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HFCK H1 2012 Results - KES 0.70 interim div in the box
Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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But their dividend payment process is slow and takes almost 6 months, even KPLC is better. Thieves
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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mwekez@ji wrote:HF is a good stock with a brilliant future. Its a valuable jewel. I keep saying this is a STRONG BUY! P/B ratio = 0.75, so cheap...$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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King G wrote:But their dividend payment process is slow and takes almost 6 months, even KPLC is better.
LIAR! I even doubt whether there is any bank that does what you are purporting! Banks are not KPLC and the EA Cables that have cash issues!
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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@king G, Read post 16 by @sober for the dates to watch on matter relating this interim dividend
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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[quote=Metasploit]HF’s performance provides a pointer to the expected results from its peers in the banking sector, being the first lender to file H1 earnings when higher interest rates are expected to affect industry profits. http://www.businessdaily...6/-/onsb9p/-/index.html[/quote] Every single bank will outperform HFCK due to their huge exposure to mortgage.. I doubt commercial retail banking has been hit that hard.. Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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@guru, the tight monetary policy hit the mortgage business hardest …. And the easing of monetary policy will bring the greatest benefit to the mortgage business
I applause HF for going through the toughest half year since 2008 and emerging with the good numbers we have seen.
Going forward, watch this space
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Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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mwekez@ji wrote:King G wrote:But their dividend payment process is slow and takes almost 6 months, even KPLC is better.
LIAR! I even doubt whether there is any bank that does what you are purporting! Banks are not KPLC and the EA Cables that have cash issues! Before you start shouting yourself hoarse, i have received all my dividends from the shares i own within the fnancial sector that were declared by March 31st except HFCK. They are slow in paying dividends and i maintain. They are yet to pay the final dividend for last year, Period! FYI; I have owned hfck shares for the last 7 years and have seen then go to 60 bob and back! Thieves
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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King G wrote:mwekez@ji wrote:King G wrote:But their dividend payment process is slow and takes almost 6 months, even KPLC is better.
LIAR! I even doubt whether there is any bank that does what you are purporting! Banks are not KPLC and the EA Cables that have cash issues! Before you start shouting yourself hoarse, i have received all my dividends from the shares i own within the fnancial sector that were declared by March 31st except HFCK. They are slow in paying dividends and i maintain. They are yet to pay the final dividend for last year, Period! FYI; I have owned hfck shares for the last 7 years and have seen then go to 60 bob and back! Mate, On the final dividend, HF books closed on 28th June 2012 and the dividend will be paid in a few days, 27th July 2012. Now, how has that 1 month gap become 6 months?!? … and here comes another sweet interim dividend. Which other bank does that!
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Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
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I have just looked at the cash flow statement and noted that the cashflow statement does not reflect the borrowed fund totaling to around ksh.700M,have they pooled it in net flows from operating activities to fool us or is that omission allowed....because I think H1 borrowed funds shld be shown in the cashflow statement and in this case they have omitted it. '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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mwekez@ji wrote:King G wrote:mwekez@ji wrote:King G wrote:But their dividend payment process is slow and takes almost 6 months, even KPLC is better.
LIAR! I even doubt whether there is any bank that does what you are purporting! Banks are not KPLC and the EA Cables that have cash issues! Before you start shouting yourself hoarse, i have received all my dividends from the shares i own within the fnancial sector that were declared by March 31st except HFCK. They are slow in paying dividends and i maintain. They are yet to pay the final dividend for last year, Period! FYI; I have owned hfck shares for the last 7 years and have seen then go to 60 bob and back! Mate, On the final dividend, HF books closed on 28th June 2012 and the dividend will be paid in a few days, 27th July 2012. Now, how has that 1 month gap become 6 months?!? … and here comes another sweet interim dividend. Which other bank does that! BBK, SCBK (even 3 divs in some years) Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 11/7/2007 Posts: 2,182
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mwekez@ji wrote:King G wrote:mwekez@ji wrote:King G wrote:But their dividend payment process is slow and takes almost 6 months, even KPLC is better.
