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  • Finweek - English

    Simon’s stock tips

    Nov 25, 2021 4 minutes
    By Simon Brown

    PURPLE GROUP

    Exceptional growth potential

    urple Group* (owners of EasyEquities) released much better results than I had expected. The company posted its financial results for the year ended 31 August on 10 November. Headline earnings per share (HEPS) jumped 190% while funded accounts rose to 737 000 – and they’re adding some 60 000 new accounts every month. EasyEquities generates R67 profit per account per year, but CEO Charles Savage said that older accounts make a lot more as investors grow in confidence and capital. Furthermore, of the 60 000 new accounts every month, past stats show us that around 40 000 will be funded. So, the next year should see 500 000 funded accounts added and average profit per

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