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TPS Serena records 40% drop in FY 2014 EPS
Rank: Veteran Joined: 1/25/2012 Posts: 1,624 Location: Langley
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If they make a loss they will still pay dividends ala Limuru tea. And whats the logic behind not giving a breakdown of revenue contribution by country?? If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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S.Mutaga III wrote:This is bad...really bad. Never buy a company posting declining earnings from its core business. NEVER We would never have opportunities for value if people did not buy and sell such companies. Life is short. Live passionately.
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Rank: Member Joined: 1/4/2015 Posts: 153
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MaichBlack wrote:ayushnehra wrote:that is very attractive dividend yield..!! better than a lot of companies on the NSE..!! DPS - 1.35/= EPS - 1.35/= You should be very worried!!! I get your point but honestly I would be worried If i were investing to stay with them..I'm not here to start a relationship...only for the money..I'll wait for a drop before the books closes..buy and get out after..!! As investors we should make money and be brutal about it..if a company is not doing well toka...lakini where a few bucks can be made..no wasting time..!! Dreams are not the thing you see in your sleep..it's the thing that doesn't let you sleep. - A.P.J. Abdul Kalam
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Rank: Elder Joined: 7/22/2008 Posts: 2,703
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I would differ with the others on this. I think this shows the strength in their cash flow management. Look at that Profit and Loss statement and realize that they have already deducted a depreciation expense of over 400 million before they get to their net earnings per share of Ksh. 1.35. The fact that they feel they have good enough cash reserves to pay dividend is a good thing.
I like businesses that manage cash well and the Aga Khan companies are masters of the craft.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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What will people say about crown berger then... Profits down 90% y/y. issued a dividend of 1.75 from RESERVES plus a 2:1 bonus. Don't Tps look like saints compared?? The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: New-farer Joined: 8/23/2013 Posts: 34
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Mastermind wrote:If they make a loss they will still pay dividends ala Limuru tea. And whats the logic behind not giving a breakdown of revenue contribution by country?? I have been wondering the same thing. If Kenya properties are not doing well, growth in Tz, Ug, Rw and other country properties could offset in future, so this could be a good time to load up if you are willing to risk. But we need to know the growth rate, if there is growth that is. Or is there some way to deduce these figures?
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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Aguytrying wrote:What will people say about crown berger then...
Profits down 90% y/y. issued a dividend of 1.75 from RESERVES plus a 2:1 bonus.
Don't Tps look like saints compared?? PPT on overdrive
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Rank: Chief Joined: 1/3/2007 Posts: 18,134 Location: Nairobi
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MaichBlack wrote:VituVingiSana wrote:MaichBlack wrote:ayushnehra wrote:that is very attractive dividend yield..!! better than a lot of companies on the NSE..!! DPS - 1.35/= EPS - 1.35/= You should be very worried!!! BAT also pays out 100% of the EPS. Though to be fair, TPSEA is in a very different business vs BAT. BAT have NOTHING to do with money. It is a fully mature company with no immediate capital expenditures. TPS NEEDS money. This decision was made for a singular reason. Shore up the share price! Yes, that was my point re: BAT Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,134 Location: Nairobi
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Gordon Gekko wrote:Aguytrying wrote:VituVingiSana wrote:MaichBlack wrote:ayushnehra wrote:that is very attractive dividend yield..!! better than a lot of companies on the NSE..!! DPS - 1.35/= EPS - 1.35/= You should be very worried!!! BAT also pays out 100% of the EPS. Though to be fair, TPSEA is in a very different business vs BAT. They can only do this if they have some confidence going forward... like total did, when they paid a dividend of 0.20 after making a loss, 2 yrs ago. 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? Nairobi Serena needs a lot of work. A Rights Issue is not a bad idea at this time. If Serena can start construction in 2015 while business is slow then they can get ready for additional business by 2018. BTW, TPS has a unique opportunity to buy out other properties (especially Masai Mara, Amboseli and Coast) cheap as the hotels collapse due to the slow tourism numbers. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,134 Location: Nairobi
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Nairobi Serena needs a lot of work. A Rights Issue is not a bad idea at this time. If Serena can start construction in 2015 while business is slow then they can get ready for additional business by 2018. TPS has a unique opportunity to buy out other properties (especially Masai Mara, Amboseli and Coast) cheap as the hotels collapse due to the slow tourism market. I like Aga Khan firms. They have management depth with many CEOs, CFOs or directors who are often adherents of the Aga Khan thus there's more to it than just being employees. I value good management. That said, the best managers cannot save a firm in a dying sector. Therefore, I ask... is Tourism dying in Kenya? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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I recall once taking my family on holiday to the South Coast and we stayed at one of the three Matiba hotels. I recall we would walk along the beach to any one of the three, which were all running at near full capacity. It was quite humbling the other day seeing a newspaper photo of a derelict Jadini Beach Hotel. Tourism is dead at the coast.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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VituVingiSana wrote:Nairobi Serena needs a lot of work. A Rights Issue is not a bad idea at this time. If Serena can start construction in 2015 while business is slow then they can get ready for additional business by 2018.
TPS has a unique opportunity to buy out other properties (especially Masai Mara, Amboseli and Coast) cheap as the hotels collapse due to the slow tourism market.
I like Aga Khan firms. They have management depth with many CEOs, CFOs or directors who are often adherents of the Aga Khan thus there's more to it than just being employees. I value good management.
