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OTC Trading Update

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Best Bid & Ask.
Last trade: Friday, October 4, 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
Website https://powerspeed-ir.com

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