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HFCK 1H 2013 PBT jumps 60 pct. Interim Dividend KES 0.75.
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the deal
#31 Posted : Thursday, July 18, 2013 11:49:15 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Just had a closer look at the results...Q on Q the results are not great...loan book growth still poor. Our capital position has deteriorated...which means a rights issue could be upon us...H1 2012 was very poor hence not a good base to compare...lets see what happens in H2 2013...management is bullish that things will pick up on the sales front in H2 2013...overall they should have not paid the dividend...we need the money to support the companys long term objectives....for now we celebrate but there are red flags....lets see how the stock perfoms tomorrow...if Ksh35 comes and CFC is still at Ksh66 I will make a switch smile
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  | | Edit by user: Thursday, July 18, 2013 11:52 PM | Reason: Not specified
guru267
#32 Posted : Friday, July 19, 2013 2:49:37 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
HFCK shows time and again that you do not have to be mean with dividends to maintain splendid growth!!
Mark 12:29
Deuteronomy 4:16
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mwekez@ji
#33 Posted : Friday, July 19, 2013 10:33:50 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Rich wrote:
Strong Results. The Implied Forward PE looks really very compelling. The Interim Dividend will keep the share juiced for Traction and is worth 2.8846% of Yield.

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mwekez@ji
#34 Posted : Friday, July 19, 2013 10:35:58 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
youcan'tstopusnow wrote:
Housing Finance's non-performing loan book more than doubled to 2.3 billion shillings from 1.02 billion, which Ireri attributed to changes in the land law on debt recovery. Its loan book grew to 32.4 billion shillings.

I remember VVS had a whole topic on this issue. Mzee aliona mbele kweli...
smile
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mwekez@ji
#35 Posted : Friday, July 19, 2013 10:39:40 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
the deal wrote:
...lets see what happens in H2 2013...management is bullish that things will pick up on the sales front in H2 2013...overall they should have not paid the dividend...we need the money to support the companys long term objectives....for now we celebrate but there are red flags....lets see how the stock perfoms ...smile
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ngapat
#36 Posted : Friday, July 19, 2013 10:40:39 AM
Rank: Veteran

Joined: 12/11/2006
Posts: 930
shs27 resistance taken
“Invest in yourself. Your career is the engine of your wealth.”
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the deal
#37 Posted : Friday, July 19, 2013 1:59:17 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Counter is moving volumes today...looks like someone was waiting for this figures...before making an exit.
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mlennyma
#38 Posted : Friday, July 19, 2013 2:20:54 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Moving over 1m shares at 27 is a big plus for hfck and supply is bound to dry before books close...meanwhile drama is beginning to unfold in co-operative bank counter.
"Don't let the fear of losing be greater than the excitement of winning."
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VituVingiSana
#39 Posted : Friday, July 19, 2013 4:42:36 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
mwekez@ji wrote:
youcan'tstopusnow wrote:
Housing Finance's non-performing loan book more than doubled to 2.3 billion shillings from 1.02 billion, which Ireri attributed to changes in the land law on debt recovery. Its loan book grew to 32.4 billion shillings.

I remember VVS had a whole topic on this issue. Mzee aliona mbele kweli...
smile

@youcant LOL... Asante. I wish I had seen as far in KK. That said, perhaps I should switch my 1 HFCK for 3 KK?

I have become very wary of government diktats or biz-hating courts. See KPLC after ruto unilaterally screwed over KPLC. Or even KQ with the potential VAT increases & the fight to retain unproductive staff. Or KK with the problems at KPRL/KPC stemming from shortages of ullage to other problems.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  | | Edit by user: Friday, July 19, 2013 4:45 PM | Reason: Not specified
mwekez@ji
#40 Posted : Friday, July 19, 2013 6:08:59 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
mlennyma wrote:
Moving over 1m shares at 27 is a big plus for hfck and supply is bound to dry before books close....


... foreigners were on the buying side of counter picking 59% of the shares. Todays volume is noted to be more than six times the three-month daily average of shares traded. Good day this!!!
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