Edgars Q1 2024 Trading Update
We use a divisor of 5 on the resultant balance after purchases at the close of each trading month. If the resultant installment after dividing your closing balance by five is greater than your previous installment then the installment will change upwards. But if the resultant installment is less or equal to the previous installment then the installment will not change. Your installment will only change if you buy when your current balance is less than or equal to the last installment. E.G.
This has been made simple as we do not load interest on our credit. This formula is easy and flexible for you the customer as you can easily relate your purchases and divide the resultant balance and come up with your next installment due. If we where to go the route you suggested it will be very confusing to many customers as we run a revolving credit account where one can buy as many times as long as there is credit available on the account. Imagine if you buy in three consecutive months. Your installment will definitely be high and only to reduce as you pay in the subsequent months. Budgeting will become a problem.
Should you wish for further clarification please do phone us on 09-881626 ext 2616.
A share is a unit of ownership in a company. When you own a share you become a part-owner (shareholder) of a company and you will have the right to receive any dividends paid on each share that you own, receive an electronic or paper copy or summary of the company's annual report and financial statements as well as any other shareholder communications. You will also have the right to attend, ask questions and vote at general meetings of the company.
When you buy shares in Edgars, or any listed company for that matter, you should get a contract note and then a share certificate from the broker through which you bought your shares. If you don't have either of these, we recommend that you contact the broker through which you bought your Edgars shares.
Soon after the trading session on a daily basis, the Share Quote is updated with results of trading in Edgars shares. You may also want to view the share price performance over a range of periods on our interactive share trading graphwhich is also available on this website. We also make available for download the daily share trading data in Excel, which you can manipulate in your own way. You are also encouraged to register for weekly share trading alerts from Edgars.
Share prices generally change on a daily basis. To value your portfolio, simply multiply the number of shares you own in Edgars Stores Limited by the current share price as available in the Share Quote in this website. Note that this value excludes transaction costs, which vary by country of jurisdiction.
The share price will be influenced by a number of factors, some of which are outside the company's control. The factors may include:
As with all listed shares, the share price of Edgars Stores Limited on the Zimbabwe Stock Exchange can go up or down. If you sell your shares, you may receive more or less than you originally paid for them.
A dividend is a taxable sum of money declared by a company's board of directors and given to its shareholders out of the company's current or retained earnings. Dividends are usually given as cash (cash dividend), but they can also take the form of stock (scrip dividend) or other property. There is no guarantee that a company will make dividend payments in any given year or years.
It depends on the type of the dividend declared. If it’s a purely cash dividend, you do not have an option to take up shares instead. However, if a cash dividend with a scrip option is declared, you can opt to receive more shares in the company. If you are paid your dividend in cash, you can ask you broker to reinvest the proceeds into Edgars shares on your behalf.
Yes, this is possible. You need to contact our registrars and provide them with your banking details as well as the instruction to directly deposit your future dividends into your account. They will assist you.
Our annual reports are available for download in PDF from the Downloads section of this website. If you register to receive financial reports from us, we will send you the links to the reports upon release. Hardcopies may be requested from the Company Secretary, whose contact details are available here >>.
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