SIM - Simbisa Brands Limited

Nov 28, 2022 at 14:26 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.

NOTE: Shares of Simbisa Brands Limited have been delisted from the Zimbabwe Stock Exchange (ZSE) since close of trading on Monday, November 28, 2022. Simbisa Brands was traded on the ZSE under the ticker symbol “SIM”. Simbisa Brands Limited was the fifth most valuable stock on the ZSE with a market capitalization of ZWL 141 billion, which made about 6.58% of the Zimbabwe Stock Exchange equity market at the time of delisting.

SIM Stock Market Performance

The current share price of Simbisa Brands Limited (SIM) is ZWL 250.9187. SIM closed its last trading day (Friday, November 25, 2022) at 250.9187 ZWL per share on the Zimbabwe Stock Exchange (ZSE), recording a 6.8% gain over its previous closing price of 235.0019 ZWL. Simbisa Brands began the year with a share price of 90.00 ZWL and has since gained 179% on that price valuation, ranking it eighth on the ZSE in terms of year-to-date performance.

Simbisa Brands is the 11th most traded stock on the Zimbabwe Stock Exchange over the past three months (Sep 1 - Nov 28, 2022). SIM has traded a total volume of 8.89 million shares valued at ZWL 1.6 billion over the period, with an average of 141,051 traded shares per session. A volume high of 552,100 was achieved on November 24th 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