Is the Purplebricks dream over? This famous investment website thinks so

first_imgOne or the UK’s most respected share tipping and investor websites has given Purplebricks a significant thumbs-down in a damming blog written by one of its experts.The Motley Fool has advised investors to ‘dump’ shares in Purplebricks after concluding that the long-running period of rising share values in the company might “finally have come to an end,” he says.Purplebricks shares have been sliding since early August, when they hit their all-time peak this year at £5.08p each, after which they have dropped to £3.64p, a reduction of 28%.Purplebricks modelThe website says that, because the company has yet to clear a profit and trades on a price-to-sales ratio of 21, the valuation of its shares are “still sky high” and that it is not confident that the Purplebricks business model is a good one.“Essentially, it is a website and the company cannot patent its processes. Its only discernible advantages are its size and first-mover status and I’m not all that sure they are sustainable,” says The Motley Fool’s Zach Coffell (pictured, left).He also thinks rival hybrid agents including Countrywide’s recent foray into online offerings will make it more difficult to turn a profit in the near future, and says he is “uneasy” that Purplebricks does not publish its sales completion figures.Zach also questions why so many Purplebricks customers leave so many often positive views on the company’s much-trumpeted Trust Pilot account.“Maybe I’m overreacting to speculation here, but these concerns, combined with the excessive valuations firmly put me off Purplebricks,” he concludes. Purplebricks The Motley Fool Zach Coffell September 28, 2017Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Is the Purplebricks dream over? This famous investment website thinks so previous nextIs the Purplebricks dream over? This famous investment website thinks soThe Motley Fool, which is one of the UK’s best-known and respected share-tipping websites, is not impressed by the hybrid agency.Nigel Lewis28th September 201702,051 Viewslast_img read more

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Record-setting 2.2GW solar park in India now fully operational

first_imgRecord-setting 2.2GW solar park in India now fully operational FacebookTwitterLinkedInEmailPrint分享Clean Technica:One of India’s leading private renewable energy companies, Hero Future Energies, recently commissioned a 300 megawatt solar power project at Bhadla solar power park in Rajasthan. With this project, the solar park is now complete with installed capacity of 2,245 megawatts.Bhadla solar park is significant in many aspects. The solar park saw multiple record-low tariffs during some highly competitive auctions. Projects at the solar park were developed by multiple companies through public-private partnership.State government itself developed 745 megawatts of capacity, a joint venture company of IL&FS and Rajasthan government developed 1 gigawatt of capacity, while another joint venture between Adani Enterprises and Rajasthan government developed 500 megawatts.The park hosts 260 megawatts owned by India’s largest power generation company — the state-owned NTPC Limited.In May 2017, two separate auctions of 250 megawatts and 500 megawatts paved way for the lowest-ever tariff bid for a solar power project in India. The first auction saw a bid of Rs 2.62/kWh (US¢4.1/kWh), the lowest at that time. This bid was 9.2% lower than the previous lowest bid in India. Within two days the record of Rs 2.62/kWh was shattered by Acme Cleantech Solutions. The company secured 200 megawatts of capacity in the 500 megawatt auction at Rs 2.44/kWh (US¢3.8/kWh). This remains the lowest-ever solar power bid in India to date. In December 2019, another 750 megawatts of capacity was auctioned. Tariff bids increased marginally to Rs 2.47/kWh (US¢3.8/kWh).SB Energy, a joint venture of SoftBank, Foxconn and Bharti Enterprises, possibly owns the largest capacity in the park at 600 megawatts, secured across three auctions. Other major developers with projects at this solar park include ReNew Power, Acme Solar Holdings, Hero Future Energies, and Azure Power.[Saurabh]More: 2.2 gigawatt solar park in India’s Rajasthan state now fully operationallast_img read more

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Lily May holds her nerve to win U14 crown

first_img Essex golfer Lily May Humphreys held her nerve through a tight showdown to win the English U14 girls’ open championship at Royal Cromer.The 13-year-old from Channels (image © Leaderboard Photography) had started the final round with a two-shot lead and at one stage, helped by two birdies and an eagle in the first four holes, she extended her advantage to five shots.But her playing partner, Mimi Rhodes, gradually pulled her back and after she birdied the 16th, the two girls were level. Both parred the 17th before Humphreys claimed the title on the 18th with a six, to win by a shot.She finished the championship on five-over par while Rhodes, who is based in Spain, was runner-up for the second year in a row. Third place was taken by Caitlin Whitehead (Kendal) on eight over.“I just wanted to try and do my best and see how I could do. I feel so proud for my mum and dad because they’ve really helped me along, helped me to practice and to improve my game,” said Humphreys, who is also the Essex girls’ champion.She played in this championship last year and came 10th. “I didn’t think I could improve so much that I’d be able to come from 10th to win,” she added.Now, having tested herself, Humphreys plans to move up to U16 level next year.Click here for the full scores 30 Jul 2015 Lily May holds her nerve to win U14 crown last_img read more

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