale.
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02/10/2020
11:04		napoleon 14th: Here is some news, alledgedly originating from Tom Winifroth - believe as you will... Thanks to robbo, from a.n. other site which I rate as the best! "robbo35 10:33 CR, PURP article An industry source says that Purplebricks (PURP) has lost but is appealing an employment tribunal from one of its former Local Property Experts (LPEs) the implication of which is a tax bill that could wipe out the majority of its, already rapidly dwindling, cash balance. My source suggests that Purplebricks has faced a number of cases in employment tribunals in recent years from LPEs but until the current case has bought off claimants with settlements of up to £30,000. However, the current claimant is understood to have refused an offer and went to a tribunal and won. I understand that Purplebricks is now appealing that decision. Why this matters is that Purplebricks has stated that LPEs are not employees but individual franchises and thus has not paid for any of the rotating cast of c600 LPEs any employers National Insurance or deducted employees NI nor has it made any mandatory offers of basic pension provision. If Purplebricks loses the appeal, HMRC would thus be able to cite this as a precedent and stiff the company with a bill for unpaid NI which would almost certainly total £20-30 million, plus interest and penalties. In other words it would lay claim on well over half of the cash position of the company. Given that Purplebricks is losing money, that would be disastrous and if there is a “going forward” it would have huge implications for the cost base of the business, increasing its cash burn. The two questions regulators or investors should now be asking of Purplebricks are: a) How many employment tribunal cases from LPEs have you settled out of court, insisting on NDAs, rather than go to a tribunal? b) Can it confirm that it has now lost a case and that it is appealing and if so for when is the appeal scheduled? Suffice to say, shares in Purplebricks are, at 74p, valuing the business at £219 million, remain a stonking sell. Never miss a story." This is only AFAIK, so NAI & DYOR.
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07/9/2020
08:47		coscos: From Belvoir results today: 'Since our sector was 'unlocked' in May, both property sales and financial services activities have been at record-breaking levels for the Group in terms of instructions, sales agreed and written mortgages. These are expected to convert to sales fees and banked mortgage income during the remainder of the year.' Property sales are still booming with no let up in sight as yet. This should translate nicely for PURP when next update is issued. Another share price re-rating is due very soon. 120p next stop on road to recovery.
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14/8/2020
10:57		hillofwad: Coscos Read the posts and look past the share price . Frustrated ,yes but bitter far from it the rise in the share price Having bought a number at 35p I couldnt be more happier in the way the share price has risen £66m in the hole as well . Marvellous but frustrating that a half decent set of BODS would make this fly However which bit about current sales inventory being well below FY 19 and before COVID trending downwards are you happy with? Which bit about a lettings division which is failing and they are doing SFA about it
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14/8/2020
07:25		coscos: hillofwadYour analysis is looking more and more like 'yesterday's news'.PURP are turning their business around and for some reason you don't like it. Personally I believe for a disruptor stock the shares are very cheap. Could well see multiples of the current share price over next 2-3 years, especially as interest rates won't be rising anytime soon.
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14/8/2020
06:45		coscos: UBS think PURP is heading towards a 8% market share. If they can do this, then expect to see a strong recovery in the share price, upwards of 100p. That's if they aren't bought out before then....
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13/8/2020
23:18		coscos: Purplebricks should enjoy purplest patch if UK housing market is recovering, says UBS2020-08-13 11:39:00A UK property recovery seems to be underway, analysts at the Swiss bank said    Purplebricks Group PLC (LON:PURP) shares have been upgraded by UBS on expectations of a UK property market recovery.The Swiss bank, which significantly cut expectations for the low-cost digital estate agent's performance earlier in the early weeks of the UK coronavirus lockdown, said recent industry data suggests that the housing market is making a strong recovery.WATCH: Purplebricks CEO focused on building share in UK through better customer experiencePurplebricks "should benefit given its transaction-based nature", which means its earnings are highly levered to a UK market recovery.As a result, UBS now expect £83mln of revenue in the 2021 financial year, 10% ahead of the current consensus forecast.Further potential upside exists, the bank's analysts said, if the 25% instructions growth seen in July sustains till the end of the year, calculating that a 10% change in instructions would increase underlying profit by £4mln or 38% for the next financial year."Purplebricks' national online model means it doesn't incur branch and admin costs of an equivalent sized network," the analysts said."We estimate in the long term this gives them a 20% cost advantage versus traditional agents, which means they can charge significantly less to consumers while offering a similar service."As a result, they expect Purplebricks to start gaining market share again in a stable UK market to reach 8% in the long term, versus 7% previously and 5% now.Other positives for the company included Purplebricks net cash of £66mln with "good access to liquidity" post the sale of its Canadian business, plus expected benefits in future from innovation in technology, marketing and new pricing models with a focus on driving growth.UBS upgraded Purplebricks to a 'buy' recommendation and lift its price target to 100p, versus a share price that closed at 66.6p overnight.
