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Thoughts on TPS Serena
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Ericsson
#141 Posted : Tuesday, April 07, 2020 12:18:49 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
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
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Ericsson
#142 Posted : Tuesday, April 07, 2020 12:22:20 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
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
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sparkly
#143 Posted : Tuesday, June 02, 2020 12:52:09 PM
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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: 18,053
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
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Joined: 4/4/2016
Posts: 1,996
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: 18,053
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
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Joined: 6/23/2009
Posts: 13,475
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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

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Ericsson
#149 Posted : Friday, June 05, 2020 12:34:46 PM
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Joined: 12/4/2009
Posts: 10,639
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
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VituVingiSana
#150 Posted : Friday, June 05, 2020 2:06:14 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,053
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 smile
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#151 Posted : Wednesday, June 10, 2020 7:29:00 AM
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Joined: 1/3/2007
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https://www.businessdail...3612-5nspwbz/index.html Every little helps!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#152 Posted : Wednesday, June 10, 2020 7:37:04 AM
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Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
VituVingiSana wrote:
https://www.businessdailyafrica.com/markets/marketnews/TFC-extends-Sh634m-hotel-loans-by-2-years/3815534-5573612-5nspwbz/index.html Every little helps!


True.
Going forward the economy should be better managed and institutions like this allowed to grow to bigger and stronger institutions for a bigger effect.
Imagine if the institution was a ksh.70bn asset base with facilities to cushion the sector in the range of sh.30bn
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VituVingiSana
#153 Posted : Wednesday, June 10, 2020 8:34:30 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,053
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
https://www.businessdailyafrica.com/markets/marketnews/TFC-extends-Sh634m-hotel-loans-by-2-years/3815534-5573612-5nspwbz/index.html Every little helps!


True.
Going forward the economy should be better managed and institutions like this allowed to grow to bigger and stronger institutions for a bigger effect.
Imagine if the institution was a ksh.70bn asset base with facilities to cushion the sector in the range of sh.30bn


I do not think there should be taxpayer funds like these as much as facilitation with lenders. Hotels/businesses need to save up money during the good years for use during the lean years.

Many Kenyan businesses(wo/men) stretch themselves too thin with rapid expansion funded by debt or not enough cash on hand.

ARM comes to mind. Then there is Nakumatt. And many others.

I have become conservative with age. If you look at my investments, they are mostly (not all nor completely) cash positive. I am willing to accept a lower return for stability.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#154 Posted : Wednesday, June 10, 2020 9:05:02 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
https://www.businessdailyafrica.com/markets/marketnews/TFC-extends-Sh634m-hotel-loans-by-2-years/3815534-5573612-5nspwbz/index.html Every little helps!


True.
Going forward the economy should be better managed and institutions like this allowed to grow to bigger and stronger institutions for a bigger effect.
Imagine if the institution was a ksh.70bn asset base with facilities to cushion the sector in the range of sh.30bn


I do not think there should be taxpayer funds like these as much as facilitation with lenders. Hotels/businesses need to save up money during the good years for use during the lean years.

Many Kenyan businesses(wo/men) stretch themselves too thin with rapid expansion funded by debt or not enough cash on hand.

ARM comes to mind. Then there is Nakumatt. And many others.

I have become conservative with age. If you look at my investments, they are mostly (not all nor completely) cash positive. I am willing to accept a lower return for stability.

True
It may not be necessarily taxpayers funds but the hotels could team up,establish a fund where they regularly contribute.
So that during tough times it can be handy
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#155 Posted : Friday, July 24, 2020 9:36:55 AM
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Joined: 12/4/2009
Posts: 10,639
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Profit warning issued
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sparkly
#156 Posted : Friday, July 24, 2020 12:03:05 PM
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Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Ericsson wrote:
Profit warning issued


The next 5 years will be challenging for TPSEA. This is not a good time to be over leveraged.
Life is short. Live passionately.
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obiero
#157 Posted : Friday, July 24, 2020 2:14:42 PM
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Joined: 6/23/2009
Posts: 13,475
Location: nairobi
sparkly wrote:
Ericsson wrote:
Profit warning issued


The next 5 years will be challenging for TPSEA. This is not a good time to be over leveraged.

True. In the middle of their expansion. Bad luck!

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Ericsson
#158 Posted : Friday, July 24, 2020 9:26:28 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
obiero wrote:
sparkly wrote:
Ericsson wrote:
Profit warning issued


The next 5 years will be challenging for TPSEA. This is not a good time to be over leveraged.

True. In the middle of their expansion. Bad luck!


Half year results are out.
Net loss of sh.640.9 million.
Revenue fell to sh.1.1 billion from 2.7 billion at the end of first half 2019
Wealth is built through a relatively simple equation
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obiero
#159 Posted : Friday, July 24, 2020 9:43:11 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,475
Location: nairobi
Ericsson wrote:
obiero wrote:
sparkly wrote:
Ericsson wrote:
Profit warning issued


The next 5 years will be challenging for TPSEA. This is not a good time to be over leveraged.

True. In the middle of their expansion. Bad luck!


Half year results are out.
Net loss of sh.640.9 million.
Revenue fell to sh.1.1 billion from 2.7 billion at the end of first half 2019

@vvs you remain in my prayers

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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VituVingiSana
#160 Posted : Friday, July 24, 2020 10:21:52 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,053
Location: Nairobi
obiero wrote:
Ericsson wrote:
obiero wrote:
sparkly wrote:
Ericsson wrote:
Profit warning issued


The next 5 years will be challenging for TPSEA. This is not a good time to be over leveraged.

True. In the middle of their expansion. Bad luck!


Half year results are out.
Net loss of sh.640.9 million.
Revenue fell to sh.1.1 billion from 2.7 billion at the end of first half 2019

@vvs you remain in my prayers
Laughing out loudly Laughing out loudly Laughing out loudly Thank you for being concerned about 0.3% of my portfolio.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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