There seems no end in sight for the share turmoil going on at Purplebricks, with several new developments on Friday before trading closed for the weekend.
Firstly there was another reduction in the stake held in the agency by beleaguered fund manager Neil Woodford - his third sell-off in as many days.
In Friday’s move his stake in the company was reduced from 21.51 per cent to 19.25 per cent; this time last week it was 28.9 per cent. In total Woodford has recovered some £30m from the share sell-off.
Secondly on Friday the London-based Merian Global Investors (UK) Limited - another investment fund, which was already an investor in the hybrid agency - increased its stake from 14.36 per cent to 16.60 per cent.
Thirdly Purplebricks appointed a joint corporate broker to handle its corporate share-based activities: previously it was just Peel Hunt but it has now appointed Citigroup Global Markets Limited (more commonly called just Citi) as joint corporate broker alongside Peel Hunt.
This has been interpreted as suggesting Purplebricks is seeking to appeal to a wider range of investors.
In late trading on Friday Purplebricks’ share price showed a small gain on the day, closing at 108.60p.
That other source of stock market fascination, Countrywide, fell back very slightly to close at 3.65p.