TANG - Tanganda Tea Company
Tanganda Tea Company Limited is the largest producer, packer, and distributor of tea in Zimbabwe. The first commercial tea was planted at New Year’s Gift Estate in 1924. Tanganda, to date, has also developed the largest hectarage of both macadamia nuts and avocados to become the single largest producer of both crops in Zimbabwe. The company is also involved in coffee production and spring water bottling.
Tanganda Tea Company is divided into three operating divisions, namely, Agriculture, Beverage, and Corporate and Administration divisions.
- The Agriculture Division is based in Chipinge and consists of five estates inter-cropped with tea, coffee, avocados and macadamia nuts. The division has an active out-grower scheme supporting tea farmers covering about 1,000 hectares of land.
- The Beverage Division is focused on creating and developing brands mainly from but not limited to the primary agricultural products and consists of a blending and packaging plant in Mutare with sales and distribution depots in Harare, Bulawayo, Gweru, and Mutare. The division’s market is mainly local but has a growing export market into the region. New consumer products and services development is a key focus for the division.
- The Corporate and Administration Division is responsible for administration and support services for the Agriculture and Beverage divisions.
Tanganda Tea Company is listed on the Zimbabwe Stock Exchange (ZSE) since February 3rd, 2022. Tanganda Tea is traded on the ZSE under the ticker symbol “TANG”. The International Securities Identification Number (ISIN) of ZSE:TANG is ZW0009012411. Tanganda Tea Company is currently the 18th most valuable stock on the ZSE with a market capitalization of ZWL 20.9 billion, which is about 0.93% of the Zimbabwe Stock Exchange equity market.
|Last Trading Results|
|Day’s Low Price|
|Day’s High Price|
|Number of Deals|
|Growth & Valuation|
|Earnings Per Share|
|Dividend Per Share|
TANG Stock Market Performance
The current share price of Tanganda Tea Company (TANG) is ZWL 79.9985. TANG closed its last trading day (Thursday, September 29, 2022) at 79.9985 ZWL per share on the Zimbabwe Stock Exchange (ZSE), recording a 4% drop from its previous closing price of 83.3636 ZWL. Tanganda Tea closed its IPO day (February 3, 2022) with a share price of 67.0601 ZWL and has since gained 19.3% on that price valuation, ranking it 27th on the ZSE in terms of year-to-date performance. Investors should, however, take caution of TANG’s recent poor performance, having lost 35% of its value in the past four weeks.
Tanganda Tea Company is the 24th most traded stock on the Zimbabwe Stock Exchange over the past three months (Jul 1 - Sep 29, 2022). TANG has traded a total volume of 2.03 million shares valued at ZWL 249 million over the period, with an average of 32,163 traded shares per session. A volume high of 372,300 was achieved on August 31st for the same period. The table below details the last 10 trading days of activity of Tanganda Tea on the Zimbabwe Stock Exchange.
Profile of Tanganda Tea Company Limited
Tanganda Tea Company Limited was founded on April 4, 1930 and operates in the Consumer Goods sector, specifically, the Food Production industry.
Factsheet of Tanganda Tea Company Limited
- Consumer Goods
- Food Production
- 15 Vumba Road, Mutare, Zimbabwe
TANG Industrial Market Competitors
Tanganda Tea Company Limited, issuers of the TANG stock on the Zimbabwe Stock Exchange, have a number of market competitors who are also engaged in the Consumer Goods sector and/or Food Production industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.
|SACL||Star Africa Corporation Limited||7.3B||1.5524||+33.7%|
|AFDS||African Distillers Limited||35.2B||300.00||+140%|
|NTS||National Tyre Services Limited||3.3B||13.00||+106%|
|SIM||Simbisa Brands Limited||89.7B||159.2311||+76.9%|
|DLTA||Delta Corporation Limited||333B||259.3290||+59.6%|
|SEED||Seed Co Limited||27.2B||110.00||+4.2%|
|ARIS||Ariston Holdings Limited||6.23B||3.8683||+3.93%|
|BAT||British American Tobacco Limited||61.4B||2,978.6670||-6.95%|
|NTFD||National Foods Holdings Limited||82.1B||1,200.00||-12.7%|
|HIPO||Hippo Valley Estates Limited||39.9B||207.00||-26.1%|