Hybrid agent Purplebricks starts the week after a very strong trading performance last week.
The shares ended on Friday at 132.5p, up from 100p when the firm floated on the stock market just before Christmas.
In the weeks that followed, the shares plummeted to 75p before turning around.
At launch, the company was valued at some £240m.
By the close on Friday, the loss-making firm was worth £318m, meaning its capitalisation has increased by almost £80m in the two months since its launch on the stock market.
Comments (11)
Yes it’s still trading above it’s initial offer price, which is great !
Well I say great…… Great big stupid idiots who think PB or any other online offering can actually do the job for peanuts, get a sale through and make a real profit.
**BREAKING NEWS**
They’re on the down again.
Now hovering around 123p.
After three:
What a difference a day makes…
Oh… wait… less than four hours since last update…
…now under 117p
Looks like the hikers have taken a rest.
After all – they must be chuffin’ knackered!
Thats 10% + down in one day. 9 more days of that would see the end of them 🙂
Tried an internet search and this outfit (apparently the biggest) barely came up on the first page. What hope really.
Absolutely baffling. I was looking at their twitter account at the weekend and they have had extremely poor comments running all the way through. If you were/are worried about the online march you should cheer yourselves up by looking at it and retweeting so that the public start getting the message.
if a share price can go from 75p – 132.5p per share in a matter of weeks based on nothing more than hopes and dreams then good luck to them.
I won’t be investing – IM OUT!
And tooth fairies really do exist!
I heard it’s spending around £1m a month, have a look at what they’re selling across the u.k and what they charge. #doomedtofail.
Why? Is it not running at a loss.
Is it to much to ask WHY?