Jasco Electronics Holdings Limited. JSE: JSC

Jasco Electronics shares

Background of Jasco

  • Based in South Africa, Jasco Electronics is a diversified technology company with a portfolio of smart technologies for sale to the telecommunications, information technology, power, renewable energy, security, fire and industrial sectors. In addition, the group caters to water management, data centres and broadcasting, and also offers component manufacturing of injection-moulded plastic and pressed metal components.

  • The group aims to deliver an end-to-end solution through a value chain that ranges from in-house design and engineering, to manufacturing and managed services.

  • The group’s history stems back to 1976, and Jasco shares have been available to buy on the Johannesburg Stock Exchange (JSE) since 1987. Jasco operates from offices in all major regions of South Africa, and has expanded to southern and eastern Africa. Approximately 10% of revenue is generated from outside South Africa, with plans in place to expand this. Jasco has a JSE market cap of R208 million, with Jasco share price well poised for growth.

Jasco Shares Growth Driver

  • 2015 marked the end of a three year restructuring process for Jasco, with the major activity being an exit from PVC cable manufacturer M-TEC, which had been dragging down the company’s results for several years. Community Investment Holdings agreed to buy the business for R60 million. This was seen as a significant milestone in achieving Jasco’s goal of becoming a focused smart technology and solutions partner.

  • Jasco’s financial data was negatively impacted by strike action in the metal and engineering industries in the first half of the 2015 financial year, but the benefits of restructuring were evident in improved operational performance in the second half of the year. All businesses, apart from the component manufacturing business, recorded an increase in revenue and operating profit, supported by cost reduction and improved efficiencies. Underlying operating profit increased by 9% to R28.6 million, but impairments and adjustments (including a R57.6 million impairment from the M-TEC sale) resulted in an overall operating loss of R72.5 million.

  • On the positive side, the group has capitalised on growing demand for data by deploying optical network infrastructure for two large fixed-line network operators in South Africa, and deployed coverage solutions for mobile network operators.

  • The Enterprise business unit, which delivers end-to-end solutions including contact centres, unified communications, IT infrastructure, cloud solutions and security and
    fire solutions, expanded into East Africa and returned to a R900 000 profit from the R1.6 million loss experienced in 2014.

  • The Intelligent Technologies unit has been the star performer for the group, recording a 282% increase in operating profit to R13.3 million. This was driven by an increase in broadcast solutions due to industry demand to migrate to digital platforms.

Jasco Investor Tip

  • The live online stocks chart shows that Jasco share price has been muted as a result of continued challenges within the markets it serves, but has shown signs of recovery in 2016, rising from 50 cents per share at the beginning of the year to 91 cents by August. Investment analysts forecast that Jasco share price may outperform the market, specially due to continued demand from customers to buy into smart technologies. Jasco shares may be a worthy small cap buy for investors.

Jasco Major Shareholders

Goldsol II, AfroCentric Investment Corporation, Community Investment Holdings.

  • Sector

    Technology

  • Industry

    Hardware

  • Sub industry

    Communications Equipment

How to buy Jasco Group Shares

  • Jasco : How to buy Jasco Group Shares Online

    We have made it simple to buy JSE listed firm shares online. The easiest way to buy Jasco 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 Jasco and assist you with the setup and management of your stock portfolio account.

  • Here are the steps you must follow to Buy / Purchase Jasco Group 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 Jasco Fund.
    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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