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Bricks Newco Wind up meeting for former Purplebricks shareholders 20th December
https://bricksnewco.co.uk
Final payment just 0.66 per share
£220k liquidation costs
Investors who bought in at the death for 0.4p would have made a killing LOL
Great recovery play here. should see 30p by August.
Dunstone might have bought an expensively created brand for a £1 but must be already suffering indigestion
Despite immedaitely announcing a fee haircut fresh instructions have continued to melt
A double whammy on revenue
On Sunday Strike actually took on more than Purplebricks !
investors can only hope that the monies left ober in "oldco" are ring fenced and heavily guarded
It's staggering to think that since August t 2017 The" market value "of the company has decreased by £16 m pcm !
Investors who boight after the Fenruary RNS announcing the sale sign is hoisted can feel rightly aggrieved that the BODS failed to tell them that he contract with Duologi was expiring in April crashing the model and effectuvely forcing a fire sale.
Read the last RNS and wait.
What do I get for my shares? Are they written off or might I get something?
Does anyone know, do I still have to 'buy' my short I placed with Corals ?
Just don’t agree to voluntarily liquidate your shares, they may offer something eventually.
Would they re-list in 2024 nobody knows.
There isn’t going to be any offers made for any shares , the 31st may RNS tells you this
So once the stock has ceased trading are you going to come back to this message board to see if anybody is gloating i.e. them receiving 3-5p per share? Don't think so....so I would say nobody would care what is paid out once Friday comes..
So as this stock/company will no longer be listed, how will anyone apart from those still holding this stock know what will be left to share out.
As there will not be any more RNS 's to tell the market, and you can bet your life that some who did buy more shares will come on and say they were paid out 3p-5p a share just to try and make their case and justify them buying more shares .
This is not new news and known to the market for weeks....as such the price and value of the company!
Yes well everyone knew this was going to happen, and for all those that kept buying cheap and hoping they were going to make a killing could end up losing even more.
What's the cance of the money left being any more than a big fat 0 to share out.
Has everyone seen the rns yesterday at 6pm
Trading ending Friday and your shares have gone
Seized trading , oh dear
Interest rate rises are starting to have affect on the housing market and related industries, ie agents, builders and builders merchants. I suspect that listings across the board will be down as sellers and buyers assess where the market will go. No-one sensible is going to list with Purp in the circs, though they might be tempted with Strike. Cap value down to about £1m so shareholders distribution looking meagre, at best.
Well Dunstone must already be suffering buyers remorse. Fresh instructions are continuing to fall in what is normally one of the busiest months of the year
He will be eyeing any money sloshing around
Despite the fee haircut.It looks like this month is going to be less than 2,000! Revebue has fallen through the floor .Hope he has managed to bag a few mortgage deals before the lenders pull the rug on the offers.
It is now Tuesday and effectively 3 trading days left (incl. today). I wonder if the company will provide some further news on the fund left over for distribution to shareholders before it gets suspended.
It gets better! Dominique 's Linkedin profile toasts the success story!
This has prompted 3 cheers in comments in an orgy of mutual back slapping from all and sundry who have lived high on the purple hog. You really couidn't make It up
No remorse
https://www.linkedin.com/posts/dominique-highfield-3ba71327_mergers-markets-technology-activity-7072886855704178688-qkGi/
Elona Mortimer-Zhika CEO IRIS Software Group.Non -Exec Director Purplennricks
"What a journey! I won’t be missing the amazing audit memos (hands down the best ever!) but will miss you all! A great example of leadership and resilience!"
Mark Reed Founder at M7 Communications LTD |
"Dominique Highfield good to see that Purplebricks is getting back on the front foot with a positive plan to recapture share and provide customers with choice and value."
Tom Evans -Area Director at Purplebricks Group PLC
"Future is BRIGHT, future is PURPLE 💜
Phil Woollard
Global Recruitment Manager
"
A huge achievement and can’t wait to see what the next chapter brings 👏🏻
Everyone at PB works tirelessly to change the industry and it is said “the first through the wall always get bloodiest” but brick by brick change will come"
Patrick McCubbin
"Awesome! A great achievement on so many levels!"
Took a short at Corals 0.35p hope to buy at 0.25p
Interesting that Stike Bidco Limited was only set up in May 2023 and that Strike Limited is not willing to purchase PB directly! Perhaps they want to protect the assets of Strike Limited just in case the new company fails.
Have they really no shame. Delusional.
You couidn't make it up.PWC Helen Marston & PWC attempting to spin the firesale to Strike for a£1 as a success story!
The reality is they left it far too late in March to find a buyer. With the Duologo contract expiring at the end of April which meant that cashflow was going to dry up as losses continued Investors were going to be shredded
".....and relentless work ethic ensured a successful outcome for the business."
https://www.pwc.co.uk/services/deals/recent-deals/pwc-advises-purplebricks-group-plc-on-sale-of-business-to-strike.html
A cash shell, with a 1 mil valuation with the potential for 2mil worth of cash distribution, seems like it could hold something. That's a few years worth of listing.
A big gamble though. Hmmmm not sure.
Fat finger!
Camelot;/Hived
The business has been sold for a £1 .They wont be paying anymore In fact since acquisition insytuctions continue to pluimett Bricksnewco,operating losses continue.Theyhave bought a pup ,avery expensive pup
The clear and present danger for shareholder is the stimated potof £2m they are now fighting ober might get tapped to meet the conditions of the purchase agreement
Theclearan dpresnt dangeris thatsome ofthecondiyions arent fulfilled and the requireteh resy of themoney inth epoyo soty oiy