Estate agency Purplebricks (LON: PURP) joined AIM at an inflated valuation and it had over optimistic plans to take over the world with its take on selling houses. That international expansion did not succeed.

The share price peaked at more than 500p in the summer of 2017 and it has fallen by more than 95% since then and it is just above its all time low.

The latest slip up relates to the lettings management business. This relates to how the company has handled the deposits of tenants and related documentation. This could lead to a provision of between £2m and £9m. The final figure is s...