Purple Group: EasyEquities profit growth stalls
Unlock the Stock: Afrimat and Spear REIT
Afrimat’s track record is spectacular. Spear REIT is a highly respected property fund. On Unlock the Stock, you can learn about both companies.
RCL is far more than just a chicken business
RCL is far more than just a chicken business these days, which isn’t a bad thing.
Bidvest: strong trading profit growth in every division
Bidvest closed 3.8% higher after releasing results for the six months to December 2021.
Liberty Two Degrees: reversions continue to bite
Liberty Two Degrees holds stakes in some of the most iconic properties in the country
Alviva: 20% revenue growth excl. Tarsus
After teasing the market with a trading statement, Alviva has now released all the details of the interim results for the six months ended December 2021.
PSG Group and the Great Value Unlock
This is one of the biggest news stories on the JSE that we’ve seen in a while
JSE Limited: a cash cow in a shrinking field
You may not be aware of this, but the JSE Limited is listed on the JSE. You’re right in thinking that this sounds like the financial version of the movie Inception
Capital Appreciation on the deal train
The company has announced the acquisitions of three technology companies in South Africa and a 20% stake in a company in the Netherlands.
Woolworths won’t miss 2021
as released results for the 26 weeks to 26 December 2021. The share price rallied 6% despite a fair share of negative commentary on Twitter.
Cashbuild’s negative sales momentum continues
Cashbuild released its interim results for the six months ended 26 December 2021
Comments (2)
Lezander Davids
19 May 2022Good morning, referring to my previous comment on Ghost Bites Vol. 8; I had a follow-up question after reading this article your had referred me to (thanks for that by the way!).
“I am a very happy EasyEquities client. I am not a shareholder in Purple.”
Does this mean you don’t believe in their ability to monetize clients in the short run or does this mean you don’t believe in their ability to monetize clients at all? Do you consider the risk of inactive investors to be that great?
Obviously I won’t be making all my decisions based on your insights, but I do feel that you have a better understanding of the company structure and their potential.
Have a great day! Thanks for the effort!
The Finance Ghost
19 May 2022Hi again – I think it’s always very important to assess the valuation of a company without any emotional attachment to the product. Even the best brands in the world can give nasty share price drops. In a bear market like this, any group with long duration cash flows (i.e. the promise of making lots of money many years in the future) could experience share price pressure. Without a doubt they are doing all the right things in the EE product and that’s the key underpin, but I am nervous in general at the moment of anything with a “frothy” valuation. Hope that makes sense!