Adcorp Holdings Limited. JSE: ADR

Adcorp shares

Background of ADCORP

  • Adcorp Holdings is an investment holding company with subsidiaries operating in South Africa, the rest of Africa and Australia. The group’s portfolio includes permanent recruitment and independent oursourcing, flexible staffing sectors, training and financial services.

  • With a history stretching back to 1975, the group’s success and expansion in both the local and international markets resulted in Adcorp shares being listed for sale on the Johannesburg Stock Exchange (JSE) in 1987. Adcorp has continued with its robust growth by managing to buy a number of businesses, from business solutions providers to resourcing specialists.

  • The group is today South Africa’s largest employment services company, with a strong track record of placing quality people into permanent, temporary of flexible jobs. Adcorp’s specialities include recruitment and training, psychometric testing and payroll management. The company boasts a long list of corporate awards.

  •  Adcorp share price has historically tracked a steady line on the live online stocks chart, but the shares took a massive plunge at the beginning of 2016, sliding from over R40 per share to less than R15.

ADCORP Share Growth Driver

  • Adcorp achieved mediocre financial data in 2016, which continues to weigh on Adcorp share price and discourage investors to buy the shares. Major challenges affecting the company’s performance recently have included substantial changes to South African labour legislation, which resulted in a significant number of contract staff where either taken on as permanent employees of the client or had their contracts terminated.

    This resulted in a significant loss in Adcorp’s sales volumes, and was compounded by stagnant economic growth and volatile Rand strength, which hampered planning and forecast activities. On the international front, Adcorp managed to buy several businesses, but sales volumes remained muted.

  • Overall, the group achieved a 17% revenue increase to R15.6 billion, with operating profit and earnings per share increasing marginally by 2% and 4% respectively. Despite the many challenges faced by the company, management has assured shareholders that the group has implemented a number of strategies which have allowed it to emerge far stronger and better placed than at any time in the past, with performance likely to benefit from growth in the levels of business activity and good working capital.

ADCORP Investor Tip:

  • Adcorp expects investment returns on its foreign portfolio to register strong financial growth. The company is very optimistic about performance, despite low economic growth prospects. Adcorp – whose income was hit by uncertainty over South Africa’s new labour laws as more employers succumbed to trade union pressure to employ contract workers on a permanent basis – recently announced that the group is in talks with financiers about growing internationally, and advised shareholders to exercise caution during the trade of shares, particularly when considering that the Adcorp share price has been declining.

    The current low Adcock share price could be seen as a low entry point with upside potential, but the shares remain a risky buy.

ADCORP Major Shareholders

Allan Gray, Kagiso Asset Management, Sanlam Investment Management, PSG, Government Employees Pension Fund.

  • Sector

    Consumer Discretionary

  • Industry

    Commercial Services

  • Sub industry

    Professional Services

How to buy ADCORP Shares

  • Adcorp : How to buy Adcorp Shares Online

    We have made it simple to buy JSE listed firm shares online. The easiest way to buy Adcorp shares or stocks is to; start by submitting the ‘BUY THIS SHARE’ form. Next, one of our experienced and certified stock brokers will personally get in contact with you to discuss your custom stock request. Finally, a stock advisor will confirm the amount of shares you are looking to invest in Adcorp and assist you with the setup and management of your stock portfolio account.

  • Here are the steps you must follow to Buy / Purchase Adcorp shares with utmost confidence:

    1. Start by Filling in the BUY THIS SHARE form.
    2. Insert your name, email, telephone number and monthly remuneration.
    3. Then, Indicate the amount you are looking to invest in Adcorp.
    4. Click the “ INVEST NOW” button
    5. Once we have received your info, a dedicated stock advisor will personally call you back to discuss your personal share request.
    6. Lastly, your newly appointed personal stock advisor will handle all account setups and reporting as stipulated by the financial services board of South Africa (FSB)
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