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Home Afrika issue FY13 Profit Warning!!!
Rank: Member Joined: 8/29/2008 Posts: 573
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dunkang wrote:patrazi wrote:(@HomeAfrika)Revenues have increased by 87% Boss, at a PER of 91 (this is the first time am seeing such a thing with my eyes), they really really have to work hard for the 3 wazua non-believers (i.e. @VVS, @Obiero and @dunkang) to believe. Are you willing to pay 91/- to make 1/-? Its upto you to decide. wazua non believers are good to us.Their sentiments keeps the share price depressed.And we buy more.
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Rank: Chief Joined: 1/3/2007 Posts: 18,356 Location: Nairobi
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Ali Baba wrote:dunkang wrote:patrazi wrote:(@HomeAfrika)Revenues have increased by 87% Boss, at a PER of 91 (this is the first time am seeing such a thing with my eyes), they really really have to work hard for the 3 wazua non-believers (i.e. @VVS, @Obiero and @dunkang) to believe. Are you willing to pay 91/- to make 1/-? Its upto you to decide. wazua non believers are good to us.Their sentiments keeps the share price depressed.And we buy more. Our apologies we cannot sell to you since we did not buy them in the first place. Perhaps HAFR at 2/- makes more sense than at 12 or 8 or 6.... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Its time we reminded ourselves of the Monkey Business story. Courtesy of miser 2011  "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: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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mwekez@ji wrote:Where is @guru267?  I'll give them a strong A for financial poetry.
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Rank: Member Joined: 8/29/2008 Posts: 573
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VituVingiSana wrote:Ali Baba wrote:dunkang wrote:patrazi wrote:(@HomeAfrika)Revenues have increased by 87% Boss, at a PER of 91 (this is the first time am seeing such a thing with my eyes), they really really have to work hard for the 3 wazua non-believers (i.e. @VVS, @Obiero and @dunkang) to believe. Are you willing to pay 91/- to make 1/-? Its upto you to decide. wazua non believers are good to us.Their sentiments keeps the share price depressed.And we buy more. Our apologies we cannot sell to you since we did not buy them in the first place. Perhaps HAFR at 2/- makes more sense than at 12 or 8 or 6.... VVS,that sounds nice,but Im feeling greedy while you guys are fearful...
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Rank: New-farer Joined: 2/8/2013 Posts: 27
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@deal thanks for CFC the insight,am alot richer. Whats your take on HomeAfrika? My uncle is a founder and has quite some experience in long term investing.Eg KCB(14yrs),Equity(since it listed),EABL(18yrs) I could go on and on. He tells me its the founders who are actually accumulating. HomeAfrika has AccessKenya written all over it. A number of projects lined up for completion in five years. He actully agrees with @guru.
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Rank: New-farer Joined: 7/18/2012 Posts: 76
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Atleast things are not as bad as I expected. Thought the share would go to below 2 bob after the warning. Current price of 5.15/= is bearable and consoling.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Vol spike today at 6.71M shares trade with VWAP @5.20. This is adding to the 8M that has traded a few weeks back. For 2014 including today the vol churn is 98M which is 24% of the 405M share float. Quite some volume exchange taking place in the GEMS market... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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I would say buy the business not the price..my case I rest
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Rank: Chief Joined: 1/3/2007 Posts: 18,356 Location: Nairobi
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Home Afrika wants to raise debt by issuing a bond. http://www.businessdaily.../-/82do6oz/-/index.html
Unlike Britam or HFCK, it will not be as easy for HAFR or as cheap as these other financially stable entities. Let's see how this goes. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Home Afrika issue FY13 Profit Warning!!!
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