Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Cyber, I only mentioned that the SP was on their advice to demonstrate that it wasn't the case that we had asked for it to be marketed at an unrealistic SP and that's why they were suggesting acceptance of the low offer. We know what a realistic value for the area/property should be. Also, this offer was made fairly early on and it was obvious their advice was driven by pure self interest to get a quick sale and the property off their books rather than what was in the best interest of the vendor judged against local market forces. They didn't even provide any reasoned justification for seriously considering the offer. (incidentally that buyer did subsequently make a much improved offer). Without guidance from family, some vendors on their own in this situation might have either felt pressured into acceptance of the first offer based on fear they might not get another offer or that the agent must know better.
She may not have "lost" anything financially but she is tied into a 16 week contract with these muppets which will have cost her the best selling time over the summer months. My post was to provide balance, in response to Sain's suggestion that a good local agent with their ear to the ground can add value to the transaction. A poor agent can have the opposite effect. Milly, you like to suggest that once the PB agent has you signed up and taken your money they don't care if you sell or not; if that were true and PB weren't selling then the public wouldn't be using them... Btw, your fixed fee boast doesn't represent good value on any property under about £120k, which would still apply to the majority in many parts of the Midlands.
A tale of the excellent value that the local agent is adding so far... The mother-in- law is currently selling a property in the Midlands, using a local agent on the High St. Initial property description was incorrect, full of spelling errors which we had to point out, number of bedrooms incorrectly described, so we're off to a flying start. Admittedly there was a flurry of activity in the beginning and some viewings which led to an offer which they tried to persuade her to accept even though £32k under SP; bear in mind the asking is £100k (which was on their advice). Conflict of interest anyone? Total lack of communication since; she learns of viewings via the neighbour, no feedback after viewings and informed of a subsequent offer which then transpired was for a different client's property! No wonder PB are gaining such traction.
What you need to appreciate cyber is that although milly claims not to be worried about PB as serious competition, invariably describing them as a "joke", her posts betray a deep-seated insecurity that they are in reality eating into her business. Hence why she spends a lot of time populating a BB on a share she's not invested in, slandering the company. It's understandable that she's worried.
Only time will tell as to how the Watchdog programme will affect PB's business in the short, or more importantly, long term, but I really do think you are exaggerating its influence. It was basically a few half wits wingeing about their own failure to read a contract properly. The SP hasn't fallen off the cliff as some were predicting last night and has held up well. Certainly the ii's wont be rushing to sell purely based on Watchdog
What a surprise. Milly's popped up and gone into overdrive with her usual "smoke and mirrors" conspiracy theories and slating the owners for selling some shares wanting to bank some profits (I still don't get what's wrong with doing that). You really should make a bit more effort to disguise your hatred of PB because you just come across as a green eyed monster. As for HSEA gloating over the Watchdog coverage and ****ging PB's ethics, it's frankly laughable. To me it's a bit like a pickpocket criticising a shoplifter. The Watchdog piece will be old news in a few weeks and forgotten about. What business doesn't have some disgruntled customers. It's how you deal with the complaint that matters. I thought Bruce came across quite well; I was expecting a polished, smooth operator but he started off a bit nervously, grew in confidence and handled the situation well.
And there has been some good trading volume over the last few weeks too. Hopefully it's only a matter of time before we're back to summer 2016 SP levels. Appearances on the riser board can't do any harm either to heighten interest.
Sain, I read somewhere recently that the California realty market is worth iro $8 billion p.a. If that's true while no one is suggesting that if PB make a success of it that it will happen overnight, but even if they make a tiny inroad into it, say 0.5% that equates to $40m p.a
Oh dear Milly. It is exactly that type of hubristic comment and your previous posts, coupled with a head in the sand approach which has allowed PB to gain a good foothold in the market in the first place and left HSEA where they are today. Woolworths and others spring to mind. Anyway, keep up the sterling work you're doing, it's helping PB no end...
Another (smallish) contract signed, but certainly a step in the right direction. Their Smartwall product is slowly but surely reaching a wider audience. 17 May 2017 Corero Network Security plc ("Corero" or the "Company") Corero secures second $1m+ SmartWall customer Corero Network Security plc (AIM: CNS), the AIM listed network security company, is pleased to announce an additional order of $0.5m for its SmartWall® Threat Defense System ("SmartWall") from the US-based international hosting provider that initially placed an order of $0.7m in March 2016. With this latest order, the top 10-ranked provider becomes Corero's second $1m+ SmartWall customer. The order provides additional DDoS mitigation capacity for this growing customer with over one Terabit of SmartWall DDoS mitigation capacity. In addition to the one time purchase amount of $0.5 million, the recurring revenue from this contract now exceeds $0.5 million per annum. Corero's target market for its scalable SmartWall solution includes service providers and hosting providers, w hose businesses are seeing strong growth from increased Internet connectivity and Cloud infrastructure demands from their customers. This in turn drives demand for incremental DDoS protection.
Should represent a massive marketing opportunity for CNS to gain some much needed exposure if they get its PR machine cranked up. I see many cyber protection shares are up this morning. C'mon Corero!
