EasyEquities’ big cost problem

[Daily Investor]

EasyEquities’ big cost problem

Purple Group’s latest financial results revealed a big challenge: The operating cost per EasyEquities account is growing faster than the revenue per account.

 

[rvZA]

Does not sound good. If they need to increase costs, introduce new trading fees to save the company and all clients' accounts, then so be it. Users will be happy to pay R50, R100 or even R200 to enter or exit a trade. There is nothing they can do about collapsing markets though. Both locally and abroad.

 

[GrootVoet]

A small subscription fee based on the value of your investments.

 

[rvZA]

A small subscription fee?

Looking at the reported losses, not the real official losses, it seems "small fees" won't cut it for them. I think they are in a bit of trouble.