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Home Afrika FY13 EPS down 29% to Kes 0.05
Rank: Member Joined: 10/7/2010 Posts: 251 Location: nairobi
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just seen the results and presentation. not so bad bearable. check i www.homeafrika.com
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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91x earningsand you say bearable, get serious... The problem seems to be the 'poison pill' non-controlling interest. Without these the P/E would be a more colourful 22.8, still exorbitant, but not outrageous. Is this non-controlling interest equivalent to hidden agendas by some members of Chamas!!! A deeper look at the balance sheet and cash flow statement makes the company appear insolvent. 
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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muganda wrote:91x earningsand you say bearable, get serious... The problem seems to be the 'poison pill' non-controlling interest. Without these the P/E would be a more colourful 22.8, still exorbitant, but not outrageous. Is this non-controlling interest equivalent to hidden agendas by some members of Chamas!!! A deeper look at the balance sheet and cash flow statement makes the company appear insolvent. The shareholders have contributed 94% of the capital but they take home only 24% of the profit The Jambazi~s (non-controling interest) contributes 6% of the capital but they take home the lions share of profit, 76%!!! #Sad for the shareholders here. Wapi shareholder @guru267?
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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There is just no way to sugar coat these results. They are terrible. But what's worse, the listing statement and the half year results were basically a fraud.
I bought some shares for my speculative portfolio when the share slipped below 5, but to be honest my analysis was based on the misrepresentations made by mgt.
Well, tomorrow I expect things to get really ugly!!!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Shillingi mbili hivi karibuni "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Member Joined: 8/14/2007 Posts: 111
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mwanahisa wrote:There is just no way to sugar coat these results. They are terrible. But what's worse, the listing statement and the half year results were basically a fraud.
I bought some shares for my speculative portfolio when the share slipped below 5, but to be honest my analysis was based on the misrepresentations made by mgt.
Well, tomorrow I expect things to get really ugly!!! I feel you mwanahisa . Some of us are still smile holding mumias at an average of 14.50 bob . Soon Home Africa will be least priced @nse .Anything above 2bob as Muchir says is a Con but <2sh I will join . Apart from 'wenyewe' getting cash through listing , shareholders have LOST. Even In The Most Severe Drought In The Jungle Lions Will Never Feed On Grass.
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Rank: Elder Joined: 6/23/2009 Posts: 13,554 Location: nairobi
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this is the best share in the nse.. no one should be left out of this buying opportunity. the share may rebound to KES 101 in next century :)
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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mwanahisa wrote:There is just no way to sugar coat these results. They are terrible. But what's worse, the listing statement and the half year results were basically a fraud.
Well, tomorrow I expect things to get really ugly!!! It was THUGGERY! Pole lakini. But it was just a matter of time, it was bound to EXPLODE. Where are you @guru267? Your silence is wanting. Your change of topics on wazua is wanting. WHERE AT THOU! Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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obiero wrote:this is the best share in the nse.. no one should be left out of this buying opportunity. the share may rebound to KES 101 in next century :) Haha hehehe our great grand children will get the money money money. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Member Joined: 1/13/2014 Posts: 386 Location: Denmark
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obiero wrote:this is the best share in the nse.. no one should be left out of this buying opportunity. the share may rebound to KES 101 in next century :)  Seeing is believing
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Rank: New-farer Joined: 9/29/2012 Posts: 79
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jawgey wrote:obiero wrote:this is the best share in the nse.. no one should be left out of this buying opportunity. the share may rebound to KES 101 in next century :)  hi The God of the day is still God in the night.
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Rank: New-farer Joined: 7/18/2012 Posts: 76
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I'll not sell. I'll be using it as an example when cautioning others against such.
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Rank: New-farer Joined: 9/29/2012 Posts: 79
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patrazi wrote:I'll not sell. I'll be using it as an example when cautioning others against such.  That is being sufficiently philantrophic The God of the day is still God in the night.
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Rank: New-farer Joined: 7/18/2012 Posts: 76
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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Richie rich wrote:patrazi wrote:I'll not sell. I'll be using it as an example when cautioning others against such. That is being sufficiently philantrophic @SufficientlyP
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Rank: New-farer Joined: 11/15/2013 Posts: 34
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Will buy the share irregardless.
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Home Afrika FY13 EPS down 29% to Kes 0.05
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