Axel Springer

1795 days ago

Purplebricks: Dumb Hun-ny – "resigned" founder Bruce sells all his shares to Axel Springer

Michael Bruce founded Purplebricks (PURP) and was its boss until he “was resigned” after the most recent lack of profits warning.  Having sold £25 million worth of shares at 360p to Germany’s Axel Springer last March (when the Krauts also spunked £100 million on new shares at the same price), he is not short of a bob or two but today he dumped his remaining 46 million shares on Springer at £1 a pop.

2230 days ago

Axel Springer invests £125 million but Purplebricks bosses are dumping shares as it issues profits alert

The good news for Neil Woodford and the other saps who own Purplebricks (PURP) shares is that German media conglomerate Axel Springer has invested £125 million at 360p - a material premium to thge recent VWAP. But then there is the bad news...