Purplebricks shares continue to head south as they fall below £1

| Rosalind Renshaw

Purplebricks shares had another difficult day on the stock market yesterday, at one stage falling  to about 88p.

They finished some 11% down at about 90p, below the launch price of 100p when Purplebricks made its stock market debut in December 2015.

The fall yesterday dragged the capitalisation of Purplebricks down to some £272.8m, down from the previous day’s capitalisation of £306m and a fraction of what it once commanded.

 

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69 Comments

  1. 40yearvetran08
    May 22, 2019 at 06:51

    So now any investor who is sitting on shares is nursing a loss. Hopefully they will understand how the people who paid PB an upfront fee and have not sold feel.

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  2. Property Poke In The Eye
    May 22, 2019 at 06:53

    Game over for PB unless they can spin it and get more muppets to pump funds in.

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  3. Robert May
    May 22, 2019 at 07:00

    Sorry I don’t follow the maths; if the number of shares remains the same, a peak price of £5.11 is  about 5 times  more than the 90p close yesterday.  5 x £300m isn’t  £3b. Have the number of shares been halved or is the £3b, like so many of the numbers  connected to the company  a tad ‘beats me!’?

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    1. Hillofwad71
      May 22, 2019 at 07:20

      Robert
      The £306m figure on the London Stock Exchange site refers to the figure the day before so doesn”t factor in yesterday’s drop

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      1. Robert May
        May 22, 2019 at 07:34

        £5.11/£1.04 (the previous close the £306m is based on)  still approximates to 5.  I’m trying to fathom where the £3b worth came from, whether that is  a typo or another exaggeration from  a firm that has always struggled with numerical consistency and clarity
         

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        1. ArthurHouse02
          May 22, 2019 at 07:43

          Even at their peak i dont remember the LSE quoting a value beyond just over a billion

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        2. PAG45
          May 22, 2019 at 08:48

          Youre right, the article is incorrect, at their peak they were a little over £1b

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          1. Rosalind Renshaw
            May 22, 2019 at 09:50

            Comments now taken on board in story, with thanks.

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  4. Hillofwad71
    May 22, 2019 at 07:18

    It’s been just over 12 months since Axel arrived on the scene with their substantial investment  where the Bruces pocketed a healthy sum on condition they didn’t sell ay shares for 12 months

    Yesterdy’s market closed valuing  Bricksat a “paltry” £278m

    Those  handcuffs now removed very likely that the Bruces will be looking to game their stakes. Rumours that Francisco Partners a US private equity fund are contemplating a bid but apparentally this would be on the basis of the USA not being part of the equation

    Woodford with his 30%stakes is under the cosh where many of his investors are seeking to liquidate their holdings means he can throw his stake into the ring

    Maybe Francisco needs to look a little more closely at the UK operation as it does seem that FY20 instructions levels are heading for a small fall A little early to tell The juggernaut is shuddering

    Throw in Axel into the mix we can expect a roller coaster ride on the exchanges .Truly only for the brave.The story that keeps on giving

    Maybe  Sporting Ken’s 2 runners at Yarmouth tomorrow might be a better punt?

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    1. Moveaside01
      May 22, 2019 at 07:39

      So to be clear, if you were to back one of his horses, if it didn’t win you would still pay anyway?

      Hmmm….sounds familiar!

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      1. ArthurHouse02
        May 22, 2019 at 07:44

        Cracking anaolgy this

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        1. NotAdoctor32
          May 22, 2019 at 09:22

          I believe it is called ‘gambling’.

          I also assume that most of the people that gamble their £1000 with PB are not in a position to be gambling £1000.

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  5. AgentV
    May 22, 2019 at 07:31

    Had a chain recently with both PB and emoov in it down the line. We were reassured for months that everything was in place until a few days before expected exchange. Subsequently turned out it wasn’t fine at all as there was a missing mortgage offer…all fallen apart now, until our buyer’s property is resold.

    What a waste of time!

    Out of three in the last year or so, we have now only managed to complete one where the chain involves a call centre lister. Where other agents are involved, it’s normally near enough 100%.

