Venture Life Share Discussion Threads

[hydrus] 16/7/2017 08:51

Mod - one other thing - when you say PURP doesn't do anything other than put your home on Rightmove and put a sign up - correct, exactly the same as all agents. They do details, photos, plans etc same as all the others. Maybe in ten years time we will all laugh at how people paid £900 let alone £6k......

[hydrus] 16/7/2017 08:47

If your house hasn't sold after 8 months Mod you have bigger issues than a £900 agents fee.

[hydrus] 16/7/2017 08:45

I used PURP to sells house and had a very good experience. No issues at all. It left me scratching my head and wondering why anyone would pay £5/6k plus when they can pay £900 and get broadly the same service. In my view, with Rightmove etc agents now add very little value. All this nonsense about knowing local markets and having buyers lined up. Well, from what I can tell Agents spend most their time valuing properties by looking online and seeing what the last house down the road went for and then add a bit. Also anyone looking for a house just looks for themselves on Rightmove etc. Therefore even if an agent has a list of potential buyers, said buyers will be looking online themselves.

[apad] 16/7/2017 07:39

"There is a big difference between knowing lots of facts and really knowing how a market works. And worse yet, if you should happen to really figure out aircraft, you will find that very little of that knowledge generalises to computers, which are in turn different from telecommunications, which do not at all resemble software."
Krugman Oxford Economic Review

"All the real knowledge which we possess depends on methods by which we distinguish the similar from the dissimilar."
Linnaeus (1737)

apad

[apad] 15/7/2017 21:41

In case you haven't come across these Phil Oakley articles on Sharescope.

www.sharescope.co.uk/philoakley_article160.jsp

They are very informative for accountancy idiots, like what I am, and very well written.

apad

ps
I once sold a house without an agent by putting leaflets on the front.
I tried the same procedure with another house - no luck. Increased the price by more than the agent's fee and sold it within a week to people who had seen it for sale privately and not bothered.
One other thing I have learned is that agents don't price ahead, they price in arrears. So, if you are in one of the flat periods (say, Xmas, the agent will price based on the previous Autumn prices and you will want to price on what might happen in the coming Spring. This will be more difficult if you are using up your 8 months.

[modform] 15/7/2017 20:29

My first experience with PURP, trying to sell a house for a relative. You seem to have 2 options1. You pay around 800 to 1100 quid depending whether you want them to manage the viewing. You pay this upfront, which includes advertising on rightmove and zoopla. 2. You go though their solicitor which adds another 1200 quid to the cost and you pay it by:A. When you sell the houseB. After 8 months of not selling.In both options if you pull out you have lost the money.So the aim is to get the money off you whether the house sells or not. They have no incentive to sell the house as they get the money anyway. So they rely on you to reduce the price quickly to sell the house.So PURP doesn't do anything apart from put on rightmove or zoopla and stick a board in your garden.Is it just me, or the business model looks awful.Has anyone had any experience with them please. Cheers

[hottingup] 15/7/2017 18:56

Please take a look at my IMM thread this weekend.

Potential 70+ bagger by Q1 2018.

[apad] 15/7/2017 18:10

Off topic:

www.bbc.co.uk/programmes/b08w9lv6

Stunning program on Hokusai.

apad

ps
Sorry, I couldn't resist!

[janeann] 15/7/2017 18:01

bamboo will post the full money am trade data on the rpsm thread but as I see it the offer on thurs at close was 850 and the bid at open on fri was 8.80. that very quickly dropped to 8.57 at 8.03 after a few trades. So I see a bigger gap!!

acso - apad's red flag noted ... time will tell. Previous ingresso is doing nicely.

[apad] 15/7/2017 15:52

Red Flag time:

"TE2, meanwhile, was only founded in 2013 but already boasts an impressive customer list including Cedar Fair, SeaWorld, Merlin Entertainments, and cruise operator Carnival Corporation.

Burnet admits what TE2 does is complex, but broadly it has a software platform that uses heuristic analysis to model customer behaviour during their stay and also before and after the visit.

Using this information an operator can personalise what a customer wants and specifically target information to help them have a better time during their visit.

Cost of the acquisition including debt is £62.3mln (US$80mln)"

Scaredy Cat
apad

[bamboo2] 15/7/2017 14:59

janeann, prsm chart on TView has had the data that was missing restored.

The Continuation Gap has arisen between the close on Thursday 13 and open on Friday 14. This is after the data problem was fixed for TView. The precise gap is tiny,

Thursdays high was 857.75
Fridays low was 859.79

I'd be interested to know what figures you have.

My trade is based on this info, but also the fact that I have a turn marked between 14 and 17 July. I guess, given recent price performance that the turn [if any] will be down, although I could have been too hasty! Needless to say time will tell the truth.

I do very well trading apex based turns, but don't always get it right. It does help take some of the emotion out of trading, which is a good thing imo.

[rp19] 15/7/2017 13:32

I think like a lot of things in life, there is a balance to be had. If a director is instrumental in driving consistent shareholder return then I can't really grumble about it. Reward for failure is a different matter. I think the world of work is different for many people today, it is not a 9-5 job anymore. Rightly or wrongly, work activities are encroaching into other parts of the day. As such, perhaps it is reasonable for appropriately targeted option packages to form part of the wider renumeration package.

[sherylchan] 15/7/2017 13:17

Apad, Red

interesting discussion re RWS options - those options were awarded in April 2013, at around the same market price then (vs any discount) - personally don't see an issue that Directors sell options awarded for whatever reason if Company has performed commensurately over the period.

Purplebricks is perhaps a more extreme example, many Directors & Employees sales pretty much since IPO - from share options awarded prior to float - from options priced at 0.01p to options exercised at the 10-13p level - will apparently negligible effect to the rocketing price.

Greater fool theory perhaps, but will only know in hindsight.

[apad] 15/7/2017 10:20

TD being sold to iii Big. See earlier posts.
apad

[bamboo2] 15/7/2017 10:18

re 12301, UK Small Cap stock quoting problems

This has had a bad effect on my ability to generate reliable charts.

I have signed up for demo use of the TradingView chart package that offers 'Last Market Price' to shape the days candle. [rather than Advfn's Trading View, which uses Mid price]

On some charts, the data is missing completely, although they seem to be restoring some charts now.

During the trading session, I have resorted to 'dummy trades' to find the real buying and selling prices, but this fails when a stock is order only for one reason or another.

[big7ime] 15/7/2017 10:11

Why did you change broker apad?

[apad] 15/7/2017 10:06

Had a quick look at Interactive Brokers annual report.
Impressive company, I believe.
apad

[apad] 15/7/2017 09:57

It's not a "position", j. Just part of my history. I should have another look at MCGN.
apad

[janeann] 15/7/2017 09:17

apad - don't understand your position re mcgn; sympathise for selling, but if you made a bad decision some while ago for whatever reason, then if it is a good share to hold now its worth getting back into it. If you don't you in effect beat yourself up twice about it (as you watch it progress). My original holding was around 114 but added and sold a few around 320 for a small profit. Bit the bullet and bought those back at 390. Looking forward to the july results.

[apad] 15/7/2017 08:41

I'm pretty sanguine as the price was £3.88 (inside the bid/offer spread) for a large number of shares, which suggests a keen institutional buyer.

apad

[panic investor] 15/7/2017 08:41

Indeed apad

[apad] 15/7/2017 08:36

ps
Octopus Investments Nominees increased from 15917602 to 16065897 on 24th May

pps
Maybe any share price weakness following friday's announcement could be informative. I.e. did those 850,000 shares find their way to the market or were they snapped up by a big fish?