Adcorp Holdings (JSE: ADR)

6.24 now, green day for ADR.

6.24 now, that's lekker!

6.24, up 2.5% today. Steady.

R6.38 now, that's a decent pop today.

6.38 now, nearly 8 percent up. Lekker start to the week.

5.85 now, down hard today eish.

5.85 now, down nearly 9%. Ouch.

5.85 now, down hard today.

5.81 now, down 6%. Ouch.

5.81 now, down hard today.

6.30 now, that's a good jump today

6.30 now. Bit of green after those rough months.

ADR at R6.34 is pricing in a lot of pessimism given the staffing headwinds, but the dividend yield remains decent if management can stabilize revenue. The real question is whether the labour cost inflation in SA is a structural ceiling for margins, or if they can actually grow th

ADR at R6.39 is trading at a fraction of where Staffline was before it collapsed, which makes me nervous given both operate in labour solutions. The dividend yield is decent if they can maintain it, but I'd rather size into a more stable industrial like Optimal or Datatec until A

ADR's been a tough hold through the cycle: recruitment is cyclical, margins compress in downturns, and the outfit hasn't managed consistent earnings growth. At R6.70 you're pricing in modest recovery but the dividend yield doesn't compensate for the operational risk if economic h

Grabbed more ADR at R6.44 because the temp staffing cycle typically picks up into year-end and the balance sheet's light enough that even modest revenue recovery hits the bottom line hard.

ADR breaking above R6.60 resistance with decent volume behind it, first real momentum we've seen in weeks on this one.

Do you think staffing companies can recover when corporates are cutting headcount. ADR's been getting hammered, sitting at R6.13, and I'm wondering if the margin compression is just cyclical or if clients are moving offshore for cheaper labour. Not sure about this one long term.

ADR's been getting smashed on the back of weak employment data and that rand weakness making offshore earnings less attractive. Staffing sector always lags when corporates start cutting headcount, so earnings compression is real, but the long-term view hasn't changed. Inflation's still eating into margins but once rate cuts actually kick in next year the hiring cycle should pick up again. Rather hold through this than chase something else.

interesting numbers coming through on adcorp's temp division, the margin compression is real but recruitment fees holding up better than i'd have expected given the macro headwinds. fwiw if they can stabilise permanent placement momentum thru the second half the shorts might be wrong on the r6 level, but load-shedding chaos probably keeps hiring on ice for a bit longer imo.