MEIK - Meikles Limited

Mar 31, 2023 at 13:52 Twitter · Facebook

MEIK 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.

MEIK Stock Market Performance

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.

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

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.

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