Online estate agent Purplebricks' share price has risen to 145p, impressing some quarters, but the company's recent £360m valuation has left others "perplexed". “They recruited 124 Local Property Experts (‘LPEs’) Purplebricks said revenue for the first six months of 2016 rose by 159% to £18.7m, while sales grew by 159%. The company is owned by a group of investors including former RBS boss Sir Fred Goodwin, who was appointed as chief executive in July. The Telegraph reported the online firm as having posted a loss of £2.8m.
Online estate agent Purplebricks' share price has risen to 145p, impressing some quarters, but the company's recent £360m valuation has left others "perplexed". Purplebricks said revenue for the first six months of 2016 rose by 159% to £18.7m, while sales grew by 159%. The company is owned by a group of investors including former RBS boss Sir Fred Goodwin, who was appointed as chief executive in July. The Telegraph reported the online firm as having posted a loss of £2.8m.