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PURPLE GROUP LTDPURPLE GROUP LTDPURPLE GROUP LTD

PURPLE GROUP LTD

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PPE.JSE Purple Group 3 Year Trend Cloud & FIB Study.Purple Group has disappointed many Shareholders. This is a 3 Year Study. I'm not Brave enough to call this Long yet, and will rather wait for more definitive Price Action above R0.90 However the Stock is way oversold, at the 7th Wave down. As always, please get a few outside Expert's Advice before taking Trade or Investment Decisions. Should you appreciate my Chart Studies, Smash That Rocket Boost Button. It's Just a Click away. Regards Graham.
JSE:PPE
by hitchcoxg
4
Our opinion on the current state of PURPLE(PPE)Purple Group (PPE) is a dynamic player in the financial services industry, offering accessible trading and asset management services with a focus on affordability for private investors. Its three core divisions: 1. Easy Equities: Known for democratizing access to the stock market, it allows small investments at minimal costs, such as just 64c for a R100 transaction. This division has attracted a significant base of first-time investors, with 150,000 active accounts. 2. Emperor Asset Management: This segment provides professional fund management services for clients seeking a managed investment approach. 3. GT247: A platform focused on derivatives trading, catering to more experienced or specialized traders. In May 2023, Purple Group completed a rights issue to raise R105m, offering shares at a substantial discount to their recent trading price. This move was supported by key shareholders and aimed at strengthening the company’s capital base. The financial results for the year ended 31st August 2024 showed impressive growth, with a 45.1% increase in revenue and a recovery to headline earnings per share of 1.77c, from a previous loss of 2.05c per share. Key performance metrics included: - A 24.8% increase in client assets to R58.2 billion. - A 10.4% rise in active retail clients to nearly 1 million accounts. - Revenue growth of 51.5% in the Easy Equities segment. The share has been well-traded, with over R1 million worth of shares changing hands daily on average. Technically, the share price had declined after forming a "double top" at 340c in early 2022, but began a strong rally in March 2024. A breakout through its 65-day moving average on 4th March 2024 at 66c marked the start of its upward momentum, reaching 113c recently. This suggests continued potential for further growth. Given your investment interests, do you want further insights on Purple Group’s market positioning, or would you like guidance on technical or fundamental analysis? Let me know how I can assist you further!
JSE:PPE
by PDSnetSA
Our opinion on the current state of PURPLE(PPE)Purple Group (PPE) operates as a dynamic trading platform and asset management company focused predominantly on the private investor market in South Africa. The company stands out for offering the lowest trading fees on the Johannesburg Stock Exchange (JSE), making it a compelling choice for budget-conscious investors. Its operational model is divided into three primary segments: 1. **Easy Equities**: This division democratizes investing by allowing the purchase of fractional shares at exceptionally low costs. For example, purchasing R100 worth of shares costs just 64c, making it accessible even for those with minimal investment capital. This platform has proven especially popular among first-time investors, with 95% of its accounts belonging to newcomers and a robust active investor base of 150,000. 2. **Emperor Asset Management**: This segment manages funds on behalf of clients, providing tailored investment solutions and strategies to maximize returns. 3. **GT247**: Serving as a derivatives trading platform, GT247 caters to more sophisticated investors interested in leveraging derivatives to speculate on price movements or hedge existing investment positions. On the financial front, Purple Group successfully finalized a rights issue on 18th May 2023, raising R105 million with the backing of over 27% of its shareholders. The terms of the issue offered shareholders 10.20567 new shares for every 100 shares held at a price of 81c each, representing a 31.87% discount to the volume-weighted average price as of the week ending 16th May 2023. For the six-month period ending 29th February 2024, Purple Group reported a remarkable revenue increase of 29.3% and a shift in headline earnings per share (HEPS) from a loss of 0.84c to a gain of 0.78c. This positive turnaround underscores the company’s resilience and the growing trust among its client base, even amid challenging economic conditions. Purple Group’s shares are actively traded, with an average daily turnover of around R400,000. After experiencing a "double top" formation peaking around 340c in early 2022, the share price suffered a decline but has shown signs of recovery since early March 2024. Following our investment strategy advice, the stock broke through its 65-day exponentially smoothed moving average on 4th March 2024 at 66c and has since advanced to 90c. Given the recent performance improvements and strategic initiatives, we see significant upside potential for Purple Group. The company's innovative approach to investing, combined with its ability to adapt to market demands and maintain high service levels, positions it well for continued growth and makes it an attractive investment prospect in the South African financial services sector.
