Wazua
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Housing Finance Q1 2013 PAT up 46%
Rank: Chief Joined: 5/31/2011 Posts: 5,121
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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  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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Rank: Elder Joined: 6/23/2009 Posts: 14,251 Location: nairobi
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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 :)
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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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!  Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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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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Housing Finance Q1 2013 PAT up 46%
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