TheCountOfNowhere Posted May 17, 2023 Share Posted May 17, 2023 (edited) On 31/07/2017 at 11:48, ftb_fml said: Happy for the more experienced share-dealers to shoot me down in flames, however does now not seem a potentially good time to invest in this company? The amazing thing about this post is that it nailed THE very peak of the PURPLE BRICKS share price 498.5 on July 21st 2017. Down 99.998% since then. You couldn't have picked a worse date to invest in PURP. Wonder if the OP was trying to ramp the shares. Edited May 17, 2023 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
PropertyMania Posted May 17, 2023 Share Posted May 17, 2023 1 hour ago, TheCountOfNowhere said: The amazing thing about this post is that it nailed THE very peak of the PURPLE BRICKS share price 498.5 on July 21st 2017. Down 99.998% since then. You couldn't have picked a worse date to invest in PURP. Wonder if the OP was trying to ramp the shares. well whenever you invested, you'll end up with zero! Quote Link to comment Share on other sites More sharing options...
BaldED Posted May 17, 2023 Share Posted May 17, 2023 I wonder if the fate of PB will be added to the list of discussion in the casualties in a falling housing market in several years. Quote Link to comment Share on other sites More sharing options...
Locke Posted May 17, 2023 Share Posted May 17, 2023 1 hour ago, PropertyMania said: well whenever you invested, you'll end up with zero! Unless you invested in shorts Quote Link to comment Share on other sites More sharing options...
Huggy Posted May 17, 2023 Share Posted May 17, 2023 They think it's all over...... Purplebricks snapped up by rival Strike for £1 https://www.bbc.co.uk/news/business-65623561 ....it is now. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted May 17, 2023 Share Posted May 17, 2023 9 minutes ago, Huggy said: They think it's all over...... Purplebricks snapped up by rival Strike for £1 https://www.bbc.co.uk/news/business-65623561 ....it is now. Some of the strike listings are crazy prices, local agents are asking for the moon, but strike are asking for London prices in Inverness. Quote Link to comment Share on other sites More sharing options...
Huggy Posted May 17, 2023 Share Posted May 17, 2023 3 minutes ago, TheCountOfNowhere said: Some of the strike listings are crazy prices, local agents are asking for the moon, but strike are asking for London prices in Inverness. The Rightmove index needs to get it's 'positive' house price news from somewhere Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted May 17, 2023 Share Posted May 17, 2023 3 minutes ago, Huggy said: The Rightmove index needs to get it's 'positive' house price news from somewhere I'm starting to get sick of this housing bubble. There seems to be no end of it. If there is a "wage price spiral", my savings are going to disappear quite quickly. I think this October is when we will buy a house, I hate to think which might come next. Quote Link to comment Share on other sites More sharing options...
Armus Posted May 17, 2023 Share Posted May 17, 2023 The £3m a month spend seems absolutely ludicrous for a company of this nature. Quote Link to comment Share on other sites More sharing options...
Will! Posted May 17, 2023 Share Posted May 17, 2023 I think yopa might be the next PurpleBricks. https://www.yopa.co.uk/ Quote Link to comment Share on other sites More sharing options...
Crowed Posted May 28, 2023 Share Posted May 28, 2023 On 11/05/2023 at 15:36, Notting Hell said: If I wanted to open a trading account today, what is the cheapest/easiest/quickest way to short this junk on margin? Hoping you didn't short them... https://www.thisismoney.co.uk/money/markets/article-12129339/amp/Top-shareholder-sparks-bidding-war-beleaguered-Purplebric.html Quote Link to comment Share on other sites More sharing options...
captainb Posted May 28, 2023 Share Posted May 28, 2023 1 hour ago, crow said: Hoping you didn't short them... https://www.thisismoney.co.uk/money/markets/article-12129339/amp/Top-shareholder-sparks-bidding-war-beleaguered-Purplebric.html I always find these funds putting offers in last min interesting Yeah it's only 1.5m but they know what the cash burn is ... If they had such bright ideas to stop the slide why didn't they share them before? Maybe too cynical. Sale to competition at least allows restructuring and synergistic savings Quote Link to comment Share on other sites More sharing options...
Crowed Posted May 28, 2023 Share Posted May 28, 2023 Don't get me wrong, I think pb is doomed in the long run - I was more calling out the risks of shorting. Shorts are essentially loans - where you borrow a share from someone, sell it then hope to buy it back cheaper at some point in the future. All the while paying some level of interest to the original share owner (which is what stops you waiting indefinitely for the share price to fall). So your two risks are 1. That due to some information you are not privy too, the shares will increase in value soon or 2. That you will end up paying more in interest in the share loan, that you've made by shorting a stock that does fall. Shorting is not for most people, and most of the shares apps let you short for just the cost of the interest, not the share itself, so it is easy to take on a very big position and be on the hook for a lot of money. I think these shares will drop - but in theory that risk is already baked into the current share price. Quote Link to comment Share on other sites More sharing options...
Aidan Ap Word Posted June 2, 2023 Share Posted June 2, 2023 And just when we thought things couldn't have gotten worse for PB ... https://thenegotiator.co.uk/purplebricks-takeover-bid-withdrawn-as-finances-worse-than-expected/ ... they all had hope for ... well, all of 5 days ... Quote Link to comment Share on other sites More sharing options...
Armus Posted June 2, 2023 Share Posted June 2, 2023 5 hours ago, Aidan Ap Word said: And just when we thought things couldn't have gotten worse for PB ... https://thenegotiator.co.uk/purplebricks-takeover-bid-withdrawn-as-finances-worse-than-expected/ ... they all had hope for ... well, all of 5 days ... Strike probably pulled out because they realised they were getting roasted for how monumentally stupid it would be to go through with the takeover. Quote Link to comment Share on other sites More sharing options...
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