Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
I'm doing just fine my friend Im 32 and have owned my own estate agency and letting agency for 7 years now have have done extremely well turning a profit on average of £300,000 per year purple bricks will not turn out like you all think height street agents will never disappear some will close down I agree I also own 3 care homes for mental health which I am focusing on at the moment if I was to sell up I'm in a position to never work again but I love what I do my estate agency charges £1500 inc vat on a no sale no fee I'm local and I know my area unlike purple bricks
And what would the fee be then ??
Why aren't purple bricks and it's local property experts apart of the property ombudsman ??? I would be worrying if I was to sell my biggest investment once I pay my £849 to advertise not sell I'm in the lap of the gods because once they have been paid they won't give a hoot about your or your house plus you carnt complain to anyone
Corruption at its best all smoke and mirrors
Wait there I'm just about to phone purplebricks to book a viewing ................oooo hang on I carnt I have to do it all online
Why are the ceos selling millions of pounds worth of shares then ????? Hahahaha
Hahaha
What profit does PB make ? I give them a couple of years max before the ceos start up another company
Haha yes mate they make the customer lose money as I have had 3 new instruction this week from people on the market with purplebricks as they are unable to sell there property so they have LOST MONEY. Correct ????? I work on a no sale no fee basis so how can I make them lose money ???
Cyber. Also may I add purplebricks don't save the customer a single penny as they charge to list a property not sell a property so in a lot of cases purplebricks makes the customer LOSE money
It's not wishful thinking mate it's a fact without rightmove and zoopla purplebricks are nothing
Yes I am cyber but if you was to do the numbers look at how much rightmove make off high street agents if purple bricks are to take over like people say then right move would have no business correct ? So it wouldn't supprise me if in the end right move and zoopla say BUY BUY
Not what I've been reading this morning time could be limited for purplebricks if they get kicked off may be that's why the ceos are selling
All this talk of rightmove and zoopla dropping purplebricks from listing there property's on its sites?
Michael Bruce, CEO of Purplebricks, this morning cashed in some 3.6m shares in the company. The shares were held by his wife Isabel. CEO Bruce will still hold an interest in 37.7m shares, or a 14% stake in the business. The result of the book build of altogether some 7.9m shares was announced this morning, and at £3 per share the Bruce couple pocket £10.9m. Michael Bruce’s brother Kenny, co-founder of the business, picks up nearly £6.5m from the sale of 2.1m shares. The announcement of share sales by directors and senior managers was made to the stock exchange after the close of trading yesterday. Chief financial officer Neil Cartwright and independent non-executive director William Whitehorn are also selling – 1m and 250,000 shares respectively. Also selling shares are five non-main board directors, but described as ‘persons discharging managerial responsibilities’ at Purplebricks. Kenny Bruce, in charge of sales, has sold just over 2m shares, bringing him in around £6.4m. The others who have sold smaller amounts of shares are finance director Matthew Farrow; marketing director James Kydd; chief information officer David Shepherd; and chief technology officer David Kavanagh. In a lock-out, none of the sellers “and their connected persons” will be able to sell more shares for six months. In total, up to 7.9m shares in Purplebricks have been sold, equal to 2.9% of the company. It was also announced to the stock market yesterday that Woodford Investment Management, which had held 28% of the shares in Purplebricks, now holds a 26.5% stake following the admission of new shares on Monday this week, and the consequent dilution if Woodford had not fully taken part in that placing. Yesterday, shares in Purplebricks closed at 303.75p. The company has only just raised £50m for its American operation at 220p, so this latest successful share placing at 300p provides an indication of the appetite by institutions for further investment. At £3 per share, the business has a market capitalisation of £750m.
Hahaha that's funny purple bricks doesn't worry me 1 little bit I'm an estate agent and purple bricks is set to fail hence why the CEOs have sold over £17 million worth of shares there saving vendors thousands of £££££s on fees whilst robbing millions of £££££ s off private investors
When the CEOs will sell the rest of there shares now the sp is dropping tut tut
I'm the smallest estate agent in my area and I'm the only 1 others contracts with 5 major house builders in the country along with repo and probate contracts a lot of my business is word of mouth I've never lost an instruction to purple bricks high street agents fees are focused on the big guys YOUR MOVE , DIXONS just an example who do charge a lot there are plenty of independent agents out there who do work for our vendors so it really pi**es me off when purple bricks compare them selves to me it won't be too long before they have a call centre abroad to keep costs down same as EE did what's the vendor going to do then why they call up and have no idea what they are saying just like EE ???? Because if there business keeps growing the staffing costs will always out way there fees 100%
If anyone has deep pockets and would like to invest in me and my estate agents I would be more than happy to go though my plans with you
I totally agree with you it is the high street agents fault purple bricks are where they are I set up 6 years ago with a mere £15000 I must off been crazy 6 years on my company is now worth around £600,000 and I'm a market leader in my postcode are where there are 16 trading agents with a fixed fee of £1500 and an average of 10 days marketing a property before it sells when I set up the other estate agents never had a clue to why I wan doing so well if I had the backing purple bricks have my estate agent model would be a lot further abvanced to what purple bricks are at present