Member Info for cyberduck

Early May.

What page are you looking at TalygarnTom?

Zoopla reporting 232 "Just added" listings over the last 24 hours. This includes properties coming back on the market after sales falling through and ones returning after a marketing break. You can usually assume the number returning to be around 15 to 20 percent.

bandit1, >Do you own shares here and if so why are you constantly talking the share down? Your mate cyberduck admits he has no shares here either. Check out my post this morning on the PIE website. http://www.propertyindustryeye.com/parent-company-of-your-move-reeds-rains-and-marsh-parsons-to-announce-results-this-morning/ See me talking PurpleBricks down there?

bandit1, People have been posting negative comments on here since day 1 and it hasn't affected the share price. I used to think it would but it doesn't. So I suggest once again people do their own research. bandit1 is saying he's done his research and he's talking up the company. I suggest people check for themselves. That's all I'm saying. Check the daily listings on Zoopla and compare to the same time last year by checking back on this thread. Another thing to do is check back over a persons posts. bandit1 is a relative newcomer.

Bandit1, in my experience a companies sp reacts to news and when expectations and guidance is not achieved then the sp typically falls. For companies on very high P/E ratios or fast growing ones like PB who are valued assuming continued high growth, when they fail to achieve guidance the SP drop can be very severe. But as long as you research confirms company growth forecasts will be met then you'll be fine. Does it?

bandit1, I am not invested in PB but if you check my posts going back to this time last year you will see that I was. I still follow the company with great interest. >there should be a gradual ramp up of new instructions How gradual though and how much in terms of marketing will it cost? Is there a limit to the percentage of the population who will use online and if so what is it and will PB's share generate a profit worthy of the �4 share price? Before getting carried away with the US I recommend you take a look at the situation in the UK. Check out the daily listings for the company and check out the number of LPEs. https://www.purplebricks.co.uk/search-local-expert?ref=header I make it 735. Have a read of the Hardman & Co analysis from September 2016. A bit out of date now but they give details of how they see the company growing. "For FY17E we model 41,000 instructions to Purplebricks, 3.0% total UK market share. We estimate this grows to 4.1% FY18E. We estimate sustained growth in market share thereafter." "LPE growth is the key driver to customer acquisition" For the 4.1% 2018 market share figure they estimated there to be 390 LPEs. Checkout posts last year on this forum up until about August and check the number of LPEs back then and the number of instructions being reported. Check the current numbers of instructions being won. PB give guidance of about 100% growth in UK turnover for the year to the end of April. See if you think this looks realistic. Do your own research.

bandit1, >Aus is small fry so any downturn there is irrelevant. If they can't make a profit in Australia they are unlikely to do so in the USA. After 2 months in Oz they had turnover of �400K, reportedly a better start than they had in the UK, and after 6 months I reckon they'd listed about 700 properties. After 8 months the revenue was �3.9m. Estimates for 12 months to the end of April is �12m. Although the population in Oz is about a third of what it is in the UK, fees are a lot higher. When Oz was first talked about they reckoned it would contribute about the same as the UK once it had caught up. California is about two thirds the size of the UK and fees are about double. >>Making an impact in the US will be transformative. Are you saying they have made an impact, will make an impact or saying that if they have an impact it will be transformative? That's a big if. On 15/3/18 it will be 6 months in the USA. In California the turnover after the first six and a half weeks was �100K. It would be great if they succeed in the USA but I think it will be a tough nut to crack. Tougher than the UK and Oz. The trading statement in May should be interesting and I'd like to see how much of the �50m that they raised has been spent. Do you have any idea how they've been doing? Have you been keeping a close eye on things over there? If they manage 500 listings, that would be revenue of about �1.1m. Any idea how many listings they've had in the US?

Seems like the whole sector. Perhaps investors think the top has been reached and that there is better investment opportunity elsewhere. Directors selling shares and the Government making noises about stockpiling land probably doesn't help. Perhaps they don't trust the forecasts from analysts and the companies themselves? In TEF's case, with the difficult London market, there are probably concerns over margins and the �50M+ profit forecast for 2019 and question marks over 2020 and 2021 too.

http://islingtontribune.com/article/hong-kong-sales-pitch-for-luxury-flats-a-slap-in-face Don't you just love journalists? Rather than investigating and documenting the facts they make a headline out of one party's claims and then just include the other party's denial in the article.

Terrace, Have they ever achieved EV? I'm presuming you are referring to Enterprise Value which I understand is used when looking at a fair price for a company if it is acquired by another. "To compute the EV, first calculate the company's market cap, add total debt (including long- and short-term debt reported in the balance sheet) and subtract cash and investments (also reported in the balance sheet). Market capitalization is the share price multiplied by the number of outstanding shares." Where do you get your data from? I'd be interested to see the values for other companies in the sector.

Zoopla reporting 234 "Just added" listings over the last 24 hours. This includes properties coming back on the market after sales falling through and ones returning after a marketing break. You can usually assume the number returning to be around 15 to 20 percent.

https://news.sky.com/story/sky-views-why-we-should-celebrate-housebuilders-11263165

At the interims they increased their guidance from �80M UK revenue to �84M up until the end of April 2018. The number of LPEs currently stands at 743.

They need �44M revenue in H2, an increase on last year by about 77% to achieve guidance. OK, it's not just about the number of instructions because they usually increase average income per instruction and there's income from letting and commission from buyers too.

Zoopla reporting 265 "Just added" listings over the last 24 hours. This includes properties coming back on the market after sales falling through and ones returning after a marketing break. You can usually assume the number returning to be around 15 to 20 percent.

https://www.standard.co.uk/news/london/gentrification-fear-puts-plan-for-market-square-revamp-on-hold-a3769906.html

Just looking at the interim results again and the guidance for full year UK revenues is �84M which after �39.9M in H1 means about �44M in H2 is needed to meet guidance. H2 2017 was �24.9M so this means an increase on last year�s H2 performance of about 77% is required. The next couple of months will be crucial as to whether PurpleBricks can achieve the increase they are looking for with some pretty hefty figures from March & April 2017 to try and improve on. I recommend shareholders keep a close eye on the number of listings from now on in. There�s plenty of discussion from this time last year on the lse forum to get an idea of numbers from the same period in 2017.

https://www.thetimes.co.uk/article/the-start-of-a-british-rental-revolution-zz57mxlb6

Sain, There is actually a young lad who raised finance which valued his company at �12M if I'm not mistaken. I think they're called Doorstep or something like that. But for me, it's all about marketing and brand recognition. About 95% of the market still sell via traditional agents and PB have about 4% market share of new listings. They've spent big on marketing and if you're one of those 95% and are thinking of taking the step towards hybrid/online I think they'll go with the name they've seen more often rather than look for the cheapest option. That's what I did anyway and I was of the opinion at the time that it's solely about sticking it up on Rightmove. Brand recognition could also be important for buyers too. If they see a property marketed by a company they've never heard of they might think twice. Could be wrong. In 10 years time it might be different of course and everybody might know the best way to market their own home with a basic online listing possibly being enough for a large number of properties.