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John Smith
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We think what many people forget is, that it's not what's happening now, but where PB could be in the years to come that many Investors are focusing on. The market is changing and they are probably going to be one of the key leaders in the future. After the initial morning drop from the Sunday times article. They bounced back form a low of 410p to a close of 465p today on strong volume all afternoon. All this buying came in during the afternoon when the US markets became operational. Many investors in the US are heavily buying technology this year and PB could be on their radar. Once PB get their operation in full swing in the US this year it might attract even more buying.
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John Smith
14 August 2017 18:24 PM
Yes, there is more growth ahead for Purple bricks as Woodford says. We can't stop the way that people want to do business in the future, we just have to adapt to it. What we have done is invest heavily in Purplebricks. If it takes off then we make good profits which will compensate us for any future loss of our core business. Then we will restructure ourselves to fit new market conditions.
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