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TP Serena EA Ltd HY17
Rank: New-farer Joined: 2/7/2016 Posts: 79 Location: Home
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VituVingiSana wrote:I like TPSEA [I have a few shares but not as part of my core portfolio] for the management chops. They have done well in a tough industry.
I was at Serena Nairobi and it is a construction site mess! They are refurbishing the hotel as well as building a new extension on the parking lot bordering Kenyatta Ave. New rooms, banquet facilities, etc are on the horizon. The refurbishment must have hit the bottomline was guests avoid construction zones.
Bottomline: The group is positioning itself for the next 5+ years... Until these developments translate to concrete results/profits, I would never touch this company.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Mkondoa Macho wrote:VituVingiSana wrote:I like TPSEA [I have a few shares but not as part of my core portfolio] for the management chops. They have done well in a tough industry.
I was at Serena Nairobi and it is a construction site mess! They are refurbishing the hotel as well as building a new extension on the parking lot bordering Kenyatta Ave. New rooms, banquet facilities, etc are on the horizon. The refurbishment must have hit the bottomline was guests avoid construction zones.
Bottomline: The group is positioning itself for the next 5+ years... Until these developments translate to concrete results/profits, I would never touch this company. TPS is ~15% of my portfolio. They have done well in light of the tough operating enviropment and ongoing refurbishments. When the developments translate to concrete profits, i will gladly sell to you at ~Kshs 60. For now i remain in accumulation mode. Life is short. Live passionately.
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Rank: Member Joined: 9/14/2011 Posts: 869 Location: nairobi
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sparkly wrote:Mkondoa Macho wrote:VituVingiSana wrote:I like TPSEA [I have a few shares but not as part of my core portfolio] for the management chops. They have done well in a tough industry.
I was at Serena Nairobi and it is a construction site mess! They are refurbishing the hotel as well as building a new extension on the parking lot bordering Kenyatta Ave. New rooms, banquet facilities, etc are on the horizon. The refurbishment must have hit the bottomline was guests avoid construction zones.
Bottomline: The group is positioning itself for the next 5+ years... Until these developments translate to concrete results/profits, I would never touch this company. TPS is ~15% of my portfolio. They have done well in light of the tough operating enviropment and ongoing refurbishments. When the developments translate to concrete profits, i will gladly sell to you at ~Kshs 60. For now i remain in accumulation mode. You don't think the expansion of bed space in Nairobi that continues to happen will create very stiff competition?
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Rank: Elder Joined: 6/23/2009 Posts: 14,220 Location: nairobi
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heri wrote:sparkly wrote:Mkondoa Macho wrote:VituVingiSana wrote:I like TPSEA [I have a few shares but not as part of my core portfolio] for the management chops. They have done well in a tough industry.
I was at Serena Nairobi and it is a construction site mess! They are refurbishing the hotel as well as building a new extension on the parking lot bordering Kenyatta Ave. New rooms, banquet facilities, etc are on the horizon. The refurbishment must have hit the bottomline was guests avoid construction zones.
Bottomline: The group is positioning itself for the next 5+ years... Until these developments translate to concrete results/profits, I would never touch this company. TPS is ~15% of my portfolio. They have done well in light of the tough operating enviropment and ongoing refurbishments. When the developments translate to concrete profits, i will gladly sell to you at ~Kshs 60. For now i remain in accumulation mode. You don't think the expansion of bed space in Nairobi that continues to happen will create very stiff competition? It's a walking corpse masquerading as a company. Not due to management but the two guys
KQ ABP 4.26
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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heri wrote:sparkly wrote:Mkondoa Macho wrote:VituVingiSana wrote:I like TPSEA [I have a few shares but not as part of my core portfolio] for the management chops. They have done well in a tough industry.
I was at Serena Nairobi and it is a construction site mess! They are refurbishing the hotel as well as building a new extension on the parking lot bordering Kenyatta Ave. New rooms, banquet facilities, etc are on the horizon. The refurbishment must have hit the bottomline was guests avoid construction zones.
Bottomline: The group is positioning itself for the next 5+ years... Until these developments translate to concrete results/profits, I would never touch this company. TPS is ~15% of my portfolio. They have done well in light of the tough operating enviropment and ongoing refurbishments. When the developments translate to concrete profits, i will gladly sell to you at ~Kshs 60. For now i remain in accumulation mode. You don't think the expansion of bed space in Nairobi that continues to happen will create very stiff competition? I don't bother with macro analysis. I look at the company and make my investment decision. A good company in a competitive industry is better than a bad company in a non-competitive industry. Life is short. Live passionately.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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I thought we had turned the corner after last year.H2 is where they make their profits so let's wait and see. Last 5 years have been really tough for this company, the next 5 should be better now that alshabaab almost fully contained. No ebola The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI
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Slow down in the economy and expenses incurred in the refurbishment of serena hotel nairobi are the cause. Hope for uptick in the economy to boost bed occupancy Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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The Number of beds around Nairobi is increasing very fast...refurbishments may not yield much...Its a case of refurbish or get left behind...in the early 2000's, Serena was the ultimate experience... now there are 3 or 4 better places in Nairobi...apart from security issues...East Africa is becoming an expensive tourist destination compared to Southern Africa due to the weak rand...its boom time for tour operators here Check out this article here http://www.capitalfm.co....g-better-hotels-nairobi/
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:heri wrote:sparkly wrote:Mkondoa Macho wrote:VituVingiSana wrote:I like TPSEA [I have a few shares but not as part of my core portfolio] for the management chops. They have done well in a tough industry.
I was at Serena Nairobi and it is a construction site mess! They are refurbishing the hotel as well as building a new extension on the parking lot bordering Kenyatta Ave. New rooms, banquet facilities, etc are on the horizon. The refurbishment must have hit the bottomline was guests avoid construction zones.
Bottomline: The group is positioning itself for the next 5+ years... Until these developments translate to concrete results/profits, I would never touch this company. TPS is ~15% of my portfolio. They have done well in light of the tough operating enviropment and ongoing refurbishments. When the developments translate to concrete profits, i will gladly sell to you at ~Kshs 60. For now i remain in accumulation mode. You don't think the expansion of bed space in Nairobi that continues to happen will create very stiff competition? It's a walking corpse masquerading as a company. Not due to management but the two guys Net Asset Per Share is ~KES 47 Quote:TPS Eastern Africa Limited is a holding company. The Company, through its subsidiaries, owns and operates hotel and lodge facilities in Eastern Africa, as well as serves the business and tourist markets. The Company operates through various segments, including Kenya Hotels, Kenya Lodges, Tanzania Lodges, Uganda Hotels and All other segments. The Company's subsidiaries consist of Tourism Promotion Services (Kenya) Limited, which includes Nairobi Serena Hotel, Amboseli Serena Safari Lodge, Mara Serena Safari Lodge and Kilaguni Serena Safari Lodge; Tourism Promotion Services (Zanzibar) Limited, which includes Zanzibar Serena Hotel; Tourism Promotion Services (Tanzania) Limited, which includes Kirawira Serena Camp, Lake Manyara Serena Safari Lodge, Serena Mivumo River Lodge and Selous Serena Camp, and TPS (Uganda) Limited, among others. The Company's other properties include Lake Victoria Serena Resort, Uganda and Polana Serena Hotel, Mozambique. Life is short. Live passionately.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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@Pesa nane please post the balance sheet. Will be intetesting to see the level of loans Life is short. Live passionately.
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