공시 • Jun 16
Purplebricks Group Delists its Ordinary Shares of 1 Pence Each on AIM on 16 June 2023 Purplebricks Group plc confirmed that, further to the Result of General Meeting announcement on 2 June 2023, admission of the Company's ordinary shares of 1 pence each ("Ordinary Shares") to trading on AIM will be cancelled at 7:00 a.m. on 16 June 2023 (the "Cancellation"). New Risk • Jun 12
New major risk - Revenue and earnings growth Earnings have declined by 17% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (139% average daily change). Earnings have declined by 17% per year over the past 5 years. Market cap is less than US$10m (€1.62m market cap, or US$1.74m). Minor Risk Latest financial reports are more than 6 months old (reported October 2022 fiscal period end). 공시 • Jun 02
Lecram Withdraws Bid for Purplebricks UK-based digital real estate platform Purplebricks Group Plc (AIM:PURP), whose business is targeted by peer Strike Limited, on May 31, 2023 said that the rival suitor attracted, Lecram Holdings Ltd, has withdrawn its indicative proposal to acquire the company. Lecram has decided not to proceed and is not intending to make an offer, a filing said. The motives for the move were not revealed. Purplebricks disclosed the fresh takeover interest earlier this week. Lecram, already a shareholder, made an indicative proposal to acquire Purplebricks at 0.5 pence per share in cash. Shares in Purplebricks were trading 8.70% higher at 0.50 pence as of 1212 BST in London on June 1, 2023. The British digital real estate platform had earlier in May reached a conditional agreement to transfer substantially all of its trading business and assets to Strike. The deal has a symbolic price tag of GBP 1 (USD 1.23/EUR 1.15), plus the assumption of substantially all of the target company's liabilities. 공시 • May 27
Lomond Group Scotland Ltd acquired entire rental portfolio of Purplebricks in Scotland from Purplebricks Group plc (AIM:PURP). Lomond Group Scotland Ltd acquired entire rental portfolio of Purplebricks in Scotland from Purplebricks Group plc (AIM:PURP) on May 26, 2023.Lomond Group Scotland Ltd completed the acquisition of entire rental portfolio of Purplebricks in Scotland from Purplebricks Group plc (AIM:PURP) on May 26, 2023. 공시 • May 20
An unknown buyer acquired Assets of Strike from Purplebricks Group plc (AIM:PURP) for £1. An unknown buyer acquired Assets of Strike from Purplebricks Group plc (AIM:PURP) for £1 on May 19, 2023.
An unknown buyer completed the acquisition of Assets of Strike from Purplebricks Group plc (AIM:PURP) on May 19, 2023. 공시 • May 13
An unknown buyer acquired a 11.96% stake in Purplebricks Group plc from Momentum Global Investment Management Limited and Inflection Point Investments LLP. An unknown buyer acquired a 11.96% stake in Purplebricks Group plc from Momentum Global Investment Management Limited and Inflection Point Investments LLP on May 11, 2023.An unknown buyer completed the acquisition of a 11.96% stake in Purplebricks Group plc from Momentum Global Investment Management Limited and Inflection Point Investments LLP on May 11, 2023. 공시 • Feb 18
Purplebricks Group plc Provides Earnings Guidance for the Full Year 2023 Purplebricks Group plc provided earnings guidance for the full year 2023. The Group now expects to deliver revenue for year 2023 of between £60 million and £65 million. Reported Earnings • Dec 09
First half 2023 earnings released: UK£0.048 loss per share (vs UK£0.066 loss in 1H 2022) First half 2023 results: UK£0.048 loss per share (improved from UK£0.066 loss in 1H 2022). Revenue: UK£34.5m (down 17% from 1H 2022). Net loss: UK£14.6m (loss narrowed 28% from 1H 2022). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 13% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 19 percentage points per year, which is a significant difference in performance. 공시 • Dec 08
Purplebricks Group plc Reiterates Revenue Guidance for the Financial Year 2023 Purplebricks Group plc reiterated revenue guidance for the financial year 2023. The company is reiterating financial year 2023 revenue guidance to be between £67.5 million - £72.5 million. 공시 • Nov 30
Purplebricks Group plc to Report First Half, 2023 Results on Dec 08, 2022 Purplebricks Group plc announced that they will report first half, 2023 results on Dec 08, 2022 Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. CFO & Director Dominique Highfield was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. 공시 • Nov 09
