x
By using this website, you agree to our
use of cookies
to enhance your experience.
SEARCH
Search
STAY
CONNECTED!
Sign in
Sign in
New here? Sign up
Feedback
My Account
Feedback
Sign out
×
Make Today's Website as home page
Menu
Estate agent today
News
Features
Guides & Tips
NEW
Trade Directory
Archive
Advertise with us
Letting agent today
News
Features
Guides & Tips
NEW
Trade Directory
Archive
Advertise with us
Landlord today
News
Features
Guides & Tips
NEW
Trade Directory
Archive
Advertise with us
Property Investor today
News
Guides & Tips
NEW
Trade Directory
Archive
Advertise with us
Introducer today
News
Guides & Tips
NEW
Trade Directory
Archive
Advertise with us
Property Jobs Today
Home
Find a Job
Search Recruiters
Recruiters
New
Justin's
Personal Profile
View my company profile
Justin OHara
1135
Profile Views
About Me
Send message
View company profile
Follow all comments made
my expertise in the industry
Justin's wall
Justin's
Recent Activity
The Bruce brother are at it again to take investors money on hype. Their egos are unmatched after they cashed out of Purplebricks on the backs of dissatisfied and over worked estate agents, employees and investors. Michael assembled the same team and no one will respond to the new leadership added for optics. They ran Purplebricks stock up on global expansion and sold before reporting results to the street. That should be investigated and they were lucky Axel Springer was bought out and their investment in PB was swept under the carpet or they would go after them. It will be interesting to see if estate agents are naive enough to use their platform after years of getting beat up by them in adverts. There Agent Together program was simply a funnel to try to win the trust of the market. Cheers!
From:
Justin OHara
22 July 2020 20:09 PM
Vic is dead wood, he has no clue what he is doing. He already lost the team based on resignations and his strings are being pulled by Paul Pindar, Chairman.
From:
Justin OHara
21 October 2019 22:07 PM
Vic to rescue - LOL. Bruce brothers built a high-growth company, only to crash it as it matured poorly influencing all decisions not trusting anyone but incompetent friends. They did extract wealth in the process on questionable stock sales at the expense of all the LPEs working for peanuts. This stock is now a wet dog and the Board let too much damage already take place with Paul Pindar, Chairman keeping his head down while the Bruce brothers destroyed the same company they founded. By the time Paulie Boy reacted, it was too late. Michael & Kenny injected themselves on everyone. . . Vic has a tough job ahead of himself learning a new industry at the same time.
From:
Justin OHara
27 August 2019 15:02 PM
Michael and Kenny Bruce should be investigated ("pump and dump scheme") with how they ran up the stock on global expansion and SOLD while employees could not. Unless you were their family or close friends from their former estate agency days. They fraudulently played the system while ruining many many lives.
From:
Justin OHara
20 August 2019 05:24 AM
What a joke. Kenny Bruce and his brother squeezed many people to work for nothing so they could drive the stock higher on global expansion headlines and cash in on everyone's efforts. Played the market well only to sell before reporting to the city. They should be investigated. His social media followers are just looking for another job. Fun to watch!
From:
Justin OHara
28 June 2019 00:09 AM
"Well done to the Bruce's - Purplebricks has been Goldenbricks for them. . ." You have to give those Bruce brothers credit for pulling the wool over employees and investors eyes. As for a business, its a dead horse like Kenny's stable. None of the LPEs saw any proceeds from their CSOP. Only original founding executive team that included David Shepherd, Kevin Kavanagh, Neil Cartwright, Matthew Farrow and of course, Bruce brothers and a few Board members. Irish boys played it well at the expense of all those working for crumbs believing in the future of their stock. We are surprised Axel Springer made such a poor investment decision in a dying asset. Perhaps, they need to cover up their loss with potential KKR money?
