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PPE is trading at a depressed valuation that makes sense given the fintech headwinds and legacy debt, but the dividend yield is north of 15% which either signals deep value or a cut waiting to happen. Need to crack open the latest results and cash conversion before getting excite
PPE down 1.72% today but still trading above the 200-day average. Is anyone else seeing this as a potential entry point given the dividend yield, or are there specific concerns about their loan book that I'm missing?
PPE down 1.72% to R1.71, probably just noise given the fintech volatility lately, but worth watching if it cracks below R1.65 support.
PPE catching some selling pressure today at R1.73, but the financials sector is battling broader headwinds. At these levels the yield starts looking reasonable if management can stabilise earnings, though I'd want clarity on their loan book quality first.
Look, PPE took a hammering on the credit impairment side but the loan book is still growing and collections haven't collapsed like the bears want to pretend. Compare this to where Capitec was in 2009 when everyone said game over, now look at them. We're a pre-revenue company in terms of where the turnaround lands, management knows the book needs cleaning, can't fix stupid but the assets are still there. This thing rebounds hard once macro stabilises.
PPE looking like it needs a second half comeback, Springboks vibes
do you think the impairments they took last year signal real trouble in the book or just being conservative. asking because the debt book still looks decent but if collections are actually struggling the r1.72 price might not hold that well.
pfe's been getting hammered but the dividend yield at these levels is actually decent compared to other credit guys. problem is the credit impairments keep eating into earnings, so you're basically getting paid to wait for their underwriting to improve. if they can get that sorted the recovery could be proper.
PPE dropping 2.38% to R1.64 feels overdone given the fintech tailwinds, so I'm adding on this weakness rather than running for the exits like everyone else seems to be doing.
Grabbed another tranche of PPE at 1.63 after that dip, the dividend yield's still north of 8% and the financials selloff feels overdone given their asset base.
PPE getting squeezed hard on the lending side with all the rate hikes, but the dividend yield at these levels is starting to look tasty compared to the banks. Problem is the credit loss provisions keep climbing, so you're basically betting they don't blow up on the back of consumer stress. Might be a value trap or might be a genuine recovery play if rates start dropping next year.
looking at ppe's loan book growth vs their impairment ratio, the spread between what they're advancing and what's actually defaulting has tightened quite a bit since last year. ngl if load shedding keeps hammering consumer confidence the credit quality could get messy, but at r1.78 you're pricing in some of that pain already.
PPE credit book getting hammered but management still saying recovery incoming, classic retail finance play. At R1.78 the dividend yield makes sense if they actually start collecting again, but gotta watch the impairments each quarter. Compared to Capitec they're wounded, compared to old PPE they're basically dead. Hold if you got time, otherwise wait for better entry on the next shake out.
PPE sitting at R1.79 and the lending book is what interests me. Consumer credit is brutal in SA right now with load-shedding killing discretionary spend but Purple's diversified enough across retail and commercial that it's not a total bloodbath like some of these other finance stocks. Gonna be shocked if they don't squeeze out some recovery once the macro settles, but yeah the next couple quarters are gonna be ugly watching delinquencies.
been digging through ppe's latest numbers and the impairment charges are still doing a number on returns, but net advances actually grew which is something. at r1.79 the yield's decent if they can stabilize credit costs, but need to see consumer credit demand actually hold up given the rate environment. comparing to oml and sns, ppe's got decent distribution reach which is the main competitive edge here.
Purple Group's structural positioning in financial services distribution remains compelling despite today's minor pullback, with the integrated model across insurance, wealth, and lending creating genuine cross-selling moats that translate into superior unit economics and custome
PPE dropping 0.53% today, but that's like a striker missing one shot in a game, nothing to panic about yet.
Current R 1,83 — 50% of range
Fundamentals sourced from JSE disclosures. Updated quarterly.