JSE:PPE
by PDSnetSA
$JSEPPE - Purple Group: Bullish On Fundamentals & TechnicalsSee link below for previous analysis Purple Group released its interim group results for the six months ended 29 February 2024 yesterday and the market loved it. Highlights: -Group revenue increased by 29.3% to R188.8 million -Group operating expenses decreased by 0.4% to R141.8 -Profit attributable to ordinary shareholders of R10.9 million, compared to a loss of R10.6 million in the prior comparative period, representing an increase of 202.3%. - Group basic and headline earnings per share increased 192.9% to 0.78 cents per share - The Group's net asset value per share increased by 7.4% to 41.60 cents Technically, we have all that I previously mentioned; mainly -the target of 46cps has been reached to the cent -a clear break and consolidation above the zero-line by the MACD -12/50EMA has given a buy signal and the EMAs are now providing support -strong volume over the last 14 trading sessions These are good reasons to be optimistic that a bottom is in at 46cps.
JSE:PPELong
by Loyiso_BlaqueSoros_Mpeta
Our opinion on the current state of PURPLE(PPE)Purple Group (PPE) is a distinctive entity in the financial sector, specifically tailored for private investors and known for providing some of the lowest trading costs on the Johannesburg Stock Exchange (JSE). The company is segmented into three divisions: Easy Equities, Emperor Asset Management, and GT247. **1. Easy Equities:** This platform is particularly innovative as it allows investors to purchase fractional shares with minimal transaction costs. For example, buying R100 worth of a share costs only 64c. This feature has attracted a significant number of first-time investors, with 95% of the accounts opened under this category, resulting in about 150,000 active investors. **2. Emperor Asset Management:** This division manages funds on behalf of clients, leveraging expertise to deliver competitive investment returns. **3. GT247:** This platform caters to more sophisticated investors interested in derivatives trading, rounding out Purple Group’s offerings to cover a broad spectrum of investment needs. In May 2023, Purple Group undertook a rights issue to raise R105 million, supported by over 27% of its shareholders. This funding strategy offered shareholders an opportunity to buy additional shares at a substantial discount, specifically 81c per share, which was 31.87% below the volume-weighted average price as of mid-May 2023. Financial performance for the fiscal year ending 31st August 2023 showed a marginal revenue increase of 0.8%, though the company reported a headline loss of 2.05c per share, a downturn from the previous year's profit of 1.12c. Despite this loss, the net asset value (NAV) saw a growth of 6.3% to 40.8c per share. Notably, the client base expanded by 17.5%, with institutional client inflows up by an impressive 169.9%, pushing the assets managed across Purple Group’s platforms to R14.5 billion. For the six-month period ending on 29th February 2024, the company's trading statement projected an improvement in headline earnings per share (HEPS), estimating a range between 0.74c to 0.82c, which contrasts with a loss of 0.84c in the prior comparable period. This anticipated turnaround suggests a positive trajectory in operational performance. The shares of Purple Group are actively traded, with an average daily trading volume of around R400,000. The stock experienced a “double top” formation around 340c in early 2022, followed by a decline until early March 2024. Since then, the shares have been on an upward trend. Following our analysis, we recommended monitoring the 65-day exponentially smoothed moving average, which indicated a buying signal on 4th March 2024 at 66c. The share price has since increased to 70c, indicating a potential recovery and offering a possible entry point for investors considering the stock's recent performance and growth prospects.
JSE:PPE
by PDSnetSA
Our opinion on the current state of PPEPurple Group (PPE) is a trading platform and asset management company that is aimed mainly at the private investor and offers the cheapest costs of dealing in shares on the JSE. The company has three divisions: (1) Easy Equities which enables investors to buy very small quantities of shares with very low dealing costs. For example, buying R100 worth of a share costs the investors just 64c. 95% of accounts opened are first-time investors and the company has 150 000 active investors. (2) Emperor Asset Management which manages funds on behalf of clients and (3) GT247, a derivatives trading platform. On 18th May 2023 the company announced the finalisation of its rights issue to raise R105m and already had the support of more than 27% of its shareholders. Shareholders will be offered 10,20567 new shares for every 100 shares that they already hold at a price of 81c per share. The offer is at a 31,87% discount to the volume-weighted average price (VWAP) of the 7 days ending 16th May 2023. In its results for the year to 31st August 2023 the company reported revenue up by 0,8% and a headline loss of 2,05c per share compared with a profit of 1,12c in the previous period. The company's net asset value (NAV) increased by 6,3% to 40,8c per share. The company's client base grew by 17,5%. The company said, "Institutional client inflows delivered a standout performance, improving by 169.9% over the period and driving assets across our platform up to R14.5 billion". The share is reasonably well traded with an average of around R261 000 worth of shares changing hands daily on average. The share has made a "double top" formation at around 340c in the first half of 2022 and has been falling ever since. Technically, it remains firmly in a downward trend. We advise applying a 65-day exponentially smoothed moving average and waiting for an upward break - which does not look imminent.
