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Bestace's Latest Comments

Purplebricks (LON:PURP) have as good as confirmed in the placing RNS that the £50m raised will not be sufficient, so there will be further placings to come."The Company's strategic growth plans through expansion into the US property market is also expected to involve significant operating cash outflows and capital investment, which is likely to exceed the net proceeds of the Placing received by the Company."

The Tristel webcast is here:

Purplebricks (LON:PURP) - I struggle with the comparison to Rightmove (LON:RMV) in the context of a 'winner takes all' strategy. Such a strategy works where there is a natural monopoly or where network effects exist, however I am not convinced either is true in the case of online estate agents. Prospective buyers go to Rightmove as a first port of call, not to an estate…

I agree that lack of strong top line growth seems to be the issue with Zytronic (LON:ZYT). The narrative of transition from non-touch to touch revenues does have some merit, but even within the supposed growth area of touch screens, growth seems to have slowed over the last year to around 5% compared to 16% the year before. These are the half year breakdowns for…

It's not insignificant, but then again a 2% LFL increase on the topline amounts to roughly £2.4m which more than covers the increase in business rates. Granted there are other cost increases which also have to be covered, but I don't think the business rates issue blows a hole in the investment thesis for Revolution Bars (LON:RBG).

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