A nice profit banked in 10 days

Purple Bricks Logo

According to a Stock Exchange (RNS) announcement on the 25th July,  Purplebricks Group plc  the hybrid estate agent was notified that on 22 July 2016, Joby Russell, Chief Marketing Officer, who is considered to be a person discharging managerial responsibilities, sold 243,618 ordinary shares of 1 pence each at a price of 140.00 pence per Ordinary Share.

Previously Joby Russell on the 12th July had  repectively  exercised options over  243,618 ordinary shares at a price of 12.93p, that is a profit of 127.07p per shares, an overall profit of £309,565.39.

Well that has to be “nice work if you can get it” £309,565.39 profit in 10 days.

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Breaking News

East of England struggling to meet demand for large family homes

The East of England is facing a growing shortage of large family homes, according to new analysis from UK Property Development (UKPD), creating increasing challenges for buyers leaving London in search of more space, better quality of life, and access to one of the capital’s most desirable commuter regions. UKPD analysed live property listings data*…
Read More
Breaking News

One in four tenants evicted a month ahead of the Renter’s Right Act

New analysis of 150,000 tenancies by COHO reveals that the Renters’ Rights Act (RRA) drove an estimated 73,900 additional tenancy eviction notices since 2023, with nearly 20,000 issued in the final month before the legislation came into force on 1 May. The data released this month by the property management software developer, revealed a sharp rise in evictions,…
Read More
Breaking News

First-time buyers paying £38K up front

Average cost of buying a first home climbs above £38,000 as removal costs surge New research from Lyons Bowe that the average cost of buying a first home now stands at £38,353, with first-time buyers facing substantial upfront costs beyond the purchase price itself, as removal costs continue to soar. Lyons Bowe examined the average…
Read More
Rightmove logo
Breaking News

Sellers Look to Entice Summer Buyers  

Larger than usual June price drop as sellers look to entice summer buyers   Average price of property coming to market falls by 0.6% (-£2,113) this month to £376,191, the biggest June fall in fourteen years, as sellers look to entice summer buyers, leaving prices 0.5% below a year ago:​ Summer is typically slower than…
Read More
Estate Agent Talk

Property sitting on the market? Experts reveal top tips to unlocking property sales

Many homeowners understand the frustration of properties sitting on the market for extended periods of time with no sale on the horizon. Leading estate agency group, Beresfords, has released advice to help sellers take control of their sales journey. With the average time from initial marketing through to a successfully agreed offer now standing at…
Read More
LIVING BY THE SEASIDE 2022
Breaking News

Demand for Coastal Living Remains Remarkably Resilient

Coastal house prices fall by as much as 38%, but seaside hotspots still command premiums of up to 76%   The latest research by Yopa has revealed that house prices across some of the nation’s most popular seaside hotspots have fallen by as much as -38% over the last year. However, many continue to command…
Read More