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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.
Everyone's sleeping on PPE at R187, this dip is just noise and our stokvel is actually buying the weakness. Financial services stocks like this usually bounce back lekker when sentiment shifts.
PPE down 1.05% today to R185 feels like noise rather than signal, especially given the financials sector volatility we're seeing. My conviction on the position hasn't shifted based on daily moves; what matters is whether their revenue growth trajectory and dividend sustainability
PPE down 0.53% but honestly I think the market is being too harsh here, these financials have solid fundamentals underneath. Maybe time to grab some shares while they're a bit cheaper?
PPE trading at R188 is looking stretched versus Balanced Fund valuations in the insurance space, particularly when you compare the dividend yield to rivals like Sanlam or Old Mutual who offer better income for similar risk. The -1.05% pullback is noise, but the real question is w
PPE up 2.15% today, but let's not get excited until management actually explains how they're deploying capital efficiently across their fragmented portfolio, because shuffling money between dodgy subsidiaries doesn't create value for shareholders.
Topped up my PPE holding at R190 this morning after that 2.15% bump, reckon the financial services play into agricultural financing is positioning well for the spring planting season when farmers need working capital.
PPE's modest pullback to R188 reflects the broader headwinds facing financial services as the SARB's hiking cycle potentially extends the margin compression phase, particularly for asset managers exposed to equity market volatility and lower trading volumes.
Everyone's sleeping on PPE at R197, but I reckon the market's being too harsh on financials right now. Ladies, sometimes the best buys are when everyone else is running away.
PPE down 2% to R195 today - feels like panic selling on a financials wobble. Digital businesses don't deserve this kind of punishment for a day's red.
PPE's down 4% to R191 but the financials sector rotation might create opportunity here if they tighten cost structures. Long-term play depends on whether they can actually grow revenue faster than their expense base is expanding.