Make your money go further for just 25p per day

Purplebricks falls back to earth – we did warn you

Purplebricks sold sign image
The latest trading update from hybrid online estate agency, Purplebricks (PURP), which brought news of struggles in the United States and the departure of senior management, has seen its share price take a dramatic hit, falling back to near its IPO price. Could current levels offer a buying opportunity?

Purplebricks listed on AIM in December 2015 at a price 93p and by July 2017 hit a high of 527p. Our earlier blog questioned the sanity of its stratospheric valuation and why investors had such confidence in its ability to disrupt such a huge, well-established market.

A company moving at that pace was always going to be hit hard as soon as there was any sign of trouble. That trouble has now reared its head 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.


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

Invaluable insight from the exciting world of smaller companies.



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


More on Property Franchise Group PLC

Results are coming thick and fast

13/09/2022 · Company Insights

It’s a busy time for results from AIM companies and, despite the gloom hanging over the…

Where a 7% dividend yield hides a multitude of issues

04/08/2022 · Company Insights

Updates covered here include a trading update from an unusual provider of alternative finance solutions, which comes…

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