Purplebricks Group - Analyst interview, Zeus Capital
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Zeus Capital provide their view on Purplebricks full year results to 30 April 2016 and the company's business model. Purplebricks’ revenue, gross profit and increase in cash were marginally ahead of Zeus' expectations. Overall they maintain their forecasts of the UK profit before share based compensation. Including the revenue contribution from the Australian subsidiary, Zeus have increased their FY18e forecast by 13%.