    BSOS23PC

     

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    1. BestInTheRoad28
      May 22, 2019 at 21:04

      We have similar problems however I will not proceed until I have the contact details of everyone in the chain. I progress the links associated with the online idiots. It pains me to do this but needs must.

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  6. Ostrich17
    May 22, 2019 at 07:33

    They were never worth more than £1.3 billion, but a reduction of approx.£ 1billion of Market Cap in 12 months is still a disaster.
     
    No word from PB regarding the final t/over number at 30th April, so we can assume they hit the revised target of £140 million and it is clear that they cut spend dramatically from the end of January to finish with £ 62 million in the bank.
     
    Vultures will be circling – the next 6 weeks should be interesting.  

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    1. s71
      May 22, 2019 at 10:52

      In Share speak, i think is know as an upside down unicorn!!!!

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  7. J1
    May 22, 2019 at 07:36

    Anyone joining this mob needs to take a long hard look in the mirror!!!

    The public are losing out on this punt at trying to sell and are turning away – turning to better service offerings.

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  8. Chris Wood
    May 22, 2019 at 07:44

    On regular occasions this current situation has been predicted by some, along with carefully worded mentions of insiders being very angry, trouble with the model and other issues which may well yet come to pass. To coin a phrase; it is not the end, but it is the beginning of the end.

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    1. cyberduck46
      May 22, 2019 at 09:03

      Looks like the value of the business is dropping according to the market.

       

      You of course couldn’t find a buyer for your business Chris. How did that work out as an investment?

       

      Have you paid off all the creditors yet?

       

       

       

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      1. Chris Wood
        May 22, 2019 at 09:14

        Being proved wrong is really upsetting you isn’t it? As someone who has mental health problems myself can I strongly advise you to seek counselling and anger management? 

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        1. Property Pundit
          May 22, 2019 at 09:49

          There’s no counsellor on earth that could cure this weirdo sadly.

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        2. DomPritch134
          May 22, 2019 at 09:58

          Perhaps stones and glass houses is a sentiment being expressed here!

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        3. cyberduck46
          May 22, 2019 at 11:40

          Chris,

           

          In what way have I been proved wrong?

           

          I sold my shares in March 2017 at £2.85 from memory after paying about £1.65 for them in January. A couple of very short term dalliances with them since then. One of them very profitable, the other a small loss. Overall one of the best investments I’ve ever made.

           

          If you look back you will see I didn’t think they’d succeed in the USA.

           

          Spotted the slowdown in the UK and the falling numbers of LPEs in Oz and warned investors about them.

           

          Here’s a comment from March 2018 referring to myself and another poster on the LSE Share Chat forum “Do you own shares here and if so why are you constantly talking the share down? Your mate cyberduck admits he has no shares here either. Odd don’t you think that the top 2 negative posters don’t own shares in PB? I appreciate that balance is important but constant negativity is not balance is it? Make your own mind up folks.”

           

          So not sure how I’ve been proved wrong. There are some big questions over your investment in PDQ though.

           

          Like DomPritch says. People who throw stones….

           

          Have you paid off all your creditors yet? It’s a simple question which you have avoided before. You didn’t like it when PurpleBricks didn’t answer your questions so why not set a good example and answer?

           

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          1. Woodentop
            May 22, 2019 at 13:40

            Todays story: Purplebricks shares continue to head south as they fall below £1

             

             

            As usual you have then spun  it around, to personally attack another person off subject.

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      2. s71
        May 22, 2019 at 10:54

        Duck go and lay a egg!!!   that will be more productive 

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  9. Chris Wood
    May 22, 2019 at 08:23

    Interesting to note that #Purp s’ recently remodelled website with lots of new (and carefully worded) terms and conditions don’t appear to mention the referral fees paid to them. Required under CPR legislation according to guidance published by NTSELAT in February (link ‘a’below). Purps’ Ts’ and C’s page, link ‘b’ below. Yet another one for NTSELAT to ‘look into’.

    A) https://www.nationaltradingstandards.uk/site_assets/files/Guidance%20for%20EABSs.pdf

    B) https://www.purplebricks.co.uk/terms/service-agreement/#8 

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  10. bren_gun
    May 22, 2019 at 08:36

    Meanwhile, the Property Franchise Group share price continues to climb and is up over 40% so far this year. Merger back on the cards?

