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KERBOOM: Ouzo at Sheriff Towers – it is essentially game over at Purplebricks

By Tom Winnifrith, the Sheriff of AIM | Tuesday 9 May 2023

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.

Neil Woodford and Thirsty Paul Scott took the knee at the disruptive potential of online estate agent Purplebricks (PURP). In latter years the deadwood press blew smoke up the arses of the CEO and CFO as they were both women. Girl Power! More ESG vicar? Of course, the numbers never stacked up and the fundamental business offering was dire so shareholders and customers both got screwed. Those of us who do actually look at how a business runs and at hard numbers may be sexist old dinosaurs for doing so but we have another win. Today’s fess up from the birds in charge is grim.
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