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.
Meikles Limited is listed on the Zimbabwe Stock Exchange (ZSE). Meikles is traded on the ZSE under the ticker symbol “MEIK”. Meikles Limited is currently the 16th most valuable stock on the ZSE with a market capitalization of ZWL 176 billion, which is about 1.75% of the Zimbabwe Stock Exchange equity market.
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MEIK Stock Market Performance
The current share price of Meikles Limited (MEIK) is ZWL 681.0606. MEIK closed its last trading day (Wednesday, September 27, 2023) at 681.0606 ZWL per share on the Zimbabwe Stock Exchange (ZSE), recording a 9.8% gain over its previous closing price of 620.00 ZWL. Meikles began the year with a share price of 112.00 ZWL and has since gained 508% on that price valuation, ranking it 19th on the ZSE in terms of year-to-date performance.
Meikles is the ninth most traded stock on the Zimbabwe Stock Exchange over the past three months (Jun 27 - Sep 27, 2023). MEIK has traded a total volume of 12.9 million shares valued at ZWL 8.98 billion over the period, with an average of 204,244 traded shares per session. A volume high of 4.69 million was achieved on September 20th for the same period. The table below details the last 10 trading days of activity of Meikles on the Zimbabwe Stock Exchange.
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.
- Ncube, Kazilek
- Chidembo, Rugare
- Mushore, James
Factsheet of Meikles Limited
- Consumer Services
- 90 Speke Avenue, P. O. Box 3598, Harare, Zimbabwe
- +263-86-770-04021, +263-86-770-04022, +263-24-225-2068
MEIK Industrial Market Competitors
Meikles Limited, issuers of the MEIK stock on the Zimbabwe Stock Exchange, have six market competitors who are also engaged in the Consumer Services sector. The table below presents an overview of their market standing.
|RTG||Rainbow Tourism Group Limited||345B||138.00||+1,456%|
|EDGR||Edgars Stores Limited||61.1B||102.60||+980%|
|UNIF||Unifreight Africa Limited||27.9B||258.00||+400%|
|ZIMP||Zimbabwe Newspapers Limited||6.18B||11.00||+356%|
|OKZ||OK Zimbabwe Limited||151B||120.91||+274%|