TPS is a very resilient company. It turns a profit and pays a dividend in spite of:
1. Capital intensive expansion and renovations at Nairobi Serena;
2. Acquisitions in the region;
3. Tourism downturn due to travel advisories;
4. Competition from new entrants.
This is a stock worth having in a portfolio at prices 20-30. Value will be unlocked in due course.
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