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09/8/2020
22:00		coscos: Follow the money, everything else is just noise.500,000 share NED buy is a massive vote of confidence in PURP's future. Who knows, there may be even more buys announced over next few days. The doomsters on this thread have vested interests to see PURP fail. However the fact is PURP will be picking up greater market share over the next few months and with a revised pricing strategy investors are starting to realise that PURP can potentially make a profit. I see the stock as undervalued and heading back to 100p sooner than later. DYOR.
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11/7/2020
09:40		stantini: What do you mean at least they have not borrowed the cash - hillofwad? Countrywide for example are selling off the silver again and going cap in hand to their banks saying here take 35M from selling off our commercial arm, banks say thanks here is 96M of revolving credit for three years, make sure you burn through it in 36 months and we will fleece again then (how much bank commission in that little pile?). So yes they are borrowing cash on the never never, but Connells/Sequence 54M profit so the Skipton are not borrowing cash from anyone. And as 'traditional' agents either make profit or cease trading, I think that out of the 17,000 plus agents out there a huge majority - pre-covid made profit - year on year - on year. The online brigade only live off ... borrowed money, Purplebricks, got 45M from AIM all burnt through, Axel Springer bought in at 322p a share to the tune of £125M initially all that cash has been burnt through, Axel then bought more shares, and of course let us not even start on the Woodford debacle and the amount of Purplebricks by default investors who have lost millions. Sorry - what is this nonsense about 'operational profit' have you looked at the annual accounts of Purplebricks? Profit does not usually start with figures with brackets around them, this usually means a negative. Where Purplebricks is at this time is here, they started as a cheap cheap model, now their cost base has risen, so gap between them and other agents has narrowed. A huge volume of LPE's have left, LPE's earn less and do more. Without a serious cash injection Purplebricks will cease as all the others have before them, as they have at various times burnt through between 2M to 4M a month more than they generate front end, which given they get the fee upfront is staggering. So, Purplebricks has had multi-million pound injections of investors/private individuals cash, it is not a listed stock, only listed on Alternative Investment market, and it has generated hundreds of millions in revenue from upfront listings and yet not a penny profit ... but it is a great model. A great model for - TV revenue, Google revenue and any other media revenue spend, the multi million spend to keep brand Purplebricks out there is amazing, and if it ever stopped in six months no one would remember them, so back to that big office sitting on the high street, the one that has been there for years, there is a reason - how often do the other 17,000 agents go on TV to advertise? Occasional Savills (and they have done tonnes of dough in YOPA) that is about it.
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05/5/2020
10:12		fxprotrader: Purplebricks market share and revenue drop sharply - new analysis The market share for all online agents fell sharply in the period up to the start of the pandemic according to new research - with Purplebricks a big loser. The data comes from the agency comparison service GetAgent, compiled from an analysis of major portals cross-referenced with Land Registry and other information. GetAgent says the total share of all online agencies dropped from a peak of 6.35 per cent in September 2018 to just 4.8 per cent in February 2020 - the last representative market period before the Coronavirus pandemic. Purplebricks remains the dominant online player but has suffered badly according to the analysis. Its monthly listings, which peaked over two years ago at 6,358 in April 2018, now runs at 4,400 a month on average during January and February 2020. Purplebricks’ market share peaked at 4.25 per cent in August 2019 but was only 3.45 per cent in January and February this year. The comparison site says its analysis of Purplebricks’ listings in the 2019 calendar year suggests the agency will see a reduction in revenue of some £7.18m compared to 2018. GetAgent calculates this revenue reduction based on an average fee to Purplebricks of £1,100; in 2018 Purplebricks had 65,279 listings against only 58,162 last year. And GetAgent warns that the 2019 monthly average for Purplebricks - some 4,846 properties - was not matched in the two months of 2020 before the pandemic hit. In January and February this year Purplebricks had an average 4,400 listings per month. Looking at the wider market for all online agents, the comparison site says there were 17,286 fewer listings in 2019 than in 2018. It says Yopa listings were down 21 per cent year-on-year and its market share dipped from 0.65 per cent to 0.61 per cent. HouseSimple, by contrast, was up a huge 156 per cent year-on-year and its market share rose from 0.21 per cent to 0.61 per cent. “However, this increase is at the expense of actual revenue given that they became a free service in 2019” notes the report from GetAgent. “Estate agency as a whole has never been short of its critics but this criticism certainly seems to have shifted towards online and hybrid agents over the last few years” says Colby Short, founder of GetAgent. “This is always going to happen as an industry evolves and there is no doubting that the online model provides a very cost-effective method of transacting when compared to the traditional agent” he adds. “However, this more DIY approach to selling does have its pitfalls. Many customers feel as though they’ve been left a little high and dry when it comes to the completion of a sale and that they didn’t achieve the price they would have otherwise. “This seems to have had a knock-on effect on the popularity of online agents with even the industry leader, Purplebricks, seeing a steady decline in business. “With yet more uncertainty now shrouding the market, it’s likely that many home sellers will value the professionalism, service and accountability that comes with a traditional agent and the online market share will continue to suffer as a result.” hxxps://www.estateagenttoday.co.uk/breaking-news/2020/5/purplebricks-market-share-and-revenue-drop-sharply--new-analysis
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