Peel Hunt has published its latest analyst research on estate agency Purplebricks (LON: PURP) following the publication of its interim results on 12 December. Cash is still flowing out of the business due to the closure of most of the overseas operations, but there is still a substantial cash pile of £41.6m.
Peel Hunt believes that Purplebricks could make a small profit in 2021-22 and it expects the company to still have a significant cash pile.
However, the UK operation will make a much smaller profit contribution this year and the remaining overseas operation in Canada is likely to mak...
