Investor Relations

OTC Trading Update

15.00

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0.00%

0.00 / 0.00 (Bid / Ask)

(Volume)

Best Bid & Ask.
Last trade: Wednesday, April 17, 2024
Trades are in US cents

Performance Highlights

FY 2023

We have remained focused on growing throughput and building real balance sheet value, both of which have been accomplished during the year under review. In real terms, we achieved a 19.0% growth in net asset value (NAV) per share.

Powerspeed, FY2023 Revenue: +126%
Powerspeed, FY2023 Profit before taxation: -44%
Powerspeed, FY2023 Diluted EPS: -46%

In September 2023, Electrosales Hardware opened its twenty-second branch in Zvishavane, providing large-format hardware supplies to an area that previously did not have access to such conveniences. Although the initial throughput was slow, it has steadily increased since the branch’s opening.

V.R. Gapare, Chairman

Powerspeed Electricals Investor Relations

Powerspeed Electrical Limited

Powerspeed Electrical is a leading supplier of electrical, hardware, building and home improvement products and services; trading through its own chain of hardware retail outlets known as Electrosales Hardware. The company supplies electrical products and solutions to the painting, plumbing, electrical, building, hand and power tools, outdoor and gardening, and automotive industries in Zimbabwe.

Important

Powerspeed Electrical de-listed from the Zimbabwe Stock Exchange on 18 December 2020. With effect from 11 January 2021, our shares are traded over-the-counter (OTC). Shareholders are notified of a company share buyback scheme and OTC share trading guidelines, which are operational.

Company Information

Registered Name Powerspeed Electrical Limited (PWS.zw)
ISIN -
Ticker Code PWS.zw
Sector Retail
Stock Exchange Zimbabwe OTC
Chairman Victor Gapare
Managing Director Hilton Macklin
Company Secretary Martin Gurira
Transfer Secretary First Transfer Secretaries (Pvt) Ltd (zw)
Year End September
Year Founded 2000
Year Listed 2021

3 Reasons to Consider Investing in Powerspeed Electrical Limited

Brand Leader

A leading brand for the retail and wholesale supply of all types of hardware and home improvement products through Electrosales Hardware

Market Footprint

Through exploiting identified opportunities, we are poised for increasing our footprint in the market, thereby improving our market share

Delivering Value

With a long history which began in the 1970’s, Powerspeed Electrical understands the market so well, delivering real value to shareholders

Our Share Price in Action

Share Quote

US cents15.00
0.00 / 0.00%
 
Year to date  0.00%
52 Week Change  0.00%
 
52 Week Low 52 Week High
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Company alerts available

Latest Activity

Trade Date April 17, 2024
Bid 0.00
Ask 0.00
Sales US cents
Volume Traded 0
Value Traded US$ 0
Liquidity (12m) US$ 261.1K

Market Info

Sector Retail
Exchange Zimbabwe OTC
ISIN -
Year End September
Founded 2000
Listed 2021
Managing Director Hilton Macklin

Investor News

Financial Summary

The facts that affect Powerspeed‘s underlying value.

 30-Sep-202330-Sep-202230-Sep-202130-Sep-202030-Sep-201930-Sep-2018
Revenues389,512,497,222172,562,500,3598,660,239,3142,159,674,433267,929,19382,496,276
Attributable PAT60,280,912,513111,192,932,565154,410,56060,678,16117,563,1454,201,694
Shareholders funds269,588,298,842158,976,925,1722,144,204,2551,706,265,510369,137,64614,493,396
Net interest bearing debt15,311,022,2418,925,101,702247,584,8111,297,7161,570,2947,337,121
Cash on hand5,853,493,6851,902,741,499279,764,96264,779,66514,247,4101,287,571
Interest bearing debt21,164,515,92610,827,843,201527,349,77366,077,38115,817,7048,624,692
Net current assets152,870,432,359138,965,965,8071,432,768,0291,444,366,687224,382,1755,432,056

Corporate Governance

Powerspeed Electrical Limited is fully committed to effective corporate governance and the need for integrity and high ethical standards in the conduct of its business.

Powerspeed Electrical Limited fully supports the King Reports on corporate governance (originated in South Africa) and endorses the need to conduct its business in accordance with the highest standards of corporate practice.

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Contact us

Powerspeed Electrical Limited (PWS.zw)
Address

Kelvin Road North/Cripps Road
Graniteside
PO Box 942, Harare

Phone
(+263) 8677 700 700
Email

Transfer secretary

First Transfer Secretaries (Pvt) Ltd (zw)
Address

1 Armagh Avenue, Eastlea
P.O. Box 11
Harare, Zimbabwe

Phone
+263-242-782869/72
Website

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