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Housing Finance: HFCK a diamond in the rough
Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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The Mbus is heading back to 16.00. who else has seen? The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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@aguy your eagle eye is as good as mine true. "Don't let the fear of losing be greater than the excitement of winning."
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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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Diamond in the rough. The resistant levels will be tough coz of wanjiku investors taking profit at every stage. Note shareholders with 1 - 10,000 shares own a high 20% of HF
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Rank: Veteran Joined: 12/21/2011 Posts: 1,010
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headed back down,let it touch 14 and i reload.
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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wilyum wrote:headed back down,let it touch 14 and i reload. Someone please remind me to hold share purchase in the 4th quarter to December thereabouts
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Rank: Member Joined: 3/26/2012 Posts: 830
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wilyum wrote:headed back down,let it touch 14 and i reload. i have always said that am a very patient man...am waiting for 14 too to average down. A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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S.Mutaga III wrote:wilyum wrote:headed back down,let it touch 14 and i reload. i have always said that am a very patient man...am waiting for 14 too to average down. If the market tanks, HFCK should follow suit but not as hard. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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S.Mutaga III wrote:wilyum wrote:headed back down,let it touch 14 and i reload. i have always said that am a very patient man...am waiting for 14 too to average down. Hope you will get there, but people who set specific price targets rarely have their way. KCB touched 14.80 this year but people were saying they were waiting for 12. That didn't happen but anyone who bought between 14.8 and 20 made good money. If a stock is selling at a discounted price it is much better to set a range for buying IMO. Fair price of HF IMO is 27. My target for capital gains is 50% so i can buy at any price below 18. So far my buys have been between 13.25 and 15.25 so in a way i achieve the same objective without timing the market. Life is short. Live passionately.
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Rank: Member Joined: 3/26/2012 Posts: 830
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sparkly wrote:S.Mutaga III wrote:wilyum wrote:headed back down,let it touch 14 and i reload. i have always said that am a very patient man...am waiting for 14 too to average down. Hope you will get there, but people who set specific price targets rarely have their way. KCB touched 14.80 this year but people were saying they were waiting for 12. That didn't happen but anyone who bought between 14.8 and 20 made good money. If a stock is selling at a discounted price it is much better to set a range for buying IMO. Fair price of HF IMO is 27. My target for capital gains is 50% so i can buy at any price below 18. So far my buys have been between 13.25 and 15.25 so in a way i achieve the same objective without timing the market. you dont seem to get the logic.If I say that I will start buying at price X,I dont mean that I will only buy at price X.Any price lower than X will be a buy.Plus,if I buy at price X,my second purchase should be (X - Y),to average down.It makes more business sense to me A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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am with @sparkly on this one. have both entry and exit targets and maintain that even if it is just part of your portfolio. Thieves
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Rank: Member Joined: 3/26/2012 Posts: 830
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King G wrote:am with @sparkly on this one. have both entry and exit targets and maintain that even if it is just part of your portfolio. i have never quite understood the point of having an exit target.If you set that target,and it is reached,you may sell prematurely because you have not evaluated the company and its business in light of prevailing market conditions.Also,the stock may fail to reach your target before reversing the trend.I use rather mechanical means.First I approximate the fair value of a company.Then when the fair value is reached,I dont sell but track using trail stops to lock in gains.This enables me to take full advantage of a rally. A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Rank: Member Joined: 8/4/2012 Posts: 155 Location: Kenya
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@sparkly a good strategy you have there If you don't want to go to plan B have a good plan A.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Simplified wrote: a high of 16.50 today... and the trek up has just started...I wonder if 19 will print.Got 85% of my portfolio on this one I guess yu have to wait another year, if u havent jumped the ship yet "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore .
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Rank: Member Joined: 6/25/2010 Posts: 176
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I was bugged by the fact that 2010 operating cash flow was so high (6,305,151) and for 2011 was negative (-2,562,347) so i decided to check the break down on the annual report. I found out that Increase in funds from corporate bonds 7,030,900 in 2010 is what led to the high Op. cashflow. Shouldn't that figure be considered as finance cash flow. Without this, the cash flow would also have been negative. These guys are giving out more mortgages than the deposits they are receiving. Rule No.1 is never lose money. Rule No.2 is never forget rule number one
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Rank: Member Joined: 6/25/2010 Posts: 176
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I continued doing my homework and checked the financials from 2007 and the cash flow has been negative ever since. These guys have been spending more money than they are making.Thats it!Am cashing out Rule No.1 is never lose money. Rule No.2 is never forget rule number one
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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dave.kim wrote:I continued doing my homework and checked the financials from 2007 and the cash flow has been negative ever since. These guys have been spending more money than they are making.Thats it!Am cashing out In December? Boss, you are brave! If what you say is true, I'll wait for a 17 thereabouts mid to end of next month.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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dave.kim wrote:I continued doing my homework and checked the financials from 2007 and the cash flow has been negative ever since. These guys have been spending more money than they are making.Thats it!Am cashing out Are you sure you can really read a cashflow statement?? On a cashflow statement there are two sections "cash from operations" and the "closing cash balance"The cash from operations should always be positive.. That said, the cash balance can be negative every year without causing any problems! So from a cashflow point of view there are no problems with HFCK! Mark 12:29 Deuteronomy 4:16
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Mukiri wrote:dave.kim wrote:I continued doing my homework and checked the financials from 2007 and the cash flow has been negative ever since. These guys have been spending more money than they are making.Thats it!Am cashing out In December? Boss, you are brave! If what you say is true, I'll wait for a 17 thereabouts mid to end of next month. Should i be made to believe that some investors are not aware of the cash position/solvency of their investments BEFORE investing?? Half baked investing if i ever seen some!! Mark 12:29 Deuteronomy 4:16
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