Simon Shares * 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.
ddd
Are Robinhood's troubles Purple concerns? [caption id="attachment_34522" align="aligncenter" width="761"] Robinhood since listing vs. Purple Group[/caption]
| Robindhood | Purple Group | | --- | --- | | (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 |