Purplebricks Share Chat (PURP)

deal would need to be very tight in this market.its so thin.the only way to make money is if you charge a decent fee and or have NH or FS and strong lettings to see you through.

As an aside in the world of Agents I see Connells deal of the year on TDM has hit troubled waters with the monopolies commission and is falling apart-what perfect timing and with that albatross around your neck. So that is up for grabs IMO-who would be interested ?

Well no trading update yet .Investors keen to hear the cunning plan from Missing Marston to turnaround fortunes

Not a single comment,interviewor appearance from her
Maybe there is apostive spin to all this that her appointment is a makeweight keeping the seat warm whilst some sort of deal is beig hatched at Purple Towers

PI s being treated like mushrooms Is it worth a bet? .

Tomorrow Hang onto your hollyhocks Concensus is revenue c£75m circa 44 -7k listings and less than £50 m in the Tommy ! Maybe £25m loss
Rollback to last year when they said " Strong performance with instructions ahead of expectations
We remain confident of continuing our strong trading performance into the new FY "??

Is trading update due ?

Dont panic Sain-the new CEO has so much experience in EA she will know exactly what to do !

Kram.

Guess there will be some grumblling when the pass the port and schnapps around at the next Board meeting All eyes will be turned on Adrian Blair

FFS Adrian we put our hand in our pocket the last time around the houses buy some bl**dy shares

Awww come on Sain. We don't have to scroll very far down this thread to find the blind optimists saying that this would hit 30-40-50p quickly off the Director buys. In optimistic news PB have finally updated the Directors' page to include the new CEO and remove Vic from the premises. I like to think I brought that to the forefront of their busy little minds in this thread. However, their legal advice page is *STILL* more than 2 years out-of-date of important legislative changes and once again exposes them to fresh legal claims on top of the ones that are already landing... *eyeroll emoji*

Rollback the years when there was a spat taking place here between the ****sure Jimmy and Cyberduck
regarding Bricks performance in 2018 . Cybs regretting that he didn't take the offer up by Dec it had shrunk to 140p having gone below 200p in October
JIMMY Aug 31st 2018 SP 298p
"My wager with you is that the SP hits 382.00 (£3.82) per share before it hits 200.00 (£2.00). If you're so confident in your calculations and the outlook of PB then this should be easy money for you. What shall we say as the winnings, something like an Amazon gift card? I'm open to suggestions on the winnings and the value. My suggestion would be something nominal like £100 gift card but I'd be happy to wager more."

You're so confident on your views and calculations so put your money where your mouth is; I'm prepared to do just that!"

Jimmy hasnot been back on LSE since !

The disappointing start to May has continued . May is usually one of the busiest months of the year . In May 2019 Bricks took on over 6,300 fresh instructions having fallen just short of 6,000 in 2018.

It looks as if they will be lucky this year to top 4,000 . Trending downwards .Even taking into account that the market is short on inventory this is still poor.
What is even worse is no new initiatives being introduced to counter
They certainly need to have something in place for the next trading statement.

On the sales side .the end of April finished with a flurry with fresh instructions.Building up hopes that May will resume its position as a busy month and a kickstart to the new FY.

Alas its been very quiet ,very quiet indeed yesterday and Wednesday very quiet

Since Jupiter left the scene jettisoning their shareholding at a rock bottom price and some drector buys taking advantage of it which coincided with a number of Director buys its all drifting back down again

Should receive a trading statement in a few weeks What is certain they certainly didn't average 159 instructions per day as forecasted by Savage of Zeus . Way off beam more Oizys than Zeus

Literally invisible on their own Corporate Governance page. Vic still up there. I strongly suggest that any shareholders losing money here sue them for providing false information.

It's a hard act to follow but the new CEO Helna is more invisible than Vic .At least the Bruces were in your face .

