Member Info for cyberduck

>Jerome is Group Land and Planning Director,so we can assume that is what he has been busy with.Not sure why posts on here indicate that he is the BTR guru.

So would a Land and Planning Director be particularly visible?

Terrace,

Jerry must have been doing something in the last 12 months. I don't understand what he's been responsible for until now or the business well enough to know where he fits in but Sain is a big fan and Jerry hasn't been given the BTR side of things by the looks of it and doesn't appear to have been given any other major position.

Just wondering where he's going to end up. What do you think?

Sain, what do you think he's been doing for the last year? Katie Rodgers seems to be a high flyer and now looks like she's heading up the BTR developments and BTR partner side of things in addition to being the financial director.

Perhaps he's her assistant? Or if he commands a more senior position then perhaps JDS is leaving and he'll take the CEO role?

Apologies. Should have been an increase of about 13% comparing December 2018 and December 2017.

Article suggesting there's been a noticeable benefit by PB from Emoov's problems...

https://thenegotiator.co.uk/purplebricks-and-yopa-boosted-by-demise-of-emoov-and-tepilo/

I follow listings for PB very closely and whilst my proxy suggests an increase in November & December over the previous year this increase is slightly less than previous months. I've got them up about 10% on December 2017.

Listings in November & December are typically way down on other months so you'd definitely have noticed a sizeable migratiion from the current Emoov customer list, yet the increase is in line with other months before Emoov's customers were looking for a new Agent so I don't think they picked up very many at all.

After selling with PB and regularly receiving phone calls from other agents trying to poach me as a client I wonder if the slowdown in growth could partially or fully be explained by misleading comments being made about them by traditional agents when they come out to value. Whilst the two agents who were regularly phoning me didn't categorically state PB were doing anything wrong there was certainly an implication that the property had been on the market too long and this started pretty early on.

Luckily I was keeping an eye on the market in general and even had a property for sale next door and they actually got rid of the first agent they appointed. One of the Agents that phoned me had difficulty remembering they had been sacked in regard to the sale of another property down the road.

I know PB are no angels and have been found guilty of misleading advertising by the ASA on a number of occasions (usually after complaints by one of their competitors) but once their competitors have you where no witnesses are present they can get away with saying pretty much anything.

Here we have Haart getting caught sending out letters claiming PB were about to go bust.

https://www.nottinghampost.com/news/nottingham-news/estate-agent-apologises-after-sending-2399593

I'd love to be a fly on the wall when potential customers ask PB's competitors why they are so much more expensive than PB.

If I were PB I'd employ some mystery shoppers to see what is being said about them behind closed doors.

>The problem arises when they aren't singing from the same hymn sheet and inadequate inter-communication with TEF sales team

If they are misleading potential buyers then you really have to question what's going on. It's even arguable that even if inter-communication was good then these Agents should perhaps only be allowed to market properties in ways that TEF aren't pursuing. Little point in competing with themselves on Rightmove.

If TEF aren't going to be pre-selling as many open-market properties then perhaps they should be looking at listing properties themselves on the property portals.

I sold with PurpleBricks and to be honest it pretty much confirmed to me that as long as you know what you are doing you get very little from Agents that is not provided by the portals.

A bit more trading activity in the last couple of hours. 40,000 traded.

Strictly switching on value or somebody knows something?

https://www.foxnews.com/opinion/cal-thomas-decision-time-on-brexit

Finding it hard to read articles by the daily UK newspapers so thought I'd have a look what they're saying overseas.

Nothing very interesting in this Fox News article but it makes me wonder why is it generally assumed there would be a return to violence in Ireland if there was a border?

I can remember back in 1981 I was hitchhiking in the Alsace region and crossed the German/French border a couple of times without the drivers or myself having to show our passports even. Are we just making things more of a problem than they actually are?

Just 635 shares traded in 6 trades in the first 2 hours of trading.

Need some publicity. An RNS announcement or two with positive news even!

23,722 INL shares traded. 149,000 RDW, 49,000 BWY and 50,000 CRST

https://www.investorschronicle.co.uk/shares/2019/01/03/purplebricks-boss-tops-up/

"The group boasts a net cash position which, together with revenue growth, should provide enough headroom to widen market share. But analysts at Peel Hunt still expect pre-tax losses to peak this year and don't forecast a move into the black for some time. At 146p, we see no reason to keep holding the shares – sell."

Gaspunter,

What area is it?

https://www.propertywire.com/news/uk/organisations-warn-over-impact-of-a-no-deal-brexit-on-housing-construction-in-the-uk/

"Leaving the European Union without a deal would be more catastrophic for the construction industry than the financial crisis of 2008 when it lost 250,000 skilled workers, it is claimed."

Happy New Year everyone.

2018 certainly not a good year for builders ...

CRST -40%
TW -35%
TEF -33%
BWY -31%
PSN -30%
BDEV -29%
BVS -27%
RDW -25%
BKG -18%

No accounting for dividends.

TEF need to increase by 50% to get back to start of year 2018 levels.

https://www.telfordhomes-ir.london/media/webcasts/telford-homes-plc-interim-results-4/

"Huge amount of money coming into the build to rent sector"

"Only 11% of entire pipeline is open market homes that we expect to be in excess of £600k"

"We have been making pretty good progress on homes priced under £600K"

"We're still out there buying land"

"There is some short term uncertainty but that is just short term in our view"

"We're moving forward with the sale of Equipment Works for which we've agreed terms"

BTR Partner "we've now narrowed it down to a handful of potential investors" "we expect to be able to select from that list in the next month or so and announce early in the New Year"

Selling enough units to meet £50m+ profit target "Unfortunately the environment is just too uncertain at the moment with Brexit and everything else that is going on to really accurately predict how that is going to go over the next few months but at the end of the day our view is that long term the value is still there in those apartments"

I'm more optimistic than Sain.

It wasn't long ago that New Garden Quarter was 60% forward sold to both UK & overseas investors. If the uncertainty over Brexit goes away quickly then there's no reason why everything won't get back on track and even if it doesn't TEF only have 11% of their units priced at over £600K with sub-£600K sales were being described as normal on 27th November.

>Where’s the announcement re BTR partner?

Chosen by the end of the year and announced in the New Year. So that probably means the end of February knowing TEF :)

Correction. It's since the 9th December.

Apologies.

Since 17th December the number of Oz LPEs have reduced from 122 to 114.

https://www.purplebricks.com.au/search-local-expert?ref=header

https://www.telfordhomes-ir.london/media/webcasts/telford-homes-plc-interim-results-4/

Passed me by but terms already agreed for Equipment Works sale apparently.