Purplebricks stems cash outflow but still losing money

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 s...

You are unauthorized to view this page.

Previous articleComcast shares flat as Cats receives a less than purrfect reception
Next articleAB Traction takes Driver stake
Avatar photo
Andrew Hore is the publisher of AIM Journal, which is an online monthly publication covering the Alternative Investment Market.