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 13th most valuable stock on the ZSE with a market capitalization of ZiG 1.28 billion, which is about 1.7% of the Zimbabwe Stock Exchange equity market.
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Traded Volume | 0 |
Number of Deals | 0 |
Gross Turnover | 0.00 |
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Shares Outstanding | 258M |
Market Capitalization | 1.28B |
MEIK Stock Market Performance
1WK | 4WK | 3MO |
---|---|---|
-10% | -17.5% | -11.3% |
6MO | 1YR | YTD |
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+71.8% | +1,625% | +892% |
The current share price of Meikles Limited (MEIK) is ZiG 4.95. MEIK closed its last trading day (Friday, October 4, 2024) at 4.95 ZiG per share on the Zimbabwe Stock Exchange (ZSE), recording a 2.9% drop from its previous closing price of 5.10 ZiG. Meikles began the year with a share price of 0.499043 ZiG and has since gained 892% on that price valuation, ranking it 17th on the ZSE in terms of year-to-date performance. Investors should, however, take caution of MEIK’s recent poor performance, having lost 18% of its value in the past four weeks.
Meikles is the 19th most traded stock on the Zimbabwe Stock Exchange over the past three months (Jul 9 - Oct 7, 2024). MEIK has traded a total volume of 945,400 shares valued at ZiG 6.06 million over the period, with an average of 15,006 traded shares per session. A volume high of 348,100 was achieved on July 25th 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% |
---|---|---|---|---|
2024-10-04 | 25,000 | 4.95 | -0.15 | -2.94% |
2024-10-03 | 2,100 | 5.10 | -0.20 | -3.77% |
2024-10-02 | 43,500 | 5.30 | ||
2024-10-01 | 5,400 | 5.30 | -0.20 | -3.64% |
2024-09-30 | 4,100 | 5.50 | -0.343333 | -5.88% |
2024-09-27 | 3,000 | 5.843333 | -0.006094 | -0.10% |
2024-09-26 | 13,100 | 5.849427 | -0.000370 | -0.01% |
2024-09-25 | 8,600 | 5.849797 | -0.000203 | -0.00% |
2024-09-24 | 100 | 5.85 | +0.25 | +4.46% |
2024-09-18 | 200 | 5.60 |
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
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 |
---|---|---|---|---|
UNIF | Unifreight Africa Limited | 269M | 2.4804 | +2,379% |
OKZ | OK Zimbabwe Limited | 1.05B | 0.8432 | +885% |
RTG | Rainbow Tourism Group Limited | 1.45B | 0.58 | +806% |
ZIMP | Zimbabwe Newspapers Limited | 35.3M | 0.0629 | +362% |