Episode 567
Can Transaction Capital and Purple Group reverse their losses? (#567)
WorldWide Markets with Simon Brown · JustOneLap.com
December 6, 202321m 10s
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Show Notes
Simon Shares
- Transaction Capital (JSE code:TCP) results swung into a massive loss, no surprise. SA Taxi loss making but overall H2 was better then H1 in all three divisions.
- Purple Group* (JSE code: PPE) results also swung into a loss. But as a discretionary consumer business, why is everybody so surprised?
- Average client has 1.45 products. This seems low, very low.
- Philippines not yet regulated, but they not giving up.
- Project delays.
- Tigerbrands (JSE code: TBS) show a tough environment and RFG (JSE code: RFG) may offer better value.
- Local Q3 GDP at -0.2%.
- Gold at all-time highs.
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Simon Brown