Purple Group surprises shareholders

[Drikus Greyling]

Purple Group surprises shareholders

Purple Group’s trading statement on Thursday surprised many investors with unexpected news, sending the share price plummeting.

 

[PaulGherkin]

I also surprised my shareholders this week. I had a dump of epic proportions in the office loo and the ventilation system sucked the noxious fumes into the open plan offices

 

[TedLasso]

As long as my own investments via EE don't tank 20% as a result, I am ok

Got a letter via snail mail from GB today about my pension fund value from the company i used to work at there. 150K GBP at April 22. I am sure it's much lower than that today. There is no online platform.

 

[Pegging]

Those are actually good result, this was like a penny stock not too long ago.

 

[rvZA]

However, Purple Group, which traded at a very high price-to-earnings ratio, was a victim of the downturn in the global economy.

The global economic downturn and attack on Capitalism is causing huge problems for all these type of companies. People simply does not have the money to save or invest anymore. Insurance companies, like Momentum, are currently busy collapsing as clients cancel life insurance policies, medical aids, short term insurance, RA's and much more. Momentum saw a number of franchises go bankrupt last year and this year. Crazy times out there today.

 

[DapperDanMan]

Got a letter via snail mail from GB today about my pension fund value from the company i used to work at there. 150K GBP at April 22. I am sure it's much lower than that today. There is no online platform.

Wait ... Ted Lasso quit his coaching job?!

 

[TedLasso]

Wait ... Ted Lasso quit his coaching job?!

Yes