Member Info for cyberduck

terrace, I have my doubts they ever will but there are plenty of shares that are valued speculatively. Look at Touchstone Innovations. They own the commercial rights to various research projects and are valued at £489M. The shares will drop like a stone if the growth stops or looks like slowing. In the meantime it will be a bit of a roller-coaster with jumpy investors and not much volume required to move the price significantly in either direction. Directors are mad if they don't take profits.

>Smoke and mirrors And the audited accounts? A rise of close to 100% in instructions/revenue on a year to year basis? Keep clinging on to that belief if it makes you feel better. I monitor the listings on a daily basis and my approximations for the 2017 financial year were almost spot on.

>Why are the people in the KNOW selling there shares ? Do you really want people to speculate. Just profit taking probably.

And yet their UK market share continues to rise.

>but hey ho purple bricks have been paid and your invested in them so who cares Wrong again.

Milly, the reason I didn't provide you with any information was because I knew you would do exactly what you did do. Start speculating without a clue in regard to my particular case. Start saying how good traditional Estate Agents are. I read PropertyIndustryEye pretty much every day and I read all the comments from the Agents who don't have enough business to keep them occupied. It's hilarious, they really don't have a clue about PurpleBricks and they talk as though they can sell anything but it's clear they don't when you look deeper. In fact the completion figures I've seen for traditional agents is appalling. You have no idea about the local market here and if we look back I bet you are one of those who talk about PB's LPEs not being local enough. :) My property is Sold STC at a price higher than 2 other local Agents valued it at. If we go back to the property I mentioned a little earlier which is up the road a little bit from me it's now on it's 3rd Agent. The owner has vacated because he didn't want to miss the property he was after and it was even up for rent for a while. This is since the beginning of the year :)

Why, can you come to a conclusion about something from that figure?

>they constantly lie and make faulse claims Are you talking about the LPE who exaggerated the number of listings? I was surprised that this was all the watchdog undercover team could come up with. I've got my property listed with PB and one agent phoned me after I'd had it on the market for several weeks and asked how things were going with PurpleBricks. I said it was pretty quiet generally and they claimed they were really busy which i know was not true. When a different Agent tried to convince me how much better than PB they were they they couldn't for the life of them remember the property over the road from me which they didn't sell. They come over all helpful but all they're interested in is getting your property on their books. One of the least trusted professions.

Hi Milly, can you explain again why you are so passionate about PurpleBricks? Is it because they are your competitor?

>TEF unlikely to see any revenue flowing from Nine Elms until FY19 I was thinking that the granting of planning permission would be the "news". The original Greystar announcement said TEF were handling the application and the development phase was conditional on this. I know I'd issue a press release but then I believe in selling the brand to shareholders and potential shareholders. It's not just fundamentals that drive the share price.

Hopefully the SP will move on news. I imagine that once planning permission is obtained for the Greystar deal there will be an announcement. It's only at this point that the actual development contract kicks in. I'm hoping there will be other project announcements too.

Letting doesn't seem anywhere near as good a business idea as selling. I took a quick look at PB's offering and it didn't jump out at me as a big enough saving compared to the High Street. If there's an ongoing relationship I think you'd prefer an Office you can pop into now and then. Personally I've given up on using Agents for my properties. I've just found a tenant using OpenRent. All for £49. Did the same 3 years ago but will use their tenancy agreement this time - digitally signed by tenant & guarantor. Better to meet prospective tenants and quiz them yourself. Agents in my experience are useless.

It looks like the recent "bad press" is affecting the share price. Whilst I do feel the share price is too high the latest piece from the Sunday Times does mislead to some extent. It states: "Take its revenue of £43.2m in the UK last year. Based on an average fee of £1,035 per customer, that’s 41,739 instructions. It claims to sell 83% of these homes, which implies it sold 34,643 properties last year." and "Yet it also says the total value of the property it sold was £5.8bn in the year ending April 2017. If it sold 34,643 homes for a total of £5.8bn, that’s an average house price of £167,400 — 22% below the UK average and well short of the £240,000 average Purplebricks says it sells for." The sums are wrong for 2 reasons. 1) the 83% figure is SSTC (not completions) 2) The 41739 instructions were in the 2017 financial year and the £5.8bn of completions were probably in the 2017 financial year but those sales would not have come from the 41739 instructions. There will have been completions from instructions taken in 2016 and there will be completions from 2017 which don't complete until the 2018 financial year. So a pretty dumb analysis of the figures by The Times. With close to 100% year on year instruction growth you wouldn't expect the sums to add up if you're not using data from the same time period.

Ionic, Thanks for the explanation. I'm always a bit skeptical about charts predicting the timing of corrections or rallies. If it was that easy and reliable computers would be trading and the person who cracked it would most likely be telling everybody about how big a genius he is. I suppose there could be a load of humble people raking it in but my gut tells me otherwise. According to "this is money" the Sunday Times opinion was to sell PurpleBricks http://www.thisismoney.co.uk/money/markets/article-4786120/Mining-ventures-Greenland-Purplebricks-Playtech.html

What does it mean?

The business model that seems to be working here in the UK is a hybrid one with £14M spent on marketing. There are also a fair few online agents here too but PB has gained 70% market share. PB have raised £50M for the U.S. and I think I saw they expected this to finance 2 years. Do any of these other U.S. Agents spend big on advertising? This seems to be the difference here in the UK.

>There is a box warning of the lock in fee but I didn't notice it So how do you know it was there? None of what you are saying makes sense. There's no time limit, you can sign up any time.

What did you sign? A paper contract? You weren't given time? Please explain.

You must think we were all born yesterday. Do you know how badly trusted Estate Agents are? I've got a book here "Law of Estate Agency" by John Murdoch. The table of cases involving Estate Agents is 18 pages long and there are about 40 cases per page. These will be authoritative cases only so will only include cases in the lower courts if they are of particular significance.

Good point.