Investor Relations

OTC Trading Update




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Best Bid & Ask.
Last trade: Thursday, November 30, 2023
Trades are in US cents

Performance Highlights

HY 2023

During the period under review, there was significant growth in shareholder equity, which rose from ZWL$8.2b to ZWL$12.3b during the six months. In real terms, the growth in equity value per share was approximately 9.87% during the six months under review.

Powerspeed, HY2023 Revenue: +490%
Powerspeed, HY2023 Profit before taxation: +175%
Powerspeed, HY2023 Diluted EPS: +179%

Strong funds flow from the diaspora is driving a boom in residential construction throughout the country, which is, in turn, driving demand for building materials. We have substantially improved our ability to service this market and we expect continued growth from this source.

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.


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 (
Ticker Code
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
15.00 15.00
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Latest Activity

Trade Date November 30, 2023
Bid 0.00
Ask 0.00
Sales US cents
Volume Traded 0
Value Traded US$ 0
Liquidity (12m) US$ 105.4K

Market Info

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

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