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.
NOTE: Shares of Meikles Limited are currently suspended from trading on the Zimbabwe Stock Exchange (ZSE) since close of trading on Monday, November 25, 2024. Meikles is traded on the ZSE under the ticker symbol “MEIK”. Meikles Limited is currently the 13th most valuable stock on the ZSE with a market capitalization of ZiG 904 million, which is about 1.54% of the Zimbabwe Stock Exchange equity market.
| Last Trading Results | |
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| Opening Price | |
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| Day’s High Price | |
| Traded Volume | 0 |
| Number of Deals | 0 |
| Gross Turnover | 0.00 |
| Growth & Valuation | |
|---|---|
| Earnings Per Share | |
| Price/Earning Ratio | |
| Dividend Per Share | |
| Dividend Yield | |
| Shares Outstanding | 258M |
| Market Capitalization | 904M |
MEIK Stock Market Performance
| 1WK | 4WK | 3MO |
|---|---|---|
| -15.4% | -22.2% | -41.6% |
| 6MO | 1YR | YTD |
|---|---|---|
| +25.1% | +697% | +602% |
The current share price of Meikles Limited (MEIK) is ZiG 3.501718. MEIK closed its last trading day (Friday, November 22, 2024) at 3.501718 ZiG per share on the Zimbabwe Stock Exchange (ZSE), recording a 2.3% drop from its previous closing price of 3.585982 ZiG. Meikles began the year with a share price of 0.499043 ZiG and has since gained 602% on that price valuation. Investors should, however, take caution of MEIK’s recent poor performance, having lost 22% of its value in the past four weeks.
Meikles has traded a total volume of 817,400 shares valued at ZiG 3.54 million over the past three months (Aug 29 - Nov 25, 2024), with an average of 12,975 traded shares per session. A volume high of 192,800 was achieved on November 4th 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% |
|---|---|---|---|---|
| 2024-11-22 | 145,500 | 3.501718 | -0.084264 | -2.35% |
| 2024-11-21 | 11,200 | 3.585982 | -0.554435 | -13.39% |
| 2024-11-20 | 1,200 | 4.140417 | -0.002083 | -0.05% |
| 2024-11-19 | 200 | 4.1425 | +0.002034 | +0.05% |
| 2024-11-18 | 34,300 | 4.140466 | -0.010223 | -0.25% |
| 2024-11-14 | 101,600 | 4.150689 | -0.049311 | -1.17% |
| 2024-11-13 | 58,500 | 4.20 | -0.2198 | -4.97% |
| 2024-11-12 | 2,000 | 4.4198 | +0.1203 | +2.80% |
| 2024-11-06 | 1,400 | 4.2995 | +0.013125 | +0.31% |
| 2024-11-05 | 3,200 | 4.286375 |
Profile of Meikles Limited
Meikles Limited operates in the Consumer Services sector.
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 four 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 |
|---|---|---|---|---|
| ZIMP | Zimbabwe Newspapers Limited | 86.5M | 0.1540 | +54% |
| RTG | Rainbow Tourism Group Limited | 1.59B | 0.6350 | +5.39% |
| OKZ | OK Zimbabwe Limited | 483M | 0.3870 | -27% |
| UNIF | Unifreight Africa Limited | 195M | 1.80 | -27.5% |