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Housing Finance: HFCK a diamond in the rough
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obiero
#1061 Posted : Friday, December 19, 2014 10:33:33 AM
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Joined: 6/23/2009
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jerry wrote:
obiero wrote:
obiero wrote:
wale walio bado ndani ya hii gari.. chungeni mfuko!!! i will explain later

The price is still way too high for this stock and with a rights issue on the way, I shall buy 100 shares at 45 or below and then wait.. Fair value ignoring all
emotions is KES 32

So my sale at 31/= early this year was ok? I needed the cash badly then!

still trading at a premium price of kes 40.. buyer beware. but we are getting close to its real price

KQ ABP 4.48; MTN ABP 5.20
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The optimist
#1062 Posted : Tuesday, January 20, 2015 7:09:35 AM
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HFCK got approval to issue the rights at a ratio of 1 for every 2 ordinary shares held priced at 30/-
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kyt
#1063 Posted : Tuesday, January 20, 2015 7:35:57 AM
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The optimist wrote:
HFCK got approval to issue the rights at a ratio of 1 for every 2 ordinary shares held priced at 30/-

when is the rights issue.
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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mlennyma
#1064 Posted : Tuesday, January 20, 2015 9:28:48 AM
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kyt wrote:
The optimist wrote:
HFCK got approval to issue the rights at a ratio of 1 for every 2 ordinary shares held priced at 30/-

when is the rights issue.

iam sure from next week we might hear their end year numbers well calculated to create enough appetite and a clear road map to the rights
"Don't let the fear of losing be greater than the excitement of winning."
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Ericsson
#1065 Posted : Tuesday, January 20, 2015 11:55:19 AM
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The offer will open on February 19 and run till March 13,
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mlennyma
#1066 Posted : Tuesday, January 20, 2015 11:59:08 AM
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Ericsson wrote:
The offer will open on February 19 and run till March 13,

the share is excited, whats the ratio or its 1:1 ??I think they created more shares than they currently have
"Don't let the fear of losing be greater than the excitement of winning."
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Ericsson
#1067 Posted : Tuesday, January 20, 2015 12:16:10 PM
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@mlenyama
1 for every 2.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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The optimist
#1068 Posted : Tuesday, January 20, 2015 12:18:30 PM
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mlennyma wrote:
Ericsson wrote:
The offer will open on February 19 and run till March 13,

the share is excited, whats the ratio or its 1:1 ??I think they created more shares than they currently have

Am unable to post an image.
view the announcement from the Business Daily here
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kyt
#1069 Posted : Tuesday, January 20, 2015 12:24:44 PM
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1:2 @mlemanyma
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mlennyma
#1070 Posted : Tuesday, January 20, 2015 12:40:02 PM
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kyt wrote:
1:2 @mlemanyma

it is possible this guys might just decide to take all money raised incase of an over subscription
"Don't let the fear of losing be greater than the excitement of winning."
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mlennyma
#1071 Posted : Tuesday, January 20, 2015 4:11:50 PM
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obiero wrote:
obiero wrote:
wale walio bado ndani ya hii gari.. chungeni mfuko!!! i will explain later

The price is still way too high for this stock and with a rights issue on the way, I shall buy 100 shares at 45 or below and then wait.. Fair value ignoring all emotions is KES 32

your dream may have been fake,on release of rights news the share touched 50 today meaning everybody is willing to be part of the rights
"Don't let the fear of losing be greater than the excitement of winning."
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Ericsson
#1072 Posted : Tuesday, January 20, 2015 5:06:23 PM
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Fair value will be around 24 after the rights issue.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mlennyma
#1073 Posted : Tuesday, January 20, 2015 5:08:43 PM
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Ericsson wrote:
Fair value will be around 24 after the rights issue.

do you imply the rights is expensive by 6 shillings?Nic and uchumi may be a lesson to learn
"Don't let the fear of losing be greater than the excitement of winning."
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instinct
#1074 Posted : Tuesday, January 20, 2015 5:47:57 PM
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Posts: 294
Corporate Finance 101: When a company doing a rights issue it is a signal that it has projects to undertake that are profitable and will increase shareholder value. on the other hand when a company pays out a huge dividend it is a signal that the company has no more projects to undertake and has no use for the cash. this is a BUY for me
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obiero
#1075 Posted : Tuesday, January 20, 2015 6:27:20 PM
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Joined: 6/23/2009
Posts: 13,975
Location: nairobi
obiero wrote:
jerry wrote:
obiero wrote:
obiero wrote:
wale walio bado ndani ya hii gari.. chungeni mfuko!!! i will explain later

The price is still way too high for this stock and with a rights issue on the way, I shall buy 100 shares at 45 or below and then wait.. Fair value ignoring all
emotions is KES 32

So my sale at 31/= early this year was ok? I needed the cash badly then!

still trading at a premium price of kes 40.. buyer beware. but we are getting close to its real price

@30, we must re-enter! thats where the value lies and since some guys bought the monkey at 45 or higher, it will be a real bargain

KQ ABP 4.48; MTN ABP 5.20
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Kausha
#1076 Posted : Tuesday, January 20, 2015 6:32:35 PM
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Joined: 2/8/2007
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Boss you will zero at 3 unless you own some. Nig shareholder likely to help themselves.
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kyt
#1077 Posted : Tuesday, January 20, 2015 7:34:40 PM
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lets wait and see, mimi nitaingia na kichwa na miguu
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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TheGeek
#1078 Posted : Tuesday, January 20, 2015 8:51:27 PM
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Joined: 7/3/2014
Posts: 245
A back of the hand calculation gives 60 bob as the breakeven point for buyers who got in today and want to exit cum rights.
How high will the price go past 60 or will it even get there ?
I guess thats how we will find out how well the rights issue will do.

In the world of securities, courage and patience become the supreme virtues after adequate knowledge and a tested judgment are at hand.
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obiero
#1079 Posted : Wednesday, January 21, 2015 7:44:46 AM
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kyt wrote:
lets wait and see, mimi nitaingia na kichwa na miguu

Iv never tried to buy traded rights. What are the odds of being able to own some via direct purchase when the rights start trading??

KQ ABP 4.48; MTN ABP 5.20
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Aguytrying
#1080 Posted : Wednesday, January 21, 2015 8:11:25 AM
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Joined: 7/11/2010
Posts: 5,040
it's a bit dilutive. post rights and even during the period of uncertainty I don't see it going below 36.00.
I'm sure the big boys will be more than happy to increase their holding from those who will lapse the rights. I'm only wondering what the allocation ratio will be coz I sold everything except 100 shares and hope to apply for extra rights
The investor's chief problem - and even his worst enemy - is likely to be himself
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