Purplebricks’ share price shot up at one stage on Friday to reach a new all-time high of 378p, which meant its market capitalisation at one time topped £1bn.
But the share price then retreated and finished the day almost unchanged at 350p – valuing the firm at £947m.
Meanwhile, an analyst has suggested that Purplebricks’ shares could be undervalued, using several methods of scoring that investors typically use:
https://buckeyebusinessreview.com/2017/05/12/purplebricks-group-plc-aimpurp-are-shares-undervalued/
Countrywide shares fell slightly to 183p on Friday. A year ago, on May 31, they were priced at 375p. On Friday, its market capitalisation stood at some £435m.
While Countrywide is a long way short of Purplebricks in terms of market valuation, Purplebricks has even further to go should it aspire to catch up with Rightmove, with a valuation of £3.92bn.
On Friday Rightmove announced the appointment of easyJet’s chief financial officer Andrew Findlay as a non-executive director. Shares in Rightmove tiptoed up very slightly on Friday, to stand at 4,2239p.
This a is great news for share growth investors, not so great for income reliant investors; the yield (if there were any) is now only 26% of what it would be if the price was £1. That sort of makes the promise to deliver huge profits that much harder.
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And that is all PB are about. Reliant on income investors supporting the fat cats which includes the stock brokers, while they get nothing. This is a prime story for someone like Panorama to get their teeth into, then everyone could see the real animal.
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oh dear someone doesn’t like the idea that income investors get nothing and no-one should be looking into what is really going on, let alone make it public. Now who could that be, answers on a postage stamp.
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Shush… don’t tell anyone but why do you think PB has a brexit strategy to take on the 6% American market?
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Funny – ducky isn’t commenting on his investment!
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