An investment in Adapt IT over the last three years or, even better, over five years would have paid off handsomely. The IT counter has proved to be by far the best performer among technology and telecommunications stocks on the JSE over the longer term.
In the last three years, Adapt IT shares have appreciated by 626,6%, and over five years they have risen by a spectacular 2 037.2%. The Durban-based IT services business has performed consistently well, delivering strong earnings growth over that time.
But TechCentral research shows handsome returns were to be had in other technology shares.
Noteable performers over five years include Vodacom (109.5% up over five years), Mustek (111.3%) Pinnacle Holdings (146.3%), Net1 UEPS Technologies (163%), Naspers (423.4%) and EOH (up by a massive 1 004.4% over five years)….