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HFCK fully year 2011 profits up 74 percent
kyt
#41 Posted : Wednesday, February 22, 2012 5:21:06 PM
Rank: Elder


Joined: 11/7/2007
Posts: 2,182
Sufficiently Philanga....thropic wrote:
hisah wrote:
As long as financial firms continue to announce better than expected results in this bidless market, I expect the market to continue tanking. This is the same script just as it was last year. The bidless market is still hoping on bullishness. Once the financial firms start reporting 'brown shoots' in this bidless market, that's the only time I can expect NSE to mount a serious rally in coming months. I still expect the market to test 3070 and breaking below 3000 is not going to be funny for the current bull callers, but will be fun for those picking at ridiculous prices lower.

Just watch oil prices - they have a very nasty way of surprising 'rosy' fundamentals. That's all...

Couldnt agree more! Brent at current levels of post $120 will just spoil the party for us!
Can't we just get our oil from Southern Sudan @CDE?

thats a question someone here answered,
1. it is 7 times more expensive to transport oil from Mombasa to Sudan than it is from Arab countries to Kenya
2. our "state of the art" refinery cannot refine Sudan's crude and in essence will also not be able to refine Uganda's either
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
FUNKY
#42 Posted : Wednesday, February 22, 2012 5:21:47 PM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,635
@ guru - when equity will take full control over HFCK it will be a different story on its own.
the deal
#43 Posted : Wednesday, February 22, 2012 7:26:23 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
@guru why would people go to S&L where old clients are paying 19-27% instead of 16%? All I know is HF is on a roll...need evidence look at our FY results.
Cde Monomotapa
#44 Posted : Wednesday, February 22, 2012 7:56:13 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Snake *hiss*
guru267
#45 Posted : Wednesday, February 22, 2012 8:39:36 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
FUNKY wrote:
@ guru - when equity will take full control over HFCK it will be a different story on its own.


We have been 6 years in waiting for this takeover and HFCK have made it clear that they will not sell to Equity at anytime...

the deal wrote:
@guru why would people go to S&L where old clients are paying 19-27% instead of 16%? All I know is HF is on a roll...need evidence look at our FY results.


S&L mortgage rates are not the same as KCB bank loan rates..
S&L already has 30% market share in kenya so no real need to fight HFCK... & when it hits Uganda, Rwanda, S.Sudan (all virgin markets) with mortgage products it will then be unmatched...


I was merely pointing out that KCB is a better bet than HFCK when playing the mortgage sector..
Mark 12:29
Deuteronomy 4:16
the deal
#46 Posted : Wednesday, February 22, 2012 8:43:57 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
HF to re-enter property market with Sh1bn city

http://www.businessdaily...9f2l/-/index.htmlApplause Applause Applause Applause
Cde Monomotapa
#47 Posted : Wednesday, February 22, 2012 8:47:48 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
the deal wrote:
HF to re-enter property market with Sh1bn city

http://www.businessdaily...9f2l/-/index.htmlApplause Applause Applause Applause

Enough said. smile
guru267
#48 Posted : Wednesday, February 22, 2012 9:17:58 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
the deal wrote:
HF to re-enter property market with Sh1bn city

http://www.businessdaily...9f2l/-/index.htmlApplause Applause Applause Applause


As HFCK tries to re-enter the market check out a couple of S&L's ongoing activities..

www.allafrica.com/stories/201110110872.html

www.kcbbankgroup.com/ke/...mp;id=688&Itemid=264

www.kcbpropertyguide.com...;view=article&id=119:diaspora-new-mortgage-frontier&catid=1:latest-news&Itemid=211


Mark 12:29
Deuteronomy 4:16
QW25091985
#49 Posted : Wednesday, February 22, 2012 9:20:55 PM
Rank: User


Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
we are definitely at the hight of a real estate boom about to go burst ....
guess what comes before a crash ? euphoria
guru267
#50 Posted : Wednesday, February 22, 2012 9:32:47 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
QW25091985 wrote:
we are definitely at the hight of a real estate boom about to go burst ....
guess what comes before a crash ? euphoria


My friend.. As long as a 200,000 housing deficit remains where does the burst come from..

