SIM - Simbisa Brands Limited

Jun 30, 2022 at 15:27 Twitter · Facebook

SIM share price on Zimbabwe Stock Exchange

Simbisa Brands Limited is a public company that owns, operates and franchises of a basket of Quick Service Restaurant (QSR) brands. Simbisa is unique in that it not only owns the intellectual property rights of the brands within its portfolio but also owner-operates majority of the outlets of the QSR brands. The company currently operates 413 QSR restaurants in nine countries across Africa with future ambitions of further expansion across the region. Although on August 5, 2015 Simbisa Brands was incorporated as a wholly owned subsidiary of Innscor, effective October 1, 2015 Simbisa acquired, through a scheme of reconstruction, all the assets and liabilities of the QSR business from Innscor in exchange for 541,593,440 shares in the company. Simbisa Brands Limited is currently in negotiations for acquisition of an international complimentary business in order to spread risks and achieve its goal of spreading its footprint over different markets.

Simbisa Brands Limited is listed on the Zimbabwe Stock Exchange (ZSE). Simbisa Brands is traded on the ZSE under the ticker symbol “SIM”. Simbisa Brands Limited is currently the eighth most valuable stock on the ZSE with a market capitalization of ZWL 109 billion, which makes about 3.84% of the Zimbabwe Stock Exchange equity market.

SIM Stock Market Performance

The current share price of Simbisa Brands Limited (SIM) is ZWL 194.3059. SIM closed its last trading day (Thursday, June 30, 2022) at 194.3059 ZWL per share on the Zimbabwe Stock Exchange (ZSE), recording a 2.8% drop from its previous closing price of 199.8731 ZWL. Simbisa Brands began the year with a share price of 90.00 ZWL and has since gained 116% on that price valuation, ranking it 13th on the ZSE in terms of year-to-date performance. Investors should, however, take caution of SIM’s recent poor performance, having lost 12% of its value in the past four weeks.

Simbisa Brands is the 12th most traded stock on the Zimbabwe Stock Exchange over the past three months (Mar 30 - Jun 30, 2022). SIM has traded a total volume of 11 million shares valued at ZWL 2.75 billion over the period, with an average of 174,986 traded shares per session. A volume high of 955,400 was achieved on May 30th, and a low of 1,300 on April 1st, for the same period. The table below details the last 10 trading days of activity of Simbisa Brands on the Zimbabwe Stock Exchange.

Profile of Simbisa Brands Limited

Simbisa Brands Limited operates in the Consumer Goods sector, specifically, the Hotels, Restaurants & Leisure industry. The company is led by Basil Dionisio as its Group Chief Executive Officer. The company's board of directors, chaired by Addington Chinake, is composed of five members whose names are listed below.

1. Chinake, Addington
   Non-Executive Chairman
2. Dionisio, Basil
   Group Chief Executive Officer
3. Guchu, Baldwin
   Group Finance Director
4. Koudounaris, Zinona Zed
   Non-Executive Director
5. Gupta, Amit
   Non-Executive Director

SIM Industrial Market Competitors

Simbisa Brands Limited, issuers of the SIM stock on the Zimbabwe Stock Exchange, have a number of market competitors who are also engaged in the Consumer Goods sector and/or Hotels, Restaurants & Leisure industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.

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