Not rocket science.there is lack of new property coming onto the market with huge hesitancy in the public for what ever reason.PB wont build market share in its current form and team.the only other it can make profits is to significantly up its fees-but its soon becoming a standard agent then and completely looses its USP.Even if they had a dream team right now it would be dead dog-not enough in the market to make this one spin.
So Sain-In your expert opinion just how can you make good money not charging a fee and relying on referral commission when we have seen Connells are running for the hills for being potentially being caught out for possible conditionally selling mortgages
In both Times and FT good articles on how few houses are coming to market. PB huge issue-no lettings buffer really-no new homes-I cant see it moving forward even if they grow market somehow a % of very little.Unless the market changes its a desperate time for PB.
I have bailed out of this-just too risky with an unknown property market ahead.I amy go back in if someone takes it on and there is a new board as I do think the brand has legs-problem is time is a killer to a brand under so much bad press and only swift action will protect it and keep those employees that are clinging on on board still. many of these having left very solid brands-although it has to be said the senior field management is extremely weak and that's part of the bigger issue here.Not something I would risk a months salary on currently not hitting 15p.
That was a bloody mess for sure and a strategic error but this is a self man man who runs a 140million to business that he owns lock stock and barrel and no debt so I’d listen to what he has to say IMO
PB is beyond recovery with no lettings or NH business to see it through the tight times
Massive pent up demand to get away to the sun.Gov will finish all controls on Covid by end of Jan. Feb half term get away will be stacked and already difficult to get to canaries in any decent hotel etc-I for one will be on that plane.
Most lithium comes from Australia or South America. Australian miner FireFinch said it would press ahead on a lithium mining project in Mali, partnering with China’s Jiangxi Ganfeng Lithium to invest $255m.