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ADCORP HOLDINGS LIMITEDADCORP HOLDINGS LIMITEDADCORP HOLDINGS LIMITED

ADCORP HOLDINGS LIMITED

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ADR trade ideas

Our opinion on the current state of ADCORP(ADR)Adcorp (ADR) is an employment services company with subsidiaries in South Africa and Australia. The company has focused on improving its operations through (1) defining and refining its core business, (2) reducing costs, (3) strengthening its brand, and (4) transforming its internal culture. These efforts are aimed at positioning the company for growth, despite the challenging economic environment in South Africa and Australia. In its results for the year ending 29th February 2024, Adcorp reported a 7.7% increase in revenue from continuing operations and a headline earnings per share (HEPS) of 83.8c, up from 61.1c in the prior year. The company highlighted the growing demand for its services in South Africa, driven by persistent load shedding and infrastructure issues, which prompted companies to seek more flexible staffing solutions. In Australia, ongoing blue-collar labor shortages increased demand for Adcorp’s contingent staffing services. However, in a trading statement for the six months ending 31st August 2024, Adcorp estimated that HEPS would decrease by between 9.7% and 19.7%, primarily due to one-off restructuring costs of R25.6 million incurred during the period. The company emphasized that this decrease in earnings should be viewed in the context of these non-recurring costs. Technically, the share has been drifting sideways and downward for the past 40 months, although it saw a spike in late May 2023 due to the prospect of a special dividend. The company has faced headwinds from South Africa’s high unemployment rate and the effects of COVID-19, which have further strained the economy and business activity. Despite these challenges, the new management team appears to be making progress in stabilizing the company and positioning it for growth. With a price-to-earnings (P:E) ratio of 5.85 and a dividend yield (DY) of 6.58%, Adcorp's stock is relatively cheap, and there is potential for growth as the management continues to execute its turnaround strategy. Given the company's restructuring efforts and strong demand for its services in both South Africa and Australia, Adcorp may offer value to investors, although the economic conditions in its key markets present ongoing risks.
JSE:ADR
by PDSnetSA
Our opinion on the current state of ADCORP(ADR)Adcorp (ADR) is an employment company with subsidiaries operating in South Africa and Australia. Managerially, efforts have been made in (1) defining and focusing on the core business, (2) reducing costs, (3) strengthening the brand, and (4) transforming the culture. In its results for the year to 29th February 2024, the company reported revenue from continuing operations up 7.7% and headline earnings per share (HEPS) of 83.8c compared with 61.1c in the previous year. The company said, "Persistent load shedding and other infrastructure issues in South Africa led companies to seek more flexible staffing solutions, thereby boosting demand for our services. The Australian market continues to grapple with blue-collar labour shortages, which in turn has driven demand for Adcorp's contingent staffing offering." Technically, the share has been drifting sideways and downwards for the past 40 months, although the prospect of a special dividend saw the share jump in late May 2023. Obviously, the high unemployment level in the economy had negatively impacted this business, and COVID-19 made the situation worse. It has suffered from the difficult conditions in the South African economy, but the new management team appears to be making the right moves. On a P:E of 6.05 and a dividend yield (DY) of 6.21, we believe that the share is cheap and has potential.
JSE:ADR
by PDSnetSA
Slow death for Adcorp continues since 2007 - New target!To think Adcorp Holdings went from R43 in 2007 down to R3.61 in 2023.... It's just been one long hard road down from there. In case you don't know, Adcorp Holdings is a South African-based workforce management and business process outsourcing company. And due to the bad managenent, poor financials, slow growth and major financial troubles after the Financial Crash along with COvid- it's not been easy. When we look at this chart, it's showing a slow death with a Bear rectangle now in the making. Break down and we will see R1.50. Nothing much we can do as no broker will allow a scrip to short the company. And investors can do nothing but wait and wait for any positive news. From a Blue Chip to a Penny Stock is also never a good sign for a company.
JSE:ADRShort
by Timonrosso
Our opinion on the current state of ADRAdcorp (ADR) is an employment company with subsidiaries operating in South Africa and Australia. Managerially, efforts have been made in (1) defining and focusing on the core business (2) reducing costs (3) strengthening the brand and (4) transforming the culture. In its results for the six months to 31st August 2023 the company reported revenue up 10,2% and headline earnings per share (HEPS) from continuing operations up 34,4%. The company said, "This growth can be primarily attributed to the positive performance of the Contingent Staffing divisions in both South Africa and Australia". Technically, the share has been drifting sideways and downwards for the past 20 months although the prospect of a special dividend saw the share jump in late May 2023. Obviously, the high unemployment level in the economy had negatively impacted on this business and COVID-19 made the situation worse. It has suffered from the difficult conditions in the South African economy, but the new management team appears to be making the right moves. We believe that the share has potential.
JSE:ADR
by PDSnetSA
