Definitely not buying more but the stake I hold is not money, loose change actually.. Won't lose and sleep over its collapse or lack thereof.. At least dividend is assured..

Bulk of the same alleged insider borrowers happen to just be part of the largest HF shareholders. P M, Benson and T K should be put under doctors watch.. Meanwhile, more evidence exists that Ireri could not be a person with propensity to digging his own grave http://www.businessdaily...74094-1162lnc/index.html

The fraud drama is really unnecessary in a suit for unfair dismissal.

The issue at trial should be whether the employee was dismissed through the right procedure. If not, he can be awarded up to 12 months pay as compensation.

This is very personal between Isika and the HF establishment.

@Obiero - Stop being vague. Spell it out for us, like you do for KQ (with disastrous results), O Great Fountain of Knowledge.

@Sparkly - Where there is smoke there is (possibly) fire. For the sake of HF [& the industry] I hope all this blows over but I need to see the 4Q 2016 and the 1Q 2017 numbers before I remove HFCK from my list of non-investable firms. [BTW, most banks will have an "interesting" 1Q 2017 with a full quarter under Interest Caps and enhanced NPLs under the new governor]

Good luck!

Thought there is that small matter of guys living in glass houses not throwing stones.

From what is coming out, this isika is one of those proud and difficult-to-work-with guys.

But no one has accused him of failing to protect shareholder interests. He seems to have discovered these shenanigans with the top mgt and that put them on a collision course.

To us as investors, the fraud drama is really the issue.

Let me repeat an analogy that was given here a while back by @maichblack. A truant kid runs away from school and finds the dad and the house girl in a compromising situation. When he reports what he saw at the dinner table with the mother around, the dad insists that the main issue at hand is why he had ran away from school.

I agree. Isika is trying to "prove" that he was sacked coz he didn't play along. My question is: Is there any truth to what Isika is alleging [regardless whether his rants are irrelevant to the court case]?
We saw how NPLs [poorly documented loans, personal loans, poor corporate governance] screwed over KCB in the 90s & early 2000s. Same with NBK. Then there was Imperial and Chase. Also add many other KE banks.

Anyway, good luck to you. I hope it works out for HFCK coz a stumble at HFCK will affect the entire (jittery) sector including my shares in I&M, DTB, NIC and Equity.

I have been buying..

Human psychology..People forget soo quickly

Truth be told, Warren Buffet's mantra of "Be fearful when others are greedy and greedy when others are fearful" and Baron Rothschild's "Buy when there is blood on the street - even if the blood is yours!" are very easy to quote but very difficult to implement.

This is a buyer's market. But even the kawaida players are scared sh!tless!! Then in 2018 onwards, people will start talking about the low prices of 2016 - 2017 and how they should have bought bla bla bla.

You and I disagree on many issues but here we are in agreement.

When counters trade at PE of 5 and DY of 10%, its time to buy.

I am still stuck on the allegation of KES 4B hidden NPLs.