seadoc
02 Oct 2017
Re: Good update soi,Thanks,Seadoc
soi
01 Oct 2017
Re: Good update seadocYou`ve lost me on referring yourself to a donkey, no matter.The update read OK to me at a glance, the market liked it, although the sp rise was sold in to but did finish about 4 % up.Progress was good for me as I managed to sell 2 share tranches and close 6 long positions in a day. Making in excess of 50 trades in a month.In my Top 3 best trading equities The sp is volatile, that`s useful for a short term trader.I mostly trade it long ( entering on dips ) although have also shorted it.Longer term have no view either way.re Spread EX, nope don`t use them , already have 3 derivative brokers.Glanced at Spread EX, their spread on one instrument I trade is 50 % higher than the provider I mostly use and a stunning 104% higher on another.I have no idea what their spread is with PURP. Could be OK.Seems straight forward enough to open an account with them.GL whatever you decide.soi
Eadwig
29 Sep 2017
Re: PB USA Yes, I've looked at it, but I can't understand why that 700 number doesn't shift. I'm obviously missing something. See my post on the 21st below for the thousands of properties actually listed in the L.A. area when you search by county. If you can bothered to search to see if they have changed, please do post up the results.The hottest property areas in the USA have an average listing of 30 days, by the way, which is LONG compared to UK hotspots. There may be some reason for this within US real estate law which would would also explain why that number of 700 hasn't changed at all, but I really don't have the foggiest idea.You'd expect the number to have changed over more than a week no matter how well or badly the US site was doing - so maybe there's a technical problem with the site.I wasn't very impressed with the user interface when I was playing with it, I must say.
seadoc
29 Sep 2017
Re: Good update I am not alone:[link]
seadoc
29 Sep 2017
Re: Good update soi,And I am a donkey, unless I have not understood and they have not announced that: Trust pilot say we do well and all recent raising is funding expansion in US. It will be interesting to see what SCVR make of it.I would short this but do not have the wherewithal to do so. Anyone joined Spread-EX?Regards,Seadoc
Eadwig
29 Sep 2017
Re: Investment summary pyueck, Wed 17
3 "Hi thinking of investing but before I do so was hoping somebody could do all my research for me."How do you do that? >>>>RNS Thur 070 "Trading update": Trading in the UK and Australia remains on course to meet the full year guidance provided at the Final results in June: revenues of £80m for the UK and £12m for Australia. H1 revenues in the UK are likely to be more than double the same period last year and many times ahead in Australia, although they had only been trading two months in the comparable period. Local Property Experts have recently increased in the UK from 540 as at 29 June 2017 to 640 and from 77 to 100 in Australia.On 15 September 2017 the Group launched into the $70bn US real estate market, commencing a region-by-region rollout in the city of Los Angeles. The launch date was ahead of plan and has gone smoothly.Valuation appointments went live on 24 September 2017 as we always allow time for LREEs to build up appointments in their diaries in advance of them completing their intensive training programme. Local management and central teams are fully operational in California and New York [News to me - Eadwig], working alongside the LREEs to help and advise customers 24/7.The Company is well funded with over £64.9m of cash and no debt as at 30 August.
 Interim results for the six months ended 31 October 2017 on 13 December. Michael Bruce, Group Chief Executive, said: "Launching into the US market is an important and proud moment in the Company's three year history.We will continue to invest in infrastructure and teams to support our rapid growth, while our focus will remain on providing an excellent customer experience. We are relentless at working to ensure we understand our customers' needs and meet their expectations and are proud of our 27,000 Trustpilot reviews and our NPS score of +80. Considerable progress has been made across the Group in the financial year to date and we are confident in our future and in meeting the Board's full year expectations."
soi
29 Sep 2017
Good update HiSounds good, making decent progress.ATBsoi
pyueck
27 Sep 2017
Investment summary Hi thinking of investing but before I do so was hoping somebody could do all my research for me.I would like to know:a) Growth rates last 3 years, both in terms of transactions and revenues. I would like both percentages and GBPb) Competitors in online estate agents, both in the UK, North America and any other major player globallyc) I hear there has been some negative press recently, please sum up in a paragraph, along with analysis of potential impact of businessd) Experience of management, are the founders still involvede) Profit for the last 3 years, EPS and any comments from management on future expectationsf) A summary of their strategy in North America g) Anything else you think I should know (one paragraph max)I would be grateful if you could keep the response succinct and use the headings above. Please do not reply with your opinion, just keep to my points. Appreciate your help.
admiralty12
25 Sep 2017
PB USA The number of PB properties in CA has remained steady at 700. It has been this number for a week. I would have thought it might have moved one way or the other by now, but I dont know how often new properties are put on - whether in batches or as and when each are put on the market. Perhaps I am missing something here, has anyone else looked at this?
