THE G SPOT
Purple’s downer: ‘We’re not going to stop investing’
Purple Group has swung back to a loss, mainly due to an investment drive in its principal asset, EasyEquities. Can it keep the faith of a divided, yet devoted, investor base?
27 April 2023 - 05:00
Purple Group, which owns stockbroking success story EasyEquities (EE), has swung back into the red (a R15.6m loss) after ploughing money over the first half to end-February into growth initiatives. It’s also looking to raise R150m from the market, which has distinctly cooled towards the share. The FM spoke to CEO Charles Savage.
Is this a positive growth story or a bad earnings result?..
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