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Housing Finance Q1 2013 PAT up 46%
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Ericsson
#41 Posted : Friday, April 26, 2013 1:02:12 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
mwekez@ji I will be waiting to watch your words
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mwekez@ji
#42 Posted : Friday, April 26, 2013 1:14:08 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
smile
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Museveni
#43 Posted : Friday, April 26, 2013 1:56:26 PM
Rank: Member


Joined: 8/16/2012
Posts: 660
Ericsson wrote:
mwekez@ji I will be waiting to watch your words


mwekez@ji wrote:
Ericsson wrote:
Loan processing fee is an one-off and is usually 1% of the loan amount
Ledger fees is about ksh.350 to 400.

Calculate a loan of ksh.4m for 15 years using co-op @16.5% and HFCK @18% and then see the difference in amount and u will realise what am saying that HFCK is gonna face stiff compe


even putting aside the hidden charges (coz they tend to be hidden in the fine prints that many dont read), interest rates wont maintain that differential for a long time. Am even thinking that coop could be charging that so as to gain acceptance in the new market and could be shouldering some cost which will end up being shouldered by someone. Read the prints well to ensure you dont lose out in the end ... BTW, I am also invested in coop and my advice to you is coz you are a wazuan and i would want you to get the best loan deal. I have nothing against coop bank and especially from an investment perspective. It is a good investment that will make investors money.


Ericsson, IHO, Mwekez@ji has already put all cards on the table.

Wazua Spirit wrote:
.. educate, inform, learn from others; within the limit of what we know, in any chosen area irrespective of our differences
Live and learn; and don’t forget, nothing ventured, nothing gained.
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Ericsson
#44 Posted : Friday, April 26, 2013 4:08:21 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
@Museveni;What am saying is that HFCK has been ceding ground to competitors over the past few years and more competition is still coming;its the reason Equity wanted a buyout so that they could make major decisions that will benefit HFCK and shareholders as well same way as they did with the bank.
If banks perceived to be small like Bank of Baroda,Imperial,Chase Bank,Family Bank have already overtaken HFCK in terms of profitability;then there is something that needs to be done to improve returns on shareholder equity.
From a shareholders view the returns are not quite fast and from a customer point of view it means the competitors are offering better service.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Aguytrying
#45 Posted : Friday, April 26, 2013 4:44:20 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
@Ericsson. HFCK is doing quite well in the business front. Check out the profits 5 yrs and now and u will be impressed. Profitability has almost tripled . The strategic plan from 2007-011 went very well and was achieved it was the getting back to profitability phase. Like where they were before the dark 06-07 days.
Now we are in 2012-16 strategic plan also going according to plan. Dividends have been growing yr over yr. So investors are very happy with company performance. If competition becomes a threat they can use the market position as well as synergies with Britam n equity to thwart the competition. The share price will soon follow the good performance since 2007.at current price div yield is high. This year I predict a minimum div of 1.7 starting off with the juicy interim.
Happy hunting.
The investor's chief problem - and even his worst enemy - is likely to be himself
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Museveni
#46 Posted : Friday, April 26, 2013 4:54:07 PM
Rank: Member


Joined: 8/16/2012
Posts: 660
Ericsson wrote:
.... there is something that needs to be done to improve returns on shareholder equity.


The results posted speak volumes.

Which means that 'something' happened or has started happening.

EQT Membas just saw a good opportunity to invest not that a buy-out is much of a motivation.
When riding a bus & reach the mountain peak you know the only ride will be downhill. To continue your adventure all you have to do is disembark and take the next one.

You don't even have to be the driver.
Live and learn; and don’t forget, nothing ventured, nothing gained.
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guru267
#47 Posted : Friday, April 26, 2013 6:30:08 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
If one bought shares today they would access 0.7bob 2012 dividend + 1.8bob 2013 dividend giving a total of 2.5bob by May 2014..

That's a whopping 10% dividend yield!

I've been buying bucket loads of HFCK, Kenya re & co op and I think I may be looking to retire by the next election smile
Mark 12:29
Deuteronomy 4:16
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jerry
#48 Posted : Friday, April 26, 2013 6:44:00 PM
Rank: Elder


Joined: 9/29/2006
Posts: 2,570
guru267 wrote:
If one bought shares today they would access 0.7bob 2012 dividend + 1.8bob 2013 dividend giving a total of 2.5bob by May 2014..