JSE:PPE
by PDSnetSA
JSEPPE - Observation - Follow the trend!Another stock back to prices last seen 3 years ago after a 500% rise. I will be patiently watching closely for any 'green' shoots on the chart. Next level of interest is 45c while we stay below 79c. The trend is your friend! Trend trading is a trading style that attempts to capture gains through the analysis of an asset’s momentum in a particular direction. When the price is moving in one overall direction, such as up or down, that is called a trend. Trend traders enter into a long position when a security is trending upward. An uptrend is characterized by higher swing lows and higher swing highs. Likewise, trend traders may opt to enter a short position when an asset is trending lower. A downtrend is characterized by lower swing lows and lower swing highs. Trend trading strategies assume that a security will continue to move in the same direction as it is currently trending. Such strategies often contain a take-profit or stop-loss provision in order to lock in a profit or avoid big losses if a trend reversal occurs. Trend trading is used by short-, intermediate-, and long-term traders. Traders use both price action and other technical tools to determine the trend direction and when it may be shifting. There are many different trend trading strategies, each using a variety of indicators and price action methods. For all strategies, a stop loss should be used to manage risk. For an uptrend, a stop loss is placed below a swing low that occurred prior to entry, or below another support level. For a downtrend and a short position, a stop loss is often placed just above a prior swing high or above another resistance level.
JSE:PPE
by Trader-Dan
In need of Personal Protective Equipment to invest in JSE's PPE?From Nov 2021 to June 2022, JSE:PPE painted a double top structure and bears took control of the price in August 2022, squeezing it into a sharp falling wedge. Price still has some wiggle room to the downside and the instrument may be seen testing levels around 43 ZAC, which coincide with the height of the double top projected downwards. This price area is also around the highs of January 2020 which were broken in May 2020 before price soared and have since not been retested. With the above confluence, a strong bullish close over 2 consecutive days around this zone will be an indication of the bulls waking up from their deep sleep, getting them ready to kick prices higher towards 226 ZAC and possibly further beyond 350 ZAC. Failure of the zone around 43 ZAC to turn into a support could see the instrument slip to 28 ZAC and further more to 9 ZAC. Sentiments on the instrument: Bullish only at 43 ZAC or above 96 ZAC from Current levels. Comment, like and follow if the above analysis was helpful :)
JSE:PPE
by Source_Sailor
$JSEPPE - Purple Group: 46 zac Double Top Target Still In SightSee link below for original analysis. Purple Group stock is still failing to catch a bid. After a brief period of consolidation, the stock has resumed its downtrend and looks likely to hit the Double Top price target of 46 zac. Another look at the MACD indicator shows how the bulls have tried and failed on five occasions to break above the zero line. The zero-line failure shows the bears are still in control. What is proving to be a great filter is the 26/50EMA combo. The 50EMA is providing resistance and there hasn't been a buy signal since the EMAs gave a sell signal in May 2022. These indicators lag price but it's probably better to be a little late than being too early.
JSE:PPEShort
by Loyiso_BlaqueSoros_Mpeta
2
Purple going into deep red to 30 cents :(Strong Down Channel continues with Purple Group. There are no breakout patterns and now strong supports until we reach 40c and then 30c. This is a no buying zone, despite how attractive the discounted value is. End of the day, we need to wait for the break above the down channel, before bullishness shows. Other indicators confirm downside momentum 200>21>7 RSI<50 Bearish Target 30 cents ABOUT PURPLE GROUP Purple Group is a South African company that offers financial services through its various divisions. Inception: Purple Group was founded in 1998 as an investment holding company. Headquarters: The company is based in Johannesburg, South Africa. Listed Company: Purple Group is listed on the Johannesburg Stock Exchange (JSE) under the ticker 'PPE'. Divisional Structure: The company operates through a number of divisions, including GT247.com, EasyEquities, and Emperor Asset Management. GT247.com: GT247.com is a division of the Purple Group that offers a platform for trading futures, contracts for difference (CFDs), and other financial instruments. EasyEquities: EasyEquities is a division of Purple Group that allows individuals to buy shares in companies listed on the JSE and other global exchanges. It aims to make share ownership more accessible by allowing for fractional share ownership. Emperor Asset Management: Emperor Asset Management is a division of Purple Group that offers investment and portfolio management services to individual and institutional investors. Recognition: Purple Group has received numerous awards for innovation in financial services. Leadership: Charles Savage is the CEO of Purple Group and has led the company through significant growth and diversification. Fintech Innovation: Purple Group is considered a pioneer in the South African fintech sector.
