Yes I appreciate that just asking your views on the relative meits of aBricks approach .The difficult bit is deciding which one they will have a pop at because you cant discount Hunters the new kids on the block either One thing is for sure if I pick one its going to be one of the others It makes a lot of sense for Bricks in keeping with their "hybrid " image and they might even inherit some good agents Perhaps in usual sl style I might set up asmall book on the odds
sain Wasn't arguing against the t/o view but against the chance of the class action being successful. I do feel that when it comes to things like buying and selling houses a lot of the people who do this are of an older profile and whilst they are fine looking and browsing the internet to see what properties are out there, they do also like the face to face with an estate agent and a bricks and mortar presence is required for that so there is much to be said for an agency with a countrywide spread. Although the m/cap is £37 million here it might be the catalyst that purp need to get some genuine traction as opposed to the present hype.
Lets assume Bricks are in the market and its clear that their lettings side hasnt taken off Do they want to spend another £10mill on a TV camapign or take control here and rocket launch for £25m ort he bitesize Martin co for £15m Answers on a postcard please Southside Im no great lover of either always mindful that a successful franchisee reaches a point where he goes it alone rather than pay over the franchise fees and only the mediocre remain which perhaps is a little unfair
sain A nice t/o premium is not to be sniffed at I suppose, but the divi is the big attraction to me and surely the sp should be continuing up if the rate of acquisitions here is slowing. I suppose purp could do with something solid to group around though, with that frothy sp.
Purplebricks are rumoured to be looking at an acquisition in the lettings market . They certainly need to kickstart their operation on the lettings side having only 286 instructions Belvoir look quite an easy acquisition if Goddard is amenable especially if he would be willing to accept some shares in lieu of cash
Thanks for the link I think that once the acquisition spree slows down a bit this could be a real one. Could be taken out or as now a dividend of over 5% with all the action going on in the background the sp could take off. Seems to have recovered from the early year slump
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