seadoc
07 Feb 2018
Re: anyone else with a short forced closd by... tft,Me too:"Dear Client,We are contacting you to inform you that the short borrow in Purplebricks has ceased and therefore we have to call back your open down spread bets.We have a deadline to buy back by close of business today. Any positions still open then will be bought back at market.This is being done in line with section 46 of our terms and conditions.Any questions please do not hesitate to contact us on the below number.Thanks,DavidDavid Corben Financials | Financial Trader +44(0)1727 895135 www.spreadex.com "So what that means? Not wanted back at the price loaned out and wants to sell now? Someone desperate for shares at above market price? Answers on a postcard please. Seadoc
thirty fifty twenty
07 Feb 2018
anyone else with a short forced closd by IG yesterday my short with IG was forced closed yesterdayit would seem like NW is calling the shots,in innocence maybe the lender wants the shares back so they can sell them?either way it is horrible to have such manipulationbut it does so they can in the terms - i just didn't think they ever would.....so any short position in any company they can close out with no notice!!why would i take the risk of any short again??how IG prioritise who to call first?i got no explanation as to why other than lender wants their shares backit all adds to the smoke and mirrors of PURP
dontlikenicknames
07 Feb 2018
Re: Sold out for now sucker.
NickDog
05 Feb 2018
Sold out for now Sold out this am at £3.96 against entry point of £3.50. No big investment though, just dipped my toe in. Think this is the future business model rather than the high street with its large overheads and fees but believe market sentiment at the moment will knock them further down. Would look to reinvest at a lower level once the dust has settled.
seadoc
04 Feb 2018
Made it onto w/e FT Lex page ... under the title of "violet disorder"Being an oldie I get mine at the corner shop so cannot give a link but I think I am allowed to précis one paragraph:There are two things PURP should answer. volume and speed of transactions... what it regards as "completed transactions"... customers might think twice about the fee.And ends with:"It needs to reassure investors it really is the success story they price it is."Regards,Seadoc
Stratocastor79
03 Feb 2018
New CEO [link] the new CEO left Countrywide after 26 years with them then that tells me he can see the future and a huge coup for PB!
Stratocastor79
03 Feb 2018
Under attack I take another view. Whats happening here is just the same as when the high street travel agents came under attack from on line retailers. If I had a chance to pay either £1000 up front ofmr £5000 on a no sale no fee basis (but they still charhe anywaybfor photos etc) I know what what I woukd take. Thats why we are seeing purplebricks boards up all over thebplace. This report has likely been sponsored nybtraditionalnestate agents who are hurting. Either way you cannot argue with cashflow theybare established. The dip is temporary.
arborman
02 Feb 2018
Re: i've problems downloading annual rep... Massively overvalued IMHO
thirty fifty twenty
02 Feb 2018
Re: i've problems downloading annual rep... many thanks Sea docdid you get that from the website?under which tab?below is Revenue recognition policy....."Revenues are recognised on the basis of the performance of contractual obligations and to the extent that the right to consideration has been earned and the flow of economic resources is probable.Fees earned on instruction of residential property are accounted for at the point of publication of advert to property portals, the point at which the Company’s obligations are complete. Where property particulars have not yet been published to property portals, the fees are recognised as deferred income and presented within liabilities. Conveyancing fees are accounted for on completion of the service being provided, being legal completion of the transaction. This may lead to the recognition of accrued income.Fees earned under lettings contracts are recognised on a straight-line basis over the term of the agreement and/or at the point of delivery of the service as appropriate.Accompanied viewings revenue is recognised when its receipt is assured over the period in which the Company fulfils its obligations."So they book instruction fee when the add listed!their own definition they have no cntractual obligation to help sell the property!i think their policy will be debated with new IFRS nest year on Revenue Recognition,and it certainly is not good, or consistent PR!!this could get fun...All IMHO, DYOR + BoLPURP is in my top5 (short)
seadoc
02 Feb 2018
Re: i've problems downloading annual rep... TFT,I think it is lack of competence rather than anything more sinister as the 2016 AR links fine:[link] to ps = yesRegards, Seadoc, (also well short).
thirty fifty twenty
02 Feb 2018
Re: i've problems downloading annual rep... thanks seadocglad i'm don't being totally stupid.i just cant believe they don't have annual report on the website???is this breaking any listing regulations?i have researched in detail previously and have all the number i needMV = 1.4bn profit = nilchart says classic head & shoulders top with false + failed break of necklinep.s. is TW = Tom W?All IMHO, DYOR + BoLPURP is in my top 5 (short)
seadoc
02 Feb 2018
Re: i've problems downloading annual report! tft,[link] that helps, Seadoc
seadoc
02 Feb 2018
Re: i've problems downloading annual report! TFT,Interesting indeed. I have the same problem. I tend to download reports rather than rely on a good connection but this is not one I have. I do have the summary if just specific numbers you need. Most strange, I have sent a request to TW, will let all on here know if I get a response.Regards,Seadoc
lindst
02 Feb 2018
the fall Good response by the Company to an ill judged report
thirty fifty twenty
02 Feb 2018
i've problems downloading annual report! anyone else finding it difficult to download annual report from their website???it seems to divert to other links and not as easy to find as most companies... strange and interesting!!
