Wazua
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HF Group Q1 2016 PAT up 47.7%
Rank: Member Joined: 12/11/2006 Posts: 884
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If this does not exite the market, i'll quit stocks http://www.businessdaily.../-/67i1v9z/-/index.html
 “Invest in yourself. Your career is the engine of your wealth.”
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Rank: Veteran Joined: 8/10/2014 Posts: 977 Location: Kenya
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Rank: Elder Joined: 6/23/2009 Posts: 13,547 Location: nairobi
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Provisions
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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Here is the position on loan loss provisioning. Business Daily wrote:HF’s loan loss provisions dropped by Sh7.8 million to Sh136.8 million despite the gross bad loans rising by Sh105.8 million to Sh327.4 million.
The company, however, says it expects some of the non-performing loans to be paid off later this year. 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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Rank: Member Joined: 8/17/2007 Posts: 294
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Im not selling this stock.
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Rank: Member Joined: 10/26/2015 Posts: 151
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Gatheuzi wrote:Here is the position on loan loss provisioning. Business Daily wrote:HF’s loan loss provisions dropped by Sh7.8 million to Sh136.8 million despite the gross bad loans rising by Sh105.8 million to Sh327.4 million.
The company, however, says it expects some of the non-performing loans to be paid off later this year. So they reduced the LLP on the premise of hope 
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Rank: Member Joined: 8/17/2007 Posts: 294
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MadDoc wrote:Gatheuzi wrote:Here is the position on loan loss provisioning. Business Daily wrote:HF’s loan loss provisions dropped by Sh7.8 million to Sh136.8 million despite the gross bad loans rising by Sh105.8 million to Sh327.4 million.
The company, however, says it expects some of the non-performing loans to be paid off later this year. So they reduced the LLP on the premise of hope Its expectation not hope...there's a difference 
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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@ngapat be careful you might just be forced to eat your words... possunt quia posse videntur
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Britam recovery starts here. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Member Joined: 10/26/2015 Posts: 151
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instinct wrote:MadDoc wrote:Gatheuzi wrote:Here is the position on loan loss provisioning. Business Daily wrote:HF’s loan loss provisions dropped by Sh7.8 million to Sh136.8 million despite the gross bad loans rising by Sh105.8 million to Sh327.4 million.
The company, however, says it expects some of the non-performing loans to be paid off later this year. So they reduced the LLP on the premise of hope Its expectation not hope...there's a difference Hope, expectation.. They really should have allocated more to the LLPs
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Rank: Member Joined: 8/17/2007 Posts: 294
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MadDoc wrote:instinct wrote:MadDoc wrote:Gatheuzi wrote:Here is the position on loan loss provisioning. Business Daily wrote:HF’s loan loss provisions dropped by Sh7.8 million to Sh136.8 million despite the gross bad loans rising by Sh105.8 million to Sh327.4 million.
The company, however, says it expects some of the non-performing loans to be paid off later this year. So they reduced the LLP on the premise of hope Its expectation not hope...there's a difference Hope, expectation.. They really should have allocated more to the LLPs I would imagine that their LLP is much lower than industry average since majority of their loans are mortgages and therefore secured
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Hmmm....in an industry where most top players are struggling... Too many cooks around... Business opportunities are like buses,there's always another one coming
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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KulaRaha wrote:Hmmm....in an industry where most top players are struggling...
Too many cooks around... My thoughts too. Where is this increased lending coming from? Whether you look at it from the borrowers(increased premium 'k' and harsh business climate) or lenders (liquidity preference and a risk off approach)point of view it doesn't make sense unless there is something we ain't accounting for. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Veteran Joined: 7/1/2014 Posts: 903 Location: sky
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lochaz-index wrote:KulaRaha wrote:Hmmm....in an industry where most top players are struggling...
Too many cooks around... My thoughts too. Where is this increased lending coming from? Whether you look at it from the borrowers(increased premium 'k' and harsh business climate) or lenders (liquidity preference and a risk off approach)point of view it doesn't make sense unless there is something we ain't accounting for. money from rights issue conducted last year of important to note also is HF is set to redeem Sh7 billion worth of its seven-year bond it issued in 2010 There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Rank: Member Joined: 10/26/2015 Posts: 151
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instinct wrote:MadDoc wrote:instinct wrote:MadDoc wrote:Gatheuzi wrote:Here is the position on loan loss provisioning. Business Daily wrote:HF’s loan loss provisions dropped by Sh7.8 million to Sh136.8 million despite the gross bad loans rising by Sh105.8 million to Sh327.4 million.