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    1. smile please
      May 22, 2019 at 08:44

      Ewemove franchises seem to be dropping by the day …..

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    2. flockfollower102
      May 22, 2019 at 08:49

      Interesting, funny things going at TPFG at the moment. I predict Ian Wilson leaving and taking one of the brands with him. If that is the case, my money would be on CJ Hole.

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  11. Property Pundit
    May 22, 2019 at 08:46

    What a shame DomPritch isn’t around to share this experience with us all.

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    1. DomPritch134
      May 22, 2019 at 09:55

      The schadenfreude and smugness is pretty unbearable to be fair.

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      1. Property Pundit
        May 22, 2019 at 11:16

        As McDonald’s say; ‘I’m lovin’ it!’

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  12. MrsF
    May 22, 2019 at 09:23

    As it currently stands, they have over 21k listings on the portals, that is one hell of a drop in stats on the portal should they go south.

    Keeping an eye on the stock exchange and there are still people who are investing, 2k shares here, 6k, 10k shares there.

     

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    1. DomPritch134
      May 22, 2019 at 10:01

      The core UK model is a sound business and holds a pretty decent market share, the over expansion especially into the turbulent falling AUS market has cost them alot of capital.
       

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      1. Woodentop
        May 22, 2019 at 10:25

        Nope: Listings falling, staff at all levels leaving, share value falling effects the UK operations and after so many years still have less than 3% of the UK housing market for the meggar £m’s spent.

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        1. DomPritch134
          May 22, 2019 at 10:29

          Listings are down in line with the total market volume approx 14%. £70 million operational cash and 4-5% market share in less than 5 years.

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          1. Woodentop
            May 22, 2019 at 10:50

            4% to 5% market share is all on-liners not PB alone.

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          2. AgentQ73
            May 22, 2019 at 10:54

            Guess you are snapping the shares up then ?

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          3. Property Pundit
            May 22, 2019 at 11:19

            Give it up Dom, it’s over.

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          4. WiltsAgent
            May 22, 2019 at 13:19

            It’s a shipwreck, stuck on the rocks and being smashed up. They’ll either run out of money or ‘self employed’ LPE’s who as previously revealed on this board, can’t earn enough to pay their mortgages.

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          5. Ostrich17
            May 22, 2019 at 15:10

            You’re wasting your time “pumping” the shares here – and they had £ 62 million at the end of April as per their own press release, so it’s less than £ 60 million now.

            Once the management team have been culled and US strategically re-aligned, we will know how much longer this outfit can survive.

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    2. AgencyInsider
      May 22, 2019 at 10:32

      Look at the share price graph over the past 18 months. It resembles a mountain with jaggy edges. I’ve lost count of how many times the price has fallen 5-10% in a day only to bounce back the next as people buy into the lower price expecting it to soon climb again, which it generally does. A bit.

      It’s a day to day yo-yo ride and some people will take decent profits on the quick trades – but the overall direction of the share price travel is inexorably downward.

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  13. Woodentop
    May 22, 2019 at 10:49

    I said from day one that this business model would fail. Many other bigger and astute companies have tried to get into estate agency and failed and for one very good reason. The business is a gamble, always has been and always will be …. why?

     

    It is a service industry that has no control on the markets fluctuations, its stock and attitude of its supplier (vendor) and buyers.

     

    It is for this simple reason that the market developed its no sale no fee basis and commission structure, linked with its legal responsibilities under the Estate Agency Act. We often hear the gripes from those that haven’t a clue over why the commission is high. Simple answer to cover overheads. But how do we make a profit and help get through the bad times, as well the good? This is where the anti-agents fee bashers jump on the bandwagon with their prejudice. The high end vendors are happy to pay the high fee brigade, though there will be some not to happy but in the main the argument that agents over charge when put into reality of providing a no sale = no fee structure, isn’t a valid complaint. The consumer doesn’t want to pay for a no sale, so where does the agent money come from till they get a sale or not! Commissary.  Once a recession appears on-line only agents are stuffed, as their business foundations are based on increasing number, not reducing. Investing in PB was a gamble, always was by blind people who do not understand the industry, fell for a yarn and now the honeymoon period is well and truly over …. are going or already gone bust. It is not self-sufficient business model and that has been proven beyond any doubt. It isn’t the future, they haven’t revolutionised the industry, just brought a cheap offering for the consumer to choose, for less service with no guarantee.