That said, the best managers cannot save a firm in a dying sector. Therefore, I ask... is Tourism dying in Kenya? GOK and KDF should be able to answer that question.. Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Gordon Gekko wrote:I recall once taking my family on holiday to the South Coast and we stayed at one of the three Matiba hotels. I recall we would walk along the beach to any one of the three, which were all running at near full capacity. It was quite humbling the other day seeing a newspaper photo of a derelict Jadini Beach Hotel. Tourism is dead at the coast. Death of tourism at the Coast has been long time coming... Failure to develop infrastructure, social economic inequality, religious intolerance, radicalization of the youth and finally DEVOLUTION which has given legitimacy to the secessionists. Tourism developers should now target Rift Valley/ Mount Kenya circuit with bush tourism/ safaris/ golf and conference tourism. Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,134 Location: Nairobi
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sparkly wrote:Gordon Gekko wrote:I recall once taking my family on holiday to the South Coast and we stayed at one of the three Matiba hotels. I recall we would walk along the beach to any one of the three, which were all running at near full capacity. It was quite humbling the other day seeing a newspaper photo of a derelict Jadini Beach Hotel. Tourism is dead at the coast. Death of tourism at the Coast has been long time coming... Failure to develop infrastructure, social economic inequality, religious intolerance, radicalization of the youth and finally DEVOLUTION which has given legitimacy to the secessionists. Tourism developers should now target Rift Valley/ Mount Kenya circuit with bush tourism/ safaris/ golf and conference tourism. That is already happening but many European tourists want the beach too. Sleeping in the sun makes a huge difference to them and the key reason they escape the winter. It's great to go to the parks but that is not an annual ritual for most Europeans who visit Kenya. I have always wondered why we do not have health farms with numerous activities that health conscious tourists would find enjoyable. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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Tourism in KE has really taken a beating. On labour day (Friday) at the Amboseli,from my little farm before the KWS gate,only 1 van could be seen approaching the park over lunch hour. A few years back,at this time ,it would be a procession  @SufficientlyP
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Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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Quote:The marketing budget for the troubled tourism sector has been increased six-fold to Sh7.1 billion as Kenya prepares to battle the effects of travel alerts that have crippled the sector.This will be an increase from the Sh1.1 billion for year ending June and comes after earnings fell 7.3 per cent last year, weakened by a decline in arrivals following a spate of terror attacks on key towns that serve as holiday getaways.
The increase will help launch a marketing offensive in Western capitals in an effort to woo tourists back to the palm-fringed beaches and sprawling game parks. http://www.businessdaily...2/-/p6i9yp/-/index.html
Finally some light at the end of the tunnel {|= {|=
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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mkonomtupu wrote:Quote:The marketing budget for the troubled tourism sector has been increased six-fold to Sh7.1 billion as Kenya prepares to battle the effects of travel alerts that have crippled the sector.This will be an increase from the Sh1.1 billion for year ending June and comes after earnings fell 7.3 per cent last year, weakened by a decline in arrivals following a spate of terror attacks on key towns that serve as holiday getaways.
The increase will help launch a marketing offensive in Western capitals in an effort to woo tourists back to the palm-fringed beaches and sprawling game parks. http://www.businessdaily...2/-/p6i9yp/-/index.html
Finally some light at the end of the tunnel {|= {|= At least it has caught the attention of Gov. Let's hope the cash goes into the right usage The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 6/23/2009 Posts: 13,568 Location: nairobi
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the tourists will not be seen here soon unless the government gets serious on protection of life and property, its core mandate!!!
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 3/19/2010 Posts: 3,504 Location: Uganda
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Aguytrying wrote:mkonomtupu wrote:Quote:The marketing budget for the troubled tourism sector has been increased six-fold to Sh7.1 billion as Kenya prepares to battle the effects of travel alerts that have crippled the sector.This will be an increase from the Sh1.1 billion for year ending June and comes after earnings fell 7.3 per cent last year, weakened by a decline in arrivals following a spate of terror attacks on key towns that serve as holiday getaways.
The increase will help launch a marketing offensive in Western capitals in an effort to woo tourists back to the palm-fringed beaches and sprawling game parks. http://www.businessdaily...2/-/p6i9yp/-/index.html
Finally some light at the end of the tunnel {|= {|= At least it has caught the attention of Gov. Let's hope the cash goes into the right usage a certain singh could be watching that figure keenly punda amecheka
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Rank: Elder Joined: 3/19/2010 Posts: 3,504 Location: Uganda
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Aguytrying wrote:mkonomtupu wrote:Quote:The marketing budget for the troubled tourism sector has been increased six-fold to Sh7.1 billion as Kenya prepares to battle the effects of travel alerts that have crippled the sector.This will be an increase from the Sh1.1 billion for year ending June and comes after earnings fell 7.3 per cent last year, weakened by a decline in arrivals following a spate of terror attacks on key towns that serve as holiday getaways.
The increase will help launch a marketing offensive in Western capitals in an effort to woo tourists back to the palm-fringed beaches and sprawling game parks. http://www.businessdaily...2/-/p6i9yp/-/index.html
Finally some light at the end of the tunnel {|= {|= At least it has caught the attention of Gov. Let's hope the cash goes into the right usage a certain singh could be watching that figure keenly punda amecheka
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