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TPS East Africa full year 2018
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littledove
#1 Posted : Thursday, April 25, 2019 4:57:51 PM
Rank: Veteran

Joined: 7/1/2014
Posts: 927
Location: sky
turnover 6.59b
net profit 179m
final dividend 0.35
book closure 25th june 2019
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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  | | Edit by moderator: Friday, April 26, 2019 10:42 AM | Reason: title case
sparkly
#2 Posted : Thursday, April 25, 2019 6:15:51 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Wapi breakdown?
Life is short. Live passionately.
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Pesa Nane
#3 Posted : Thursday, April 25, 2019 11:40:55 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
sparkly wrote:
Wapi breakdown?



Pesa Nane plans to be shilingi when he grows up.
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VituVingiSana
#4 Posted : Friday, April 26, 2019 4:09:11 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
The results are not as strong as I would have liked but the improvements to Serena Nairobi are not complete. I expect better results for 2019 as more of Serena Nairobi becomes "usable" but the interest and depreciation on the improvements, will hit the results from 2019 onwards.

I will keep what I have but I need to wait and see. TPSEA needs to look at other locations within Nairobi and Mombasa/Coast to cater to different tastes.

Nairobi - Upper Hill, Karen, Westlands
Coast - CBD, Diani/Tiwi
Kisumu

A 3-star brand that offers business-friendly rates. It can use Serena's expertise. Or offer packages for MICE that allows the use of Serena's 5-star conference facilities with some staying at the 3-star residences.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#5 Posted : Friday, April 26, 2019 5:32:40 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
VituVingiSana wrote:
The results are not as strong as I would have liked but the improvements to Serena Nairobi are not complete. I expect better results for 2019 as more of Serena Nairobi becomes "usable" but the interest and depreciation on the improvements, will hit the results from 2019 onwards.

I will keep what I have but I need to wait and see. TPSEA needs to look at other locations within Nairobi and Mombasa/Coast to cater to different tastes.

Nairobi - Upper Hill, Karen, Westlands
Coast - CBD, Diani/Tiwi
Kisumu

A 3-star brand that offers business-friendly rates. It can use Serena's expertise. Or offer packages for MICE that allows the use of Serena's 5-star conference facilities with some staying at the 3-star residences.

I wish you knew how many new and better offerings have arrived in the Kenyan hospitality scene. Serena was a colonial establishment and they appear stuck in time despite the renovations

KQ ABP 4.26
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VituVingiSana
#6 Posted : Friday, April 26, 2019 7:32:59 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
The results are not as strong as I would have liked but the improvements to Serena Nairobi are not complete. I expect better results for 2019 as more of Serena Nairobi becomes "usable" but the interest and depreciation on the improvements, will hit the results from 2019 onwards.

I will keep what I have but I need to wait and see. TPSEA needs to look at other locations within Nairobi and Mombasa/Coast to cater to different tastes.

Nairobi - Upper Hill, Karen, Westlands
Coast - CBD, Diani/Tiwi
Kisumu

A 3-star brand that offers business-friendly rates. It can use Serena's expertise. Or offer packages for MICE that allows the use of Serena's 5-star conference facilities with some staying at the 3-star residences.

I wish you knew how many new and better offerings have arrived in the Kenyan hospitality scene. Serena was a colonial establishment and they appear stuck in time despite the renovations
I understand you are not knowledgable in the history of most, if not all, of the listed firms in Kenya. Perhaps you should stick to KQ but even then you keep missing the mark.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  | | Edit by user: Friday, April 26, 2019 8:29 AM | Reason: Not specified
xxxxx
#7 Posted : Friday, April 26, 2019 8:12:29 AM
Rank: Member

Joined: 3/20/2008
Posts: 503
VituVingiSana wrote:
The results are not as strong as I would have liked but the improvements to Serena Nairobi are not complete. I expect better results for 2019 as more of Serena Nairobi becomes "usable" but the interest and depreciation on the improvements, will hit the results from 2019 onwards.

