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TPSEA has made its shareholders proud.
BGL
#1 Posted : Monday, March 29, 2010 3:10:04 PM
Rank: Veteran


Joined: 10/11/2009
Posts: 1,207
After a year marked with improved performance in the tourism sector...some goodies for the shareholders
i) Dividend of Ksh 1.25
ii) 1 bonus share for 6 shares held
iii) 1 right for 5 shares held
iv) Acquisition of TPS-Uganda, iii & iv are subject to shareholders approval

We need to cherish the people and stability of this country.
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
Gordon Gekko
#2 Posted : Monday, March 29, 2010 3:36:21 PM
Rank: Elder


Joined: 5/27/2008
Posts: 3,760
Great job. The rights issue is a brilliant idea, but a lot of firms usually find borrowing easier. Wonder what they will issue the rights for? Predict ksh 30 - 36
BGL
#3 Posted : Monday, March 29, 2010 4:03:26 PM
Rank: Veteran


Joined: 10/11/2009
Posts: 1,207
TPSea was to issue some corporate bonds to fund the construction of a new 20-unit luxury camp at Lake Elementaita plus investments in other existing properties.
Raising money at the NSE is much better option when you take into consideration the bullish market we are experiencing right now. The directors may have thought its much better to do a rights issue than go for a debt, plus it also makes the shareholders happy when coupled with a bonus.
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This info is adapted from the weekly reports send out by Tsavo Securities to its clients.
--------------------------------
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
VituVingiSana
#4 Posted : Tuesday, March 30, 2010 2:19:57 AM
Rank: Chief


Joined: 1/3/2007
Posts: 16,288
Location: Nairobi
Rights might fund the purchase of TPS Uganda... The Kampala Serena is a beautiful hotel...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
guru267
#5 Posted : Tuesday, March 30, 2010 6:19:12 AM
Rank: Elder


Joined: 1/21/2010
Posts: 6,664
Location: Nairobi
@VVS you are right about the serena in uganda but i hear they are also going to do a major overhaul to the nairobi serana...

i've tried once to get into this stock but my order sat for a month with no offers... i now regret not waiting two months Sad
Mark 12:29
Deuteronomy 4:16
SUSU
#6 Posted : Tuesday, March 30, 2010 11:41:19 AM
Rank: Member


Joined: 11/14/2006
Posts: 64
Location: Far East
guru267 wacha ku regret saaana .. nobody knew that this was comming ....was sitting with these shares for more than a year now ... it's always like that.. some will be in the bus .. some will miss it ...it's not a must that u have to ride @ and every bus..
sometime I agree with Mrs.Lina Jebi (assistant minister in the ministry of cooperaties)who was once quoted as saying "...look for other areas to invest do not put all the money in the stock mrkt as this has more to do with luck ..."
Gordon Gekko
#7 Posted : Thursday, April 01, 2010 2:14:17 PM
Rank: Elder


Joined: 5/27/2008
Posts: 3,760
Anybody with the books closure and payment dates for TPS? I cant find them anywhere, not even in the accounts on the CMA website.
wote
#8 Posted : Thursday, April 01, 2010 2:19:38 PM
Rank: Member


Joined: 10/18/2007
Posts: 217
When i read about those result, i couldn't help smilling to myself.
guru267
#9 Posted : Thursday, April 01, 2010 2:23:26 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,664
Location: Nairobi
@GG its very surprising that you would ask that... they are right under your nose.. find your info here

http://wazua.co.ke/investor/corporateevents.aspx
Mark 12:29
Deuteronomy 4:16
Gordon Gekko
#10 Posted : Thursday, April 01, 2010 3:30:27 PM
Rank: Elder


Joined: 5/27/2008
Posts: 3,760
@guru267, many thanks madam and please forgive me. I have not digested the fact that wazua has other things besides the blogs!!!
obiero
#11 Posted : Friday, August 16, 2019 11:22:25 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,179
Location: nairobi
KES 18.95 per share as per NSE website
COOP 5,500; KCB 7,500; KNRE 100,000; KQ 221,100
Ericsson
#12 Posted : Saturday, August 17, 2019 12:28:48 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,227
Location: NAIROBI
obiero wrote:
KES 18.95 per share as per NSE website


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