Meikles (LSE:MIK) Shares Outstanding (Basic Average): 261 Mil (As of Feb. 2024)


LSE:MIK Meikles Ltd LSE:MIK
17 GF Score
Price $0.43
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What is Meikles Shares Outstanding (Basic Average)?

Meikles LSE:MIK 17 Shares Outstanding (Basic Average) is 261 Mil as of Feb. 2024. GuruFocus rates LSE:MIK with a GF Score™ of 17/100.

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Meikles's average basic shares outstanding for the quarter that ended in Feb. 2024 was 261 Mil.

Meikles  (LSE:MIK) Shares Outstanding (Basic Average) Explanation

A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.

Be Aware

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.

Meikles Shares Outstanding (Basic Average) Related Terms

Meikles Shares Outstanding (Basic Average) Historical Data

* Premium members only.

The historical data trend for Meikles's Shares Outstanding (Basic Average) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Meikles Shares Outstanding (Basic Average) Chart

Meikles Annual Data
Trend Dec08 Dec09 Mar11 Mar12 Mar19 Mar20 Mar21 Mar22 Feb24
Shares Outstanding (Basic Average)
Get a 7-Day Free Trial Premium Member Only 256.44 261.07 261.07 261.07 261.07

Meikles Semi-Annual Data
Dec08 Dec09 Mar11 Mar12 Sep12 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Aug23 Feb24
Shares Outstanding (Basic Average) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 261.23 260.90 261.07 261.07 261.06
LSE:MIK
17GF Score
Meikles Ltd LSE:MIK
Shares Outstanding (Basic Average) is just one metric. See GF Score™, valuation, warning signs, and more.
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Meikles Shares Outstanding (Basic Average) Calculation

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.

Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.

What does a Shares Outstanding (Basic Average) of 261 Mil mean?
Meikles (LSE:MIK) has a Shares Outstanding (Basic Average) of 261 Mil as of Feb. 2024. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Meikles and its competitors.
Is Meikles' Shares Outstanding (Basic Average) too high?
Meikles' current Shares Outstanding (Basic Average) is 261 Mil. Overall, Meikles has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Meikles' Shares Outstanding (Basic Average) compare to DDS and M?
Meikles' Shares Outstanding (Basic Average) of 261 Mil can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (Basic Average) for a Retail - Cyclical company?
A good Shares Outstanding (Basic Average) depends on the Retail - Cyclical industry context. However, Shares Outstanding (Basic Average) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (Basic Average) mean?
A high Shares Outstanding (Basic Average) can signal that a stock is expensive relative to its fundamentals. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Meikles and its competitors. Meikles's current Shares Outstanding (Basic Average) is 261 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meikles stock overvalued right now?
Meikles (LSE:MIK) has a current Shares Outstanding (Basic Average) of 261 Mil. The current Shares Outstanding (Basic Average) is 261 Mil. Meikles' overall GF Score™ is 17/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (Basic Average) calculated?
Shares Outstanding (Basic Average) is calculated from a company's financial statements. For Meikles (LSE:MIK), the current Shares Outstanding (Basic Average) is 261 Mil as of Feb. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Meikles Business Description

Address 4 Steppes Road, Highlands, Harare, ZWE
Meikles Ltd is a Zimbabwe-based investment holding company with diversified segments. Its Supermarkets segment operates a chain of stores offering groceries, fresh produce, and household goods, generating the majority of the revenue in Zimbabwe. The Hotels segment provides accommodation, food and beverage services, event hosting, and leisure facilities. The Properties segment develops, leases, and manages commercial properties. The Security Services segment provides on-site personnel to corporate and residential clients, while the Corporate segment oversees administration and strategic planning. Operations are divided between Zimbabwe and non-Zimbabwe, with the majority of revenue coming from Zimbabwe.
17GF Score

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