Purplebricks (PURP) recently caused a stir by attacking traditional estate agents and the amount of commission they charge. This prompted a response questioning Purplebricks' completion ratios. Unless you use a Purplebricks solicitor, in which case payments are deferred for 10 months and only paid on completion of the sale, you have to pay a fee upfront, whereas traditional estate agents are paid on completion of the sale.
Either way, Purplebricks has grabbed a lion's share of the online market, although online sales still account for just 5 per cent of all completions. What's more, the original shareholders have seen an explosive increase in the value of their shareholdings. In fact, since the first day of dealing in December 2015, the shares have trebled in value. In March, several original shareholders crystallised some of these gains by selling around 7.9m shares via an accelerated book build to institutional investors, and earlier this month senior non-executive director Nick Discombe followed suit with the sale of 1.6m shares at 300p a share. That still leaves him and connected persons with just over 4.8m shares in the company.
| Buys | |||||||
|---|---|---|---|---|---|---|---|
| Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| Aberdeen Diversified Income and Growth Trust | Tom Challenor | 13 Apr 17 | 120,000 | 117.5 | 141,000 | 155,491 | 0.047 |
| Asa Resource | Scott Morrison | 19 Apr 17 | 383,516 | 1.28 | 4,909 | 6,283,516 | 0.371 |
| BOS Global♥ | Michael Travia | 13 Apr 17 | 221,666 | 11.8 | 26,157 | 29,640,677 | 43.002 |
| British American Tobacco | John Stevens (fd) | 18 Apr 17 | 484 | 5277.67 | 25,544 | 84,256 | 0.005 |
| CPPGroup | Sir Richard Lapthorne (ch) | 13 Apr 17 | 500,000 | 15 | 75,000 | 1,200,000 | 0.140 |
| Chaarat Gold | Martin Wiwen-Nilsson | 13 Apr 17 | 7,287 | 19.75 | 1,439 | 8,989,310 | 2.555 |
| Chaarat Gold | Martin Wiwen-Nilsson | 13 Apr 17 | 10,000 | 19.5 | 1,950 | 8,982,023 | 2.553 |
| Chaarat Gold | Martin Wiwen-Nilsson | 13 Apr 17 | 95,640 | 20 | 19,128 | 9,209,950 | 2.618 |
| Chaarat Gold | Martin Wiwen-Nilsson | 13 Apr 17 | 125,000 | 19.95 | 24,938 | 9,114,310 | 2.591 |
| Chaarat Gold | Martin Wiwen-Nilsson | 18 Apr 17 | 3,895 | 20.75 | 808 | 9,251,689 | 2.630 |
| Chaarat Gold | Martin Wiwen-Nilsson | 18 Apr 17 | 12,221 | 20.5 | 2,505 | 9,263,910 | 2.633 |
| Chaarat Gold | Martin Wiwen-Nilsson | 18 Apr 17 | 18,691 | 20.25 | 3,785 | 9,247,794 | 2.629 |
| Chaarat Gold | Martin Wiwen-Nilsson | 18 Apr 17 | 19,153 | 19.75 | 3,783 | 9,229,103 | 2.624 |
| Chaarat Gold | Martin Wiwen-Nilsson | 18 Apr 17 | 71,040 | 20 | 14,208 | 9,334,950 | 2.654 |
| Chaarat Gold | Martin Wiwen-Nilsson | 19 Apr 17 | 10,000 | 20.75 | 2,075 | 9,412,301 | 2.676 |
| Chaarat Gold | Martin Wiwen-Nilsson | 19 Apr 17 | 10,000 | 20.75 | 2,075 | 9,422,301 | 2.678 |
| Chaarat Gold | Martin Wiwen-Nilsson | 19 Apr 17 | 11,000 | 20.75 | 2,283 | 9,402,301 | 2.673 |
| Chaarat Gold | Martin Wiwen-Nilsson | 19 Apr 17 | 13,027 | 20.5 | 2,671 | 9,374,125 | 2.665 |
| Chaarat Gold | Martin Wiwen-Nilsson | 19 Apr 17 | 17,176 | 20.75 | 3,564 | 9,391,301 | 2.670 |
