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Housing Finance: HFCK a diamond in the rough
Rank: Veteran Joined: 1/3/2014 Posts: 1,063
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obiero wrote:PeterReborn wrote:On the itrader,what does the below mean for the HFCK Rights?  Someone wants about 80,000 at 35 but seller is quoting 39 Thanks.This makes sense.With the dilution of the shares what will be the price after the rights? Would you rather buy the additional rights right now @35 or wait for the rights to be included later? The share could trade at below 30 after the rights. Consistency is better than intensity
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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PeterReborn wrote:obiero wrote:PeterReborn wrote:On the itrader,what does the below mean for the HFCK Rights? Someone wants about 80,000 at 35 but seller is quoting 39 Thanks.This makes sense.With the dilution of the shares what will be the price after the rights? Would you rather buy the additional rights right now @35 or wait for the rights to be included later? The share could trade at below 30 after the rights. with britam holding almost 50% I expect limited price volatility after rights "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: 14,275 Location: nairobi
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mlennyma wrote:PeterReborn wrote:obiero wrote:PeterReborn wrote:On the itrader,what does the below mean for the HFCK Rights? Someone wants about 80,000 at 35 but seller is quoting 39 Thanks.This makes sense.With the dilution of the shares what will be the price after the rights? Would you rather buy the additional rights right now @35 or wait for the rights to be included later? The share could trade at below 30 after the rights. with britam holding almost 50% I expect limited price volatility after rights Simple mathematical ratios dictate that the HFCK price should not fall below KES 38 upon success in this rights issue.. Whereby success is almost more than guaranteed COOP, IMH, KEGN, KQ, MTNU
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Rank: Member Joined: 6/14/2010 Posts: 521 Location: Nairobi
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obiero wrote:mlennyma wrote:PeterReborn wrote:obiero wrote:PeterReborn wrote:On the itrader,what does the below mean for the HFCK Rights? Someone wants about 80,000 at 35 but seller is quoting 39 Thanks.This makes sense.With the dilution of the shares what will be the price after the rights? Would you rather buy the additional rights right now @35 or wait for the rights to be included later? The share could trade at below 30 after the rights. with britam holding almost 50% I expect limited price volatility after rights Simple mathematical ratios dictate that the HFCK price should not fall below KES 38 upon success in this rights issue.. Whereby success is almost more than guaranteed @Obiero share the simple math here.
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Rank: Elder Joined: 6/23/2009 Posts: 14,275 Location: nairobi
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The optimist wrote:obiero wrote:mlennyma wrote:PeterReborn wrote:obiero wrote:PeterReborn wrote:On the itrader,what does the below mean for the HFCK Rights? Someone wants about 80,000 at 35 but seller is quoting 39 Thanks.This makes sense.With the dilution of the shares what will be the price after the rights? Would you rather buy the additional rights right now @35 or wait for the rights to be included later? The share could trade at below 30 after the rights. with britam holding almost 50% I expect limited price volatility after rights Simple mathematical ratios dictate that the HFCK price should not fall below KES 38 upon success in this rights issue.. Whereby success is almost more than guaranteed @Obiero share the simple math here. The share ran upto KES 56.50 prior to rights announcement. This means if one had 200 shares they would be worth 11,300, when adjusted to 300 shares post-rights this equates to KES 37.6 per share.. COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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obiero wrote:The optimist wrote:obiero wrote:mlennyma wrote:PeterReborn wrote:obiero wrote:PeterReborn wrote:On the itrader,what does the below mean for the HFCK Rights? Someone wants about 80,000 at 35 but seller is quoting 39 Thanks.This makes sense.With the dilution of the shares what will be the price after the rights? Would you rather buy the additional rights right now @35 or wait for the rights to be included later? The share could trade at below 30 after the rights. with britam holding almost 50% I expect limited price volatility after rights Simple mathematical ratios dictate that the HFCK price should not fall below KES 38 upon success in this rights issue.. Whereby success is almost more than guaranteed @Obiero share the simple math here. The share ran upto KES 56.50 prior to rights announcement. This means if one had 200 shares they would be worth 11,300, when adjusted to 300 shares post-rights this equates to KES 37.6 per share.. @Obiero, surely?! Do you mean the 100 extra shares are FREE???? It is NOT a BONUS, it is a RIGHTS issue @Ksh. 30 per share.  Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 6/23/2009 Posts: 14,275 Location: nairobi
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Pesa Nane wrote:obiero wrote:The optimist wrote:obiero wrote:mlennyma wrote:PeterReborn wrote:obiero wrote:PeterReborn wrote:On the itrader,what does the below mean for the HFCK Rights? Someone wants about 80,000 at 35 but seller is quoting 39 Thanks.This makes sense.With the dilution of the shares what will be the price after the rights? Would you rather buy the additional rights right now @35 or wait for the rights to be included later? The share could trade at below 30 after the rights. with britam holding almost 50% I expect limited price volatility after rights Simple mathematical ratios dictate that the HFCK price should not fall below KES 38 upon success in this rights issue.. Whereby success is almost more than guaranteed @Obiero share the simple math here. The share ran upto KES 56.50 prior to rights announcement. This means if one had 200 shares they would be worth 11,300, when adjusted to 300 shares post-rights this equates to KES 37.6 per share.. @Obiero, surely?! Do you mean the 100 extra shares are FREE???? It is NOT a BONUS, it is a RIGHTS issue @Ksh. 30 per share. My good friend. It is an assumption/adjustment :) COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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the current hfck share price of 38-40 has already factored in the post rights shares. so going below 38 is note likely. however the increased liquidity if in favour of selling could push it below 38. 30.00 is highly unlikely unless we have a market crash. if current market valuations persist we won't see 30.00 soon. but please note, the share is fairly priced in at 30.00. anything above that is a bonus @obiero. you had said hfck won't go above 30.00 and now are happily buying at equivalent of >50.00. usijali, just don't start shouting from outside the bus next time u alight The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 6/23/2009 Posts: 14,275 Location: nairobi
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Aguytrying wrote:the current hfck share price of 38-40 has already factored in the post rights shares. so going below 38 is note likely. however the increased liquidity if in favour of selling could push it below 38. 30.00 is highly unlikely unless we have a market crash. if current market valuations persist we won't see 30.00 soon. but please note, the share is fairly priced in at 30.00. anything above that is a bonus
@obiero. you had said hfck won't go above 30.00 and now are happily buying at equivalent of >50.00. usijali, just don't start shouting from outside the bus next time u alight @aguy manze I thought nimefika stage yangu lakini nikarealise I was meant to alight further ahead. makanga ameitisha more fare and I just have to comply.. makosa ilifanyika :) COOP, IMH, KEGN, KQ, MTNU
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Rank: Member Joined: 7/3/2014 Posts: 245
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mwekez@ji wrote:Aguytrying wrote:PeterReborn wrote:On the itrader,what does the below mean for the HFCK Rights? Your picture looks like market close. trading range today was between 6.05-6.90 Indeed. That was not the picture during trading hours. Last trade was at 6.35 Monday is the last day of trading in rights so i expect the last minute bidder to drive up the price bus has left the station @8.8 ask then i logged off to come back and find trades happened at 5.10 in trading injury time. 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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