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  14. Woodentop
    May 22, 2019 at 16:52

    Rumours are beginning to circulate in the City that major US private equity fund Francisco Partners is considering buying the UK operation of Purplebricks but Axel Spinger are not happy and they don’t want anything to do with the US operations. Closed share price up 2p, closed 94p now there’s confidence for you.

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  15. Sdaltaf101
    May 22, 2019 at 17:57

    They are 5.2% up on the day 🙂

     

    The share price will remain volatile until 03rd July when the US strategy is published, its likely they could go as low as £0.80 before flying north.

     

    Great business model with huge growth potential.

     

    We will see who has the last laugh

     

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    1. Property Poke In The Eye
      May 22, 2019 at 18:05

      It won’t be PB.

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      1. Property Pundit
        May 22, 2019 at 21:17

        And it absolutely won’t be Sdaltaf101.

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    2. Robert May
      May 22, 2019 at 21:06

      “Great business model with huge growth potential”  Why in your opinion have messers Bruce & Woodford failed to deliver the HUGE  growth?

      They weren’t lacking cash, technology or ambition. They had no fear and  their sector competition crumbled  before them yet somehow all that wasn’t  enough?

       

      A monumental injection of cash and clout from Axel Springer, hasn’t helped at all and 5 years on from the original promises of HUGE profits and market share you are effectively repeating the same promises.

       

      I’d genuinely be interested to hear how you think its going to be possible so in 4 years time you can be sat there, as I am sat here now knowing I called it right. I put my name to my thoughts and opinions about  the futility of challenging a service industry with cheapness. How about you put your name to  your confidence in what the future looks like now Bruce Bros, Woodford, Quirk, Ellice, Caan, Butt, Barclay, Platt, Haji-Ioannou, Dunstone and co have all so far failed to deliver the disruption they promised to deliver by  errr  3 years ago and the most well funded of all the ventures is now back where it was in 2015.

       

       

       

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    3. Hillofwad71
      May 23, 2019 at 05:58

      The problem Bricks now have with  a plummeting share price ,high level departures ,concerns in the property market generally and a continuing stream of negative  comments appearing on social media is one of customer confidence

      Unfortunately this is already starting to translate into drop off in fresh instructions at the gate in the UK ,The worm has turned May down from last  year,The bus is in reverse

      The only chance of the possibility of the SP  recovering strongly is somebody taking the company by the horns and arresting the rot.That will require a major structural change

      I hope you read that post regarding knotweed yesterday.Unless you have  devised some sort of app which recognises it when you give your behind the desk valuations ,casting pearls amongst swine -This could come back and haunt you

       

      https://www.knotweedservices.co.uk/portfolio-item/japanese-knotweed-excavation-in-stafford/

       

       

       

       

       

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      1. Robert May
        May 23, 2019 at 06:05

        Duty of care and skill, its their elephant in the room.  The legal obligation to get it right that sorts agents from intermediaries.

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        1. Sdaltaf101
          May 23, 2019 at 12:06

          Hello Robert,

           

          Huge growth potential reflects the remaining   – 95% when PB introduce their hub model focusing on the high street independents.

          Elephant in the room, I’m a little confused the Japanese Knotweed was missed by a surveyor and not an estate agent, in this case the client paid for a survey and proved there was an element of negligence so was successful in court.

           

          Estate agents offer free valuations for three reasons, let me explain:

          1. It’s a marketing tool to overvalue the property pursuing a signed contract from the vendor.

          2. There is no qualifications or standards required for an estate agent to value a property.

          3. There is no liability as the valuation is a “free service” as defined as an “advisory service” which is free of charge so therefore negates any liability.

          The surveyor was qualified so negligence could be proven, it’s very difficult to prosecute an individual from within an industry which has no standards or qualifications who offers their valuations free of charge.

