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Home Afrika HY15 PAT sinks into Ksh. 118Mn Abyss
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Pesa Nane
#1 Posted : Thursday, August 27, 2015 4:35:29 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Another Profit Warning PAP!

Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#2 Posted : Thursday, August 27, 2015 4:42:00 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Quote:
The directors do not recommend a dividend for the period ending 30th June 2015

Njoroge Ng’ang’a
Chief Executive Officer
27th August, 2015


Laughing out loudly Laughing out loudly Laughing out loudly
Pesa Nane plans to be shilingi when he grows up.
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dunkang
#3 Posted : Thursday, August 27, 2015 4:59:29 PM
Rank: Elder


Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
HAHAHA. Iko nini Migaa na Lake View?

Next stop should be 0.5/-.
Receive with simplicity everything that happens to you.” ― Rashi

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mwekez@ji
#4 Posted : Thursday, August 27, 2015 5:39:27 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
Total shame on this one for recording gross loss!
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mwekez@ji
#5 Posted : Thursday, August 27, 2015 5:48:23 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
Is @guru267 still in this?
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kaka2za
#6 Posted : Thursday, August 27, 2015 6:14:44 PM
Rank: Elder


Joined: 10/3/2008
Posts: 4,057
Location: Gwitu
And these guys listed the shares @ 12/=
This is outright fraud and somebody should be in jail!
Truth forever on the scaffold
Wrong forever on the throne
(James Russell Rowell)
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hisah
#7 Posted : Thursday, August 27, 2015 6:23:56 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
HAFR and HFCK the proxies for real estate winds of change as the asset class cycle flips. A time is coming when it'll be long equities and short real estate.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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heri
#8 Posted : Thursday, August 27, 2015 6:36:31 PM
Rank: Member


Joined: 9/14/2011
Posts: 834
Location: nairobi
hisah wrote:
HAFR and HFCK the proxies for real estate winds of change as the asset class cycle flips. A time is coming when it'll be long equities and short real estate.
@hisah please expound on this. Am lost here and i have to know if my HF investment is safe
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hisah
#9 Posted : Thursday, August 27, 2015 6:39:55 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
heri wrote:
hisah wrote:
HAFR and HFCK the proxies for real estate winds of change as the asset class cycle flips. A time is coming when it'll be long equities and short real estate.
@hisah please expound on this. Am lost here and i have to know if my HF investment is safe

In the next money minting cycle, I expect equities to outperform real estate by a large factor. Around 4:1. Real estate has boomed more than equities for more than a decade, but that makes pricing houses and land very expensive. A slow down is expected. Thus the next asset class rotation will favour stocks than real estate.

Parliament cuts tax on sale of shares should also boost equities vs real estate. Real estate capital gains tax is much higher and landlords are also cornered.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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itz
#10 Posted : Thursday, August 27, 2015 7:12:58 PM
Rank: Member


Joined: 3/20/2009
Posts: 348
hisah wrote:
heri wrote:
hisah wrote:
HAFR and HFCK the proxies for real estate winds of change as the asset class cycle flips. A time is coming when it'll be long equities and short real estate.
@hisah please expound on this. Am lost here and i have to know if my HF investment is safe

In the next money minting cycle, I expect equities to outperform real estate by a large factor. Around 4:1. Real estate has boomed more than equities for more than a decade, but that makes pricing houses and land very expensive. A slow down is expected. Thus the next asset class rotation will favour stocks than real estate.

Parliament cuts tax on sale of shares And this should also boost equities vs real estate. Real estate capital gains tax is much higher and landlords are also cornered.


Agreed.Medium to long term equities will outperform real estate in general.The only location that i think could outperform equities is nairobi prime real estate like upperhill and westlands and parts of cbd.Those areas are setting up like a mini Newyork because of many service companies and GOK being concentrated in one place.
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Othelo
#11 Posted : Thursday, August 27, 2015 7:32:54 PM
Rank: User


Joined: 1/20/2014
Posts: 3,528
kaka2za wrote:
And these guys listed the shares @ 12/=
This is outright fraud and somebody should be in jail!

Went mpaka 25bob smile
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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sparkly
#12 Posted : Thursday, August 27, 2015 10:51:07 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Othelo wrote:
kaka2za wrote:
And these guys listed the shares @ 12/=
This is outright fraud and somebody should be in jail!

Went mpaka 25bob smile

@the deal valued it at 12 Laughing out loudly
Life is short. Live passionately.
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obiero
#13 Posted : Friday, August 28, 2015 7:07:20 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,551
Location: nairobi
Othelo wrote:
kaka2za wrote:
And these guys listed the shares @ 12/=
This is outright fraud and somebody should be in jail!

Went mpaka 25bob smile

Guru is the majority shareholder owner of Home Afrika

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Gatheuzi
#14 Posted : Friday, August 28, 2015 7:25:53 AM
Rank: Veteran


Joined: 8/16/2009
Posts: 994
mwekez@ji wrote:
Total shame on this one for recording gross loss!

This is a first one to me too. One can be forgiven for reporting a net loss but just how do you sell at less than your cost! They should have just let the houses remain unsold and report them as inventories. This time round even the minorities got shafted, no profit to them too.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Aguytrying
#15 Posted : Friday, August 28, 2015 8:51:04 AM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
hisah wrote:
HAFR and HFCK the proxies for real estate winds of change as the asset class cycle flips. A time is coming when it'll be long equities and short real estate.


Yet people were complaining that that the hfck building society has only 25% net return.

This company is very fishy. With all the praise that real estate gets as being a money maker, even turning a profit is a problem. I suspect the major investors left the shell to invest in the NSE when they bailed
The investor's chief problem - and even his worst enemy - is likely to be himself
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mlennyma
#16 Posted : Friday, August 28, 2015 10:39:59 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
This pple are capital hungry and nobody trusts them,I won't be surprised if the recent 500m financing they got becomes un- manageable
"Don't let the fear of losing be greater than the excitement of winning."
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iris
#17 Posted : Friday, August 28, 2015 11:12:17 AM
Rank: Member


Joined: 9/11/2014
Posts: 228
Location: Nairobi
Del
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the deal
#18 Posted : Friday, August 28, 2015 11:18:39 AM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
sparkly wrote:
Othelo wrote:
kaka2za wrote:
And these guys listed the shares @ 12/=
This is outright fraud and somebody should be in jail!

Went mpaka 25bob smile

@the deal valued it at 12 Laughing out loudly

Shame on you Shame on you Laughing out loudly Laughing out loudly

1. The valuation was based on cooked financial figures...which they admitted.
2. If it wasn't for my crusade against this company...most of you would have bought at Ksh25...my sell rating was well publicised by the media.
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hisah
#19 Posted : Friday, August 28, 2015 12:58:30 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Volume trades so far 2M. Vol spikes in this counter have been tanking the price since topping out in Aug 2014. It's Aug season again and this time the results as very sour. Sit tight!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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dunkang
#20 Posted : Friday, August 28, 2015 2:13:36 PM
Rank: Elder


Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
HAHAHAHA. Yaani the property market is this squeezed.
Receive with simplicity everything that happens to you.” ― Rashi

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