I was also wondering how far it'll go by books closer for the 0.70/= div. What do the other experts say?

Good idea for them to enter into JV with land owners. This will clearly set them far apart from their competitors.

@ QD..Suraya is still a small player compared to market demand and HF Capacity.
Suraya has moulded himself from an architect to a developer. He can rival HF if he continues this process and moulds himself into a Mortgage bank. If he does that, he will give HF and other banks a run for their money owing to his ingenious solutions and ease of experimenting new ideas.

Housing Finance turns focus to long term affordable funding

Housing Finance has now turned its focus to long term affordable funding to deliver affordable solutions for its middle to lower income target market. The firm recently launched its Current Account which is expected to broaden the firm’s funding base and reduce funding costs.

The firm also recently signed an international financing agreement for Kshs 2.2 billion with the European Investment Bank (EIB), for funding eligible SMEs in the construction industry. The firm is in addition in talks with other financiers for funding lines for the business, which should help it reduce reliance on short term deposits.

This counter traded at 30 bob last year. Its highly undervalued and full of potential

And so... How does it trading at 30bob last year affect the price today or tomorrow or next year??

All stocks in a bull market thats just starting up are "diamond in the rough" lol. Yep that includes olympia and ak

in FY 2011, EPS growth was 64%. This year, interest rates have screwed banks so let us project a modest 40% growth. That will give us:

Forward EPS 3.78
Forward P/E at the price of 16.50; 4.36

At KES 30, we will still be talking of single digit P/E of 7.93

Some time back, any bank with p/e of 10 was considered very cheap, we are now having p/e of 5 and growth of 40% yet shying away. I think HF is cheap, Equity/KCB are cheap at current prices..