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...?

that is very attractive dividend yield..!! better than a lot of companies on the NSE..!!

BAT also pays out 100% of the EPS. Though to be fair, TPSEA is in a very different business vs BAT.

At last year's AGM they hinted to a rights issue to cover the planned Nairobi Serena expansion. Could they be trying to prop up the price in anticipation of this?

Retaining the earnings would have made more sense. Investors can see through share hiking strategy