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TPS East Africa HY2018
VituVingiSana
#11 Posted : Thursday, February 07, 2019 4:32:03 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
sparkly wrote:
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

A few months?
It's sad what's been happening in DRC/Zaire over the years/decades.
I wish the people of DRC well.
TPSEA is going to run the hotel which is better than owning assets in DRC.
KK bailed out of DRC after building a new storage facility. Too much drama.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
sparkly
#12 Posted : Monday, March 18, 2019 7:50:50 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
VituVingiSana wrote:
sparkly wrote:
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

A few months?
It's sad what's been happening in DRC/Zaire over the years/decades.
I wish the people of DRC well.
TPSEA is going to run the hotel which is better than owning assets in DRC.
KK bailed out of DRC after building a new storage facility. Too much drama.


Clientele is UN personnel stationed around Goma. UN Mission has 20k personnel mostly stationed in Eastern DRC
Life is short. Live passionately.
sparkly
#13 Posted : Monday, March 18, 2019 7:52:22 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Good days await. Serena Nairobi renovations are almost complete.
Life is short. Live passionately.
VituVingiSana
#14 Posted : Monday, March 18, 2019 9:31:26 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
sparkly wrote:
Good days await. Serena Nairobi renovations are almost complete.
I have a few shares. I will pass by and have a look. When are FY results expected?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#15 Posted : Monday, March 18, 2019 10:12:11 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
VituVingiSana wrote:
sparkly wrote:
Good days await. Serena Nairobi renovations are almost complete.
I have a few shares. I will pass by and have a look. When are FY results expected?


Nunua lunch huko to promote your investment
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#16 Posted : Tuesday, March 19, 2019 12:11:00 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
sparkly wrote:
Good days await. Serena Nairobi renovations are almost complete.
I have a few shares. I will pass by and have a look. When are FY results expected?


Nunua lunch huko to promote your investment
Spending a few days at a Serena property later in the year.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
sparkly
#17 Posted : Tuesday, March 19, 2019 6:33:00 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Ericsson wrote:
VituVingiSana wrote:
sparkly wrote:
Good days await. Serena Nairobi renovations are almost complete.
I have a few shares. I will pass by and have a look. When are FY results expected?


Nunua lunch huko to promote your investment


I plan to pass by for a cup of tea by the end of the month. Investigate whether they will be ready for the peak season tbis year.
Life is short. Live passionately.
sparkly
#18 Posted : Thursday, March 28, 2019 11:08:38 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
sparkly wrote:
Ericsson wrote:
VituVingiSana wrote:
sparkly wrote:
Good days await. Serena Nairobi renovations are almost complete.
I have a few shares. I will pass by and have a look. When are FY results expected?


Nunua lunch huko to promote your investment


I plan to pass by for a cup of tea by the end of the month. Investigate whether they will be ready for the peak season this year.


Passed by TPS Nairobi, had some tea there. New wing and parking complete. They are now renovating the old rooms.

Baba really likes the place, he was hanging out there.
Life is short. Live passionately.
xxxxx
#19 Posted : Friday, March 29, 2019 6:06:03 AM
Rank: Member

Joined: 3/20/2008
Posts: 503
sparkly wrote:
sparkly wrote:
Ericsson wrote:
VituVingiSana wrote:
sparkly wrote:
Good days await. Serena Nairobi renovations are almost complete.
I have a few shares. I will pass by and have a look. When are FY results expected?


Nunua lunch huko to promote your investment


I plan to pass by for a cup of tea by the end of the month. Investigate whether they will be ready for the peak season this year.


Passed by TPS Nairobi, had some tea there. New wing and parking complete. They are now renovating the old rooms.

Baba really likes the place, he was hanging out there.


The question is whether shareholders will make money from investing in this one. I doubt they will...at least not value investors.
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