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Housing Finance: HFCK a diamond in the rough
Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Book closure was Fri last week. The share has received beating this week but todays beating was outrightly irrational. BUY BUY BUY  The share is a STRONG BUY *Book Value per share is KES 20 *has a very attractive single digit P/E (Trailing P/E of 5.2) *stand as a big beneficiary of monetary easing that has started *.... #Watch this space
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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mwekez@ji wrote:Book closure was Fri last week. The share has received beating this week but todays beating was outrightly irrational. BUY BUY BUY The share is a STRONG BUY *Book Value per share is KES 20 *has a very attractive single digit P/E (Trailing P/E of 5.2) *stand as a big beneficiary of monetary easing that has started *.... #Watch this space @Mwekezaji, There is potential upsurge of 20% in this share; price correction. Good for day traders
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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mwekez@ji wrote:Book closure was Fri last week. The share has received beating this week but todays beating was outrightly irrational. BUY BUY BUY The share is a STRONG BUY *Book Value per share is KES 20 *has a very attractive single digit P/E (Trailing P/E of 5.2) *stand as a big beneficiary of monetary easing that has started *.... #Watch this space experience has taught me to take advantage of mr markets folly. i wish kk money can be released i splash some serious cash here!! The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Veteran Joined: 11/11/2006 Posts: 972 Location: Home
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As soon as the trade of 13.80 printed, placed an order at 14.05 but wasn't lucky. That chance is gone so I'll revise it on Monday.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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PKoli wrote:mwekez@ji wrote:Book closure was Fri last week. The share has received beating this week but todays beating was outrightly irrational. BUY BUY BUY The share is a STRONG BUY *Book Value per share is KES 20 *has a very attractive single digit P/E (Trailing P/E of 5.2) *stand as a big beneficiary of monetary easing that has started *.... #Watch this space @Mwekezaji, There is potential upsurge of 20% in this share; price correction. Good for day traders @PKoli, may the traders make their 20%. Investors should look at exiting at the industry average P/B of 1.7 and at a double digit P/E. That will give more than 100% capital gain. @Aguytrying, #post 63, i cant agree more.
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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mwekez@ji wrote:PKoli wrote:mwekez@ji wrote:Book closure was Fri last week. The share has received beating this week but todays beating was outrightly irrational. BUY BUY BUY The share is a STRONG BUY *Book Value per share is KES 20 *has a very attractive single digit P/E (Trailing P/E of 5.2) *stand as a big beneficiary of monetary easing that has started *.... #Watch this space @Mwekezaji, There is potential upsurge of 20% in this share; price correction. Good for day traders @PKoli, may the traders make their 20%. Investors should look at exiting at the industry average P/B of 1.7 and at a double digit P/E. That will give more than 100% capital gain. @Aguytrying, #post 63, i cant agree more. I agree, we will see 100% or thereabouts , but I am talking of the short-term price corrections.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Pension backed mortgages is the next frontier http://bit.ly/OkG86c
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Another PLUS for HF. @PKoli, #Post 66, Agreed.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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More so for S&L!! Those gova pensions! Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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guru267 wrote:More so for S&L!! Those gova pensions! @guru, you should know the biggest mortgage lender in the country. The one stop shop for mortgage solutions, HF!
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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mwekez@ji wrote:guru267 wrote:More so for S&L!! Those gova pensions! @guru, you should know the biggest mortgage lender in the country. The one stop shop for mortgage solutions, HF! ... & you should also know that gova and NSSF have a substantial interest in HF!!
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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mwekez@ji wrote:mwekez@ji wrote:guru267 wrote:More so for S&L!! Those gova pensions! @guru, you should know the biggest mortgage lender in the country. The one stop shop for mortgage solutions, HF! ... & you should also know that gova and NSSF have a substantial interest in HF!! GOK owns a miniscule 3.80% of HFCK GOK owns a substantial 18% of KCB... Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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guru267 wrote:mwekez@ji wrote:mwekez@ji wrote:guru267 wrote:More so for S&L!! Those gova pensions! @guru, you should know the biggest mortgage lender in the country. The one stop shop for mortgage solutions, HF! ... & you should also know that gova and NSSF have a substantial interest in HF!! GOK owns a miniscule 3.80% of HFCK GOK owns a substantial 18% of KCB... The point is that GOK and NSSF also hold than 10% of HF. That's substantial. When it comes to mortgage business, be sure they will 1st visit the one stop mortgage shop, HF.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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@guru, notice the article is all HF and no KCB. That by itself speaks volumes
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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mwekez@ji wrote:
When it comes to mortgage business, be sure they will 1st visit the one stop mortgage shop, HF.
HFCK has a market share of 48% S&L has a market share of 35% With the recent revamping of S&L and its merger with KCB how much longer will HFCK hold the top spot?? GOK would prefer a partner with adequate capital, huge branch network, and significant influence (25% ownership in KCB).. S&L can lend up to 8billion per customer while HFCK cant even lend more than 1billion per customer! I do not see why i would pick HFCK over KCB to handle something of this magnitude.. Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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guru267 wrote:S&L can lend up to 8billion per customer while HFCK cant even lend more than 1billion per customer!
I do not see why i would pick HFCK over KCB to handle something of this magnitude..
HF can lend KES 950M to one individual borrower. Tell me one single pensioner who will need more than KES 950M mortgage?!? HF has a unique way of taking care of its customers. A case in point is when industry rates shot above the roof and S&L squarely hammered its customers. HF did not. Who wouldnt want to be with such a mortgage shop?
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Britak has pension schemes which HF can tape! KCB as a whole can't lend Ksh8bn to one customer, that's like 17% of KCB's total capital!
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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@the deal, britak and HF have lots of synergies. That one is another, On KCB, it can. Check clause 3.1 of CBK prudential guideline LinkThe following said at the clause is a PLUS for HF The Central Bank of Kenya with the written approval of the Minister may authorize a mortgage finance company to give advances, credits, guarantees or incur liabilities whose values exceed 25% of core capital.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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@the deal S&L can lend up to 8billion kshs PER CUSTOMER.. KCB is not small fry bro!! Mark 12:29
Deuteronomy 4:16
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Rank: Member Joined: 6/25/2010 Posts: 176
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and remember equity n britak collectively own over 40% of HF and they continue to gather more shares. Mr Mwangi may still be eyeing majority stakeholder Rule No.1 is never lose money. Rule No.2 is never forget rule number one
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