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It trades to 16th June with a fair wind and the grace of the gods.
Obviously Lecram made them put out this RNS
Just find it weird that if Lecram is interested surely the difference between making a 0.5 or 1p offer is pennies for them. It's wort what, another £2m. The real money would be in cash flowing the company once the take over has taken place, which would be a lot more than offering another 0.5p per share. And for them to have made an offer in the first place they must have had the cash flow facility in place or otherwise they wouldn't have offered....
Or am I totally looking at this the wrong way?
"40 oof how many? If they had 100 instructions:now they have 60!"
The important metric is how many fresh instructions they receive as that is revenue . Inventory is effectively just a cost
May is usually one of the busiest months in the year for estate agents Bricks hit a glass ceiling in 2019 when they took nearly 6000 Downhill since
Im May 2022 it had fallen to 3500 and bt the end of the day May 2023 looks like coming in for 2100
Believe me that is not buttering any parsnips
2 million payout is worth about 0.65p
Plus it may not pass and it will surge.
Or another bid and will surge.
It trades until 16th too what ever so plenty of time for one of these lovely spikes
40 oof how many? If they had 100 instructions:now they have 60!
Your talking us though 2m is some loose change…easy to make wild assumptions on chat boards to deramp lol…Stick to facts!
Another offer before Fri’s GM??
This month instructions are down c 40% frrm May 2022 so probably another £2m_cash slipped out the door .Somebody has got their work cut out here
Hi Sain, I’m amazed it’s still trading in all respects!
James
The fruit machine lads will be hanging their hats on the words "at the current time" Maybe Lecram are confident of voting this down at the meeting
"Michaelreader
MAY 30, 2023 AT 10:34#3
The recent case C4J lost against Purplebricks has been a massive defeat to Aidan Loy (the solicitor who was caught three times in one month drinking and driving). The man misled all the LPEs and TOC for months, its shocking how someone like him is practising as a solicitor. A total embarrassment to the profession. The letter published in the other article is non compliant with High Court rules (He should be embarrassed). He wont go far with his new intentions and should he proceed, he is exposing the claimants to cost orders."
With Russell Quirk the failed owner of many a business and publicity hungry fool.
No chance at all.
Expecting a lively day here today
"The Future Is Tech
MAY 30, 2023 AT 06:59#1
The case that went to trial was over unfair dismissal and those paragraphs were merely statements purplebricks made to try backing up is was OK to sack who they wanted when they wanted. Mass exodus of sacking all the territory owners was OK in their eyes.
The case c4j is bringing to trial is about being treated as employees with no pension or holiday pay etc
Another example of how clueless purplebricks head honcho are to try to even compare the 2."
Rapid Response from PB to C4J's claim attempting to head it off at the gate .Yet no mention of the ? of the validity of Strike's offer
https://propertyindustryeye.com/purplebricks-dismisses-c4js-publicity-stunt-after-ruling-weighs-in-its-favour/
Https://propertyindustryeye.com/purplebricks-to-withhold-commission-from-local-property-experts-after-over-450-breaches/ AUGUST 2018
The compliance and employment issues have plagued Purplenticks for sometime. You would have thought one area of the business Marston would have been capable of sorting out satisfactoirily was HR as that is her background .
She should have nailed all this when she introduced the new employument contracts but failed to do so
Heln Martin arrives as a time served property compliance professional but took one look and scarpered
Today still vendors relist withouit being vetted by the LPA .
It's a minefield with listings appearing with spent EPCs let alone marketing glitches like spent open days etc.
I wouldn't be at all surprised if they had breached the takeover code like this claim infers. The whole process was a shambles, one day no intention to offer but at the same time contradictory exclusivity agreement with Strike over potential offer. Releasing bombshells intraday. Whole thing was a mess
Meanwhile ignoring Lecram with actual skin the game, no doubt as BOD were still sulking over being called out last year, but forgetting that their duty was to stakeholders not opportunists. Reading between the lines have to wonder if they incentivised by some invisible golden goodbye.
And infer 0 2??.
The C4J claim has been hanging around like a bad smell for sometime so should have been factored into Strike's offer ,In typical Bricks fashion they have failed to resolve it.
More worrying is the challenge on Strike's offer an d potentail delay it might cause
Certainly u opens the door for Lectam
I wonder if they will revisit that indicative offer of 0.5p
This might be it (finally).
I think they have got the decimal point in the wrong place
https://www.reuters.com/world/uk/uks-purplebricks-gets-1936-mln-bid-shareholder-lecram-2023-05-26/
You have to hand it to the BODS at Bricks How do you expect them to handle the sale of a company when they can't even be guaranteed to prepare a set of property particulars properly ?
This is not rubbish...."vague promises from a discredited board"