You would have thought that after the imbrogolio surrounding her appointment an in depth interview , mission statement and forward plan but nothing to justify her share options

Acc .to ZPL today rentals inventory have shrunk to just 144 nationwide .Running on empty

Major
Yes -Hard to see the Strike model working medium term but they have impacted on Bricks in the areas they have gone head to head taking away some of the instructions. The free lunch appealing to many vendors

Bricks are going to have to rethink their marketing budget Difficult to say what impact a reduction would have had this FY just passed and whether fresh instructions would have dropped even further without it
They made great play of this money back guarantee which didn't titilate the public taste buds
The marketing budget last year worked out at over £600 per instruction which is quite ridiculous

Yes certainly new homes apart from the odd small developer and the bustling BTR sector seems to have bypassed them

Let's face it the new CEO has had a rocky ride with HR since her arrival 2 years ago Nothing there to suggest she will have any impact.

Suspect that some organisation somewhere is able to sell themselves to Axel as the ones to take Bricks forward

It can't happen soon enough .It looks like they have been desperate to get some fresh stock in before the year end as both Friday & Saturday have been busy days

Strike wont work-impossible.

Pb-was a cheap fee-people commitment as own business-fees paid up front and a huge advertising spend.

Now....I dont think any of the above applies.They may make money short term by cutting costs on advertising that was the thing that made it work.

No new homes as developer wont buy this model and they have no land department (can the CEO sell land?)Statement and FS- Im not sure but not controlled and compliance a headache Im sure. legals probably decent earner.

£5 to 19p in the best market we have had for decades.

best thing that could happen here is put a head of all in charge and put the New CEO back into her tower running HR

I know a number of people that could be bribed over for a meaty package and share options-Estate Agents !.leave a contact and Ill let you know PB(for a small fee of course)

https://propertyindustryeye.com/purplebricks-tops-agency-market-share-league-table/
Devil is in the detail .The reality is instructions at Bricks have fallen again this quarter compared to FY 21

April has been disappointing as the FY comes to a close this weekend. .Total for FY 22 likely to be coming in at under 48k compared with 69.782 in FY19 & 64.376 in FY18

Even allowing for a market short on inventory this is not the direction of travel they should be on

Themodel is relaint on volume and without any new income streams they are going to have to take a knife to the marketing budget

Strike are certainly impacting with their no fee offer

sub 20 today ?

Was anyone of you lucky enough to buy into this dog at £5.00.What an investment that was!

Here is their case !
https://propertyindustryeye.com/video-contractors-for-justice-vs-purplebricks-c4j-lawyer-talks-to-russell-quirk/

4 days til year end

Contractors For Justice only announced 2 weeks ago that they were ready to submit a claim so maybe this won't arrive in til next financial year

Should imagine C4J would ideally like to achieve a settlement out of court .Difficult to establish what the best route forward for Bricks Suspect whichever route they choose it will be the wrong one!

But they've managed to squeak the figures through without the still as yet impending legal cases. Still too many months until that update arrives.

The end of the financial year is coming to a close and perhaps another month til a trading update .It's not pretty .

Annus horribilis and no evidence that its likely to get better with a market generally short of inventory . Vic gone toether with key personnel .The money back guarantee has failed to resonate .Recruiting a comedian to head up a campaign,the last laugh has been on them with the promotion of a HR Director to the hot seat.
That promotion fell at the first hurdle with a lack of due diligence and a vain attempt to bury her previous bankruptcy
Not the most auspicous of starts and we have yet to hear her "Vision"

The year littered with a whole host of HR and complaiance problems which have not been satisfactorily resolved

Investors can draw no comfort from the level of fresh instructions arriving in April either. Another quiet weekend just passed .

Zeus indicated last spring that they were expecting to see fresh instructions averaging 159 per day .That forecast is more likely to be way off beam by 20% more like 125 per day Certainly a drop sufficent to put them under water operationally

Maybe by the end of FY 22/23 all the cash will have run out ?

this is just a brand name now with a ropy infrastructuresome one will acquire it -could be a value in the FS on transaction but you'd need a proper EA director for that one.

Yep -more invisible than Vic Ironic with a HR background her arrival has been best with employment contract problems .compliance issues key personnel leaving and not only that failed to achivehersuccession smoothly

No mission statement or plans April new instructions falling again -new regime on its way The big question is is it worth a punt at 22.5 p! FOMO

New CEO confirmed.No sales experience.Must be a holding position -HR background

You couldn't make it up https://nti.co.uk/news/articles/jieb-personal-insolvency-paper-november-

"Ms Marston is concerned that her Bankruptcy, which was discharged in September 2015, will also be revealed to investors in a stock market notice."