Our opinion on the current state of ADRAdcorp (ADR) is an employment company with subsidiaries operating in South Africa and Australia. Managerially, efforts have been made in (1) defining and focusing on the core business (2) reducing costs (3) strengthening the brand and (4) transforming the culture. In its results for the year to 28th February 2023 the company reported revenue up 6,5% and headline earnings per share (HEPS) of 147,8c compared with 99,7c in the previous year. The company said, "The overall Group performance was impacted by the following: • Considerable contract losses at allaboutXpert Australia Proprietary Limited (“aaX”), a subsidiary of Adcorp Holdings Australia and Impairment of goodwill of R34,4 million (2022: Rnil) recognised in the Paracon business". In a trading statement for the six months to 31st August 2023 the company estimated that HEPS would increase by between 175% and 195%. The company said, "The results for the comparative period were markedly impacted by the exceptional losses incurred in allaboutXpert Australia Pty Ltd". Technically, the share has been drifting sideways and downwards for the past 20 months although the prospect of a special dividend saw the share jump in late May 2023. Obviously, the high unemployment level in the economy had negatively impacted on this business and COVID-19 made the situation worse. It has suffered from the difficult conditions in the South African economy, but the new management team appears to be making the right moves. We believe that the share has potential.
JSE:ADR
by PDSnetSA
UPDATE: Adcorp retesting C&H before next leg upC&H formed from Feb 2023 to June 2023. We then had a breakout. The price continued up and then the buying slowed down. Now we are getting a dip where the price will be testing the Brim level of the C&H. Moving Averages are conflicted where 21>7 - Bearish but price is above 200MA - Bullish. This states the uptrend is still intact. RSI<50 which is showing slowing down of upward momentum. Target still remains around R8.74 ABOUT THE COMPANY: Adcorp Holdings Limited is a South African company providing a wide range of human capital management services. Founding: Adcorp was founded in 1975 and has grown significantly since then, becoming one of South Africa's leading employment services companies. Public listing: Adcorp was listed on the Johannesburg Stock Exchange (JSE) in 1987, making it publicly traded. Global footprint : While Adcorp is headquartered in Johannesburg, South Africa, the company also has operations in various other countries, including Australia, India, and several African countries. Diverse services: Adcorp's services cover a broad range of human resource management needs, including temporary and permanent recruitment, skills development, training, business process outsourcing (BPO), talent management, and payroll services. Innovation: Adcorp has shown commitment to innovation, investing in technology. This includes using data analytics and artificial intelligence in talent acquisition and management.
JSE:ADRLong
by Timonrosso
Adcorp broken above downtrend and above Rev C&H Target R8.74Reverse C&H has formed on Adcorp. This was post to the breakout out of the year downside trend line. Things are looking fantastic for this Penny Stock as an investment point of view. Moving Averages 7>21>200 RSI>50 Target R8.74 Smart Money Concepts. Right at the bottom of the cup we can see an Order Block of Sell Side Liquidity. Smart Money buys into positions (and sweeps liquidity) from traders who are long (get stopped) and for short traders who enter into their trades. ABOUT THE COMPANY Adcorp Holdings Limited is a South African company specializing in workforce management, offering services such as temporary staffing, permanent placement recruitment, training and development, outsourcing, and other related human resource services. ABOUT THE NAME: The name "Adcorp" appears to be a combination of "Ad" which might be short for "Advertising" or "Advisory", and "corp" short for "corporation". This reflects the company's role in offering a wide range of human resource and workforce management services, including recruitment advertising and advisory services to corporations. Founding: Adcorp was established in 1975. Public Listing: The company was listed on the Johannesburg Stock Exchange (JSE) in 1987. Global Presence: Adcorp operates in several countries across Africa, Australia, and Asia. Services: The company's services include temporary staffing solutions, permanent placements, training and skills development, business process outsourcing, disability solutions, and more. Divisions: Adcorp is structured into different divisions, each focusing on a particular aspect of workforce management and human resource solutions. Employees: Adcorp employs more than 1,000 people directly. However, considering their temporary staff and placements, the company manages a large number of workers in various industries. Training: Adcorp offers extensive training programs, including learnerships, internships, and skills programs, to enhance employability and address skill shortages.
JSE:ADRLong
by Timonrosso
Adcorp showing strong downside to R2.00 then R1.64Descending Triangle and Bearish box formation has formed 200 > 21 > 7 Bearish Target R2.00 then R1.64 Bearish bias ABOUT Adcorp (Established 1983 and listed on the JSE in 1994) is a South African company that provides employment services, including temporary and permanent staffing solutions, training and development, and payroll management. Adcorp operates in several African countries, including South Africa, Namibia, Kenya, Ghana, and Zimbabwe. The company provides a range of services to a diverse range of industries, including finance, retail, construction, and healthcare.
JSE:ADRShort
by Timonrosso
Adcorp Holdings LTD The technical are all explained on the chart. There is potential fundamentals to bolster the technical analysis. Adcorp holdings JSE listed www2.staffingindustry.com Adcorp Holdings Ltd. (ADR:JNB), a staffing provider based in Bryanston, South Africa, on Monday reported it expects to report revenue for the fiscal year ended 28 February to be in line with prior-year revenue on a constant currency basis. However, it expects headline earnings per share to increase by at least 139% while earnings per share are expected to increase by 157%. Its outsourcing operations in South Africa focused on exiting unprofitable contracts while its contingent business experienced robust demand in the final months of the fiscal year, offsetting weaker demand in the first months. Its training business has seen a recovery of revenue and earnings. Adcorp did report that annual revenue was negatively affected by the exit from low-margin contract, the July KwaZulu Natal unrest in South Africa, flooding in Australia and the impact of Covid-19 in key markets. The company expects to report earnings for the fiscal year ended 28 February on or around 30 May. Share price and market cap Shares in Adcorp closed up 4.55% on Monday in South Africa to ZAR 575.00 (USD 35.45); they were 28.35% above their 52-week low, according to FT.com. The company had a market cap of ZAR 577.3 million (USD 35.6 million).
JSE:ADRLong
by claude2503