Member Info for jamesmaggs

Hi Riddler and Harry, thanks for reassuring and that’s a good point on low revenue as a year ago you couldn’t give the stuff away and despite everything the oil price has doubled and I’m sure at some point the market will price in the ‘green creds’ here, frustrating when you believe in a company and patience is somewhat tested at times!

What I don’t understand as a LTH is why we are where we are SP-wise against all the positives and why the directors arn't updating us as to why a decent company has gone from pounds(yes pounds!) to pennies with these positives…very trying!
I’ve been a company director as well as a sole director in my own company for twenty odd years and if I’d ever been listed I’d have taken more interest in the PR and SP if I was listed I’m sure!
Anyway rant over, look forward to positive contract or whatever news and a much higher SP than today!
It’s been a few years now since we had a divvy and I’m looking forward to the next one! GLA

We’re on top of a rise where we are but put the van etc in a dip. A few years ago we dug some dew ponds out (with a six tonner) and ended up with a couple of big holes and loads of rock….no water…AA could come and get some stone for his dry walls!!

I agree, the adverts are cringe-worthy but keep the ‘hate proper agents’ theme!

https://www.estateagenttoday.co.uk/news_features/Radar-Homes-management-company-in-liquidation

Hi KOsh, We’ve all seen a few come and go, I’ve got a share certificate somewhere for Radar Homes, do you remember them?
PB strategy I understand (albeit it grudgingly) in the sense they started as disrupters and had the financial backing to gain traction a bit like Darlows etc etc who specialised in tapping up the insurance/ lenders but it just feels like a ‘let’s do it again’ with Boomin to me and it’s a crowded marketplace?

Like all these things the agents will follow the pack I guess, buying market share all very well but sooner or later the revenues have to flow in rather than out!

Hi Sain, apart from anything I just think it’s a stupid name for a portal, maybe that’s the point but I can’t see vendors badgering their agents to see if it’s on there yet!
Off topic, I also think the new name for standard life aberdeen is stupid and whoever paid that management consultants for that one is about as effective as a CPL working an unregistered title!

Par for the course!

My normal excuse is rain but we’re a bit exposed here so it’s the cold wind and damp too today!!
We’ve got an old caravan and spend more time in it than at home!

Afternoon all, decided to do a bit of daytime watching as I’m bored of cementing in slabs plus wary the cement might not cure properly this late….in other words it’s cold and damp out and I can’t be arsed!
I have to say looking at things I hold like VOD,tcap, and loads of other examples it does all seem undervalued!
If I’d suggested 8% yields on mainstream stuff a few years back it would have been laughable now it’s take your pick!

I used to hate Rightmove as the charges went up all the time but they offered a genuine goodwill gesture to their agents when the pandemic kicked off and I find the site easier to navigate than Zoopla and OTM. I heard somewhere that Boomin was hated and the one everyone would like to see fail.
The thing agents hate most apart from people who pull out the day before exchange is feeling obliged to fork out for yet another advertising medium!

It’ll move the market but I’ve just added a few lol. If it goes into the twenties I’ll add a few more(don’t please!!). I’ve convinced myself there’s value in the name even though I think there’s lots against them for all the reasons previously mentioned.

Hi Jed, as far as I’m aware the ‘Boomin’ set up is just a portal with investors much like when Rightmove started they had Countrywide etc as significant holders but was set up by the original PB guys.
Since we’re entering the quiet zone on new movers I guess we won’t know till Springtime which way the market will go on instructions and my hesitation really falls down to the fixed fee aspect because unless volumes increase for whatever reasons I see this holding them back?
On another tack, the brand itself is quite interesting,love it,hate it or with no opinion either way, the actual name must be of interest to someone or other whether they’re burning cash or not which is why I’m still holding and choosing my moment to add a few more!
Difficult with shares as we all want to make money but I always struggle with putting my hard earned into anything that doesn’t pay a divvy unless I’m really convinced!
Anyway happy to debate the issue with everyone.

Hi Caveman it’s certainly a hot potato by the looks of it on here!!
I must admit I’ve always hated ‘order taker’ rather than deal maker agents in whatever format and now I’m thankfully retired from the game I’m not particularly biased so only looking at the investment side of it and whether to average down tbh!!
This instruction problem as you say is across the board and the cake always shrinks this time of year as we know.
I’m normally not this hesitant with shares but….!
I don’t think the ambulance chasers will get far because most people don’t want that on their CV?
It’s such a niche business and big business attitudes rarely work…ask the Pru!
I’m watching with interest….GLA

The way I see it, two reasons to buy shares, investment or speculation.
On the latter it’s definately ‘punt territory’ but from where and to where…if only we knew! Big drop and like anything involved in housing lots of attention, interesting one.
On the former my biggest concern is how much cash they’ll burn before instruction levels improve and instructions are their income source because I don’t see spin off referall fees amounting to much at the best of times.
Stock/instruction levels are low because of the time of year,most people just don’t want to start a process this close to Christmas,they never do.
Tail end of a boom, most potential movers sitting on the fence for all the reasons and as a result less stock because instructions breed instructions.
That’s about as objective as I can be if it helps anyone.

Good luck mate

https://propertyindustryeye.com/purplebricks-agents-will-pursue-litigation-against-online-agency/

I’ve already got a token holding of them but I’m sitting on the fence to add because they’re still perceived as market disrupters by the establishment which is enjoying seeing them get a good kicking plus they’re facing some ex employee trouble a bit like when Uber converted their self employed ones over. I’ll find the link and post it here. What you have to remember is that they’re essentially a listing operation rather than sales focused which doesn’t bode well with the market tightening up.

Not sure that link worked but if you google house prices summer of ‘88 you’ll probably find a few references to where we are now. My hunch is stable and boring will win through,rapid moves up or down in housing causes too many fall throughs because as we know it takes soooooooo long to exchange!
Anyway cheers for the chat and links,might mate and all