Purplebricks Group (AIM:PURP) - the valuation still looks bonkers to us!
Hardman’s research offers some fairly sweeping statements such as how, since launching in April 2014, Purplebricks has captured over 60% of the online market and become the 4th largest UK estate agent. We struggle to understand this comment when the Group generate income of only £3.4m for the year ending 2015 and is forecast to generate revenue of only £17.8m for the year ending April 2016. It looks even more far-fetched when the UK estate…
Sign up and read the full article
Register to continue reading our content.
Already a member? Login
Previous article Next article