From their 2011 annual report they will be increasing the authorised capital from 192million to 200million. Are they thinking of doing a rights issue or giving a bonus issue or even looking for a strategic investor to be paid by shares?
IMHO if there is a company that requires a strategic investor it should be this one. However, being the flagship brands of Aga khan we may never see it happen but they is alot to gain if they do a KK or adopt the Scangroup strategy of being part of the winning team.
By the way, TPSEA is one of the the worst performers at the NSE this year having lost 22%. To add insult to injury the travel advisories and Al shabaab/Somalia issues do not want to go away.
The AGM will be held this tuesday 29.05.2012 but i will not be attending.
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison