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Ericsson		#141 Posted : Tuesday, April 07, 2020 12:18:49 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		obiero wrote: Ericsson wrote: watesh wrote: jgithige wrote: watesh wrote: Ericsson wrote: Serena Beach Hotel in Mombasa shut down Until a vaccine is developed I don't see tourism recovering in less than a year. Terrible even after a vaccine is discovered many foreigners especially from the west will be fearful and consider risky to visit Africa. Very true, very slow recovery in foreign tourists. Local tourists will be key in giving the sector a lifeline post virus similar to the time when alshabaab wrecked the industry. Local tourists it will be tough. Count the job losses and diminishing disposable income Taabu It will be difficult for Kenya's economy to recover from the wastage and stealing of public funds done by Jubilee in the first term Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ericsson		#142 Posted : Tuesday, April 07, 2020 12:22:20 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		obiero wrote: Ericsson wrote: watesh wrote: jgithige wrote: watesh wrote: [quote=Ericsson]Serena Beach Hotel in Mombasa shut down Until a vaccine is developed I don't see tourism recovering in less than a year. Terrible even after a vaccine is discovered many foreigners especially from the west will be fearful and consider risky to visit Africa. Very true, very slow recovery in foreign tourists. Local tourists will be key in giving the sector a lifeline post virus similar to the time when alshabaab wrecked the industry. Local tourists it will be tough. Count the job losses and diminishing disposable income Taabu [/quote Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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sparkly		#143 Posted : Tuesday, June 02, 2020 12:52:09 PM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		This one I have sold. I was hoping for a turnaround after completion of Nairobi Serena renovations. No chance of a turnaround in view of the Covid-19 closures. In addition, the USD 65 Million debts on balance sheet will weigh heavily on the survival chances of the company. Sad to let go after holding on for more than 5 years but I might re-enter if prospects improve. Life is short. Live passionately.
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VituVingiSana		#144 Posted : Tuesday, June 02, 2020 2:15:42 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi		sparkly wrote: This one I have sold. I was hoping for a turnaround after completion of Nairobi Serena renovations. No chance of a turnaround in view of the Covid-19 closures. In addition, the USD 65 Million debts on balance sheet will weigh heavily on the survival chances of the company. Sad to let go after holding on for more than 5 years but I might re-enter if prospects improve. Same. COVID has done a number on TPS. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Ebenyo		#145 Posted : Tuesday, June 02, 2020 3:45:58 PM
Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale		sparkly wrote: This one I have sold. I was hoping for a turnaround after completion of Nairobi Serena renovations. No chance of a turnaround in view of the Covid-19 closures. In addition, the USD 65 Million debts on balance sheet will weigh heavily on the survival chances of the company. Sad to let go after holding on for more than 5 years but I might re-enter if prospects improve. When you hold a stock for long you become attached to it.I also recently sold all my shares in carbacid after holding it for five years.Every year the dps was 0.70. I felt as if I have given away part of me! Towards the goal of financial freedom
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sparkly		#146 Posted : Thursday, June 04, 2020 9:22:56 PM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		Ebenyo wrote: sparkly wrote: This one I have sold. I was hoping for a turnaround after completion of Nairobi Serena renovations. No chance of a turnaround in view of the Covid-19 closures. In addition, the USD 65 Million debts on balance sheet will weigh heavily on the survival chances of the company. Sad to let go after holding on for more than 5 years but I might re-enter if prospects improve. When you hold a stock for long you become attached to it.I also recently sold all my shares in carbacid after holding it for five years.Every year the dps was 0.70. I felt as if I have given away part of me! It sure does but there is no need of holding on to a stock of a company whose going concern is not assured. Better to salvage whatever is salvageable. Life is short. Live passionately.
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VituVingiSana		#147 Posted : Friday, June 05, 2020 10:10:26 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi		https://www.businessdail...71158-q34jpi/index.html Saudi billionaire prince sells iconic Norfolk in Sh2.8bn deal TPSEA's market value is currently 2.4bn. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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obiero		#148 Posted : Friday, June 05, 2020 10:39:30 AM
Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi		VituVingiSana wrote: https://www.businessdailyafrica.com/corporate/companies/Saudi-billionaire-prince-sells-iconic-Norfolk/4003102-5571158-q34jpi/index.html Saudi billionaire prince sells iconic Norfolk in Sh2.8bn deal TPSEA's market value is currently 2.4bn. Way less KQ ABP 4.26
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Ericsson		#149 Posted : Friday, June 05, 2020 12:34:46 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		obiero wrote: VituVingiSana wrote: https://www.businessdailyafrica.com/corporate/companies/Saudi-billionaire-prince-sells-iconic-Norfolk/4003102-5571158-q34jpi/index.html Saudi billionaire prince sells iconic Norfolk in Sh2.8bn deal TPSEA's market value is currently 2.4bn. Way less TPSEA could have bid to buy the chain Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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VituVingiSana		#150 Posted : Friday, June 05, 2020 2:06:14 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi		Ericsson wrote: obiero wrote: VituVingiSana wrote: https://www.businessdailyafrica.com/corporate/companies/Saudi-billionaire-prince-sells-iconic-Norfolk/4003102-5571158-q34jpi/index.html Saudi billionaire prince sells iconic Norfolk in Sh2.8bn deal TPSEA's market value is currently 2.4bn. Way less TPSEA could have bid to buy the chain That would have been tough considering Norfolk + Mara Fairmont (Tents) = 2.8bn The jamaa who bought Norfolk should make a bid for TPS Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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