Wazua
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Housing Finance FY 2012 pretax profit 7% down and 0.70 dividend
Rank: Veteran Joined: 11/11/2006 Posts: 972 Location: Home
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After Tax Profit up 19%
BloombergNews Africa (@BNAfrica) tweeted at 5:51 PM on Tue, Feb 19, 2013: @Housing_Finance of #Kenya FY profit rises 19% to 743m Shillings
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Rank: Veteran Joined: 6/17/2009 Posts: 1,627
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holycow wrote:BloombergNews Africa (@BNAfrica) tweeted at 5:51 PM on Tue, Feb 19, 2013:
@Housing_Finance of #Kenya FY profit rises 19% to 743m Shillings That would beat my expectations,i was expecting a flat year or slight dip in profits.
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Rank: Veteran Joined: 6/17/2009 Posts: 1,627
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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holycow wrote:BloombergNews Africa (@BNAfrica) tweeted at 5:51 PM on Tue, Feb 19, 2013:
@Housing_Finance of #Kenya FY profit rises 19% to 743m Shillings "Still on the balance sheet under assets I noticed they have a tax asset amounting to Kes113mn which could be material if they realize it." Better than my projections here http://www.contrarianinv...o-a-one-stop-shop-begins
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Rank: Veteran Joined: 11/11/2006 Posts: 972 Location: Home
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Housing Finance: HFCK a diamond in the rough...
#324 Posted : Tuesday, October 30, 2012 10:52:18 AMxxxxx wrote:youcan'tstopusnow wrote:Aguytrying wrote:Its a been tough year, i expect flat-ish growth this year. They had projected 709m as PAT (14 percent up) as recently as September, ama? Q4 could see growth yet... ..eeehhhh, so could it be that they overcooked the projections in the recent information memorandum to create a fake bus????  Wazua, always the best!
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Net interest income - flat
Non interest income - flat
Total operating income - flat
Operating expenses - up 9% on account of higher staff cost. However, directors paid themselves less saving the situation abit and saving their face.
PBT - down 7%
PAT - up 19% helped by deferred tax of KES 190M.
Final Dividend - KES 0.70, Books close; 17.05.2013, payment; 14.06.2013
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Rank: Elder Joined: 6/2/2011 Posts: 4,824 Location: -1.2107, 36.8831
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mwekez@ji wrote:Net interest income - flat
Non interest income - flat
Total operating income - flat
Operating expenses - up 9% on account of higher staff cost. However, directors paid themselves less saving the situation abit and saving their face.
PBT - down 7%
PAT - up 19% helped by deferred tax of KES 190M.
Final Dividend - KES 0.70, Books close; 17.05.2013, payment; 14.05.2013 How do they pay before book closure, bro? Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Net NPA are up a whooping 79% to KES 1,715,096,000 from KES 958,956,000 in 2011
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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dunkang wrote:mwekez@ji wrote:Net interest income - flat
Non interest income - flat
Total operating income - flat
Operating expenses - up 9% on account of higher staff cost. However, directors paid themselves less saving the situation abit and saving their face.
PBT - down 7%
PAT - up 19% helped by deferred tax of KES 190M.
Final Dividend - KES 0.70, Books close; 17.05.2013, payment; 14.05.2013 How do they pay before book closure, bro? my bad. its 14.06.2013
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Rank: Elder Joined: 6/23/2009 Posts: 14,251 Location: nairobi
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decent set of results. as anticipated, a generous dividend has been given which shall keep the share at sky high levels. although i have been advised to desist from use of the word cannot when referrin to stock matters. i state here and now that price cannot dip below KES 18.00 in next three months, ceteris paribus
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Housing Finance FY 2012 pretax profit 7% down and 0.70 dividend
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