Published On Oct 20, 2023
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From 2020 Purple Group was the stock markets new darling and over the next two years, just 24 months, their shares grew by an insane 784%. If you had invested R10,000.00 in Purple Group in January 2020, you would have made around R90,000.00 (R88,463.35) in just 2 years. And it seemed like everyone was talking about the stock and making money off it hand over fist! Including me who bought purple group during that time.
But, as with many things in life it was not meant to last, and this Icarus stock lived fast and died young, because in the next two years it lost 80% of its total share value and right now is trading at just a measly 76 cents per share. And most of the investing world is left scratching their heads and wondering what happened to this company that owns easyequities, what went wrong and why did the stock tank leaving thousands of people with a red number for the share. And at the end of the video we’ll answer the most important question, which is now that it has tanked… is it now a great value stock to buy before it’s next rally? We’ll break down all of the data and analytics of the company, to see what happened to this stock, why it tanked, and whether it is now a good buy or to sell and stay away?
And i’ll also show you just how much i personally made or lost on my own purple group shares.
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