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Britam buys HFCK shares from Equity
Aguytrying
#31 Posted : Wednesday, July 02, 2014 4:43:58 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
whos complaining? shares that should rally some times do not, at times even go lower.
we'll take this one.

I can see what they are doing but are they hurting anyone?
The investor's chief problem - and even his worst enemy - is likely to be himself
obiero
#32 Posted : Wednesday, July 02, 2014 4:54:31 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
Aguytrying wrote:
whos complaining? shares that should rally some times do not, at times even go lower.
we'll take this one.

I can see what they are doing but are they hurting anyone?

Surely you know what happened with Uchumi, C&G.. In the USA the meltdown in NYSE was largely due to lack of adequate vigilance by regulators.. Its simply not healthy what the three are doing and they may catch people out

KQ ABP 4.26
streetwise
#33 Posted : Wednesday, July 02, 2014 4:57:13 PM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Simply stated the fluactions are not due to creation of value or lack of but simple shifting omney from one hand to the other and making noise about it..
innovator
#34 Posted : Wednesday, July 02, 2014 6:15:17 PM
Rank: Member

Joined: 7/24/2010
Posts: 239
Location: nairobi
Another suspect is centum. Pumping without getting tired/exhausted.
Kausha
#35 Posted : Wednesday, July 02, 2014 6:15:53 PM
Rank: Member

Joined: 2/8/2007
Posts: 808
Seriously we surely don't believe Britam wants to own 46% of HF as a portfolio holding to just earn dividend do we. Secondly I am just wondering what price did Britam and Equity agree to do the trade at. This sometimes can be a fools market.
guru267
#36 Posted : Wednesday, July 02, 2014 6:53:56 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Kenyans amaze me!!

Instead of following the money They sit there at home crying foul for every little thing!

Then 10 years later they will be scrambling to buy HFCK at 300 bob as Britam exits! Laughing out loudly

How do you help such??

Or you think Britam is buying because they are idiots over there??

Mark 12:29
Deuteronomy 4:16
Tall Order
#37 Posted : Wednesday, July 02, 2014 7:59:38 PM
Rank: Member

Joined: 5/9/2014
Posts: 130
Location: Nairobi
I missed this bus especially HFCK, regrets but I suppose lesson learnt. Rights issue clouded my decision making. I thought if I missed one, I could have jumped on another, I had HFCK, and TPS Serena (TPS - Insecurity) on my radar with, Member and Simba in distant view. Now stuck chasing Member but can't pull the buy through because of huge demand.
whiteowl
#38 Posted : Thursday, July 03, 2014 12:09:48 AM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
Guys,let the conspiracy be. If you're in any of the 3 buses lets enjoy the ride. The rest jump in or wave good bye as we disappear in the horizon. The only guys that would scare me if they came to town are the flash boys!
Ericsson
#39 Posted : Thursday, July 03, 2014 6:41:12 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Guys equity bank is selling the housing finance stake to britam to raise money for equitel which is the mobile phone business.
There is nothing spectacular going on.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Kausha
#40 Posted : Thursday, July 03, 2014 8:29:02 AM
Rank: Member

Joined: 2/8/2007
Posts: 808
@Erickson you are very asleep. Equity doesn't need much money to do the mobile business. They will not be selling calling minutes only sms to their banking network.

Look at this deal from the Britam end and you will see what is happening. I am amazed how only a few seem to see what is happening. Anyways ketini hapo hapo na muketi na amani na umoja as baba Moi would often tell us.

See you in 2 years when HF is 200bob plus.
obiero
#41 Posted : Thursday, July 03, 2014 8:55:34 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
hata hfck, equity au britam zifike 1000 bob na uko na 100 shares only.. hata tuktuk bado hutaweza nunua. the real beneficiaries here are the big mboys. nevertheless, I am happy for those who are already in

KQ ABP 4.26
mlennyma
#42 Posted : Thursday, July 03, 2014 9:17:04 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
With our dirty politics there will be good entry points every now and then.but for now the market seems used to political noise until politics are taken a notch highier.
"Don't let the fear of losing be greater than the excitement of winning."
VituVingiSana
#43 Posted : Thursday, July 03, 2014 9:43:45 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,342
Location: Nairobi
Kausha wrote:
@Erickson you are very asleep. Equity doesn't need much money to do the mobile business. They will not be selling calling minutes only sms to their banking network.

Look at this deal from the Britam end and you will see what is happening. I am amazed how only a few seem to see what is happening. Anyways ketini hapo hapo na muketi na amani na umoja as baba Moi would often tell us.

See you in 2 years when HF is 200bob plus.
On this one, I think you have lost your usual sense of rationality Laughing out loudly Laughing out loudly Laughing out loudly

Whereas HFCK lags other banks in PER & PB... 200 in 2 years? Wow! I sold out for now but I will be back... at a lower price once things settle down. I like the management.

Please do share your views. What am I not seeing?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Aguytrying
#44 Posted : Thursday, July 03, 2014 12:13:27 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
VituVingiSana wrote:
Kausha wrote:
@Erickson you are very asleep. Equity doesn't need much money to do the mobile business. They will not be selling calling minutes only sms to their banking network.

Look at this deal from the Britam end and you will see what is happening. I am amazed how only a few seem to see what is happening. Anyways ketini hapo hapo na muketi na amani na umoja as baba Moi would often tell us.

See you in 2 years when HF is 200bob plus.
On this one, I think you have lost your usual sense of rationality Laughing out loudly Laughing out loudly Laughing out loudly

Whereas HFCK lags other banks in PER & PB... 200 in 2 years? Wow! I sold out for now but I will be back... at a lower price once things settle down. I like the management.

Please do share your views. What am I not seeing?


Why would Britam want 46% when they already have 21%? More board room control and decision making power? NO. I think they wanna buy the damn whole thing out in the near to medium term!

A case study is Pan Africa insurance, We know what happened when Sanalam started buying.

But im not so concerned about this. HFCK is paying me amazing dividend yeild, the company is growing at a very impressive rate. Even minus britam buying it out, 100.00 in the next 3 years is my target. I said this some time last year and @Obiero told me i must be smoking the good stuff. If the growth of profits continues then its only a matter of time for the EPS to catch and even leave the current price.

@VVS That is called speculating smile. Nothing hurts a value investor more than watching a targeted share leave you behind. But from where where you bought it makes sense, coz we may go back there (30's) in the not so distant future. this is clearly an overshoot, when the excitement dies the price will stabilize downwards.
The investor's chief problem - and even his worst enemy - is likely to be himself
dunkang
#45 Posted : Thursday, July 03, 2014 5:32:14 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
Receive with simplicity everything that happens to you.” ― Rashi

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