The company, however, says it expects some of the non-performing loans to be paid off later this year. So they reduced the LLP on the premise of hope Its expectation not hope...there's a difference Hope, expectation.. They really should have allocated more to the LLPs I would imagine that their LLP is much lower than industry average since majority of their loans are mortgages and therefore secured That doesn't hold especially when the NPLs have tripled
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Rank: Member Joined: 7/10/2014 Posts: 145 Location: Nairobi
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HFC grossly undervalued with a market cap of 6 billion. "Blowing out someone else candle won't make yours shine brighter"-Anonymous
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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littledove wrote:lochaz-index wrote:KulaRaha wrote:Hmmm....in an industry where most top players are struggling...
Too many cooks around... My thoughts too. Where is this increased lending coming from? Whether you look at it from the borrowers(increased premium 'k' and harsh business climate) or lenders (liquidity preference and a risk off approach)point of view it doesn't make sense unless there is something we ain't accounting for. money from rights issue conducted last year of important to note also is HF is set to redeem Sh7 billion worth of its seven-year bond it issued in 2010 I have just had a peek at its disclosures section. Both its capital and liquidity ratios are thinning out very fast. Bringing the bond redemption into focus would mean both its tier 1&2 capital will need replenishing...there seems to be more than meets the eye here. Increased lending doesn't add up. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: New-farer Joined: 5/22/2014 Posts: 78
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lochaz-index wrote:littledove wrote:lochaz-index wrote:KulaRaha wrote:Hmmm....in an industry where most top players are struggling...
Too many cooks around... My thoughts too. Where is this increased lending coming from? Whether you look at it from the borrowers(increased premium 'k' and harsh business climate) or lenders (liquidity preference and a risk off approach)point of view it doesn't make sense unless there is something we ain't accounting for. money from rights issue conducted last year of important to note also is HF is set to redeem Sh7 billion worth of its seven-year bond it issued in 2010 I have just had a peek at its disclosures section. Both its capital and liquidity ratios are thinning out very fast. Bringing the bond redemption into focus would mean both its tier 1&2 capital will need replenishing... there seems to be more than meets the eye here. Increased lending doesn't add up. @lochaz-index, do you mind putting the above in Layman-friendly language..
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Rank: Elder Joined: 6/23/2009 Posts: 13,547 Location: nairobi
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mugo2of3 wrote:lochaz-index wrote:littledove wrote:lochaz-index wrote:KulaRaha wrote:Hmmm....in an industry where most top players are struggling...
Too many cooks around... My thoughts too. Where is this increased lending coming from? Whether you look at it from the borrowers(increased premium 'k' and harsh business climate) or lenders (liquidity preference and a risk off approach)point of view it doesn't make sense unless there is something we ain't accounting for. money from rights issue conducted last year of important to note also is HF is set to redeem Sh7 billion worth of its seven-year bond it issued in 2010 I have just had a peek at its disclosures section. Both its capital and liquidity ratios are thinning out very fast. Bringing the bond redemption into focus would mean both its tier 1&2 capital will need replenishing... there seems to be more than meets the eye here. Increased lending doesn't add up. @lochaz-index, do you mind putting the above in Layman-friendly language.. Fact is that they are playing a game dangerous in nature.. Very similar to the NBK one.. In other news, its the govt bonds that gave massive or significant income push
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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obiero wrote:mugo2of3 wrote:lochaz-index wrote:littledove wrote:lochaz-index wrote:KulaRaha wrote:Hmmm....in an industry where most top players are struggling...
Too many cooks around... My thoughts too. Where is this increased lending coming from? Whether you look at it from the borrowers(increased premium 'k' and harsh business climate) or lenders (liquidity preference and a risk off approach)point of view it doesn't make sense unless there is something we ain't accounting for. money from rights issue conducted last year of important to note also is HF is set to redeem Sh7 billion worth of its seven-year bond it issued in 2010 I have just had a peek at its disclosures section. Both its capital and liquidity ratios are thinning out very fast. Bringing the bond redemption into focus would mean both its tier 1&2 capital will need replenishing... there seems to be more than meets the eye here. Increased lending doesn't add up. @lochaz-index, do you mind putting the above in Layman-friendly language.. Fact is that they are playing a game dangerous in nature.. Very similar to the NBK one.. In other news, its the govt bonds that gave massive or significant income push @Obiero which bonds agian?HF is never talked about in the FI circles...nothing to write home about. possunt quia posse videntur
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HF Group Q1 2016 PAT up 47.7%
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