I wonder that this minnow can be worth £2/share on the AIM market?
There's no Yield [DYOR] and the sp has spiked twice (up from below 80p in 2016.).
Maybe this suggests MMs are pushing; rather than retail investors?
- Esp. as this is the first Topic created, I'm guessing few have bought into this alternative Estate Agency . . . . . certainly there is attraction for the House-seller who sees Estate-Agent Fees are a personal Tax . . . and with modest houses that "Fee" can buy you a small car/Kitchen . . . yet few of us think EAs actually do much when so many House-Hunters will go "On-Line" initially - and folks don't get Wet / Lost looking for name-boards.
(( PURP's are a modest Purple; easy to spot, yet not untidy FWIW.)).
Downside......I see no reason why an established Estate Agent can't mirror ( as "ANOther"), whilst retaining their existing Business-Model . . . this would reduce the available Sales to PB, while allowing BigEA to develop throughout the Country by associates joining.... I will presume PBs local-expertise is retired/disgruntled ex-staff from local Estate Agents, throughout the land.

I am reluctant to break my "Rule" that AIM-stocks must be under 50p (unless there is a history of massive dividends.).
Any views?

Well done Cynic.

It's amazing how long things take to topple over sometimes. All that marketing hype around a different way of selling. Sooner or later it had to come home to roost.

when my son checked out the contract back in 2017, he found it was full of all sorts of weasel clauses
and of course the client pays one way or another

i see i posted as below a year ago .....
remains a total con as far as clients are concerned ..... their so-called "professional estate agents" are frequently nothing of the sort and the professional bodies - eg solicitors pay PURP up front ..... there is no incentive for PURP to facilitate let alone actually sell anything

and earlier i commented that i thought that if you ultimately completed your sale through another agent, there were penalties

Interims https://www.moneyam.com/action/news/showArticle?id=6243425

an extract ..... what more do you need to know?
sp down a further 6% at 141

Online estate agent Purplebricks reported an increased operating loss for the six months to 31 October 2018 and trimmed its full year revenue guidance.

Losses were up from £11.4m to £25.6m and the company refined its guided revenue range for the year to 30 April from £165m to £185m to £165m to £175m.

.

The chart tells it’s own sad story.

so the chickens have finally come home to roost
shame i hadn't the balls to continue with the short i placed 2/3 months ago