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Purplebricks

March 2019

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • PURP
  • Price:
  • 135p
The shares initially fell before bouncing after Purplebricks said that whilst it expects UK revenues to grow by 15-20% to £86m-£89m this year, Australia has seen a lower level of instructions following the change in the business model to an all inclusive fee of US$8,800 at the end of 2018 whilst the US has seen a slower response to marketing and Purplebricks will therefore focus its future efforts on Los Angeles and Florida. Corresponding sales of those two territories are being guided down to £11m each this year.Canada remains on track and is expected to contribute £25m. Overall guidance for group sales is reduced from £165m-£170m to £135m, up from £88m last year. Management is being ...

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Purplebricks - Star performer in the wings (February 2019)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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