Not even high interest rates could halt these projects...
Mark 12:29
Deuteronomy 4:16
Cde Monomotapa
#51 Posted : Wednesday, February 22, 2012 10:37:54 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
guru267 wrote:
the deal wrote:
HF to re-enter property market with Sh1bn city

http://www.businessdaily...9f2l/-/index.htmlApplause Applause Applause Applause


As HFCK tries to re-enter the market check out a couple of S&L's ongoing activities..

www.allafrica.com/stories/201110110872.html

www.kcbbankgroup.com/ke/...mp;id=688&Itemid=264

www.kcbpropertyguide.com...;view=article&id=119:diaspora-new-mortgage-frontier&catid=1:latest-news&Itemid=211



Nawapenda wo..! smile
GenghisCapitalLtd
#52 Posted : Thursday, February 23, 2012 8:30:47 AM

Rank: Bona-fide


Joined: 11/2/2011
Posts: 191
Location: Nairobi
Thanks guru
Follow us on Twitter @genghiscapital
“Be a yardstick of quality. Some people aren’t used to an environment where excellence is expected.” Steve Jobs,iGenius
FUNKY
#53 Posted : Thursday, February 23, 2012 8:34:14 AM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,635
This is a very good buy at the current prices.
nikimani
#54 Posted : Thursday, February 23, 2012 2:06:52 PM
Rank: New-farer


Joined: 1/9/2012
Posts: 23
HFCK looking good.

i ve been observing HFCK for a while,after their announcement they re re entering the property development business, according to Ireri, they have set aside upwards of ksh 1B ,targeting the middle income segment, their stocks look like a nice venture on...what do you guys think?
Sufficiently Philanga....thropic
#55 Posted : Thursday, February 23, 2012 2:35:22 PM
Rank: Elder


Joined: 9/23/2010
Posts: 2,221
Location: Sundowner,Amboseli
As @mlenny said in a different thread, this stock for a patient guy getting in right now at even KES.14 with a trailing PE of 5.19, will see you take a cool 100% in less than 2 years!
I couldn't agree more.
For now though, i'm happy because of the proposed dividends!
@SufficientlyP
FUNKY
#56 Posted : Thursday, February 23, 2012 3:04:44 PM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,635
We have 3 threads discussing HFCK. Can the wazua admin merge them please so as to avoid confusion.
FUNKY
#57 Posted : Tuesday, February 28, 2012 8:08:49 AM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,635
mlennyma
#58 Posted : Tuesday, February 28, 2012 8:28:30 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,184
Location: nairobi
I will stay put here for atleast 4yrs
"Don't let the fear of losing be greater than the excitement of winning."
earthvoice
#59 Posted : Tuesday, April 24, 2012 5:08:22 PM
Rank: Member


Joined: 1/29/2011
Posts: 257
Kenya's Housing Finance profit growth slows in Q1

Kenya's Housing Finance posted an 11 percent rise in first-quarter pretax profit to 190 million shillings ($2.3 million), a sharp slowdown from the 66 percent growth achieved a year ago as higher interest rates curbed demand for mortgages.

http://af.reuters.com/ar...ws/idAFL5E8FOCB720120424
"All intelligent investing is value investing -- acquiring more than you are paying for. You must value the business in order to value the stock." - Charlie Munger.
cnn
#60 Posted : Tuesday, April 24, 2012 5:37:26 PM
Rank: Veteran


Joined: 6/17/2009
Posts: 1,619
The breaks have been applied,it was always going to be difficult growing the loan book in this interest rate regime,the NPLs though does not look so bad as yet.
Let us what the big boys bring.
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