- Sygnia (JSE code: SYG) results and a forward dividend of maybe as high as 10%.
- Local GDP at 1.9% for Q1 2022. The economy has now recovered to its pre-pandemic levels.
- Consumer cracking? I interviewed Evan Walker 36One Asset Management.
- Inverse ETFs that go up as the market falls.
14 Jul 2022
12:30 pm - 5:00 pm
INVEST Talk: Get Your Head out of the Sand!
The Venue Green Park, Sandton Johannesburg
Are Robinhood’s troubles Purple concerns?
|(Nasdaq code: HOOD)||Purple Group* (JSE code: PPE);|
|Listed July 2021 at $38, hit $85 and now under $10 (-75%)||July 2021 145c, high since 350c and now 260c (+81%).|
|Makes most of their revenue from selling the deal flow and Gold accounts.||Revenue is from transactions.|
|The majority of transactions are in options or crypto.||The majority of transactions are in equity, but crypto, EC10, is growing.|
|Needed a quick $billion to settle meme stock trades.||The balance sheet is fine.|
|Huge repetitional damage when they halted trade in some meme stocks.|
|Value traded by clients has been falling since Q1 2021.||Value traded by clients fell in the last set of results.|
|Not yet profitable.||Profitable, PE ±50x.|
|Users declined in 2022.||Users grew in last results to +1million active accounts.|
|Market cap per user = $478 (ZAR7,400)||Market cap per user = ZAR3,263|
|Revenue per user (2021) = $80 (ZAR1,250)||Revenue per user = R109|
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