TPS SERENA records 40% drop in eps year over year to 1.35
maintains dividend at 1.35

interesting move to maintain dividend, a show of strength/ reward to the shareholders?

af.reuters.com/article/investingNews/idAFKBN0NJ1V120150428

Turnover down 7%, cratered profits by 40% and maintains same DPS!

2015 more turnover will be crimped and if the dip is above 10% then it won't be about profit dip, but loss instead. I still don't think issuing a dividend was a good idea. They might need that money if the 2015 forecast happens or even worse. H1 results will offer a glimpse of how 2015 is cooking.

DPS will stem the expected price slide, but H1 results will have more influence on the market.

2015 many a biz will struggle to outperform mr market's expectations. At some point bulls will throw in the towel. Should $KES become too volatile, CBR hike may strike back effectively smashing the market bulls as mr market turns defensive.

Agreed @hisah @Aguytrying

As was the case before, TPSEA results usually shallow in breakdown of costs. They would explain better how the 7% decline in turnover results in a 37% decline in EBITDA.

Shallow Link http://ge.tt/3Oj7dQF2/v/1?c

Not opening any other...?