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TPS East Africa HY2018

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Superprime1		#1 Posted : Tuesday, August 14, 2018 4:19:37 PM
Rank: Member Joined: 5/2/2018 Posts: 267		TPS East Africa, owner of the Serena hotels brand, cut its half-year net loss by 10.7% to Sh168.61 million in the period ended June 30th. Revenues increased by 2.3% to Sh2.68bn in the six months. The firm said the first phase of the Nairobi Serena Hotel redevelopment will be handed over this month and expects it to impact positively on the results in the fourth quarter.
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Ericsson		#2 Posted : Tuesday, August 14, 2018 5:40:54 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		Serena Hotels has posted a loss of Sh168 million in the first half of 2018, a reduction of the Sh188 million it posted same period in 2017. Serena attributes the loss to lower than expected sales from the foreign leisure tourism arrivals in Kenya during the first quarter and the unexpected increase in energy and other operating costs. Going forward, the management is optimistic about the second half of 2018 due to direct flights by Kenya Airways from Nairobi to New York from October, resumption of Air France flights to Nairobi and granting of additional flight frequency of Ethiopian airlines to Mombasa from last month. “Based on the feedback received from our supplier of Business in traditional and new international source markets, there is increased interest in selling destination East Africa. Current forecasts indicate satisfactory outlook during the second half of 2018 for Serena Kenya, Serena Tanzania and Serena Uganda,” Management said. Sales went up marginally to Sh2.68 billion from Sh2.62 billion in 2017. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Pesa Nane		#3 Posted : Tuesday, August 14, 2018 5:54:46 PM
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c		Pesa Nane plans to be shilingi when he grows up.
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VituVingiSana		#4 Posted : Tuesday, August 14, 2018 8:50:22 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi		Rather disappointing. I understand that the Serena Nairobi is suffering but the hurt is real across the board. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Ericsson		#5 Posted : Tuesday, August 14, 2018 10:44:04 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		VituVingiSana wrote: Rather disappointing. I understand that the Serena Nairobi is suffering but the hurt is real across the board. Add also competition from new players like Radisson blue Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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obiero		#6 Posted : Wednesday, August 15, 2018 10:36:48 AM
Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi		Ericsson wrote: VituVingiSana wrote: Rather disappointing. I understand that the Serena Nairobi is suffering but the hurt is real across the board. Add also competition from new players like Radisson blue It appears on Yasserbigchair list of stocks to trade with caution KQ ABP 4.26
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Ericsson		#7 Posted : Wednesday, February 06, 2019 4:41:59 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		https://www.standardmedi...-of-its-expansion-drive Serena Hotel is gearing up for expansion into the populous Democratic Republic of Congo (DRC). According to Managing Director, Mr Mahmud Janmohamed in an interview with The Standard, they have identified a hotel in the mining town of Goma where they will be assuming management roles later in the month of July, 2019. ''We are expanding our footprint into DRC. It is a management contract,'' the MD said. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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sparkly		#8 Posted : Wednesday, February 06, 2019 5:40:28 PM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		Ericsson wrote: https://www.standardmedia.co.ke/business/article/2001312199/serena-hotels-to-enter-drc-market-later-in-july-as-part-of-its-expansion-drive Serena Hotel is gearing up for expansion into the populous Democratic Republic of Congo (DRC). According to Managing Director, Mr Mahmud Janmohamed in an interview with The Standard, they have identified a hotel in the mining town of Goma where they will be assuming management roles later in the month of July, 2019. ''We are expanding our footprint into DRC. It is a management contract,'' the MD said. Serena Kivu is just across the border in Rwanda. That area is very volatile but they should charge the mining companies premium rates to recover investment quickly. Life is short. Live passionately.
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VituVingiSana		#9 Posted : Wednesday, February 06, 2019 10:22:20 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi		sparkly wrote: Ericsson wrote: https://www.standardmedia.co.ke/business/article/2001312199/serena-hotels-to-enter-drc-market-later-in-july-as-part-of-its-expansion-drive Serena Hotel is gearing up for expansion into the populous Democratic Republic of Congo (DRC). According to Managing Director, Mr Mahmud Janmohamed in an interview with The Standard, they have identified a hotel in the mining town of Goma where they will be assuming management roles later in the month of July, 2019. ''We are expanding our footprint into DRC. It is a management contract,'' the MD said. Serena Kivu is just across the border in Rwanda. That area is very volatile but they should charge the mining companies premium rates to recover investment quickly. Management contract. Why would one stay in Goma when (safer) Gisenyi is just a few miles away? Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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sparkly		#10 Posted : Thursday, February 07, 2019 2:14:09 AM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		VituVingiSana wrote: sparkly wrote: Ericsson wrote: https://www.standardmedia.co.ke/business/article/2001312199/serena-hotels-to-enter-drc-market-later-in-july-as-part-of-its-expansion-drive Serena Hotel is gearing up for expansion into the populous Democratic Republic of Congo (DRC). According to Managing Director, Mr Mahmud Janmohamed in an interview with The Standard, they have identified a hotel in the mining town of Goma where they will be assuming management roles later in the month of July, 2019. ''We are expanding our footprint into DRC. It is a management contract,'' the MD said. Serena Kivu is just across the border in Rwanda. That area is very volatile but they should charge the mining companies premium rates to recover investment quickly. Management contract. Why would one stay in Goma when (safer) Gisenyi is just a few miles away? Friendly politics after the latest general elactions. To be enjoyed for a limited period Life is short. Live passionately.
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