Purplebricks is feeling bullish about its half-year profits which could give the struggling hybrid agency a much-needed boost and helping its share price rise by nearly 6% yesterday.Its trading update for the six months ending 31st October details strong levels of new instructions during the last five months, despite a slow start after the lockdown, which would see it report an 8% increase to 35,387 instructions.But it’s too early to say whether the new ‘Gold’ fee trial introduced in September, offering London vendors a £399 upfront service followed by a £4,100 completion fee, has helped to deliver more customers.Purplebricks sold its Canadian business in order to concentrate on the UK a year after closing both its failed Australian and US operations. It says this focus means adjusted EBITDA for the first half of the year is expected to be comfortably ahead of the company consensus for the full year of £3.5m. It’s also sitting on more than £75m in cash reserves after the sale.Market pickupCEO Vic Darvey (pictured, above) believes its proposition has never been more relevant, particularly in the current market, and says its strategy has helped capitalise on the pick-up in market activity.“We expect to deliver a pleasing profit performance in the first half, but it is too early to extrapolate this out to the second half of the year given the expected end to the stamp duty holiday and the potential impact of increased COVID-19 restrictions on the housing market,” says Darvey. “As a result, we are planning cautiously around the outlook for the full year.”The platform will publish its full unaudited half-year results on 15th December.Purplebricks vic darvey November 3, 2020Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Agencies & People » Purplebricks to report pukka post-Covid lockdown profits previous nextAgencies & PeoplePurplebricks to report pukka post-Covid lockdown profitsCompany says its got plenty of cash following Canadian business sale and saw instructions lift by 8% over past six months.Nigel Lewis3rd November 202001,220 Views
Hull defender Paul McShane expects to be out for six months with the ankle injury sustained against Southampton on Tuesday. Republic of Ireland international McShane is convinced he faces a lengthy spell on the sidelines, though. He told the Irish Daily Star: “I am out for six months with an ankle ligament injury and micro fracture of the bone. “I am going for an operation next Monday and I have to get myself right as quickly as I can. “It’s very frustrating to be honest as I was feeling very good. Now I must battle back as quickly as I can.” The news ends a frustrating first season back in the top flight for McShane, who has also suffered hamstring trouble this season and has featured just nine times in the Barclays Premier League. Press Association McShane was taken from the field on a stretcher following a collision with goalkeeper Steve Harper at the KC Stadium and was immediately sent to hospital. The club have requested follow-up scans to determine the extent of the damage, but they will not be possible until early next week when the swelling has subsided.
ORLANDO >> The text messages filled Julius Randle’s inbox arguably as quickly as he runs the fast break.Randle and his fiancée, Kendra Shaw, welcomed the birth of their first baby boy on Friday morning in Los Angeles. Shortly after, Lakers coach Luke Walton, D’Angelo Russell, Jordan Clarkson and Nick Young were among the team’s brass to text him with a congratulatory message. “I’m just proud of him,” Young said after the Lakers’ 109-90 loss to the Orlando Magic on Friday at Amway Center. “He’s got a little Julius out there now.”Randle’s son is actually named Kyden, who weighed in at 8 pounds, 9 ounces and 21 inches tall. The Lakers reported that Kendra Shaw and Kyden Randle are doing fine. Newsroom GuidelinesNews TipsContact UsReport an Error Though Jackson has won 11 NBA championships, plenty of NBA teams dismiss his triangle offense. So, Jackson advised Shaw to distance himself from his influence during coaching interviews. That connection, though, prompted Magic coach Frank Vogel to add Shaw to his coaching staff with the Indiana Pacers (2013-15). Then, Vogel often asked Shaw one question that covered various scenarios. “It was, ‘How would Phil do it?’” Vogel said. Vogel asked those questions on various issues, such as how did Jackson organize shootarounds or determine when to rest a player. Most of the themes centered on Jackson’s coaching demeanor. “Phil wasn’t high strung,” Vogel said. “There is a lot of talk about his Zen. But it’s a calm mental adjustment. There’s great value in that. I d like to think my personality is more that way than the ‘raging, yell-at-everybody’ type of coach. I drew confidence that type of approach works.”Injury updateLakers guard Jose Calderon completed a pre-game workout, which marked some progress since missing the past 10 games with a strained right hamstring. Calderon expects to practice soon, though when remains unclear. Lakers forward Tarik Black missed Friday’s game in Orlando in what marked the eighth game he has sat in the past nine contests because of an injured right ankle. Black could return on Sunday against the Clippers, though he would need to complete a pre-game workout since the Lakers will not practice on Saturday. Randle missed games in Miami and Orlando this week to be with his fiancée. But the Lakers expect that Randle will play on Sunday against the Clippers at Staples Center.Young, who has a son named Nick Jr., joked he did not plan on offering Randle any fatherly advice just yet. “I don’t want to teach him the ways yet,” Young said. “I want him to deal with the late night wake ups when the mom don’t want to wake up and he’s got to rock (Kyden) to sleep. Once he gets back to one or 11 months, I’ll teach him on the basketball court and teach him how to shoot.” The Zen approachA running joke between former Lakers coach Phil Jackson and former Lakers associate coach Brian Shaw illustrated the interesting juxtaposition regarding Jackson’s reputation.