Purplebricks Receive a Letter from Lecram Holdings Limited On November 9, 2022, Board of Directors of Purplebricks announced that on November 8, 2022 it has received a letter from Huntress Nominees Limited, acting for and on behalf of Lecram Holdings Limited, seeking to requisition a general meeting of the Company. The Requisition proposes that shareholders should consider resolutions to remove Paul Pindar as a director of the Company, and to appoint Harry Douglas Hill is made Chairman of the Board by the other directors of the Company. Board Change • Nov 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Adrian Gill was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. 공시 • Oct 27
Purplebricks Announces Executive Changes, Effective from 1 November 2022 Purplebricks announced the appointment of Dominique Highfield as Chief Financial Officer. Dominique will join Purplebricks and the Board with effect from 1 November 2022. Dominique joins Purplebricks with 15 years' experience in finance including at Sainsbury's, Amazon and, most recently, as Director of Finance at Pentland Brands, the large privately-owned business housing well-known retail brands. She qualified as a Chartered Accountant whilst at PwC. Steve Long will step down from his role as Chief Financial Officer and the Board with effect from 1 November 2022. He will remain with the business until the end of November to support the transition. 공시 • Sep 15
Purplebricks Group plc Announces Election of Directors Purplebricks Group plc announced that at its AGM held on September 14, 2022, shareholders approved the election of Steve Long, Helena Marston and Ait Voncke as directors of the company. 공시 • Sep 14
Purplebricks Announces the Appointment of Adrian Gill and Gareth Helm to Its Board as Independent Non-Executive Directors Purplebricks announced the appointment of Adrian Gill and Gareth Helm, two highly experienced property industry executives, to its Board as independent Non-Executive Directors. They will both join the Board with effect from 1 October 2022. Adrian Gill has 20 years' experience as a property executive including as Finance Director and Group Commercial Director of Connells, Executive Director, Estate Agency at LSL Property Services PLC, and Group CEO of Leaders Romans Group. Gareth Helm has over 30 years' marketing expertise, largely as a chief marketing officer in high-profile, consumer-facing businesses including Zoopla, McDonald's, Moneysupermarket, Mars and Homeserve. Adrian Blair will step down as a Non-Executive Director on 1 October 2022 following four years as a member of Purplebricks' Board. Board Change • Aug 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Elona Mortimer-Zhika was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Aug 16
Purplebricks Group plc, Annual General Meeting, Sep 14, 2022 Purplebricks Group plc, Annual General Meeting, Sep 14, 2022, at 09:00 Coordinated Universal Time. Location: offices of Norton Rose Fulbright LLP 3 More London Riverside London, United Kingdom Recent Insider Transactions • Aug 11
Group Chief Executive Officer recently bought €119k worth of stock On the 5th of August, Helena Marston bought around 630k shares on-market at roughly €0.19 per share. This was the largest purchase by an insider in the last 3 months. This was Helena's only on-market trade for the last 12 months. Reported Earnings • Aug 03
Full year 2022 earnings released: UK£14.00 loss per share (vs UK£0.013 profit in FY 2021) Full year 2022 results: UK£14.00 loss per share (down from UK£0.013 profit in FY 2021). Revenue: UK£70.0m (down 23% from FY 2021). Net loss: UK£42.0m (down UK£45.9m from profit in FY 2021). Over the next year, revenue is forecast to grow 12% compared to a 45% decline forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 145 percentage points per year, which is a significant difference in performance. 공시 • Jul 26
Purplebricks Group plc to Report Fiscal Year 2022 Results on Aug 02, 2022 Purplebricks Group plc announced that they will report fiscal year 2022 results on Aug 02, 2022 공시 • Jul 21
Purplebricks Group plc Announces Board Changes Purplebricks Group plc announced that Ait Voncke is to join the Purplebricks Board as a Non-Executive Director with immediate effect. Ait is the Axel Springer board representative and replaces Dr. Stephanie Caspar, who steps down from the Board with immediate effect. Ait joined AVIV Group, which comprises Axel Springer's online classifieds offering for real estate, as CEO in January 2021. Prior to AVIV, Ait served as Senior Vice President and General Manager at Expedia Group after being a part of the founding team of Groupon in Europe. Ait began his career at Accenture where he spent over a decade advising technology companies globally and latterly founding the Internet, Media and Technology team for Accenture in Austria. 공시 • Jul 13
