Adcorp – “no holy cows” approach is working
- South Africa
- Adcorp, Australia, Recruitment, Trading Statement, Training, Turnaround, Value Capital Partners
- October 15, 2020
Adcorp 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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