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TPS East Africa HY2018
Superprime1
#1 Posted : Tuesday, August 14, 2018 4:19:37 PM
Rank: Member


Joined: 5/2/2018
Posts: 140
Location: Kinungi
TPS East Africa, owner of the Serena hotels brand, cut its half-year net loss by 10.7% to Sh168.61 million in the period ended June 30th. Revenues increased by 2.3% to Sh2.68bn in the six months.

The firm said the first phase of the Nairobi Serena Hotel redevelopment will be handed over this month and expects it to impact positively on the results in the fourth quarter.
Ericsson
#2 Posted : Tuesday, August 14, 2018 5:40:54 PM
Rank: Elder


Joined: 12/4/2009
Posts: 6,049
Location: NAIROBI
Serena Hotels has posted a loss of Sh168 million in the first half of 2018, a reduction of the Sh188 million it posted same period in 2017. 
Serena attributes the loss to lower than expected sales from the foreign leisure tourism arrivals in Kenya during the first quarter and the unexpected increase in energy and other operating costs.

Going forward, the management is optimistic about the second half of 2018 due to direct flights by Kenya Airways from Nairobi to New York from October, resumption of  Air France flights to Nairobi and granting of additional flight frequency of Ethiopian airlines to Mombasa from last month.
“Based on the feedback received from our supplier of Business in traditional and new international source markets, there is increased interest in selling destination East Africa. Current forecasts indicate satisfactory outlook during the second half of 2018 for Serena Kenya, Serena Tanzania and Serena Uganda,” Management said.

Sales went up marginally to Sh2.68 billion from Sh2.62 billion in 2017.
Pesa Nane
#3 Posted : Tuesday, August 14, 2018 5:54:46 PM
Rank: Elder


Joined: 5/25/2012
Posts: 3,946
Location: 08c
Sad Sad


Pesa Nane plans to be shilingi when he grows up.
VituVingiSana
#4 Posted : Tuesday, August 14, 2018 8:50:22 PM
Rank: Chief


Joined: 1/3/2007
Posts: 15,148
Location: Nairobi
Rather disappointing. I understand that the Serena Nairobi is suffering but the hurt is real across the board.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#5 Posted : Tuesday, August 14, 2018 10:44:04 PM
Rank: Elder


Joined: 12/4/2009
Posts: 6,049
Location: NAIROBI
VituVingiSana wrote:
Rather disappointing. I understand that the Serena Nairobi is suffering but the hurt is real across the board.

Add also competition from new players like Radisson blue
obiero
#6 Posted : Wednesday, August 15, 2018 10:36:48 AM
Rank: Elder


Joined: 6/23/2009
Posts: 10,937
Location: nairobi
Ericsson wrote:
VituVingiSana wrote:
Rather disappointing. I understand that the Serena Nairobi is suffering but the hurt is real across the board.

Add also competition from new players like Radisson blue

It appears on Yasserbigchair list of stocks to trade with caution
DISCLAIMER: @obiero, MBA-MIS, CISA. Opinionated, owner of www.winda.co.ke. Aims to be factual
Ericsson
#7 Posted : Wednesday, February 06, 2019 4:41:59 PM
Rank: Elder


Joined: 12/4/2009
Posts: 6,049
Location: NAIROBI
https://www.standardmedi...-of-its-expansion-drive

Serena Hotel is gearing up for expansion into the populous Democratic Republic of Congo (DRC).

According to Managing Director, Mr Mahmud Janmohamed in an interview with The Standard, they have identified a hotel in the mining town of Goma where they will be assuming management roles later in the month of July, 2019.

''We are expanding our footprint into DRC. It is a management contract,'' the MD said.
sparkly
#8 Posted : Wednesday, February 06, 2019 5:40:28 PM
Rank: Elder


Joined: 9/23/2009
Posts: 6,622
Location: Enk are Nyirobi
Ericsson wrote:
https://www.standardmedia.co.ke/business/article/2001312199/serena-hotels-to-enter-drc-market-later-in-july-as-part-of-its-expansion-drive

Serena Hotel is gearing up for expansion into the populous Democratic Republic of Congo (DRC).