| Chaarat Gold | Martin Wiwen-Nilsson | 19 Apr 17 | 26,148 | 20.25 | 5,295 | 9,361,098 | 2.661 |
| EMIS | David Sides | 18 Apr 17 | 2,000 | 921.95 | 18,439 | 2,000 | 0.003 |
| F&C Private Equity Trust | Richard Gray | 19 Apr 17 | 10,000 | 334 | 33,400 | 10,000 | 0.014 |
| GETECH♥ | Peter Stephens | 13 Apr 17 | 25,000 | 31 | 7,750 | 1,538,500 | 4.096 |
| Globalworth Real Estate Investments | Dimitris Raptis | 18 Apr 17 | 15,000 | 750 | 112,500 | 374,222 | 0.414 |
| Globalworth Real Estate Investments | Ioannis Papalekas | 18 Apr 17 | 98,200 | 750 | 736,500 | 23,377,101 | 25.860 |
| Harwood Wealth Management♥* | Christopher Mills | 19 Apr 17 | 560,000 | 150 | 840,000 | 570,221 | 0.912 |
| Hostelworld | Michael Cawley | 13 Apr 17 | 20,000 | 282.925 | 56,585 | 20,000 | 0.021 |
| Hunters Property | Edward Jones (cfo) | 13 Apr 17 | 45,000 | 55 | 24,750 | 3,723,038 | 11.773 |
| Menzies (John) | Paul Baines | 19 Apr 17 | 3,000 | 668.5 | 20,055 | 3,000 | 0.004 |
| Nature | Berend van Straten (ch) | 18 Apr 17 | 75,000 | 8.75 | 6,563 | 349,000 | 0.440 |
| Polar Capital Technology Trust | Sarah Bates | 18 Apr 17 | 5,000 | 914.5 | 45,725 | 9,000 | 0.007 |
| Premier Oil | Iain Macdonald | 13 Apr 17 | 23,076 | 65 | 14,999 | 23,076 | 0.005 |
| Sabien Technology* | Bruce Gordon (ch) | 19 Apr 17 | 9,250,000 | 1 | 92,500 | 14,745,000 | 13.374 |
| Sabien Technology* | Karl Monaghan | 19 Apr 17 | 1,000,000 | 1 | 10,000 | 2,522,495 | 2.288 |
| Tesco | Simon Patterson | 13 Apr 17 | 100,000 | 185.29 | 185,290 | 100,000 | 0.001 |
| Upland Resources♥ | Bolhassan Di | 19 Apr 17 | 750,000 | 1.27 | 9,525 | 10,096,160 | 2.635 |
| Zenith Energy | Andrea Cattaneo (ceo) | 18 Apr 17 | 100,000 | 10.23 | 10,230 | 1,647,485 | 1.425 |
Sells | |||||||
|---|---|---|---|---|---|---|---|
| Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
| Ashmore♥ | Tom Shippey (fd) | 18 Apr 17 | 9,079 | 366.4 | 33,265 | 110,921 | 0.016 |
| Ashmore♥ | Tom Shippey (fd) | 19 Apr 17 | 115,229 | 350.63 | 404,027 | 0 | 0.000 |
| EG Solutions | Elizabeth Gooch (ceo) | 13 Apr 17 | 793,650 | 61 | 484,127 | 4,435,430 | 19.554 |
| Fisher (James) & Sons♥ | S Kilpatrick (fd) | 18 Apr 17 | 5,000 | 1716 | 85,800 | 36,503 | 0.073 |
| Gamma Communications | Andrew Stone | 18 Apr 17 | 50,000 | 530 | 265,000 | 850,500 | 0.924 |
| Harwood Wealth Management* | Mark Howard | 19 Apr 17 | 666,500 | 150 | 999,750 | 10,033,006 | 16.042 |
| Harwood Wealth Management♥* | Neil Dunkley | 19 Apr 17 | 333,250 | 150 | 499,875 | 6,560,606 | 10.490 |
| Harwood Wealth Management* | Neil Dunkley | 19 Apr 17 | 333,250 | 150 | 499,875 | 6,893,856 | 11.023 |
| Hiscox♥ | Robert Childs (ch) | 13 Apr 17 | 50,000 | 1126.201 | 563,101 | 1,409,610 | 0.493 |
| Hiscox | Robert Childs (ch) | 13 Apr 17 | 50,000 | 1126.201 | 563,101 | 1,459,610 | 0.511 |
| Purplebricks | Nick Discombe | 19 Apr 17 | 1,600,000 | 300 | 4,800,000 | 4,812,788 | 1.779 |
| Taptica International | Yaniv Carmi (cfo) | 18 Apr 17 | 155,000 | 300.31 | 465,481 | 294,572 | 0.487 |
*Placing/tender/open offer ♥Spouse/connected party | |||||||
