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Purplebricks…timber! Ouzo tonight for a vindicated permabear

By Tom Winnifrith, the Sheriff of AIM | Thursday 4 November 2021

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

When I read Purplebricks (PURP) CEO Vic Darvey prattling on about a solid platform to achieve longer term targets my mind immediately switches to thoughts of Cheryl Cole. I feel that I too offer an increasingly solid platform (boom boom) and I have my targets too. Whatever … today Vic served up a ghastly profits warning and shares in Purplebricks (PURP) are in freefall. You cannot say that this site has not warned you all often enough. So what’s the story morning glory?

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