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obiero		#161 Posted : Saturday, July 25, 2020 5:44:18 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,211 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 Thank you for being concerned about 0.3% of my portfolio. Karibu saaaana mzee wetu KQ ABP 4.26
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Ericsson		#162 Posted : Wednesday, May 26, 2021 9:04:58 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 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: 14,211 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 KQ ABP 4.26
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Ericsson		#164 Posted : Thursday, May 27, 2021 5:37:54 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 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: 10,804 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: 18,346 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: 10,804 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: 18,346 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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