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Housing Finance: HFCK a diamond in the rough
Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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When BRITAK announced their half year results they had clearly stated they have disposed siginificant shareholding in both HFCK and Equity Bank and these step earned them around 1.2billion...this maybe one of the reason why there has always been a oversupply for HFCK and the share price has remained depressed.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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dave.kim wrote: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 Everyone wants more of HFCK. HFCK is a diamond in the rough. As at 31 December 2010, Britak had a shareholding of 12.55% of HFCK. On 30 June 2011, Britak acquired an additional 8.33% of the share capital of HFCK for Shs 516,795,469 converting it into an associate with a shareholding of 20.88%. Britak annual report page 89 Link
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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mwekez@ji wrote:dave.kim wrote: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 Everyone wants more of HFCK. HFCK is a diamond in the rough. As at 31 December 2010, Britak had a shareholding of 12.55% of HFCK. On 30 June 2011, Britak acquired an additional 8.33% of the share capital of HFCK for Shs 516,795,469 converting it into an associate with a shareholding of 20.88%. Britak annual report page 89 Link Notice the huge transactions that went through in H1 2011. For instance, check 3rd March, the counter moved 3,620,700 shares at a VWAP of KES 27.85 a share .
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Looking at its momentum, the share is headed back to 15's. its hard for people who know its value to ignore it at these levels The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: New-farer Joined: 8/14/2010 Posts: 28 Location: Limuru
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Did these dividends come through for anyone? I haven't got my cheque yet. L-TOWNS OWN SINCE '90
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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t-godd wrote:Did these dividends come through for anyone? I haven't got my cheque yet. yeah, Received mine like a week ago
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Elder Joined: 6/23/2009 Posts: 13,515 Location: nairobi
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already bought a crisp grey suit with the final dividend :) now waitin for the KES 0.70 interim to check in. mwenye macho haambiwi tazama..
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 6/25/2010 Posts: 176
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Received and reinvested, here. Now waiting for the 2012 interim div to be paid in 2.5 weeks time 
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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HFCK cartoon. So far the cartoon says it is a very poor performer - note the divergence between HFCK vs NSE20 on the 20 month chart. Very far from getting bullish. But I like the way it is under priced. The discount is very welcome  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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hisah wrote:HFCK cartoon. So far the cartoon says it is a very poor performer - note the divergence between HFCK vs NSE20 on the 20 month chart. Very far from getting bullish. But I like the way it is under priced. The discount is very welcome @hisah, That is the beauty with this stock. It is extremely underprised; soon or later the market will reaalise this and give it a good kick upwards.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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mwekez@ji wrote: 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: 6/23/2009 Posts: 13,515 Location: nairobi
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An outright endorsement for HFCK from @Pkoli is big. The three real dons of wazua are known, Guru, Stocksmaster and Pkoli!!!
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:An outright endorsement for HFCK from @Pkoli is big. The three real dons of wazua are known, Guru, Stocksmaster and Pkoli!!! sparkly has also endorsed HF and Centum! cfc stanbic also looking bullish. purely technical play on this one for me. Life is short. Live passionately.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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S&L brings the fight to HFCK!! www.pesatalk.com/2012/09...b-reduces-lending-rates/Mortgage advantage customers to service their loans @ 16.5%! ROOAAR!! Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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SMH! Ordinary S&L mortgage customers get 18%! What are the outright and hidden costs of becoming an S&L mortgage advantage customer?!¿
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Britak now known as Britam has been buying this stock like nothing, they now own about 21.3% of the firm compared to around 12.5% in 2010.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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I want this stock in my portfolio, I can almost taste it! The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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Aguytrying wrote:I want this stock in my portfolio, I can almost taste it! @Aguy..I will follow you on this
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Housing Finance: HFCK a diamond in the rough
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