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Housing Finance: HFCK a diamond in the rough
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Aguytrying
#711 Posted : Friday, November 01, 2013 8:57:53 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
now here is a company that u can see what they have done with the previous bond money. and the fact they are borrowing. means 20 b more worth of assets which if they grow at the current pace will better increased earnings in the next say five years.

a crazy pe will be attached to this company in the next few years, wait and see ppl.
The investor's chief problem - and even his worst enemy - is likely to be himself
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obiero
#712 Posted : Friday, November 01, 2013 9:53:17 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,288
Location: nairobi
Aguytrying wrote:
obiero wrote:
Metasploit wrote:
Weak demand(Even with good results).Touch resistance at 27-28 level.


Expect KES 25 to be revisited as bigger players announce 'worthy' results.. Though growing, HF is not at full potential. Not even close.. Ireri has tried, but needs to do more


@Obiero.
Don't be surprised to see HFCK back to 26.00-25.00, some times the market takes time to appreciate value generation.

Ireri is doing a fantastic job and will still do more, how many other companies in the NSe can boast of 50% plus growth for 3 years ? Yes he can do more, and he will do more. What more can you ask of a CEO, look at his track record in numbers...

HFCK PBT (millions)

2006- 127
2007- 131
2008- 196
2009- 354
2010- 560
2011- 975
2012- 907
2013- 1.3 billion (prediction, with estimate 50% growth)

what more do want form this man. That's 10 times growth in earnings over 8 yrs.

Please. Hii mtu haikuwa HFCK 2006-2009. Come clean.. Hata mimi nikipewa HFCK nitaipandisha PBT. Housing demand in Kenya is insatiable
COOP, IMH, KEGN, KQ, MTNU
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Aguytrying
#713 Posted : Saturday, November 02, 2013 7:07:49 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
obiero wrote:
Aguytrying wrote:
obiero wrote:
Metasploit wrote:
Weak demand(Even with good results).Touch resistance at 27-28 level.


Expect KES 25 to be revisited as bigger players announce 'worthy' results.. Though growing, HF is not at full potential. Not even close.. Ireri has tried, but needs to do more


@Obiero.
Don't be surprised to see HFCK back to 26.00-25.00, some times the market takes time to appreciate value generation.

Ireri is doing a fantastic job and will still do more, how many other companies in the NSe can boast of 50% plus growth for 3 years ? Yes he can do more, and he will do more. What more can you ask of a CEO, look at his track record in numbers...

HFCK PBT (millions)

2006- 127
2007- 131
2008- 196
2009- 354
2010- 560
2011- 975
2012- 907
2013- 1.3 billion (prediction, with estimate 50% growth)

what more do want form this man. That's 10 times growth in earnings over 8 yrs.

Please. Hii mtu haikuwa HFCK 2006-2009. Come clean.. Hata mimi nikipewa HFCK nitaipandisha PBT. Housing demand in Kenya is insatiable


yes he was. he was appointed in July 2006. download 2006 annual report and see for yourself.
www.housing.co.ke/index....re-price-a-annual-report
The investor's chief problem - and even his worst enemy - is likely to be himself
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Aguytrying
#714 Posted : Saturday, November 02, 2013 7:19:29 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
CAGR from 2006-2011 is 41%!!! extrapolate this from 2012 to 2016, since housing demand mismatch and the pbt of 2016 could be. 5.2 billion if 975m is your base.
gives eps of 22.75.
value with pe of 12. target is 273.00.
.....a ten bagger ceteris paribus esp CAGR.
The investor's chief problem - and even his worst enemy - is likely to be himself
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sparkly
#715 Posted : Saturday, November 02, 2013 10:55:31 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Aguytrying wrote:
CAGR from 2006-2011 is 41%!!! extrapolate this from 2012 to 2016, since housing demand mismatch and the pbt of 2016 could be. 5.2 billion if 975m is your base.
gives eps of 22.75.
value with pe of 12. target is 273.00.
.....a ten bagger ceteris paribus esp CAGR.

Possible, ceteris paribus
Life is short. Live passionately.
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guru267
#716 Posted : Saturday, November 02, 2013 7:39:13 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Aguytrying wrote:
CAGR from 2006-2011 is 41%!!! extrapolate this from 2012 to 2016, since housing demand mismatch and the pbt of 2016 could be. 5.2 billion if 975m is your base.
gives eps of 22.75.
value with pe of 12. target is 273.00.
.....a ten bagger ceteris paribus esp CAGR.


Too bad some 'investors' on this forum are to short sighted.. Sad
Mark 12:29
Deuteronomy 4:16
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VituVingiSana
#717 Posted : Sunday, November 03, 2013 12:02:52 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,366
Location: Nairobi
Horton wrote:
Obiero so KCBs miss is what ur talking about? Which other company is at a pe of 8, NAV very close to the market price, growing at a consistent 40%+ ? I personally hope it stagnates. Need to jaza proper!
PB = Price/NAV ... So, what is the PB? How 'close' is the PB to NAV?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Horton
#718 Posted : Sunday, November 03, 2013 12:40:20 AM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
NAV ios ~ 22 so pb 1.22
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  | | Edit by user: Sunday, November 03, 2013 12:42 AM | Reason: Not specified
VituVingiSana
#719 Posted : Sunday, November 03, 2013 8:53:45 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,366
Location: Nairobi
Horton wrote:
NAV ios ~ 22 so pb 1.22
Oops! I thought you were referring to KCB... On HFCK, yes!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Horton
#720 Posted : Sunday, November 03, 2013 10:15:28 AM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Yep sorry. Egrish!!! Yep referring to HF

Me thinks eps should be 4bob so at 10-15pe prices should be 40-60bob come April. What u reckon?
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  | | Edit by user: Sunday, November 03, 2013 10:16 AM | Reason: Not specified
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