Eadwig
25 Sep 2017
Re: Purplebricks USA 30,50, 20Sorry about getting your handle wrong in the earlier post.I've seen your later posts now and you are looking ahead to 2020 predictions, which is exactly what I think you should be doing if looking at market price multiples.Personally I'd be very surprised if PURP aren't already in at least one more lucrative market beyond the USA by then, probably two or three more. As you've pointed out, its not a hard business to replicate and they're only hope for market share is to keep pushing, I would suggest. I'm quite sure they're aware of that.I questioned PURP's decision to go into L.A. first in USA in a previous post. One of your posts reminded me of something though, which might well have motivated them. L.A. and San Francisco had the greatest number of consumers prepared to convert to online retail - and sites that have never taken off in other places are still heavily used there.I don't know how current that info still is. I have no doubt the once very large gap between those two cities and others has closed as online retail has become more common place. I wouldn't be surprised if they are still ahead though.The first property I was ever aware of someone buying online was my ex (living in Monrovia, in The Valley, L.A. at the time) who bought a property in the Bahamas for her mother - without ever visiting it.That was around about 2001 and I think she spent $330,000 from memory.Not that a single action means anything, but just thought I'd mention it. Also, when I was living in L.A. around the same period, Craig's List was used for buying and selling locally far more than E-bay or Amazon which again, perhaps, shows that area's openness to new online commerce.Just a few thoughts.Eadwig
Eadwig
25 Sep 2017
Re: Purplebricks USA 30,20,50, "what sort of value to you put on PURP USA?"I don't, as I already described. I really have no interest in anything but the share price.I think your analysis might be slightly flawed in only looking at next year's sales, by the way. When valuing a growth company you always have to be looking three years ahead. That's what (at least some of) the market is doing, I'm sure. I mention it only because you appear to be very focussed on it.Having said that. The volatility in PURP is such that there is more than enough room for longs and shorts to make money here. I really don't worry about the value. Its not like I'm investing for the long term. As soi said, its all about the tape. I guarantee you while you've been working out value multiples he's gained points on a dozen long and short positions.However, he has his own approach, as do I and as you clearly do as well. Each to their own and I expect all traders to come out winners here while the volatility continues - and I don't see it stopping anytime soon.Eadwig.
thirty fifty twenty
24 Sep 2017
the facts behind on line market share PURP talk a lot about their share of the on line market but I've not found it stated how the on line market is growing.from their dec 16 presentation they have 50% of the on line share in Q1 2016.in April 2017 they stated it was 72% so that is growth of 45%their total instruction over that period grew 106%which implies the on line market is growing at c.44% a year (1.45 * 1.44 = 2.06)forecasts touted to 2020 I think have UK revenue going to £220m which is 120,000 instructions i.e. a growth of 3 fold from today (40% p.a.)so this requires the growth of the online market to increase and also that whilst doing so PURP maintains its market share.I would love to know how those 2020 number break down into total UK market size, % on line and % market share assumed for PURP?Anybody have better info?All IMHO, DYOR + BoL
The Oil Boiler
23 Sep 2017
Re: bull-paul-scott-vs-bear-lucian-mears At least these guys can respect one and others point of view. I tend to agree that there is no room for bad news in the current valuation. I still hold quite a few but have sold more than my original investment as the price trebled. My next move will depend on the trading update on the 29th.
seadoc
23 Sep 2017
bull-paul-scott-vs-bear-lucian-mears [link] 36 mins for a listen, Regards, Seadoc
thirty fifty twenty
22 Sep 2017
Re: PURP - does it trust the public? hi kiama - I don't understand your comm
