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Thoughts on TPS Serena
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obiero
#161 Posted : Saturday, July 25, 2020 5:44:18 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,516
Location: nairobi
VituVingiSana wrote:
obiero wrote:
Ericsson wrote:
obiero wrote:
sparkly wrote:
Ericsson wrote:
Profit warning issued


The next 5 years will be challenging for TPSEA. This is not a good time to be over leveraged.

True. In the middle of their expansion. Bad luck!


Half year results are out.
Net loss of sh.640.9 million.
Revenue fell to sh.1.1 billion from 2.7 billion at the end of first half 2019

@vvs you remain in my prayers
Laughing out loudly Laughing out loudly Laughing out loudly Thank you for being concerned about 0.3% of my portfolio.

Karibu saaaana mzee wetu

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Ericsson
#162 Posted : Wednesday, May 26, 2021 9:04:58 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Ericsson wrote:
obiero wrote:
sparkly wrote:
Ericsson wrote:
Profit warning issued


The next 5 years will be challenging for TPSEA. This is not a good time to be over leveraged.

True. In the middle of their expansion. Bad luck!


Half year results are out.
Net loss of sh.640.9 million.
Revenue fell to sh.1.1 billion from 2.7 billion at the end of first half 2019


FY2020 loss KES.1.2bn
Biggest loss in the firm's history
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#163 Posted : Thursday, May 27, 2021 12:21:53 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,516
Location: nairobi
Ericsson wrote:
Ericsson wrote:
obiero wrote:
sparkly wrote:
Ericsson wrote:
Profit warning issued


The next 5 years will be challenging for TPSEA. This is not a good time to be over leveraged.

True. In the middle of their expansion. Bad luck!


Half year results are out.
Net loss of sh.640.9 million.
Revenue fell to sh.1.1 billion from 2.7 billion at the end of first half 2019


FY2020 loss KES.1.2bn
Biggest loss in the firm's history

Sucker punch by C19

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Ericsson
#164 Posted : Thursday, May 27, 2021 5:37:54 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
obiero wrote:
Ericsson wrote:
Ericsson wrote:
obiero wrote:
sparkly wrote:
Ericsson wrote:
Profit warning issued


The next 5 years will be challenging for TPSEA. This is not a good time to be over leveraged.

True. In the middle of their expansion. Bad luck!


Half year results are out.
Net loss of sh.640.9 million.
Revenue fell to sh.1.1 billion from 2.7 billion at the end of first half 2019


FY2020 loss KES.1.2bn
Biggest loss in the firm's history

Sucker punch by C19


Loss before tax was kes.1.658bn
Revenue dropped from ksh.6.8bn in 2019 to 2bn in 2020
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#165 Posted : Wednesday, June 30, 2021 10:41:35 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Shareholders approved a rights issue during AGM held on 28 June

https://tradingroom.co.k...a-set-for-rights-issue/

Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#166 Posted : Wednesday, June 30, 2021 9:04:04 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
Ericsson wrote:
Shareholders approved a rights issue during AGM held on 28 June

https://tradingroom.co.k...a-set-for-rights-issue/

I feel for TPSEA... They have been hit by one disaster after another. From PEV 2008 to election drama every 5 years to government fiscal mismanagement to COVID19.

I wonder how many hotels will make it out of the current mess. If TPSEA manages to find sufficient capital or cheap long-term debt there are lots of acquisitions that can be made where it does not have a presence.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#167 Posted : Wednesday, June 30, 2021 10:21:28 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
Shareholders approved a rights issue during AGM held on 28 June

https://tradingroom.co.k...a-set-for-rights-issue/

I feel for TPSEA... They have been hit by one disaster after another. From PEV 2008 to election drama every 5 years to government fiscal mismanagement to COVID19.

I wonder how many hotels will make it out of the current mess. If TPSEA manages to find sufficient capital or cheap long-term debt there are lots of acquisitions that can be made where it does not have a presence.



