Investor Relations

OTC Trading Update

15.00

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0.00%

0.00 / 0.00 (Bid / Ask)

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Best Bid & Ask.
Last trade: Wednesday, July 24, 2024
Trades are in US cents

Performance Highlights

HY 2024

In May 2024, we celebrated the opening of our 23rd branch at Madokero Mall, Tynwald. The initial performance has​ been encouraging, and we look forward to its continued success.

Powerspeed, HY2024 Revenue: +24%
Powerspeed, HY2024 Profit before taxation: +136%
Powerspeed, HY2024 Diluted EPS: +135%

Strong remittance flow from the diaspora are fueling a surge in residential construction nationwide,​ thereby boosting the demand for building materials. We have significantly​ enhanced our capacity to serve this market​ segment and anticipate further growth from this demographic.

M.S Gurira, Group Company Secretary

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 July 24, 2024
Bid 0.00
Ask 0.00
Sales US cents
Volume Traded 0
Value Traded US$ 0
Liquidity (12m) US$ 489.2K

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.

(All values displayed below are in US$)

 HY 2024HY 2023
Revenues58,159,83346,867,359
Attributable PAT2,937,0491,245,882
Shareholders funds49,117,01140,637,524
Net interest bearing debt3,276,6301,068,805
Cash on hand1,142,7021,511,011
Interest bearing debt4,419,3322,579,816
Net current assets27,669,95727,213,880

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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