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HF FY2016 DOWN 24.3%
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Ericsson
#1 Posted : Monday, March 27, 2017 11:49:34 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,836
Location: NAIROBI
Pre-tax profit of 1.4 billion shillings
Net earnings stood at Sh905.8 million in the period compared to Sh1.1 billion a year earlier.
HF declared a dividend of Sh0.5 per share, down from previous year’s Sh1.3 per share

The bank is preparing to liquidate the 1st tranche of the bond issued in 2010 and has invested KShs. 4.1 billion in government securities. The balance will be raised through debt refinancing and enhanced collections.

Full results link https://view.publitas.co...riod-ended-31-dec-2016/
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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  | | Edit by moderator: Tuesday, March 28, 2017 11:12 AM | Reason: results link
murchr
#2 Posted : Tuesday, March 28, 2017 5:12:20 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Pray This diamond has lost its shine
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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S.Mutaga III
#3 Posted : Tuesday, March 28, 2017 5:53:02 AM
Rank: Member

Joined: 3/26/2012
Posts: 830
Ericsson wrote:
Pre-tax profit of 1.4 billion shillings
Net earnings stood at Sh905.8 million in the period compared to Sh1.1 billion a year earlier.
HF declared a dividend of Sh0.5 per share, down from previous year’s Sh1.3 per share

The bank is preparing to liquidate the 1st tranche of the bond issued in 2010 and has invested KShs. 4.1 billion in government securities. The balance will be raised through debt refinancing and enhanced collections.

Does this mean that the company will pay bondholders using borrowed cash (partly)? This is crazy.
A successful man is not he who gets the best, it is he who makes the best from what he gets.
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obiero
#4 Posted : Tuesday, March 28, 2017 6:56:16 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,476
Location: nairobi
S.Mutaga III wrote:
Ericsson wrote:
Pre-tax profit of 1.4 billion shillings
Net earnings stood at Sh905.8 million in the period compared to Sh1.1 billion a year earlier.
HF declared a dividend of Sh0.5 per share, down from previous year’s Sh1.3 per share

The bank is preparing to liquidate the 1st tranche of the bond issued in 2010 and has invested KShs. 4.1 billion in government securities. The balance will be raised through debt refinancing and enhanced collections.

Does this mean that the company will pay bondholders using borrowed cash (partly)? This is crazy.

IFC debt is cheaper than the bond rate
COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Sir Jones
#5 Posted : Tuesday, March 28, 2017 7:52:43 AM
Rank: Member

Joined: 3/10/2009
Posts: 36
obiero wrote:
S.Mutaga III wrote:
Ericsson wrote:
Pre-tax profit of 1.4 billion shillings
Net earnings stood at Sh905.8 million in the period compared to Sh1.1 billion a year earlier.
HF declared a dividend of Sh0.5 per share, down from previous year’s Sh1.3 per share

The bank is preparing to liquidate the 1st tranche of the bond issued in 2010 and has invested KShs. 4.1 billion in government securities. The balance will be raised through debt refinancing and enhanced collections.

Does this mean that the company will pay bondholders using borrowed cash (partly)? This is crazy.

IFC debt is cheaper than the bond rate


Disappointing results. What happened to cash call funds on rights issue? Were the money invested prudently, at least we should have seen some positive results by now. It's time to have new ideas in this Diamond before the worst happens. Ireri should retire honourably than to wait and be forced out the Naikuni way.
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wukan
#6 Posted : Tuesday, March 28, 2017 8:25:48 AM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,660
Sir Jones wrote:
obiero wrote:
S.Mutaga III wrote:
Ericsson wrote:
Pre-tax profit of 1.4 billion shillings
Net earnings stood at Sh905.8 million in the period compared to Sh1.1 billion a year earlier.
HF declared a dividend of Sh0.5 per share, down from previous year’s Sh1.3 per share

The bank is preparing to liquidate the 1st tranche of the bond issued in 2010 and has invested KShs. 4.1 billion in government securities. The balance will be raised through debt refinancing and enhanced collections.

Does this mean that the company will pay bondholders using borrowed cash (partly)? This is crazy.

IFC debt is cheaper than the bond rate


Disappointing results. What happened to cash call funds on rights issue? Were the money invested prudently, at least we should have seen some positive results by now. It's time to have new ideas in this Diamond before the worst happens. Ireri should retire honourably than to wait and be forced out the Naikuni way.


They used the cash for housing units but which are not moving. The property bubble is slowly deflating with a shrinking middle class. New ideas are needed to target lower middle income.
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actuarywahisa
#7 Posted : Tuesday, March 28, 2017 8:28:07 AM
Rank: Member

Joined: 5/21/2014
Posts: 184
murchr wrote:
Pray This diamond has lost its shine


No diamond here, only glass. And i think that this is only the start. That 4B NPL story is still hanging there somewhere...
There are too many opportunities all around. Open your eyes and maybe you'll spot one
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Ericsson
#8 Posted : Tuesday, March 28, 2017 8:28:37 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,836
Location: NAIROBI
Sir Jones wrote:
obiero wrote:
S.Mutaga III wrote:
Ericsson wrote:
Pre-tax profit of 1.4 billion shillings
Net earnings stood at Sh905.8 million in the period compared to Sh1.1 billion a year earlier.
HF declared a dividend of Sh0.5 per share, down from previous year’s Sh1.3 per share

The bank is preparing to liquidate the 1st tranche of the bond issued in 2010 and has invested KShs. 4.1 billion in government securities. The balance will be raised through debt refinancing and enhanced collections.

Does this mean that the company will pay bondholders using borrowed cash (partly)? This is crazy.

IFC debt is cheaper than the bond rate


Disappointing results. What happened to cash call funds on rights issue? Were the money invested prudently, at least we should have seen some positive results by now. It's time to have new ideas in this Diamond before the worst happens. Ireri should retire honourably than to wait and be forced out the Naikuni way.


Some people never resign honourably. Once they get a particular seat they'd rather die than resign.
3 banks have such kind of people
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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actuarywahisa
#9 Posted : Tuesday, March 28, 2017 8:29:41 AM
Rank: Member

Joined: 5/21/2014
Posts: 184
Obiero what happened? I thought you promised good fireworks from this counter... 😂😂😂😂
There are too many opportunities all around. Open your eyes and maybe you'll spot one
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obiero
#10 Posted : Tuesday, March 28, 2017 8:59:59 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,476
Location: nairobi
actuarywahisa wrote:
Obiero what happened? I thought you promised good fireworks from this counter... 😂😂😂😂

Kindly share the link. I placed the share on yasser's sell list last year. I also mentioned that its liquidity ratio is heavily strained.. It is not a good share to hold at the moment
COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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