04 May 2017 Purplebricks Group plc Full year trading update Strong trading in spring market, good strategic progress Purplebricks Group plc ('Purplebricks' or 'the Company'), the leading hybrid estate agency providing a new way to sell, buy or let property, today announces a trading update for the year ended 30 April 2017 ahead of reporting its final results on 29 June 2017. Trading in the UK has been strong, with year-on-year instruction growth in the second half of the financial year up 83%. As a result the UK business is expected to record an adjusted EBITDA profit for the full year, building on the UK's £0.3m reported adjusted EBITDA in the first half. Progress in Australia continues to be very encouraging with recent launches in Perth and Adelaide, adding to the existing states of New South Wales, Victoria and Queensland. With average revenue per listing exceeding A$5,000, Purplebricks estimates that Australian customers save an average of over A$12,000 in estate agents' fees when compared with a traditional commission structure. The recruitment of high quality Local Property Experts (LPEs) remains a central element of the strategy. At the end of April there were 525 LPEs, of which 448 were in the UK (32 having just graduated at the end of April) and 77 in Australia, exceeding the target set in January 2016 of 360. Notwithstanding the rapid growth across the business, customer service levels have remained strong. In the last 12 months the number of Trustpilot reviews have risen from 5,000 to over 17,100, with the average score edging up from 9.4 to 9.5 out of 10. With continued progress across the business the Company is on course to meet the board's full year expectations. Commenting on the update, Michael Bruce, Group Chief Executive, said: "This has been a year of great progress across the board. The UK business continues to go from strength-to-strength and the decision to increase marketing spend in the spring market has been successful. We have demonstrated that the business model works, with the first expected full year profit in the UK, while our early success in Australia highlights our ability to execute and the broad appeal of the Purplebricks customer proposition. "US plans are progressing well, and our learnings from rolling out in the UK and Australia, coupled with the recent £50m fund raising position us well for a launch in the second half of 2017. We are confident in our future and excited about our global opportunity."
24 April 2017 Corero Network Security plc ("Corero" or the "Company") Result of General Meeting O n 6 April 2017, the Company announced a condional P lacing and Subscripon to raise up to approximately £5.6 million before expenses by the issue and allotment by the Company of up to 112,000,000 new O rdinary Shares at the P lacing P rice of 5 pence per O rdinary Share to certain instuonal investors, the Concert Party and other investors. The Concert Party consists of Jens M ontanana and Andrew M iller, both directors of the Company. O n 6 April 2017, the Company also confirmed it had posted a circular containing a noce of General M eeng to shareholders of the Company seeking approval of the Transacon. The noce of General M eeng contained a W hitewash Resoluon; a resoluon seeking to give authority for the Directors to allot the New O rdinary Shares; and a special resoluon dis-applying statutory pre-empon rights. I n accordance with the requirements of the Takeover Panel for granng a Rule 9 Waiver, the noce provided that the W hitewash Resoluon would be taken on a poll of Independent Shareholders. The Company can confirm that at the General M eeng held earlier today the W hitewash Resoluon, concerning the waiver of obligaons under Rule 9 of the City Code in connecon with (i) the proposed subscripon of Subscripon Shares by Jens M ontanana and the Concert Party; and/or (ii) the exercise of any C P Share O pons (being any Exisng C P Share O pons or New C P Share O pons), was passed by means of a poll of I ndependent Shareholders. Further, both other resoluons were also passed. Admission of the 112,000,000 New Ordinary Shares is expected to occur tomorrow at 8.00 a.m. on 25 April 2017. The Concert Party on Admission will in aggregate hold 139,091,437 O rdinary Shares of the Company represenng 44.1 per cent. of the Company's Enlarged Share Capital at that date. Further if both members of the Concert Party exercise their rights under both the Exisng C P Share O pons and New C P Share O pons (which will be granted shortly) in full, and assuming no other O rdinary Shares are issued by the Company following the date of this announcement (except for the New O rdinary Shares), then the Concert Party would have an interest in the Company of 144,925,437 O rdinary Shares represenng 45.1 per cent of the Company's issued share capital at that date. Full details of the Concert Pares interests on Admission and potenal interest in O rdinary Shares if both members of the Concert Party exercise their rights under the CP Share Options are set out below: Director Number of new Ordinary Shar
Are we FINALLY getting our act together with the contracts and turning the corner? Near 70% increase in SP in the last 3 weeks... 19 April 2017 Corero Network Security plc ("Corero" or the "Company") DDoS protection "as-a-service" contract win Corero Network Security plc (AIM: CNS), the AIM listed network security company, is pleased to announce that its SmartWall® Threat Defense System ("SmartWall") technology has been selected by a Global Tier 1 Internet service provider to deliver a new DDoS mitigation security service. Corero has signed a multi-year SmartProtect agreement to provide its SmartWall products and SecureWatch services as part of the roll out of DDoS Protection as a Service (DDPaas) to the service provider's customers. SmartProtect is Corero's comprehensive solution for enabling DDoS Protection as-a-Service (DDPaas). SmartProtect is designed for the broad ecosystem of service providers - hosted, managed and ISP - giving operators of all sizes the capability to deliver high-value, premium DDPaaS to their customers, with an attractive economic model. The contract provides for Corero to receive a share of revenue generated by the service provider for subscriptions to the new service. This service provider operates one of the world's Tier 1 IP networks and provides IP transport, MPLS transport services, managed services, voice and unified communications to enterprise, government, and carrier customers in over 100 countries. Ashley Stephenson, CEO of Corero, commented: "This contract win is a strong endorsement of the competitive leadership of SmartWall and the compelling commercial benefit of our SmartProtect program. Delivering large scale DDoS mitigation with an economic model that is aligned to the success of selling DDoS protection security services is a win-win situation for Corero and the service provider. We look forward to working in partnership with this provider as the service rolls out over the coming months to its significant customer base."