I will keep what I have but I need to wait and see. TPSEA needs to look at other locations within Nairobi and Mombasa/Coast to cater to different tastes.

Nairobi - Upper Hill, Karen, Westlands
Coast - CBD, Diani/Tiwi
Kisumu

A 3-star brand that offers business-friendly rates. It can use Serena's expertise. Or offer packages for MICE that allows the use of Serena's 5-star conference facilities with some staying at the 3-star residences.


As the sage has said, "when a management with a reputation for brilliance tackles a business with a reputation for bad economics, it's the reputation of the business that remains intact". Tread carefully bro. A combination of debt and bad business economics is ultimately very destructive to shareholder wealth. Personally, I'm staying away from debt infested entities courtesy of armcement lessons.Shame on you
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VituVingiSana
#8 Posted : Friday, April 26, 2019 8:43:43 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
xxxxx wrote:
VituVingiSana wrote:
The results are not as strong as I would have liked but the improvements to Serena Nairobi are not complete. I expect better results for 2019 as more of Serena Nairobi becomes "usable" but the interest and depreciation on the improvements, will hit the results from 2019 onwards.

I will keep what I have but I need to wait and see. TPSEA needs to look at other locations within Nairobi and Mombasa/Coast to cater to different tastes.

Nairobi - Upper Hill, Karen, Westlands
Coast - CBD, Diani/Tiwi
Kisumu

A 3-star brand that offers business-friendly rates. It can use Serena's expertise. Or offer packages for MICE that allows the use of Serena's 5-star conference facilities with some staying at the 3-star residences.


As the sage has said, "when a management with a reputation for brilliance tackles a business with a reputation for bad economics, it's the reputation of the business that remains intact". Tread carefully bro. A combination of debt and bad business economics is ultimately very destructive to shareholder wealth. Personally, I'm staying away from debt infested entities courtesy of armcement lessons.Shame on you
The economics seem fine but I will wait until I get a chance to look at the Annual Report before I consider whether to buy more.
2018 had reduced capacity for both rooms and meeting space. Once the renovation is over (June 2019) revenue may increase if things remain steady politically and economically.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  | | Edit by user: Friday, April 26, 2019 8:44 AM | Reason: Not specified
Ericsson
#9 Posted : Friday, April 26, 2019 9:00:02 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
VituVingiSana wrote:
xxxxx wrote:
VituVingiSana wrote:
The results are not as strong as I would have liked but the improvements to Serena Nairobi are not complete. I expect better results for 2019 as more of Serena Nairobi becomes "usable" but the interest and depreciation on the improvements, will hit the results from 2019 onwards.

I will keep what I have but I need to wait and see. TPSEA needs to look at other locations within Nairobi and Mombasa/Coast to cater to different tastes.

Nairobi - Upper Hill, Karen, Westlands
Coast - CBD, Diani/Tiwi
Kisumu

A 3-star brand that offers business-friendly rates. It can use Serena's expertise. Or offer packages for MICE that allows the use of Serena's 5-star conference facilities with some staying at the 3-star residences.


As the sage has said, "when a management with a reputation for brilliance tackles a business with a reputation for bad economics, it's the reputation of the business that remains intact". Tread carefully bro. A combination of debt and bad business economics is ultimately very destructive to shareholder wealth. Personally, I'm staying away from debt infested entities courtesy of armcement lessons.Shame on you
The economics seem fine but I will wait until I get a chance to look at the Annual Report before I consider whether to buy more.
2018 had reduced capacity for both rooms and meeting space. Once the renovation is over (June 2019) revenue may increase if things remain steady politically and economically.


TPS woes are as a result of the poor performance of the economy
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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nairobby
#10 Posted : Friday, April 26, 2019 10:21:55 AM
Rank: Member

Joined: 1/18/2019
Posts: 185
Location: kenya
I think results are ok given Nairobi Serena is at 46% capacity but they do need to capitalise more on MICE. I would expect their years of experience to aid in this because the new entrants are really eating their cake
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