Member Info for milly1984

5 years max and purple bricks will either be sold or shut down and fair play to them they've made millions of £££s on the back end of private investors while Saving people thousands in estate agents fees hahahahahahaha what a joke if they are REAL ESTATE AGENTS are they governed by the property ombudsman ? NOPE they are not

I personally don't trust purple bricks as it's all smoke and mirrors but that's just my opinion

How long have you been on the market for ? If there is no sale in the pipe line you have no option but to reduce your property right? As you've already paid them a fee right ? So it will make you very unlikely to use another agent as you have already paid plus may I add your not advertise in the local places you live only on line and what market are you looking to sell to as you can only book viewings online correct ? You carnt call to book a viewing purple bricks tell you to go online also may I add most estate agents like myself work on a fixed fee I charge £1500 NO SALE NO FEE full after sales service same day viewings by us not the vendor and very very very rarely reduce a property in price so where purple bricks have got that they save vendors thousands of pounds is B***S*** so from what I can see from the market where I trade purple bricks signs are getting less and less may be and this is only my thought is whe the 2 CEOs are selling

That would be the vendors decision as people normally have 3 agents out if they choose to go with the height value agent how would that be our fault ???? In my area purple bricks on average reduce the property in value more than us high street agents and that's a fact when I do sales chancing with purple bricks it a night mare from start to finish every time my last experince with purple bricks I called them to ask about an issue with there sale and the guy in the call centre gave me all the contact details of his chain and he doesn't know what to do for me to call them and sort it out he said we've been paid so if you want your fee and the sale not to fall I should sort it out what a joke I must be honest on the face of it it sounds amazing but beep down it's set to fail plus the CEO is now taking millions of pounds FOR THEM SELVES come on they done the same with burchell Edwards estate agents built it up and sold it off 100% I can not see purple bricks round longer than 5 years

Are we talking about the same purple bricks because from what I've heard and experienced myself they take photos overvalue to win the instruction and then CHARGE YOU that's it nout else high street agents on the other hand work on a no sale no fee basis and we WORK for our vendors until it completes the and only then we get paid

Purple bricks is not like your heigh street agents like it advertise on tv all it is is a stepping stone to list your property on rightmove and zoopla nothing more nothing less

I'm a local agent and purplebicks made an impact on my area for a very very short time yes people was saving money but then word spread that once there property was listed purple bricks done very little to try and sell it and there after sales team is very poor if right move was to let vendors advertise direct with them selves purple bricks would end over night

To me like this is a get rich quick company for the ceos on the back end of private investors purple bricks on the face of it seems an excellent business model but whe you really look at it it's a joke the charge you to advertise your property there not interested if it sells or not at some point this will crash and the ceos would not give a dam

I'm out now if the CEO are selling then I'm selling sounds to me like a sinking ship and the captain wants off unlike a true captain stays with its ship on its journey

Makes me wonder why would the CEO start selling now just after a placing ???

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.

DW please release an asset RNS and shut jas123456 up have you not been reading the CEB history

Take it your not invested and gutted youve missed out on a massive CEB ride this is just the start dont be a hater and come on board and enjoy the ride with the rest of us we will have a nice xmas present this year when were around 2p