MEIK - Meikles Limited
Meikles Limited is a leading retail and hotel group in Zimbabwe. The company, which began in 1892, is prominently engaged in the hotel, retail, supermarket chain, agriculture, and security services industries. It wholly owns the premier 5-star Meikles Hotel in Harare, jointly operates Victoria Falls Hotel with African Sun, and has major holding in Cape Grace Hotel in Cape Town, South Africa. Other businesses of the group include the supermarket chain TM Supermarkets; Greatermans Stores, which offers department stores-style retail under the brand names Barbours and The M Store; Tanganda Tea Company, which is the biggest distributor of bulk and packaged tea, and also producer of the bottled spring water Tinga Mira; and Meikles Guard Services, which offers security guard services across the country. Through its diversified operating portfolio, Meikles is aiming to become “the leading hospitality and retail group” in Zimbabwe.
| Last Trading Results | |
|---|---|
| Opening Price | |
| Day’s Low Price | |
| Day’s High Price | |
| Traded Volume | 800 |
| Number of Deals | |
| Gross Turnover | 126,400.00 |
| Growth & Valuation | |
|---|---|
| Earnings Per Share | |
| Price/Earning Ratio | |
| Dividend Per Share | |
| Dividend Yield | |
| Shares Outstanding | 258M |
| Market Capitalization | 40.8B |
MEIK Stock Market Performance
| 1WK | 4WK | 3MO |
|---|---|---|
| +5.32% | -23.1% | +72.7% |
| 6MO | 1YR | YTD |
|---|---|---|
| +125% | +884% | +521% |
The current share price of Meikles Limited (MEIK) is ZWL 158.00. MEIK closed its last trading day (Monday, December 6, 2021) at 158.00 ZWL per share on the Zimbabwe Stock Exchange (ZSE), recording a 1.6% drop from its previous closing price of 160.65 ZWL. Meikles began the year with a share price of 25.4240 ZWL and has since gained 521% on that price valuation, ranking it 15th on the ZSE in terms of year-to-date performance. Investors should, however, take caution of MEIK’s recent poor performance, having lost 23% of its value in the past four weeks.
Meikles is the third most traded stock on the Zimbabwe Stock Exchange over the past three months (Sep 8 - Dec 6, 2021). MEIK has traded a total volume of 141 million shares valued at ZWL 22.2 billion over the period, with an average of 2.23 million traded shares per session. A volume high of 123 million was achieved on December 1st for the same period. The table below details the last 10 trading days of activity of Meikles on the Zimbabwe Stock Exchange.
| Date | Volume | Close | Change | Change% |
|---|---|---|---|---|
| 2021-12-06 | 800 | 158.00 | -2.65 | -1.65% |
| 2021-12-03 | 15,245,690 | 160.65 | +0.03 | +0.02% |
| 2021-12-02 | 13,000 | 160.62 | +2.3520 | +1.49% |
| 2021-12-01 | 122,903,771 | 158.2680 | ||
| 2021-11-30 | 15,300 | 158.2680 | +8.2429 | +5.49% |
| 2021-11-29 | 27,100 | 150.0251 | +4.0251 | +2.76% |
| 2021-11-26 | 600 | 146.00 | +1.00 | +0.69% |
| 2021-11-25 | 2,700 | 145.00 | -30.00 | -17.14% |
| 2021-11-24 | 5,900 | 175.00 | -15.8571 | -8.31% |
| 2021-11-23 | 1,400 | 190.8571 |
Profile of Meikles Limited
Meikles Limited operates in the Consumer Services sector. The company's board of directors, chaired by John R. T. Moxon, is composed of four members whose names are listed below.
- Moxon, John R. T.
Executive Chairman - Ncube, Kazilek
Executive Director - Chidembo, Rugare
Non-Executive Director - Mushore, James
Non-Executive Director
| Factsheet of Meikles Limited | |
|---|---|
| Sector: Consumer Services | Industry: — |
| Address: 90 Speke Avenue, P. O. Box 3598, Harare, Zimbabwe | |
| Telephone: +263-86-770-04021, +263-86-770-04022, +263-24-225-2068 | |
| Email: investorrelations@meikleslimited.co.zw | Website: www.meiklesltd.com |
MEIK Industrial Market Competitors
Meikles Limited, issuers of the MEIK stock on the Zimbabwe Stock Exchange, have seven market competitors who are also engaged in the Consumer Services sector. The table below presents an overview of their market standing.
| Code | Name | M. Cap. | Close | YTD |
|---|---|---|---|---|
| UNIF | Unifreight Africa Limited | 3.83B | 35.3846 | +18,924% |
| TRUW | Truworths Limited | 902M | 2.35 | +697% |
| EDGR | Edgars Stores Limited | 2.98B | 5.0019 | +300% |
| ASUN | African Sun Limited | 4.82B | 5.7888 | +248% |
| ZIMP | Zimbabwe Newspapers Limited | 1.69B | 3.00 | +206% |
| OKZ | OK Zimbabwe Limited | 30.5B | 24.4443 | +172% |
| RTG | Rainbow Tourism Group Limited | 10.9B | 4.37 | +128% |