Proceeds from the rights issue will most likely be used to retire the outstanding debt and easen the burden.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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sparkly
#168 Posted : Thursday, July 01, 2021 4:35:10 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
VituVingiSana wrote:
Ericsson wrote:
Shareholders approved a rights issue during AGM held on 28 June

https://tradingroom.co.k...a-set-for-rights-issue/

I feel for TPSEA... They have been hit by one disaster after another. From PEV 2008 to election drama every 5 years to government fiscal mismanagement to COVID19.

I wonder how many hotels will make it out of the current mess. If TPSEA manages to find sufficient capital or cheap long-term debt there are lots of acquisitions that can be made where it does not have a presence.


@VVS are you still in this tour van?
Life is short. Live passionately.
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VituVingiSana
#169 Posted : Thursday, July 01, 2021 6:08:34 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
sparkly wrote:
VituVingiSana wrote:
Ericsson wrote:
Shareholders approved a rights issue during AGM held on 28 June

https://tradingroom.co.k...a-set-for-rights-issue/

I feel for TPSEA... They have been hit by one disaster after another. From PEV 2008 to election drama every 5 years to government fiscal mismanagement to COVID19.

I wonder how many hotels will make it out of the current mess. If TPSEA manages to find sufficient capital or cheap long-term debt there are lots of acquisitions that can be made where it does not have a presence.


@VVS are you still in this tour van?
I sold some into demand earlier(17-18) but have a few left.

I like the management, brand and CEO but vitu kwa ground ni different. They are suffering and you could see that on the CEO's face during the AGM.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sparkly
#170 Posted : Thursday, July 01, 2021 9:40:12 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
VituVingiSana wrote:
sparkly wrote:
VituVingiSana wrote:
Ericsson wrote:
Shareholders approved a rights issue during AGM held on 28 June

https://tradingroom.co.k...a-set-for-rights-issue/

I feel for TPSEA... They have been hit by one disaster after another. From PEV 2008 to election drama every 5 years to government fiscal mismanagement to COVID19.

I wonder how many hotels will make it out of the current mess. If TPSEA manages to find sufficient capital or cheap long-term debt there are lots of acquisitions that can be made where it does not have a presence.


@VVS are you still in this tour van?
I sold some into demand earlier(17-18) but have a few left.

I like the management, brand and CEO but vitu kwa ground ni different. They are suffering and you could see that on the CEO's face during the AGM.


All the best to you comrade. I exited last year in view of the Covid situation and over-leveraged balance sheet.
Life is short. Live passionately.
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Ericsson
#171 Posted : Friday, July 02, 2021 8:32:58 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
VituVingiSana wrote:
sparkly wrote:
VituVingiSana wrote:
Ericsson wrote:
Shareholders approved a rights issue during AGM held on 28 June

https://tradingroom.co.k...a-set-for-rights-issue/

I feel for TPSEA... They have been hit by one disaster after another. From PEV 2008 to election drama every 5 years to government fiscal mismanagement to COVID19.

I wonder how many hotels will make it out of the current mess. If TPSEA manages to find sufficient capital or cheap long-term debt there are lots of acquisitions that can be made where it does not have a presence.


@VVS are you still in this tour van?
I sold some into demand earlier(17-18) but have a few left.

I like the management, brand and CEO but vitu kwa ground ni different. They are suffering and you could see that on the CEO's face during the AGM.


You attend AGMs for all the companies you have shares in.
Good job Applause Applause
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#172 Posted : Wednesday, June 08, 2022 1:37:36 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
The Aga Khan Fund for Economic Development is set to raise its stake in Serena Hotels (TPS Eastern Africa) to 64.36% through the acquisition of new shares in the business via a debt to equity conversion.
The fund nevertheless does not intend to acquire minority shareholders after the transaction and has applied to the Capital Markets Authority (CMA) to be exempted from takeover regulations.
The Fund believes that the conversion is key in ensuring long-term sustainability and growth of the hotel chain going forward
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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