That's a whopping 10% dividend yield!

I've been buying bucket loads of HFCK, Kenya re & co op and I think I may be looking to retire by the next election smile

@guru267. When you do leave the instruments of power to me!02-67?$%###(14-67?)Not what I thought.
The opposite of courage is not cowardice, it's conformity.
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mwekez@ji
#49 Posted : Friday, April 26, 2013 9:13:53 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
Aguytrying wrote:
@Ericsson. HFCK is doing quite well in the business front. Check out the profits 5 yrs and now and u will be impressed. Profitability has almost tripled . The strategic plan from 2007-011 went very well and was achieved it was the getting back to profitability phase. Like where they were before the dark 06-07 days.
Now we are in 2012-16 strategic plan also going according to plan. Dividends have been growing yr over yr. So investors are very happy with company performance. If competition becomes a threat they can use the market position as well as synergies with Britam n equity to thwart the competition. The share price will soon follow the good performance since 2007.at current price div yield is high. This year I predict a minimum div of 1.7 starting off with the juicy interim.
Happy hunting.
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mwekez@ji
#50 Posted : Friday, April 26, 2013 9:42:56 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
Museveni wrote:
Ericsson wrote:
.... there is something that needs to be done to improve returns on shareholder equity.


The results posted speak volumes.

Which means that 'something' happened or has started happening.



To demonstrate with numbers, Return On Equity at Q1 2012 was 11.05% and has since grown to 14.60% in Q1 2013. At FY 2013, it’s expected to have grown to upwards of 17%. Strategic plan 2012-16 is on course and will reward shareholders handsomely
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mwekez@ji
#51 Posted : Friday, April 26, 2013 9:54:21 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
guru267 wrote:
If one bought shares today they would access 0.7bob 2012 dividend + 1.8bob 2013 dividend giving a total of 2.5bob by May 2014..

That's a whopping 10% dividend yield!

I've been buying bucket loads of HFCK, Kenya re & co op and I think I may be looking to retire by the next election smile


smile 10% dividend yield and the counter is trading at a P/E of 7.37x (Sector Average 9.7x) and P/B of 1.08x (Sector Average 2.0x) #Good discount available at this counter
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obiero
#52 Posted : Friday, April 26, 2013 11:18:16 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,556
Location: nairobi
Ericsson wrote:
@Museveni;What am saying is that HFCK has been ceding ground to competitors over the past few years and more competition is still coming;its the reason Equity wanted a buyout so that they could make major decisions that will benefit HFCK and shareholders as well same way as they did with the bank.
If banks perceived to be small like Bank of Baroda,Imperial,Chase Bank,Family Bank have already overtaken HFCK in terms of profitability;then there is something that needs to be done to improve returns on shareholder equity.
From a shareholders view the returns are not quite fast and from a customer point of view it means the competitors are offering better service.

^^ one of the few sober men in the room :)

COOP 70,000 ABP 15.20; HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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guru267
#53 Posted : Saturday, April 27, 2013 1:43:47 AM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
obiero wrote:
Ericsson wrote:
@Museveni;What am saying is that HFCK has been ceding ground to competitors over the past few years and more competition is still coming;its the reason Equity wanted a buyout so that they could make major decisions that will benefit HFCK and shareholders as well same way as they did with the bank.
If banks perceived to be small like Bank of Baroda,Imperial,Chase Bank,Family Bank have already overtaken HFCK in terms of profitability;then there is something that needs to be done to improve returns on shareholder equity.
From a shareholders view the returns are not quite fast and from a customer point of view it means the competitors are offering better service.

^^ one of the few sober men in the room :)


What I taste and smell here is More like a bunch of sour grapes! Shame on you
Mark 12:29
Deuteronomy 4:16
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the deal
#54 Posted : Saturday, April 27, 2013 8:57:19 AM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
If you read my 18 July 2012 BUY recommendation on HF you will realise that HF is evolving into a strong force in Kenya's property sector...Competition is not a worry...look at how many Kenyans own a home? Yet they continue to breed...Warren Buffet once said you cant control hormones...folks would still get married....the wife would demand a decent home...a decent kitchen thus demand for housing will always be there...only issue is affordability...if KBS can deliver affordable housing the bingo...we have hit a goldmine!!! http://www.contrarianinv...-a-one-stop-shop-begins

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