Member Info for cyberduck

The marketing plan was to list high and reduce quickly. We haven't found anywhere we like yet so even when I get down to the minimum price I think the property is worth (I got valuations and know how much the local market has risen since buying and know which other properties are available in the same price range) I will wait until we find somewhere before trying another agent. If all agents change to £1500 inc. VAT then that would probably affect PB. Is it £1500 + VAT? i.e. £1800? If it's £1800 I still see the attraction for enough homeowners. Not seeing prices anything like that around here or heard of anything Nationwide. PB's instructions are still very healthy and appear to be rising in line or even ahead of projections. Over 200 again yesterday. Not sure if it's true but I got an alert from Google saying "Purplebricks Group PLC (LON:PURP) insider Michael Bruce purchased 3,666,667 shares of the firm’s stock in a transaction on Wednesday, March 15th" See http://petroglobalnews24.com/2017-03-17-insider-buying-purplebricks-group-plc-purp-insider-buys-3666667-shares-of-stock/ Even if not true (probably isn't), Michael Bruce still owns a 14% stake. His wife sold 3.7m shares leaving him with an interest of 37.7m.

>That would be the vendors decision as people normally have 3 agents out if they choose to go with the height value agent how would that be our fault ???? Because you are overvaluing the properties in order to get the business. Exactly what you are accusing PB of. > but beep down it's set to fail Why do you think it's going to fail? I'm currently selling my property with PB and I haven't sold yet but whenever I ask a question I always find the person knows what they're doing. Perhaps they know you will do the legwork if they refuse to. Have you contacted the vendor when you have had issues with PB? Their agreement is with the vendor and they say in regard to the service after the sale is agreed "to be on hand to assist with any problems or questions."

>Are we talking about the same purple bricks It depends who you're listening to. I've experienced traditional style agents trying to outbid each other to try and get my business then do nothing when an overvalued property sits there getting no viewings. They're probably concentrating on the higher value properties and ignoring the lower priced ones as this is how the commission based structure would influence the pursuit of profit. Are you familiar with the Which? Report which looked at one third of all properties sold over a period of twelve months? They state "We examined which agents were heavily reducing (by more than 5%) property prices in order to sell. We think this indicates that they are listing homes with an inflated initial asking price. In our investigation, we found this was less of a problem with online agents that with traditional high street estate agents." The study found that properties that had been reduced by more than 5% took an average of 64 days longer to sell and had an average final sale price of almost £20,000 less than properties that sold without such a significant reduction of the asking price."

>Purple bricks is not like your heigh street agents like it advertise on tv all it is is a stepping stone to list your property on rightmove and zoopla nothing more nothing less Plus you get a valuation, photos and PB make sure the advert meets legal requirements. They are there to provide assistance to the vendor throughout the sale and the platform deals with buyers in terms of viewings, offers & any questions or messages between vendor & potential buyers.

Was having a look at new listings over the last 24 hours in RM. Out of 313 new listings, 76 were actually there because of price reductions. Out of the real 237 new listings PB had 22 which is 9.3% of the market. Other areas are way behind with less than 2% but that's very impressive. Other Agents must be noticing their presence if what I'm seeing over 24 hours is typical.

Some nice numbers coming through on Zoopla. 200+ new instructions on each of the last 2 days even when those coming back on the market as "new" are ignored. LPE's up to 414 when I looked the other day. The Hardam & Co target was 350+ by the end of April. Again going back a few days, 783 instructions since launch in Oz. Perhaps more if they are taken off the system when sold. Giving revenue of £2.18m. The forecast was £2m by the end of April.

Possibly part of the placement agreement. Maintaining orderly markets. How does that affect the thinking on selling short?

Not like you Sain, I thought you'd be looking for the most negative reasoning? Are you softening or do you still think everything is smoke & mirrors? Not sure what counts exactly as the float in regard to a companies shares but I also remember Hardman & Co saying back in September 2016 "We note a significant share ‘lock-in’ holding period expired in recent weeks, with the remaining lock-in expiring late 2016. A rising free float is to be welcomed."

Perhaps they were encouraged by the demand for the shares by the institutions? Perhaps they thought these shares are overvalued so we'll take some profits? Perhaps the whole thing is a castle built on sand ... Just bought back in. Too scared to be out. Too scared to be in :) In the meantime I'll carry on trying to understand what Zoopla is telling us with this data.

Different circumstances here but after the last placing news the shares went from £2.20 to £3.50. Interesting to see what happens today.

SP of £3.065 substantiated somewhat by 2 £500K trades earlier today.

Totally missed all the fun. I might be tempted at some point.

TTF, check out Rightmove's Price Comparison Report http://www.rightmove.co.uk/house-value.html and their Sold House prices http://www.rightmove.co.uk/house-prices.html under the "House Prices" menu.

I'll still be following PB. I might have a look at TelfordHomes or just stick to my index trackers - much less work :)

Sain, I think I owe you an apology. Just sold my shares. I could live to regret it but we'll see. I've been looking closely at the new listings on Zoopla and a lot of them seem to have been listed before. I could be wrong so everybody should do their own research. Zoopla seems to assign property numbers sequentially so for example 43192088 is a recent addition. However mixed in with what appear to be increasing numbers are some lower ones. I counted 51 lower ones from the total of 191 added in the last 24 hours. I'm not suggesting there is anything wrong with what is happening it's just my projections were based on the figures being a more accurate reflection of new instructions. A lot of the ones I checked appear to have at some point been Sold STC so I'm guessing Zoopla lists these as new if the sale falls through. Like I say, don't act on what I'm saying. Do your own research. 140 new listings is no mean feat anyway.

Countrywide's hybrid offering working despite having not silly TV adverts or even a memorable name... https://thenegotiator.co.uk/countrywide-hybrid-agents/ I looked at their offering a few weeks ago and thought they would fail because their branding was poor. "Austin & Wyatt" really doesn't have the same ring to it as PurpleBricks. They trialed with a few chains. They are claiming that it's gone better than they expected though "Results from its original trial brands from earlier in 2016 reveal that having a ‘hybrid’ option drove 11% more valuations, 18% more instructions and 9% more sales, all without impacting fee levels, the company says.". The platform that drives the offering across the different brands has so far seen 2,700 online accounts set up and 1,000 valuations booked online. “The launch of our digital sales pilot in summer 2016 has surpassed our ambitions and we have now accelerated the roll-out to more than 25% of our network,” says Chief Executive Alison Platt. I still think you need a better brand though and I can't see it not impacting their commission based income.

Thanks terrace, signed up for BarclayShare BARXdirect. I'll have to pay a monthly fee but I'll soon work out whether I'm going to need the data. From what I can see a lot of these fluctuations in share price are based on tiny amounts of share trades. 28 shares sold (presumably) at £3.155.

Anybody know the easiest/cheapest option to get real-time trade data for PB?

Looking at the volumes over the last 20 days the top 5 days all involve share price rises. Yesterday was probably the 6th highest in terms of volume with a decrease. Not an analyst but I'm not seeing much to support the short argument. Overpriced on fundamentals but tightly held by the looks of it.

> If I had been in the placement at 220 would I be tempted to take a near 50% profit Also, the subscribes will probably be tied in for a certain period to ensure an orderly market. I've been playing around with the barclayshare quote & deal system all morning and you can only pick up a few thousand shares before the price starts going up and they won't let you trade more than 10000 on most attempts. Selling is a different matter, offering to trade up to 25000 (that's as high as I tried) at around £3.18. As Ionic says let's see what happens when the U.S. traders get involved. It doesn't take much volume to move the shares one way or the other.