Lecram Holdings Calls to Resign the Chairman of Purplebricks Group plc On July 12, 2022, Lecram Holdings, announced that it has called on Paul Pindar the chairman of Purplebricks Group plc to resign following what it called ‘the destruction of shareholder value’ with the shares having slumped to 15p from a peak of 498p five years ago, valuing the company at just £46m. Lecram stated that it has sent an open letter to Pindar from Lecram’s broker Harrier Capital Partners demands that ‘urgent action is now essential to stabilize the company and restore its credibility within the investment community’. Lecram, run by Adam Smith, invested in the Company a year ago and increased its position last week said it will seek the support of other shareholders to oust Pindar, who was an early investor in the estate agent and has been its chairman since the company floated on AIM in 2015. 공시 • Jun 29
Purplebricks Group plc Provides Earnings Guidance for the Year 2022 Purplebricks Group plc provided earnings guidance for the year 2022. The Board continues to expect to report revenue of approximately £70 million as previously announced in a trading update on 25 May 2022. 공시 • Apr 04
Purplebricks Group plc Appoints Helena Marston as Chief Executive Officer Purplebricks Group plc announced the appointment of Helena Marston as Chief Executive Officer of the Company, the Company announces that due diligence checks required by the AIM Rules are ongoing and therefore Helena's appointment remains subject to completion of these checks. Recent Insider Transactions • Mar 19
Non-Executive Chairman recently bought €148k worth of stock On the 15th of March, Paul R. Pindar bought around 700k shares on-market at roughly €0.21 per share. This was the largest purchase by an insider in the last 3 months. This was Paul R.'s only on-market trade for the last 12 months. Reported Earnings • Feb 02
First half 2022 earnings: EPS in line with analyst expectations despite revenue beat First half 2022 results: UK£0.066 loss per share (down from UK£0.013 profit in 1H 2021). Revenue: UK£41.3m (down 6.6% from 1H 2021). Net loss: UK£20.2m (down UK£24.1m from profit in 1H 2021). Revenue exceeded analyst estimates by 11%. Over the next year, revenue is forecast to grow 2.6% compared to a 24% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 52% per year, which means it is significantly lagging earnings. Board Change • Feb 02
Less than half of directors are independent Following CFO & Director Steve Long's arrival on 01 February 2022, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Elona Mortimer-Zhika was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 08
Full year 2021 earnings released: EPS UK£0.013 (vs UK£0.038 loss in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: UK£90.9m (down 18% from FY 2020). Net income: UK£3.90m (up UK£15.4m from FY 2020). Profit margin: 4.3% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Apr 08
Senior Independent Director recently bought €293k worth of stock On the 6th of April, Simon Downing bought around 258k shares on-market at roughly €1.14 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €668k more in shares than they have sold in the last 12 months. Reported Earnings • Dec 17
First half 2021 earnings released: EPS UK£0.013 The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: UK£44.2m (down 6.2% from 1H 2020). Net income: UK£3.90m (up UK£6.50m from 1H 2020). Profit margin: 8.8% (up from net loss in 1H 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Dec 16
New 90-day high: €0.94 The company is up 14% from its price of €0.82 on 17 September 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.47 per share. 공시 • Nov 04
Purplebricks Group plc to Report First Half, 2021 Results on Dec 15, 2020 Purplebricks Group plc announced that they will report first half, 2021 results on Dec 15, 2020 공시 • Sep 26
Purplebricks Group plc Announces Appointment of Elona Mortimer- Zhika as A Non-Executive Director and Chair of the Audit Committee with Immediate Effect Purplebricks Group plc announced that Elona Mortimer- Zhika is to join the Purplebricks Board as a Non-Executive Director and Chair of the Audit Committee with immediate effect. Elona joined IRIS in 2016 as Chief Financial Officer, was promoted to Chief Operating Officer in 2018, and became Chief Executive Officer in September 2019. Before joining IRIS, Elona held several senior leadership roles at big four accountancy firms and PE-backed businesses, including Mavenir, Acision, Arthur Anderson and Deloitte. 공시 • Jul 07
Purplebricks Group plc to Report Fiscal Year 2020 Results on Aug 03, 2020 Purplebricks Group plc announced that they will report fiscal year 2020 results on Aug 03, 2020