The technical are all explained on the chart. There is potential fundamentals to bolster the technical analysis.
Adcorp holdings JSE listed
www2.staffingindustr...hare-will-jump-61657
Adcorp Holdings Ltd. (ADR:JNB), a staffing provider based in Bryanston, South Africa, on Monday reported it expects to report revenue for the fiscal year ended 28 February to be in line with prior-year revenue on a constant currency basis. However, it expects headline earnings per share to increase by at least 139% while earnings per share are expected to increase by 157%.
Its outsourcing operations in South Africa focused on exiting unprofitable contracts while its contingent business experienced robust demand in the final months of the fiscal year, offsetting weaker demand in the first months. Its training business has seen a recovery of revenue and earnings.
Adcorp did report that annual revenue was negatively affected by the exit from low-margin contract, the July KwaZulu Natal unrest in South Africa, flooding in Australia and the impact of Covid-19 in key markets.
The company expects to report earnings for the fiscal year ended 28 February on or around 30 May.
Share price and market cap
Shares in Adcorp closed up 4.55% on Monday in South Africa to ZAR 575.00 (USD 35.45); they were 28.35% above their 52-week low, according to FT.com. The company had a market cap of ZAR 577.3 million (USD 35.6 million).
Adcorp holdings JSE listed
www2.staffingindustr...hare-will-jump-61657
Adcorp Holdings Ltd. (ADR:JNB), a staffing provider based in Bryanston, South Africa, on Monday reported it expects to report revenue for the fiscal year ended 28 February to be in line with prior-year revenue on a constant currency basis. However, it expects headline earnings per share to increase by at least 139% while earnings per share are expected to increase by 157%.
Its outsourcing operations in South Africa focused on exiting unprofitable contracts while its contingent business experienced robust demand in the final months of the fiscal year, offsetting weaker demand in the first months. Its training business has seen a recovery of revenue and earnings.
Adcorp did report that annual revenue was negatively affected by the exit from low-margin contract, the July KwaZulu Natal unrest in South Africa, flooding in Australia and the impact of Covid-19 in key markets.
The company expects to report earnings for the fiscal year ended 28 February on or around 30 May.
Share price and market cap
Shares in Adcorp closed up 4.55% on Monday in South Africa to ZAR 575.00 (USD 35.45); they were 28.35% above their 52-week low, according to FT.com. The company had a market cap of ZAR 577.3 million (USD 35.6 million).