Purplebricks

If you are a shareholder in Purplebricks make sure your vote counts

Various publications have been reporting recently on plans by an activist investor, Lecram Holdings, to oust the present Chair of Purplebricks, Paul Pindar, after several years of value-destroying performance. A General Meeting to vote on the removal of the Chair and to vote onto the board a new director, Harry Hill (founder of Rightmove and ex CEO of Countrywide) will take place on the 19th December. The vote could be quite close and individual investors hold a significant proportion of the ...

On-Line Estate Agents and Crowdfunding

I was watching the BBC television news last night when a story appeared on the wonders of a 19 year old who was already alleged to be worth £10 million after developing an on-line estate agency called Doorsteps. Yes, it was great free publicity for the company. Bearing in mind the continuing debate among investors about listed company Purplebricks (PURP) I thought it was worth a quick look. Purplebricks has a stock market valuation of £950 million despite rising losses. Will the ...

Story Stocks and Purplebricks

Here is one New Year's resolution which investors might wish to adopt: avoid those "story" stocks! Paul Scott who writes a popular blog on small cap stocks for Stockopedia recently wrote "Above all, this year has taught me to stop chasing stories". He suggested it was a "virtually guaranteed way to lose money". He mentioned a few hyped up stocks that crashed back to earth in 2015 including Audioboom, Fitbug, Concha, Tungsten, Rightster and Torotrak. These are the kind of stocks that ...