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TPS Eastern Africa Ltd (NSE: TPSE)

Nigel Firth
Nigel Frith trader
Updated 5 May 2022

What is TPS Eastern Africa Ltd

TPS Eastern Africa Ltd is a Kenya-based company that serves the business and tourist markets through owning and operating hotel and lodge facilities in Eastern Africa.

The history of TPS Eastern Africa Ltd goes back many years and it was first listed in January 1997.

Today, TPS Eastern Africa Ltd has a diversified portfolio of products in the tourism value chain with segments operating as Kenya Hotels, Kenya Lodges and Tanzania Lodges.

TPS Eastern Africa Ltd, along with its subsidiaries, owns and operates approximately 35 resorts, as well as an exclusive selection of safari lodges and safari camps, hotels, palaces and forts located in strategic areas in the Eastern African countries of Kenya, Rwanda, Tanzania, Uganda and Mozambique, and Southern Asian countries of Pakistan, Afghanistan and Tajikistan.

TPS Eastern Africa Ltd has its headquarters in Nairobi, Kenya.

The Company operates through the following subsidiaries: Tourism Promotion Services (Kenya) Limited, Tourism Promotion Services (Tanzania) Limited & Tourism Promotion Services (Zanzibar) Limited.

Subsidiary companies TPS (Kenya) Limited owns Nairobi Serena Hotel, Amboseli Serena Safari Lodge, Mara Serena Safari Lodge and Kilaguni Serena Lodge. TPS (Zanzibar) Limited owns Zanzibar Serena Hotel, TPS (Tanzania) Limited owns Kirawira Serena Camp, Lake Manyara Serena Safari Lodge, Serena Mivumo River Lodge and Selous Serena Camp. Other properties owned and managed by TPS Eastern Africa Ltd include Lake Victoria Serena Resort in Uganda and Polana Serena Hotel in Mozambique.

TPS Eastern Africa Ltd.’s equity stocks are for sale online on the Nairobi Securities Exchange (NSE) under the stock symbol TPSE.

Francis Okomo-Okello is the current Non-Executive Chairman of TPS Eastern Africa Ltd and Mahmud Jan Mohamed is the Managing Director and Executive Director. TPS Eastern Africa Ltd operates as part of the Tourism Industry and the Consumer Services Sector.


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TPS Eastern Africa Ltd

TPS Eastern Africa Ltd Stock Performance

The current price for TPS Eastern Africa Ltd stocks is 15.00 KES. The company has a total market capitalisation of 2.82 billion KES, with a current P/E ratio of -2.45 and earnings per share of -6.32 KES. A total of 182 million shares are outstanding.

An analysis of financial data shows that when TPSE closed its trading day on Monday 13 September 2021 at 15.00 KES per share on the Nairobi Securities Exchange (NSE), it recorded a 0.3% gain over its previous closing price of 14.95 KES.

Financial results for the past few months showed that TPS Eastern Africa Ltd experienced one week, 4 week and 3 months gains of respectively 3.68%, 7.64% and 10.7%, in comparison to 6 months decline of 13.9% and one year decline of 0.64%.

With a possible increase of earnings per share and anticipated higher profits in the future, investors who want to buy or sell TPS Eastern Africa Ltd stocks can look forward to more gainful dividends and earnings in times to come.

According to an analysis on the live chart of TPS Eastern Africa Ltd, analysts forecast further improvement in performance for the consumer services sector with market share growing as trading volumes may increase.

Highlights of TPS Eastern Africa Ltd in 2021

TPS Eastern Africa Ltd opened the year with a share price of 16.00 KES, but it has lost 6.25 % in value on its price valuation, ranking 45th on the NSE with its year-to-date performance.

TPS Eastern Africa Ltd is currently the 29th most-traded stock on the NSE and has experienced a total trading volume of more than 1.05 million shares, which were finalized in 138 deals, and valued at a total of 15.1 million KES over a period of three months between June and September 2021, with an average of 16 606 shares in each trading session. A volume high of 247,300 was achieved on 23 June 23rd for that period.

TPS Eastern Africa Ltd experienced a 52 week high stock price of 18.00 KES and a 52 week low of 13.65 KES, indicating a 52 week decline of 3.55%. For the year to date the price has lost 6.56%.

How to buy TPS Eastern Africa Ltd stocks – Step by Step

The stock market is still one of the most popular financial markets that attracts millions of retail investors and participating traders daily. To buy, sell or trade TPS Eastern Africa Ltd stocks, traders and investors should follow a few easy steps:

  • Select a forex broker that offers access to the Nairobi Securities Exchange (NSE).
  • Review the broker's trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading
  • Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading
  • Find the symbol of the share that you want to buy, in this case, ” TPSE”.
  • You can start by making your first share purchase through the broker.
  • You can now continue to buy more shares to build and diversify your portfolio.

FAQs

The Nairobi Securities Exchange the Stock Exchange in Kenya that was established in 1954 in Nairobi. At the time it was a voluntary association of stockbrokers in the European community and was registered under the Societies Act in British Kenya.

Nigel Firth
Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.