Slow death for Adcorp continues since 2007 - New target!

To think Adcorp Holdings went from R43 in 2007 down to R3.61 in 2023....

It's just been one long hard road down from there.

In case you don't know, Adcorp Holdings is a South African-based workforce management and business process outsourcing company.

And due to the bad managenent, poor financials, slow growth and major financial troubles after the Financial Crash along with COvid- it's not been easy.

When we look at this chart, it's showing a slow death with a Bear rectangle now in the making.

Break down and we will see R1.50.

Nothing much we can do as no broker will allow a scrip to short the company. And investors can do nothing but wait and wait for any positive news.

From a Blue Chip to a Penny Stock is also never a good sign for a company.