According to Managing Director, Mr Mahmud Janmohamed in an interview with The Standard, they have identified a hotel in the mining town of Goma where they will be assuming management roles later in the month of July, 2019.

''We are expanding our footprint into DRC. It is a management contract,'' the MD said.


Serena Kivu is just across the border in Rwanda. That area is very volatile but they should charge the mining companies premium rates to recover investment quickly.
Life is short. Live passionately.
VituVingiSana
#9 Posted : Wednesday, February 06, 2019 10:22:20 PM
Rank: Chief


Joined: 1/3/2007
Posts: 15,148
Location: Nairobi
sparkly wrote:
Ericsson wrote:
https://www.standardmedia.co.ke/business/article/2001312199/serena-hotels-to-enter-drc-market-later-in-july-as-part-of-its-expansion-drive

Serena Hotel is gearing up for expansion into the populous Democratic Republic of Congo (DRC).

According to Managing Director, Mr Mahmud Janmohamed in an interview with The Standard, they have identified a hotel in the mining town of Goma where they will be assuming management roles later in the month of July, 2019.

''We are expanding our footprint into DRC. It is a management contract,'' the MD said.


Serena Kivu is just across the border in Rwanda. That area is very volatile but they should charge the mining companies premium rates to recover investment quickly.
Management contract. Why would one stay in Goma when (safer) Gisenyi is just a few miles away?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
sparkly
#10 Posted : Thursday, February 07, 2019 2:14:09 AM
Rank: Elder


Joined: 9/23/2009
Posts: 6,622
Location: Enk are Nyirobi
VituVingiSana wrote:
sparkly wrote:
Ericsson wrote:
https://www.standardmedia.co.ke/business/article/2001312199/serena-hotels-to-enter-drc-market-later-in-july-as-part-of-its-expansion-drive

Serena Hotel is gearing up for expansion into the populous Democratic Republic of Congo (DRC).

According to Managing Director, Mr Mahmud Janmohamed in an interview with The Standard, they have identified a hotel in the mining town of Goma where they will be assuming management roles later in the month of July, 2019.

''We are expanding our footprint into DRC. It is a management contract,'' the MD said.


Serena Kivu is just across the border in Rwanda. That area is very volatile but they should charge the mining companies premium rates to recover investment quickly.
Management contract. Why would one stay in Goma when (safer) Gisenyi is just a few miles away?



Friendly politics after the latest general elactions. To be enjoyed for a limited period
Life is short. Live passionately.
VituVingiSana
#11 Posted : Thursday, February 07, 2019 4:32:03 AM
Rank: Chief


Joined: 1/3/2007
Posts: 15,148
Location: Nairobi
sparkly wrote:
VituVingiSana wrote:
sparkly wrote:
Ericsson wrote:
https://www.standardmedia.co.ke/business/article/2001312199/serena-hotels-to-enter-drc-market-later-in-july-as-part-of-its-expansion-drive

Serena Hotel is gearing up for expansion into the populous Democratic Republic of Congo (DRC).

According to Managing Director, Mr Mahmud Janmohamed in an interview with The Standard, they have identified a hotel in the mining town of Goma where they will be assuming management roles later in the month of July, 2019.

''We are expanding our footprint into DRC. It is a management contract,'' the MD said.


Serena Kivu is just across the border in Rwanda. That area is very volatile but they should charge the mining companies premium rates to recover investment quickly.
Management contract. Why would one stay in Goma when (safer) Gisenyi is just a few miles away?



Friendly politics after the latest general elactions. To be enjoyed for a limited period

A few months?
It's sad what's been happening in DRC/Zaire over the years/decades.
I wish the people of DRC well.
TPSEA is going to run the hotel which is better than owning assets in DRC.
KK bailed out of DRC after building a new storage facility. Too much drama.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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