           

          So I’m struggling to see the elephant in the room,  I know PB and other online agents do the same because its the industry standard used by the high street who are also unqualified. Purple Bricks charge an upfront fixed fee or payable in 10months but regardless when the payment was made the property remains on the market and receives the same high quality service complimented with superb technology throughout the sale if it takes 6 weeks or 12 months to sell. The difference is the fair fixed fee rather than a percentage on asset which is why my shares will fly north when they introduce their hub model.

          Have a great day and thanks for the question.

           

           

           

          Now, lets hold hands, bow our heads and pray to the Purple Brick to give us freedom of choice and great wealth, the future is bright and the colour is Purple.

          Lots of love and kisses, the Prophet Sadaltaf

           

           

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          1. Robert May
            May 23, 2019 at 12:36

            Do you know what duty of  care and skill is and understand it’s implications for  an agency service rather than a listing service.

            I’m guessing you believe yourself to be the one to lead the investors down the path of fortune with the lessons learned from the failures of the past.

            P.S. Forget the vexatious trolling I won’t bite so you’re making yourself look daft

             

             

             

             

             

             

             

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            1. Sdaltaf101
              May 23, 2019 at 13:05

              The clear financial difference would be the fair fixed fee compared too a percentage of asset, is that what you mean?
               
              Other than that both are listed on the major portals and both communicate between the buyer and the seller, if the buyer and seller communicate directly then they would be a listing  service which you regularly refer too but PB are a full serviced estate agent.
               
              I am the Prophet Sdaltaf and you are unable to debate because I speak the truth 🙂
               

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              1. Robert May
                May 23, 2019 at 13:20

                 I’m fairly certain there’s no abuse in my posts.
                 
                Duty of care and skill has nothing to do with the method of charging it is focused on the advice  provided to an agent’s principal.
                 
                Before you take the investors down another cul-de sac on their journey to ultimate riches, you possibly ought to understand the implications of care and skill and how they have effectively been the architect of  NSNF % commissions

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                1. Sdaltaf101
                  May 23, 2019 at 13:46

                  I think you are being disingenuous to your online peers by taking the high ground and presuming you offer the vendor more than the Hybrid, other than a higher fees.
                   
                  I don’t fully understand your point with the NSNF %, but if you are stating the hybrid model has forced the high street to adopt the NSNF % on asset model well I would suggest that is positive and progress, in my opinion those who do will maintain higher fees based on reputation and service and those who don’t will suffer selling on price to compete against the fixed fee model and will fail. 
                   
                  P.S I remove the abuse comment, my error that was for PeeBee
                   

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                  1. Robert May
                    May 23, 2019 at 14:08

                     Going all the why back to EAT days I introduced the term hybrid agency in a discussion with the  folk singer chap.  You will also find I am a fan non ITZA agency when done properly and have clients who are online agents.I’m not being disingenuous if as an  former FNAEA with ISVA written examination qualifications if I have an understanding of the distinct  differences between passive intermediary internet listing firms and full service agency.In this market a NSNF agent who does not get it right for their client will be penalised with no income. A fee up front lister who doesn’t get it right faces the very real possibility of litigation for loss as the market falls from under their client.  Portraying  a passive intermediary listing service as full service estate agency is  a very risky business and the risk is exacerbated by a falling marketp.s. noted thank you
                     

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                    1. Sdaltaf101
                      May 23, 2019 at 14:48

                      I do not doubt what you are saying with regards to your experience and knowledge, the underlining issue is the sector itself is not governed by any formal qualifications or relevant bodies per se.
                       
                      You have Doorsteps telling the world he started selling properties during his afternoon play time  which doesn’t reflect well on the sector as a whole.
                       
                      We will have to agree to disagree on the passive intermediary, my understanding and the legal position is a “passive intermediary” is defined by a company / business who offers technology to communicate between the buyer and seller and in no way mediates between the two parties, offer agency services like EPC’s, advice in any way or offer any estate agent services. Purple Bricks by definition does all of these  so by the terms of the legislation they are not a passive intermediary, you mention a listing service which by definition doesn’t mean anything, essentially you could categorize every estate agent as a listing service.
                       
                      Nice debate….possible the best I’ve had without being abused.
                       
