In this previous article in October, I flagged that there’s a new sheriff in town at Adcorp. Highly respected CEO Phil Roux has been making good on his promise to turn Adcorp around. I’m going to once again quote from an interview he did with Giulietta Talevi of Financial Mail in July: “I’ve identified eight value drivers and I’m going …
View PostIn this previous article in October, I flagged that there’s a new sheriff in town at Adcorp. Highly respected CEO Phil Roux has been making good on his promise to turn Adcorp around. I’m going to once again quote from an interview he did with Giulietta Talevi of Financial Mail in July: “I’ve identified eight value drivers and I’m going …
View PostAdcorp has shed 90% of its market value in the past 5 years. The recruitment and training company suffered an ailment that has plagued many industry consolidators: an incoherent strategy combined with an unsustainable balance sheet. There was a time on the JSE when people believed that if you buy five companies on a P/E (Price / Earnings ratio) of …
View PostAdcorp has shed 90% of its market value in the past 5 years. The recruitment and training company suffered an ailment that has plagued many industry consolidators: an incoherent strategy combined with an unsustainable balance sheet. There was a time on the JSE when people believed that if you buy five companies on a P/E (Price / Earnings ratio) of …
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