Adcock Ingram is a leading South African pharmaceutical manufacturer, with Adcock Ingram shares available to buy on the Johannesburg Stock Exchange (JSE). With a history stretching back more than 125 years ago, trading as EJ Adcock Pharmacy, today the group boasts a massive market capitalisation of about R9 billion. Adcock Ingram manufactures, markets and distributes a wide portfolio of healthcare products, for sale to both the private and public sectors of the market in South Africa and overseas.
Adcock Ingram is a level 3 B-BBEE contributor. Services and products have spread to upcoming markets in sub-Saharan Africa and India. The company is has four commercial divisions: Consumer, OTC, Prescription and Critical Care. After briefly delisting from the JSE, in August 2008, Adcock shares were relisted on the bourse, with 172.6 million shares for sale to raise capital.
Adcock Shares Growth Driver
In order to reverse a steadily declining Adcockshare price, the group has recently rolled out astute changes to its internal structures and processes. This was primarily done in order to create more defined and decentralised business units. These vast changes created autonomous operating divisions with separate focused strategies to best manage the challenges and opportunities in each of the Adcock Ingram businesses, while at the same time, facilitating full accountability in each case.
After a remedial period of two years, the groups latest annual financial data showed that trading profit increased by 16.9% to R606 million, with headline earnings per share increasing by 20% and dividends increasing to 54 cents per share. This solid performance was attributed to volume increases, an improved sales mix, better production throughput and improved factory efficiencies, while operating expenses were well controlled. This was partially offset by the discontinuation of some underperforming product lines and adverse exchange rates. Meanwhile, the group’s international expansion programme has stalled, with controlling interests in Ghanaian and Indian businesses now assets held for sale. Enterprises in Zimbabwe and Kenya have also underperformed, incurring trading losses and weighing on Adcock share price.
Adcock Investor Tip
The live online stocks chart shows that Adcock shares have declined drastically on the JSE, with analysts not recommending that investors buy the shares today. The
company’s latest financial results have however shown improvements, but Adcock is still heavily in debt, while worsening exchange rates and a slowdown in international operations have compounded the situation. Shareholders will gain solace from the fact that Adcock is a large and established player within the pharmaceutical trade, an industry that is continuing to expand rapidly.
The successfully restructuring of the business should create a better platform for growth, but economic challenges have been forecast to have an effect on future sales volumes and profitability, which will further impact the confidence of investors deciding whether to buy Adcock shares.
Adcock Major Shareholders
BB Investment Company, Public Investment Corporation, Blue Falcon 69 Trading
Biotech & Pharma
How to buy ADCOCK Shares
ADCOCK : How to buy ADCOCK Shares Online
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