African Stock Exchanges

MEIK - Meikles Limited

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MEIK share price on Zimbabwe Stock ExchangeMEIK share price on Zimbabwe Stock Exchange

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 seventh most valuable stock on the ZSE with a market capitalization of ZWL 83.9 billion, which is about 2.24% of the Zimbabwe Stock Exchange equity market.

MEIK325.00 ▪ 0.00
6 hours ago
Last Trading Results
Opening Price
Day’s Low Price
Day’s High Price
Traded Volume4,700
Number of Deals
Gross Turnover1.53M
Growth & Valuation
Earnings Per Share
Price/Earning Ratio
Dividend Per Share
Dividend Yield
Shares Outstanding258M
Market Capitalization83.9B
Monetary values are quoted in Zimbabwe Dollar (ZWL) unless otherwise stated

MEIK Stock Market Performance

1WK4WK3MO
+4.61%+66.7%+190%
6MO1YRYTD
+225%+132%+190%

The current share price of Meikles Limited (MEIK) is ZWL 325.00. MEIK closed its last trading day (Friday, March 31, 2023) at 325.00 ZWL per share on the Zimbabwe Stock Exchange (ZSE). Meikles began the year with a share price of 112.00 ZWL and has since gained 190% on that price valuation, ranking it seventh on the ZSE in terms of year-to-date performance. Shareholders can be optimistic about MEIK knowing the stock has accrued an outstanding 67% over the past four-week period alone—fourth best on ZSE.

Meikles is the 32nd most traded stock on the Zimbabwe Stock Exchange over the past three months (Jan 3 - Mar 31, 2023). MEIK has traded a total volume of 571,000 shares valued at ZWL 108 million over the period, with an average of 9,063 traded shares per session. A volume high of 99,900 was achieved on February 28th for the same period. The table below details the last 10 trading days of activity of Meikles on the Zimbabwe Stock Exchange.

DateVolumeCloseChangeChange%
2023-03-314,700325.00
2023-03-30200325.00+9.9737+3.17%
2023-03-293,800315.0263-0.0062-0.00%
2023-03-288,300315.0325+0.0325+0.01%
2023-03-272,200315.00+4.3348+1.40%
2023-03-2428,600310.6652+0.0365+0.01%
2023-03-2320,200310.6287+0.1599+0.05%
2023-03-223,200310.4688+0.2307+0.07%
2023-03-212,100310.2381+0.2381+0.08%
2023-03-20500310.00

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.

  1. Moxon, John R. T.
    Executive Chairman
  2. Ncube, Kazilek
    Executive Director
  3. Chidembo, Rugare
    Non-Executive Director
  4. 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

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.

CodeNameM. Cap.CloseYTD
ASUNAfrican Sun Limited68.3B82.0702+234%
EDGREdgars Stores Limited15.5B26.00+174%
ZIMPZimbabwe Newspapers Limited3.37B6.00+149%
OKZOK Zimbabwe Limited83.6B66.9506+107%
RTGRainbow Tourism Group Limited33.8B13.50+52.2%
UNIFUnifreight Africa Limited7.58B70.00+35.5%
TRUWTruworths Limited946M2.4643-10.4%

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

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