From:
Justin OHara
11 June 2019 16:36 PM
We commented on another article today and shocked Axel Springer would make such a foolish investment with the business declining in every market. As accurately reported, the UK is experiencing significant churn, the only market investors claim has a chance. Bruce brothers cashed in on the backs of hard working LPEs who received nothing. Not sure how they sleep at night with false promises. Vic Darvey is out of his league right now and there is no other leadership in the company. US is dead and Aus is out. This company is not worth 300M. KKR will rescue Axel Springer when they go private so at the end of the day, all institutional dumb money.
From:
Justin OHara
03 June 2019 15:36 PM
We thought those Germans were smart. Averaging down on a dead business is never a good investment.
From:
Justin OHara
03 June 2019 12:43 PM
I disagree. The wheels have fallen off and any talent ran for the doors. There is no tech platform, one archaic monolithic code base, no leadership today and burn rate is extensive. If they just isolate the UK, they may have a chance. US is dead and Aus is closing. An investor would be better funding a different asset given the mess this company is in.
From:
Justin OHara
03 June 2019 12:04 PM
We are amazed on how a fund of that size would even consider such a poor investment with their limited partners money. Purplebricks is a dog that will shut down USA operations too. The model is broken with leadership and LPEs already exited over the past few months in all markets. Bruce brothers already made their fortune thanks to Axel Springer and the Board responded to slow to push the Bruce's out of the business. They created significant damage over the past year with poor marketing and business model decisions. They influenced all local operations and will be surprised if their actions are their share dealings are not reviewed. They must be hiding their money now to protect it. Talent in the UK has already resigned with even more turnover happening daily. LPEs territories are open due to people exiting. Money is not the answer. Good luck and fun to watch!
From:
Justin OHara
22 May 2019 18:50 PM
It's the last man standing at Purplebricks in the US. The broader US hires already exited with daily resignations and all signs point to them unwinding US operations or just keeping the lights on in California. We see the share price going below 80
From:
Justin OHara
21 May 2019 02:23 AM
As a former investor with direct insight into the business, I can tell you that Michael and Kenny Bruce disrupted the business and influenced all decisions in every market, never letting their local teams lead. They only trusted incompetent friends and family hires to watch every move across all markets, providing them with positions they were not qualified. In fairness, Bruce brothers do deserve credit for the early success during the first 9 months of Purplebricks, but the Board acted 1-2 years too late to move them out. Paul Pindar, Chairman should be questioned with a poor track record including eve sleep where he is also chairman. Stock trading at 52-week low with executive turnover. Bruce brothers used the hype of international expansion to drive the stock high on speculation with investors, then personally sold million in shares timing the market before reporting to the city. They have no downside this year and already took money off the table, along with a select few to their friends and family. Most recent sale was Axel Springer for their personal gain while LPEs watched the stock drop afterwards, not able to sell give the CSOP scheme. Vic Darvey, new CEO does not have the respect of the team and has no estate agency experience. A Paul Pindar hire, stiff and not suited for the position. People are running for the doors and in then US and UK, resignations are daily. Losing key employees with CEO's across UK, Aus and US already exited given the Bruce brothers influence on all operations, business model and marketing initiatives (UK campaign rolled out in all markets). There are now no leaders remaining in the US and Aus is now winding down. We expect US to shutdown within 30-60 days with a formal announcement as they attempt to go private if they can find a naive PE firm. Shakeup needs to happen at the Board level too. It's a shame, the Board did not act faster to move the brothers out so they could keep their dignity. At least the cashed in early at the expense of the LPEs (and Axel Springer) and laughed all the way to the bank.
From:
Justin OHara
08 May 2019 04:05 AM
Mike Delprete is just trying to preserve his reputation as a prop tech analyst. He's been long on Purplebricks since day one, despite their continued disappointment in market missing results year after year. Not sure if he is taking an unbiased view on the company. Seems he is just trying to keep his creditability and he has done good work covering ibuyers. Purplebricks lost their CEO's in all 3 markets, are losing LPEs and have an uncontrollable burn rate. Even if they raise capital, there model is not sustainable and they don't have any leaders with Bruce brothers. In the UK, LPEs have run for the doors and their CEO.
