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Purplebricks could be the next investment to go sour for embattled fund manager Neil Woodford. The forecast has come from analyst Lucian Miers. Writing on the ************* website, he declares a “short position” in one of the shares mentioned in his article. Miers says that Woodford’s judgement “seems to have deserted him”. Due diligence is, says Miers, “likely to be far more thorough when investing in quoted companies than in unquoted ones”. He goes on: “Purplebricks, where Woodford invested pre-flotation, springs to mind where clearly any due diligence has been rudimentary to put it mildly.” Miers concludes: “Returning to Purplebricks, human nature is such that as a self-employed agent who is paid a fee the day after you have agreed to try and sell someone’s house, your incentive to do anything other than slap it on Rightmove has clearly got to be a great deal less than that of a rival estate agent who doesn’t get a dime until they have flogged the property. “This is the principal reason that the business model is never going to stack up, and why I believe Purplebricks is the next shoe [sic] to drop in the crumbling Woodford empire.”
I agree with you there they just pee me off that they say they are the best thing going when I say smoke and mirrors I mean they over sell them selves to with instructions which leads to a faulse market and a lot of down vals I'm not bitter against them but I haven't got millions of pounds to abvertise on TVs to slate my competition with faulse claims so HERE I AM TELLING YOU THE TRUTH AND WHAT I KNOW
Please remember the guys who own purple bricks used to own burchall Edwards who sold out to country wide not that long ago so they carnt slate the high street agent as they are one
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Height street agents have had a beating from purple bricks with faulse claims they they can save thousands of pounds which is a LIE this share is just a traders platform nothing more the company is a joke and like I've said many times I give it 5 years and they will be gone it's not a sustainable business
Looks like the CEOs timed there sells right hhmmmmmmm
Here comes the £3 a share like I said next stop £2s
3% down again oooo dear
Can see this at £2 a share by end of next month as we all know this company is way over valued
I personally believe people are starting to see this company for what it really is hence all the large sells almost daily now
#truthhurts #droppingshareprice #daily #itsallover
#sinkingship
#touchytouchy
#justsaying
People not in the know in this leaky leaky company lose 60% of vendors who have already paid to sell there property who still haven't sold lose the only winners here are the ceos and there mates
Back in the £3s soon wonder why hhmmmmmm maybe because the ceos are continuously sell orrrrrrr because of watch dog oorrrrrrrr because they are still yet to make a profit ooorrrrrrrrrr because people are starting to click that this is just all smoke and mirrors to make the ceos rich
Well that's £1 off the share prices in 3 weeks not looking good here I must say
Has she paid them upfront ???? So she hasn't lost anything then unlike if the same happens with purple bricks you lose as you have already paid them
I work on a fixed fee £1500 inc vat on a no sale no fee so not all agents charge 1 , 2 , 5% as purple bricks would want you to think