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UBS believes firm may need to spend more to support the business than market thinks
Thursday 21 Dec 2017 Author: Tom Sieber

Online estate agent Purplebricks (PURP:AIM) saw its share price come under some pressure after a mixed set of first half results
(13 Dec). The business remains loss-making despite group revenue rising 150% to £46.8m in the period.

Investment bank UBS says cost increases needed to support the business long-term may be higher than the market anticipates. At 382.5p the stock still trades at nearly four times its December 2015 stock market flotation price. (TS)

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