                      I have a great deal of respect for Estate Agents and the good will always succeed and the weak selling on price will fail and only a fool would think Purple Bricks are finished, beware of the wounded bear and what you are about to witness is the fight back to demonstrate the hybrid / hub model works and then they revisit overseas markets, but regardless the hybrid fixed fee model is here to stay.
                       
                      Have to do some work now so Bye Bye.

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                    2. PeeBee
                      May 23, 2019 at 16:04

                      “I have a great deal of respect for Estate Agents”
                       
                      You have a mighty strange way of displaying it.

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                    3. Robert May
                      May 23, 2019 at 16:52

                      You can’t say you’ve got work to do, say goodbye and then carry on going belly to belly with Peebee!

                       

                      You might be right about a hybrid agency having a future but if ZPG are looking to cosy up to agents again that will be a fair size,  well funded, competitor who will now have to think twice about its allegiances.

                      OTM doesn’t seem that welcoming of Purplebricks which will leave your  hub agency at the mercy of the very expensive Rightmove.

                      There is the small matter of the brand, whatever happens I can’t see Oz welcoming  Purplebricks into OZ as Purplebricks again and  although the US strategy is not yet revealed, a global  brand strategy will be dictated by what has gone on in OZ.

                       

                      Building a brand has been expensive and investors are now  reminded why huge financial institutions such as the Pru, Lloyds and  Halifax never  managed  to break the stubbornly resilient #local agent. Do you really think the sheep still fear missing out more than they fear making a loss? I don’t

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          2. PeeBee
            May 23, 2019 at 12:43

            “…the Japanese Knotweed was missed by a surveyor and not an estate agent…”

            Apparently knot!

            Clearly the Agent had not identified the growth or they would have been compelled to disclose its’ existence under CPRs 2008. (that’s the little piece of Legislation that made your pet subject PMA 1991 redundant by the way…)

            “Estate agents offer free valuations for three reasons…”

            B0llocks… B0llocks and thrice B0llocks to your three given “reasons“.

            Any more complete ******** to follow from your vast void of knowledge of our industry, Prophet’n’Loss?

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            1. Sdaltaf101
              May 23, 2019 at 13:18

              Haaaa how sweet PeeBee.
               
              Are you back from you day release?
               
              The article refers to a qualified surveyor and not to an unqualified estate agent so if this case was pursued it would be unlikely to prosecute under the CPR Act but i’m happy to be proven wrong so please forward any pervious prosecutions,  but you wont because there isn’t any
               
              Oh….and don’t forget your disclaimer.
               
              Have a great day and in future it would be advisable to communicate without abuse, to make a person look foolish you simply demonstrate what they is incorrect rather than venting venom through those delicate little fingers.
               
              Lets hold hands and bow our head to the Purple brick and beg forgiveness for our stupidity and greed.
               

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              1. PeeBee
                May 23, 2019 at 14:37

                “…so if this case was pursued it would be unlikely to prosecute under the CPR Act but i’m happy to be proven wrong so please forward any pervious prosecutions,  but you wont because there isn’t any”

                Cutting through the atrocious spelling and grammar (the most interesting parts of your posts by a country mile, by the way…), you seem to ask for evidence of prosecutions under CPRs 2008 – so allow me to oblige:

                newsroom.howardkennedy.com/consumer-protection-regulations—august-2017/

                Now – in recognition of your proven inability to process fact, allow me to draw you a picture of what the article says.

                It tells the story of TWO prosecutions under CPRs 2008; one against a Lettings Agent in Scotland, and another in Islington – again concerning Lettings.

                Here’s another in case the first one isn’t simple enough.  This RICS publication

                rics.org/uk/upholding-professional-standards/regulation/regulatory-support/consumer-and-business-protection-regulations/

                also makes reference to a national firm of Estate Agents having been prosecuted under the Regulations.

                Hope this helps.  I’m always happy to assist the hard of thinking in their daily struggles.

                 

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                1. Sdaltaf101
                  May 23, 2019 at 15:07

                  Scottish law is somewhat different to English Law and it refers to RICS which is a qualification body for Chartered Surveyors so supports my original comment. Surveyors are Qualified and Estate Agents are not. 
                   
