Make your money go further for just 25p per day

Purplebricks Group (AIM: PURP) amazing growth but the valuation still looks a bit crazy!

08/12/2016 · Purplebricks Group PLC (PURP) 

Purplebricks Group (AIM: PURP) amazing growth but the valuation still looks a bit crazy!
T​he so called ‘hybrid’ estate agent providing a new way to buy, sell or let property, delivered fabulous top line growth for the six months ended 31 October 2016, boosting the share price, which had fallen 38% from previous highs. However, before everyone gets too excited it’s worth remembering this business is valued at approximately £360m and so far hasn’t made a bean! Our latest Blog ponders the valuation further.

Management talks of a ‘seismic shift underway in the estate agency market’ and while we are all in favour of a wholesale change to this status quo and commend their offering it’s a struggle to see how one business can be an outright winner where there are so few barriers to entry, which PURP’s current valuation surely implies, and a growing number of rivals – think easyproperty.com, emoov.co.uk, tepilo.com, urban.co.uk, housesimple.com, housenetwork.co.uk etc

Revenue in…

Sign up and read the full article

Register to continue reading our content.

Get FREE access now

Already a member? Login


Previous article Next article

Have your say

Log in or register to view or add comments.

DON'T MISS OUT!

Get top investment ideas to help safeguard and grow your wealth.

Invaluable insight from the exciting world of smaller companies.

REGISTER FREE

DON'T MISS OUT ON OUR PREMIUM CONTENT

Become a champion investor for just £90 a year. Benefit from our high performing portfolios:

START FREE TRIAL

More on Purplebricks Group PLC

As good as it gets? | AIM Bargains | Paddling frantically

28/06/2022 · Company Insights

Results and updates covered here include record results from a provider of feeds and fertilisers to…


Knocking the lights out…again

01/02/2022 · Company Insights

One of AIM’s largest companies has issued another positive trading update sending the shares sharply higher…


More Company Insights

Bonkers Bargains: a rare find indeed

03/10/2022 · Argentex Group PLC

AIM new arrivals and leavers September 2022

03/10/2022 · Aurrigo International

Horrendous updates

Sign-up to our free email updates

SIGN UP