DLTA - Delta Corporation Limited

Jul 1, 2022 at 14:27 Twitter · Facebook

DLTA share price on Zimbabwe Stock Exchange

Delta Corporation Limited, established in 1946, is a Zimbabwean beverage company based in Harare. The company's portfolio include local and international brands in lager beer, traditional beer, Coca-Cola franchised sparkling and alternative non-alcoholic beverages. Additionally, the company has several investments in associate companies whose activities are primarily into the making of cordials and juice drinks, wines, and spirits.

In 1978, Delta Corporation became a holding company for a range of interests including lager and sorghum beer brewing, bottling of carbonated and non-carbonated soft drinks, supermarket and furniture retailing, tourism and hotels, and agro-industrial operations. The hotel, supermarket and furniture retailing businesses were, however, de-merged from the company in 2002 so as to focus on the core beverages sectors. Delta Corporation Limited has a minority shareholding in the now consolidated packaging group NamPak Zimbabwe.

Delta Corporation Limited is listed on the Zimbabwe Stock Exchange (ZSE). Delta is traded on the ZSE under the ticker symbol “DLTA”. Delta Corporation Limited is currently the second most valuable stock on the ZSE with a market capitalization of ZWL 427 billion, which makes about 15.1% of the entire Zimbabwe Stock Exchange equity market.

DLTA Stock Market Performance

The current share price of Delta Corporation Limited (DLTA) is ZWL 332.7016. DLTA closed its last trading day (Friday, July 1, 2022) at 332.7016 ZWL per share on the Zimbabwe Stock Exchange (ZSE), recording a 2.4% drop from its previous closing price of 340.9864 ZWL. Delta began the year with a share price of 162.5312 ZWL and has since gained 105% on that price valuation, ranking it 14th on the ZSE in terms of year-to-date performance. Investors should, however, take caution of DLTA’s recent poor performance, having lost 17% of its value in the past four weeks.

Delta Corporation is the sixth most traded stock on the Zimbabwe Stock Exchange over the past three months (Mar 31 - Jul 1, 2022). DLTA has traded a total volume of 19.2 million shares valued at ZWL 6.79 billion over the period, with an average of 304,797 traded shares per session. A volume high of 1.07 million was achieved on May 11th, and a low of 10,300 on April 25th, for the same period. The table below details the last 10 trading days of activity of Delta on the Zimbabwe Stock Exchange.

Profile of Delta Corporation Limited

Delta Corporation Limited operates in the Consumer Goods sector, specifically, the Beverages industry. Delta Corporation contracts an estimated total number of 4,800 employees. The company is led by Pearson Gowero as its Chief Executive Officer. The company's board of directors, chaired by Canaan Farirai Dube, is composed of 13 members whose names are listed below.

1. Dube, Canaan Farirai
   Chairman
2. Gowero, Pearson
   Chief Executive Officer
3. Valela, Mathlogonolo Mothibedi
   Executive Director, Finance
4. Hammond, Simon James
   Non-Executive Director
5. Jinyas, Charity Chiratidzo
   Non-Executive Director
6. Kirby, Jonathan Andrew
   Non-Executive Director
7. Moyo, Todd
   Non-Executive Director
8. Ngwerume, Luke
   Non-Executive Director
9. Sibanda, Thembinkosi
   Non-Executive Director
10. Murray, Andrew Scott
    Non-Executive Director
11. Fundira, Emma
    Board Member
12. Swartz, Lucia Adele
    Board Member
13. Rivett-Carnac, Richard
    Board Member

DLTA Industrial Market Competitors

Delta Corporation Limited, issuers of the DLTA stock on the Zimbabwe Stock Exchange, have a number of market competitors who are also engaged in the Consumer Goods sector and/or Beverages industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.

Index of African Stock Exchanges:

1. Botswana Stock Exchange
2. BRVM Stock Exchange
3. Ghana Stock Exchange
4. Johannesburg Stock Exchange
5. Lusaka Securities Exchange
6. Malawi Stock Exchange
7. Nairobi Securities Exchange
8. Nigerian Stock Exchange
9. Uganda Securities Exchange
10. Zimbabwe Stock Exchange