JSE:PPEShort
by Timonrosso
Purple Group Channel and Rights Offer not working right nowThere has been a strong downtrend channel with Purple Group. And if we follow the movement the next price target is to 75 cents... No matter what the company does the price continues to drop. It might be because it is a Penny Stock which is never seemed deemed as valuable to shareholders as blue chips. There may be hidden issues within the books, micro and macro economics - which may soon be revealed. And the Rights Offer that took place has lead to the company losing over 450 million. Let's explain what happened... PURPLE GROUP'S RIGHTS OFFER A rights offer, or rights issue, is a method by which a company can raise additional capital from existing shareholders. When a company decides to conduct a rights issue, it offers shareholders the opportunity to purchase additional shares, usually at a discount, in proportion to the number of shares they already own. Purple Group decided to raise money by offering existing shareholders the chance to buy more shares at a lower price than they were trading on the market. This is called a rights issue. When they first announced this plan, the shares were worth R1.29 each. But the new shares were being offered at a cheaper price, 81 cents each. They hoped to raise R105 million this way. In theory, the value of the company (called the market cap) should have gone up by the same amount - from R1.64 billion to R1.74 billion. This is because the company now had more money and the same amount of shares. However, instead of going up, the company's market cap fell to R1.29 billion. This means the value of all Purple Group's shares on the market together was R450 million less than before the rights issue. That's over four times more than they raised. The current share price is R0.90, which is less than the price when they announced the rights issue. So, people who bought the extra shares have lost money. Now, the shareholders are hoping that the company can use the R105 million it raised to increase profits and push up the share price. The CEO of Purple Group, Charles Savage, seems confident, stating that they have achieved a return of over 1,000% on a previous capital raise of R100 million. But only time will tell if they can repeat this success.
JSE:PPEShort
by Timonrosso
Purple GroupJSE:PPE just released unaudited results; the stock took a bit of (continuous) hammering. Previously, we anticipated R1.10 as the potential support level, the stock is currently trading at that level. Technically, it's a zone to pay attention to, in anticipation of a breakdown or for buyers to step up and push the price up. This week, it'll be a combination of the results and the charts; may the best man win. No position. What's the stock's intrinsic value, and what price are you willing to pay for the company?
JSE:PPE
by Trend_Trader_JSE
1
$JSEPPE - Purple Group: Double Top & Zero-Line RejectionsPurple is a retail investor favourite. The share price has dropped more than 50% from its all time high of 350 zac. The MACD indicator shows an interesting relationship with price. The peak at 350 relative to the previous peak of 349 created a double top formation and the MACD had a clear bearish divergence formation. The MACD has made two attempts to break above the zero-line, which is viewed as bullish, but on both occasions failed (rejected) and price has continued to trend lower. The MACD is again making an attempt to break above the zero line. The double top peak (350) to neckline (198) price range is 152 zac. Projecting this range from 198 gives a double top bottom target at 46 zac. PPE is is not showing any reversal signs yet but it is probably a little late to short so I will sit on my hands and monitor price and momentum.
JSE:PPE
by Loyiso_BlaqueSoros_Mpeta
2
TARGET REACHED R1.25 Purple Group and now new analysisTarget reached and hit our target at R1.25 Rectangle box showed to be bearish and the price dropped hot and quickly. We now can have some sideways jumpiness which should form the next formation. We will wait for the structure before the next post. ABOUT: Purple Group is a financial services company listed on the “Financials – General Financial” sector of the JSE. It has subsidiaries that operate in trading, investing and asset management.
JSE:PPEShort
by Timonrosso
Purple Group has potential Up?I need to see why Purple Group has lost Faith? But I see a possible double bottom on the stock. Hope the faith is recovered? The owner of Easy Equities needs to perk up the platform, and listen to their customers requests regarding simple features like Stop-Losses ETC. A simple TAB to show that one has a Order is needed, without having to search. I.E a Manage TAB that is high-lighted, and shows the purchase/ sell Order. I have sent them many suggestions in the past, with graphics, that seem to be ignored. Trust I will be correct. Enjoy while we can. Regards Graham.
JSE:PPELong
by hitchcoxg