Purple Group is the new Red.

After listening to comments on BD TV,
the Analysists said its a Meme Stock with a PE over 40.
With this latest falling Knife, the PE should drop.
But we will have to wait and see.
Why this company is burning cash - I'm not certain.
Is the Valuation correct at these levels?
Or must I take the Pain and Sell or Hold?
Your thoughts and comments are welcome.
Disappointing Regards.
Graham.

Comment:

I did get some more in desperation @ R1.3 to possibly help or lower my average which is R2.00
At this point in time Purple is using me as their BANK, and should reward me in the future. Unfortunately as I am a pensioner with Old Mutual, I have little time to sit and wait.
My advice is never listen to the BD TV Annalists who said the stock will be R17 in 2023.
I am unfortunately still holding for now.
Comments are Welcome.
Graham.