LIAR! I even doubt whether there is any bank that does what you are purporting! Banks are not KPLC and the EA Cables that have cash issues! Before you start shouting yourself hoarse, i have received all my dividends from the shares i own within the fnancial sector that were declared by March 31st except HFCK. They are slow in paying dividends and i maintain. They are yet to pay the final dividend for last year, Period! FYI; I have owned hfck shares for the last 7 years and have seen then go to 60 bob and back! Mate, On the final dividend, HF books closed on 28th June 2012 and the dividend will be paid in a few days, 27th July 2012. Now, how has that 1 month gap become 6 months?!? … and here comes another sweet interim dividend. Which other bank does that! i have been a shareholder for one year now and i dont have issues with divident payment at all LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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selah wrote:I have just looked at the cash flow statement and noted that the cashflow statement does not reflect the borrowed fund totaling to around ksh.700M,have they pooled it in net flows from operating activities to fool us or is that omission allowed....because I think H1 borrowed funds shld be shown in the cashflow statement and in this case they have omitted it. I know HF recently secured 2 big deals. One for KES 1.1B and another for KES 850 M (USD 10 M). The KES 1.1B is not yet in H1 Balance Sheet so its yet to be received. I would want to have a look at the cashflow statement to see what transpired on the 850M. Pls share the cashflow. My H1 results dint come with the cashflow statement
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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As long as the dividends come within the one year cycle, I do not care when it comes, as long as it is consistent. Treat your dividends payments like a merry-go round investment; one guy gets paid this month, another next month etc.
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Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
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mwekez@ji wrote:selah wrote:I have just looked at the cash flow statement and noted that the cashflow statement does not reflect the borrowed fund totaling to around ksh.700M,have they pooled it in net flows from operating activities to fool us or is that omission allowed....because I think H1 borrowed funds shld be shown in the cashflow statement and in this case they have omitted it. I know HF recently secured 2 big deals. One for KES 1.1B and another for KES 850 M (USD 10 M). The KES 1.1B is not yet in H1 Balance Sheet so its yet to be received. I would want to have a look at the cashflow statement to see what transpired on the 850M. Pls share the cashflow. My H1 results dint come with the cashflow statement Actually am very surprised that those figures are not reflected in the cashflow statement as borrowed funds in the financing activities section,or did they just classify the funds in the Net flows from operating activities..is that even allowed. HFCK Cashflow statement '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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selah wrote:mwekez@ji wrote:selah wrote:I have just looked at the cash flow statement and noted that the cashflow statement does not reflect the borrowed fund totaling to around ksh.700M,have they pooled it in net flows from operating activities to fool us or is that omission allowed....because I think H1 borrowed funds shld be shown in the cashflow statement and in this case they have omitted it. I know HF recently secured 2 big deals. One for KES 1.1B and another for KES 850 M (USD 10 M). The KES 1.1B is not yet in H1 Balance Sheet so its yet to be received. I would want to have a look at the cashflow statement to see what transpired on the 850M. Pls share the cashflow. My H1 results dint come with the cashflow statement Actually am very surprised that those figures are not reflected in the cashflow statement as borrowed funds in the financing activities section,or did they just classify the funds in the Net flows from operating activities..is that even allowed. HFCK Cashflow statement Ooh yeah. They classified the “(Decrease) /Increase in loans from banks” as “cash flows from operating activities”. I think they did that because banks main operation is financial intermediation. Checked with the detailed 2011 audited annual report and have seen this is their norm
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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... and now HF secures one of a kind KES 1.7 Billion IFC green loan The injection will help Housing Finance lend to buyers and builders of eco-friendly or green houses and the IFC expects the proposed arrangement to be a benchmark for other mortgage lenders. ... “Green housing projects are the future for this industry (as) differentiated from what is on offer at the moment in the region,” said Moses Waireri an analyst at Genghis Capital.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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I think HFCK will give 0.80 at end year bringing dividend to (0.70+0.80) 1.50 for the whole year. This is AMAZING The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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HFCK is turning out to be a good dividend payer and is a good investment in the long rum - time horizon of 5 years. Thieves
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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King G wrote:HFCK is turning out to be a good dividend payer and is a good investment in the long rum - time horizon of 5 years. undervalued. Can double in one year. If it does so, there would be no need of keeping for 5. Life is short. Live passionately.
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HFCK H1 2012 Results - KES 0.70 interim div in the box
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