                  When you have finished making the clients coffee will you dig the case history of this quote, i would always prefer to work on factual evidence before jumping to conclusions:
                   
                  “also makes reference to a national firm of Estate Agents having been prosecuted under the Regulations”
                   
                   
                  I would be interested to know why an agent was prosecuted by a vendor over Japanese Knotweed when offering a free service with disclaimers.
                   
                   
                  P.S. Does eye pay your wages to vent venom?
                   

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                  1. PeeBee
                    May 23, 2019 at 16:15

                    “Scottish law is somewhat different to English Law and it refers to RICS which is a qualification body for Chartered Surveyors so supports my original comment. Surveyors are Qualified and Estate Agents are not.”
                     
                    Oh dear… the picture wasn’t clear enough after all.
                     
                    Those reports refer to prosecutions under the CPRs 2008.  Exactly what you stated there haven’t been any of.
                     
                    NOTHING to do with English Law vs. Scottish Law… NOTHING to do with RICS.
                     
                    Oh – EYE pay me nothing, by the way – but I sincerely hope that you’re getting a canny wedge as remuneration (or should that be compensation?) for humiliating yourself every time you press ‘Post comment’.
                     
                    Clowns don’t do too badly on the pay-scale generally.
                     
                    And if you think my posts to you are venomous you’re waaaaay more precious than we all thought.

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                    1. Sdaltaf101
                      May 23, 2019 at 17:06

                      Sorry PeeBee I didn’t read your post, I stopped reading your posts some time ago, I merely glance and comment.

                       

                      Its like leaving the board room and going to the canteen to make a coffee and speaking with the village idiot about the weather or bus routes while the kettle boils, would be my best analogy.

                       

                      If you go back over the posts and read, really, really slowly you will see you have missed the point of the comment and responded with something which has no relevance to the conversation.

                       

                      Other than spouting venom.

                       

                      I hope your bus is on time and make sure you have the correct change.

                       

                      Oh………..and if you are not paid by eye..eye then your employer is paying for a muppet to waste company time and money commenting on a form which has no financial return to the company, even if it is minimum wage it is still money.

                       

                      Report
                    2. PeeBee
                      May 24, 2019 at 10:07

                      “…commenting on a form which has no financial return to the company…”

                      The vast majority of posters on EYE don’t comment here for financial return or gain, Prophet’n’Loss…

                      …you should try it sometime.

                      “Its like leaving the board room and going to the canteen to make a coffee…”

                      You have a board room?  WOW – I’m impressed.

                      Must be where you store them before going out and sticking them up (at an appropriately obtuse angle) in the gardens for your online agent clients, is it?

                      Oh – and it’s ‘forUm’, by the way.

                      Report
  16. Property Poke In The Eye
    May 22, 2019 at 18:06

    Don’t forget to show your support by clicking on the PB adverts on Google.

     

    Let’s shoe the City how to bring share prices down.

    Report
  17. Sdaltaf101
    May 23, 2019 at 18:16

    Robert May…

    Zoopla are getting cosy with everyone, including private sale, hybrid and anyone else they can generate a monthly income from and this also applies to Rightmove, the portals will never discriminate. Unless there is a united force from the sector dictating who should have access to the portals and who should not then 99Homes, Doorstepts etc will remain, but uniting the independents would be a herculean task destoned for failure, you would be more successful selling saveloy dips to the synagogue.

     

    The average branch is paying  anything from £1-3k on listing fees when emove said they were paying £40K+ per month so Purple Bricks is paying considerably more, and the portals are not going to turn anyone down, they just sit back and watch the market ripping itself apart whilst being everyone’s friend. To put together a sophisticated portal to compete on a technology level would be £150-200k and would take 4 months to develop, the issue would be uniting the high street as a cohesive force.

     

    Australia and the US are conversations for another 5 – 10 years, the focus now is getting out with minimum cost and focus on the UK market, with a hub based model so they can reassure the consumer with a visual presence whilst expanding their portfolio and capitalising on their brand.

     

     

    You only lose money when you sell your shares, only a fool would sell their shares now the big test will be on 03rd July.

     

    Report
    1. Woodentop
      May 25, 2019 at 12:09

      I think everyone by now knows you talk utter bo$$cks and they don’t read or listen to your naïve and prejudice rants unless they want a laugh.

      Report
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