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Housing Finance: HFCK a diamond in the rough
Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Horton wrote:mwekez@ji wrote:Horton wrote:... The new land laws, in my view is positive and not detrimental to the business ... How are the new Land Laws positive for the business? if implemented properly, these will cut out lots of red tape, no doubt the spousal approval and landlord rights might impact negatively on banks and landlords respectively.... The new Land Laws have introduced a load of tough processes for banks inorder to protect the customers interest in the property. I do not therefore understand you. Maybe you can point out the specific processes that were detrimental to banks and will now be eliminated by the new land laws
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Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
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Opportunity still beckons at sub 30. for discerning investors. Watch it for 9 to 12 months, the value added will be salutiry. Not less than 60% if it maintains the current trend. The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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@ Mwez@ji. Have u read it? Please do!
For one, less red tape, if u have a mortgage with one institution and u want to move to another, you don't have to pay stamp duty again as it was in the past!
Also, banks just need a signed charge and title instead of going thru the whole registration process. Saving financial institutions time and money. This saves a lot of money and time for borrowers like myself. Infact, it has given me a motive to get another mortgage.....
It has also streamlined the process of dealing with defaulters. Before that, there was no clear cut procedure and defaulters, whatever their circumstances were, were at the mercy of the banks!
There are some issues with it especially for defaulters and the spouse consent required.
Please read it for yourself.
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Rank: Chief Joined: 1/3/2007 Posts: 18,107 Location: Nairobi
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Despite all the negatives, I like HFCK coz of the takeover potential by Equity/Britam. And it is inching up towards 28. Slowly. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Good demand above 26 is a good sign of a new resistance level to be created soon. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 1/3/2007 Posts: 18,107 Location: Nairobi
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27 and climbing. Current data from MyStocks. Look at the trades & demand building up. HFCK 26.75 27.50 0.75 2.80% 27.50 27.25 37,100 6 1.02M 9.97% 10:21:26 normal BIDS 582,700 Quantity Price Splits Time 305,000 27.25 2 10:21:26 60,200 27.00 6 10:21:26 6,600 26.75 3 10:21:26 90,800 26.50 11 10:21:26 100,600 26.25 4 10:21:26 ASKS 216,700 Quantity Price Splits Time 12,500 27.50 1 10:21:26 83,200 27.75 2 10:21:26 105,200 28.00 6 10:21:26 15,800 29.00 2 10:21:26 - - - - TRADES Quantity Price Time 1,800 27.50 10:09:32 1,900 27.50 10:08:29 2,800 27.50 10:08:29 29,100 27.50 10:07:57 1,000 27.50 10:07:57 Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Horton wrote:@ Mwez@ji. Have u read it? Please do!
For one, less red tape, if u have a mortgage with one institution and u want to move to another, you don't have to pay stamp duty again as it was in the past!
Also, banks just need a signed charge and title instead of going thru the whole registration process. Saving financial institutions time and money. This saves a lot of money and time for borrowers like myself. Infact, it has given me a motive to get another mortgage.....
@Horton, have you really read the Land Act coz that is not in the Land Act. The process stands, if your loan is taken over by another bank, the mortgage has to be discharged from the bank then another mortgage is drawn and registered in favour of the new banker and you have to pay the stamp duty again and take the whole load of time it takes.
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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mlennyma wrote:Good demand above 26 is a good sign of a new resistance level to be created soon. Patience really pays!!! The opposite of courage is not cowardice, it's conformity.
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Traded close to 1m shares today!
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Horton wrote:Traded close to 1m shares today! by the time the 20b has been disbursed as mortgages. we should be very far from current price The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Aguytrying wrote:Horton wrote:Traded close to 1m shares today! by the time the 20b has been disbursed as mortgages. we should be very far from current price @Aguytrying the 20B will be used by the property development arm to develop housing units, commercial and hotel space all of which will be available for mortgage under housing Finance... Solid full proof plan if you asked me!  Mark 12:29
Deuteronomy 4:16
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Rank: Member Joined: 9/14/2011 Posts: 834 Location: nairobi
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At what rate are they borrowing the sh 20B?
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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heri wrote:At what rate are they borrowing the sh 20B? Not clear yet. The opposite of courage is not cowardice, it's conformity.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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guru267 wrote:Aguytrying wrote:Horton wrote:Traded close to 1m shares today! by the time the 20b has been disbursed as mortgages. we should be very far from current price @Aguytrying the 20B will be used by the property development arm to develop housing units, commercial and hotel space all of which will be available for mortgage under housing Finance... Solid full proof plan if you asked me! awesome. they can sell the property or mortgage it or rent. but likely sell/mortgage The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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While i was away,the diamond printed a new years high...the management has been very disciplined by not allowing dilution by rights. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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mlennyma wrote:While i was away,the diamond printed a new years high...the management has been very disciplined by not allowing dilution by rights. Now 28.00 is beneath our feet. 30.00 is only a matter of time The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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A high of 29.75 on good volumes....supply at the moment 2700 shares @30
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Where is obiero to watch the video at 30bob today? "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Sellers are waking up "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 6/23/2009 Posts: 13,520 Location: nairobi
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mlennyma wrote:Where is obiero to watch the video at 30bob today? I peeped at it today. Proud of my child.. I have never called it a bad stock. I just moved to other counters namely KQ, COOP & BoK
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Housing Finance: HFCK a diamond in the rough
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