Member Info for majortom1

In unconvinced it will make it in its current format.however I do believe its at a price that will possibly offer an opportunity for someone to come in grab the brand name and and straighten it out. Thats the only upside I can see.

Despite all the current difficulties this has to be worth 50p-assuming there is a big change in leadership

Lettings revenue is up 28% year-on-year to GBP 58.0 million. That is the issue PB no lettings as hasn't ever got that bit right by having the right person./no New Homes

Good. Lettings is of course a major part of it to be honest but that is exactly the point.Could be doing better though just like PB

I think PB will be acquired(AS) IMO and the brand used but thats only a gut feel.

I did say Minnie that extolling the virtues of the agent may come back and haunt you --hope you didn't lose too much

Its built on sand and has been form day 1

is this a take over target at this price ?

is this a take over target at this price ?

Too reliant on the secondhand market.Poor FS-poor lettings-Poor NH -no real plan All have recurring income for when the market dips and dives.that and all the other issues on it costs model makes it a very worrying time.Why work here when you can work at a more established brand that offers the same.Agree with earlier comments-the upper management is very poor and lacks credibility. Would have done well to go to the market offer 500k plus package and bag a proper all rounder in the industryi have bought in at this level as the brand is very strong and at this level is cheap.Someone could take it on and make it a great agnet IMO

Issue here is this will never return a dividend
Poor FS. Poor lettings. No New Home presence

It’s doomed I’m afraid -even for those that live in Disney land

Be careful what you post -you may end up looking silly very quickly

In June the price was 65P-with all positive on POB /demand and Tullows recent action on debt what makes it worth less than that? i was tempted at 50p barrier but I think it will go beyond 65p short term

https://propertyindustryeye.com/will-other-agencies-now-drop-self-employed-model/

basis of the business was to have self employed agents benefitting from the SE status. Cheap fees buying the bsuiness.We now have a move to employed and putting fees up-so-an estate agent then -wait for the massive talent drain. Its over IMO

I like the fact Tullow is below the radar in terms of negative press ref green agenda.Its looks ultra cheap to me

this is going to be a costly transition and employed wont work unless the fees increase.this business was built on attracting god agents who want to be self employed and charge a cheap fee. ALSO-a small factor-the volume of houses now coming to market is well done-so volumes will be down.Its a very tricky time for this brand and if they go this route they may as well join the High Street brigade. Wondered why Connells Group bought all those offices with a handy dollop of cash form the taxpayer whilst everyone else was saying online is the future--now you know

As the majors take a bashing its clear Tullow is under the radar.Can only be good news.

Its coming home !

Huge and I mean HUGE income month in June courtesy of the SDLT holiday. Next update on perf to date will be very rosy-watch this space,

Weak Senior management. A market that is shrinking.More new kids on the block.We forget PB was once the only serious player in this space. Traditional agents have had a great time during the pandemic but this is the height of it-its slowing already.
Foxtons to me looks a good bet if they get their strategy right.

I'm a novice-I do my own research but you guys seem to know all about it-how high will this go this year?

Take some profits or stay all in ?