From:
Justin OHara
23 April 2019 03:24 AM
John Lawson come on. No matter how you try to position the business, it's failing miserably. Woodford made money fair (loss millions from high), but how about Axel Springer who just invested last year you are referencing (£125M) at 375p and now the stock is at 129p, down 66%! How about all the LPEs underpaid that were fooled by the Bruce brothers with the promise of fortunes (stock options) that have no value today. Michael and Kenny Bruce brothers sold and made millions pulling the stock lower. PB will be out of business unless purchased by a foolish buyer. Not sure their rich German uncle wants any more of this dog.
From:
Justin OHara
05 April 2019 18:18 PM
Do you look at their financials and share your thoughts with investors "job of growth is done." Maybe you did, that's why their price target is at 80p. They will implode and have no leadership. Key people (LPEs and senior leaders) in Aus, UK and US already walked out the building.
From:
Justin OHara
05 April 2019 11:49 AM
It's just a matter of time until Purplebricks crashes below 80p. LPEs are exiting at a rapid pace in UK while Aus and US struggle with Bruce brother's toxic influence. They lost key people across all markets and Kenny and Michael Bruce are punching above their weight. Kenny is in the UK now getting in the way and Michael continues to negatively influence all areas of the business in Aus and US, despite no experience in these countries with the market. When will the Board and investors step in and bring in adults to run the company and move them out? Paul Pindar, chairman of Purplebricks is trying to rescue his other investment, eve sleep where that stock crashed too.
From:
Justin OHara
05 April 2019 11:37 AM
Lorem Ipsum dolor sit amet
Viewed From: Breaking News
Today 14:58
Lorem Ipsum dolor sit amet
Viewed From: Video Archieve
Today 14:58
Portal Discussions
Joined Group From: Your Community
Today 14:58
Lorem Ipsum dolor sit amet
Viewed From: Industry View
Today 14:58
Lorem Ipsum dolor sit amet
Viewed From: Industry View
Today 14:58
Lorem Ipsum dolor sit amet
Conversation Comment in: Interior Design
Today 14:58
×
Send a message
Message
×
Write on Wall
Message
×
Send a message
Reply to:
Message
Breaking News
Zoopla: Asking price discounts narrow as market mood improves
Rightmove: Time on the market hits five-year high
Douglas & Gordon administrator waiting on HMRC for preferential payouts
JONATHAN ROLANDE: Buying and selling is too stressful – here is how agents can ease the burden
Agents Do Charity - an 'egg-cellent' week for fundraising
A game changer? Yorkshire Building Society launches 99% loan-to-value mortgage for first-time buyers
MPs launch inquiry into home buying and selling process
Zoopla secures new long-term deal with Dexters
High mortgage rates close gap between buying and renting costs - Halifax
Property platform unveils ads aimed at reducing moving stress
Justin's Recent Activity
From: Justin OHara
22 July 2020 20:09 PM
From: Justin OHara
21 October 2019 22:07 PM
From: Justin OHara
27 August 2019 15:02 PM
From: Justin OHara
20 August 2019 05:24 AM
From: Justin OHara
28 June 2019 00:09 AM
From: Justin OHara
11 June 2019 16:36 PM
From: Justin OHara
03 June 2019 15:36 PM
From: Justin OHara
03 June 2019 12:43 PM
From: Justin OHara
03 June 2019 12:04 PM
From: Justin OHara
22 May 2019 18:50 PM
From: Justin OHara
21 May 2019 02:23 AM
From: Justin OHara
08 May 2019 04:05 AM
From: Justin OHara
23 April 2019 03:24 AM
From: Justin OHara
05 April 2019 18:18 PM
From: Justin OHara
05 April 2019 11:49 AM
From: Justin OHara
05 April 2019 11:37 AM