ZPG shares shot up yesterday.
At one time they soared by over 26p (7.5%) but ended at 372p, a rise of 5.8%, giving a market capitalisation of £1,545m.
The reason for the climb is not known, as the firm had not made any announcements.
Rightmove’s share price also rose, although less markedly, up 102p (2.4%) to finish at 4,281p, but this was making up some lost ground after post-election weakness.
By contrast Purplebricks shares turned down 15p (-3.6%) to end on £4 – despite yesterday’s gung-ho announcement that the firm is set to launch in California.
Comments (3)
PeeBee!
Where have you been?
We need you now more than ever!
As the smart bloke who introduced #Conmisery that has now trended throughout the industry, I thank you.
R U OK?
This industry needs your Holmes like tenacious and investigative skills.
Unlike Elvis, I never left the building! I was – still am – just hiding in a dark corner, which is where I intend to stay. Call it a self-enforced posting ban (but one which I will break from time to time, as seen today).
Out of respect for our lovely Landlady and what she has built here I’ll say no more on that subject – but be assured (if that’s the right word…) that I’m still around and ankles are still being gnawed!
But thank you for the kind words of encouragement, Sir! I’m genuinely touched!!
‘By contrast Purplebricks shares turned down 15p (-3.6%) to end on £4…’
And a veritable fire-sale today – currently sitting at under 360p.
Looks like the Bricks come tumbling down…