Star investor Neil Woodford has revealed the AIM share he thinks has tremendous potential for the future. The share in question is Purplebricks Group PLC, an online estate agency firm that came to market last year.
Through his Patient Capital Investment Trust Woodford was one of the earliest investors in the firm, back when it was an unlisted company, and so has seen a substantial gain.
He commented, ‘Its shares have now doubled since its IPO in December 2015 as the stock market has started to appreciate the long-term growth opportunity that exists for the company in disrupting the UK’s traditional estate agency business model. Furthermore, a trading update during the {past} month also confirmed that the roll-out of its Australian business is progressing well, providing further evidence of the substantial international opportunity that exists for Purplebricks.’