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HFCK HY 16
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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mlennyma wrote:obiero wrote:obiero wrote:[quote=Othelo]
The stock is down today by almost 4% despite posting 'improved' profits of over 27%.. Wazua never lies I will not be shocked to see KES 15 it might settle at 12 All investor got bear flu. @23 they wish 20, @20 they wish 19, then 17, then 15, now 12 and much later 10, 8, 5, and @impunity's sub 2 bob  * Just know that Komarock 5A brought in almost 2Bn. A billion+ is expected from Komarock 5B that is complete, sold and occupied. * K-Mall (formerly suncity mall) is complete and decent rents are expected (Aga Khan Hospital already moved in and operational, Tuskys booked and doing final touches, New HF Bank branch operational..) Komarock 5C phase 1, all structures are complete awaiting finish * Good numbers on HY16 despite capital costs of opening 6 new branches in the six month period Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Which developments are complete but not fully sold? Saidieni tafadhali yawa In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Angelica _ann wrote:Which developments are complete but not fully sold? Saidieni tafadhali yawa Komarock 5A - Fully Sold Komarock 5B - Very few units remaining Komarock 5C - Now selling (Total 1,272 units + school) K-Mall - Now letting (at Ksh 150 Per Sq.Ft) Precious Heights - Now Selling Kahawa Downs - Now Selling k-mall   Pesa Nane plans to be shilingi when he grows up.
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Rank: Member Joined: 5/30/2016 Posts: 332 Location: Kayole
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Ebenyo wrote:obiero wrote:[quote=obiero][quote=Othelo][quote=obiero][quote=lochaz-index][quote=obiero][quote=littledove]Housing Finance half year 2016 Net Profits up 27 Per Cent to KES 612.6M from KSh 485.1 million reported in the same period in 2015
Earnings per Share increased by 26% to KSh 3.51 compared to KSh 2.79 reported over a similar period in 2015
no interim divided this year? or they forgot announcing They need to save kshs 10 bilion to give back to the bondholders as maturity is next year.Trans- century failed to pay its bondholders when the bond matured.It was then converted to equity.Hope HFCK will not follow suit.Maybe traders have factored this in mind and thats why the price have dipped. That bond repayment will partly be done by converting to equity. How much cash reserves are they sitting of as of latest financial reports? do they even make enough profit to pay it back? watching this drama as it unfolds from a distance. case study TCL KEGN, KPLC, KQ, SCOM
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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mkate_nusu wrote:Ebenyo wrote:obiero wrote:[quote=obiero][quote=Othelo][quote=obiero][quote=lochaz-index][quote=obiero][quote=littledove]Housing Finance half year 2016 Net Profits up 27 Per Cent to KES 612.6M from KSh 485.1 million reported in the same period in 2015
Earnings per Share increased by 26% to KSh 3.51 compared to KSh 2.79 reported over a similar period in 2015
no interim divided this year? or they forgot announcing They need to save kshs 10 bilion to give back to the bondholders as maturity is next year.Trans- century failed to pay its bondholders when the bond matured.It was then converted to equity.Hope HFCK will not follow suit.Maybe traders have factored this in mind and thats why the price have dipped. That bond repayment will partly be done by converting to equity. How much cash reserves are they sitting of as of latest financial reports? do they even make enough profit to pay it back? watching this drama as it unfolds from a distance. case study TCL Unfortunately i missed to get my copies of both fy 15 results and hy 16 results.Pesa nane may help us by uploading the original copies and not the abridged results. This could be interesting.They wont be able to pay the bondholders in full? This means another TCL fiasco? It seems the real estate venture is a guagmire for many companies.Home afrika,Stanlib fahari,Fusion D reit and now hfck.Whats wrong with real estate? isnt it supposed to be lucrative? ama wakenya ni watu wa maploti? Towards the goal of financial freedom
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Rank: Member Joined: 3/3/2016 Posts: 132
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Remember the time Equity sold 25% of HFCK at 42 shillings per share to Britam? http://www.nation.co.ke/...264-14tppdcz/index.html
Well done Equity. Could buy a lot more than 50% of the company now with that same amount.
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Rank: Member Joined: 9/11/2015 Posts: 244 Location: Thika
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Only in theory. Nobody would sell such a large chunk at that the current price. There would be no seller. Since men have learned to shoot without missing, I have learned to fly without perching
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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Jon Jones wrote:Only in theory. Nobody would sell such a large chunk at that the current price. There would be no seller. historical costs are just sunk costs. they have no significant importance to britams decision to sell or hold Hfck onwards. and @ piece at 42/= adds no dimension to future pricing of this stock by Mr market. tulia usome. @20 we had no legal issues, now interest capping laws have to the ears and not eyes. here comes the shark. ,Behold, a sower went forth to sow;....
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Rank: Member Joined: 8/17/2007 Posts: 294
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Pesa Nane wrote:Angelica _ann wrote:Which developments are complete but not fully sold? Saidieni tafadhali yawa Komarock 5A - Fully Sold Komarock 5B - Very few units remaining Komarock 5C - Now selling (Total 1,272 units + school) K-Mall - Now letting (at Ksh 150 Per Sq.Ft) Precious Heights - Now Selling Kahawa Downs - Now Selling k-mall But where is the money surely? having sold all that. and that 'mall' looks empty π they're the only tenant?
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Rank: Member Joined: 12/11/2006 Posts: 884
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instinct wrote:Pesa Nane wrote:Angelica _ann wrote:Which developments are complete but not fully sold? Saidieni tafadhali yawa Komarock 5A - Fully Sold Komarock 5B - Very few units remaining Komarock 5C - Now selling (Total 1,272 units + school) K-Mall - Now letting (at Ksh 150 Per Sq.Ft) Precious Heights - Now Selling Kahawa Downs - Now Selling k-mall But where is the money surely? having sold all that. and that 'mall' looks empty π they're the only tenant? could ireri be ' eating' our money. βInvest in yourself. Your career is the engine of your wealth.β
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Rank: Veteran Joined: 8/10/2014 Posts: 972 Location: Kenya
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instinct wrote:Pesa Nane wrote:Angelica _ann wrote:Which developments are complete but not fully sold? Saidieni tafadhali yawa Komarock 5A - Fully Sold Komarock 5B - Very few units remaining Komarock 5C - Now selling (Total 1,272 units + school) K-Mall - Now letting (at Ksh 150 Per Sq.Ft) Precious Heights - Now Selling Kahawa Downs - Now Selling k-mall But where is the money surely? having sold all that. and that 'mall' looks empty π they're the only tenant? I have been to this estate and that mall is not operational. It has been almost a year since it was done and just like a month ago there was huge sign saying "Tuskys Coming Soon". Only Aga Khan is the tenant there that seems to be operational.
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Rank: Veteran Joined: 11/13/2015 Posts: 1,595
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lochaz-index wrote:hisah wrote:Rosy results brushed aside by Mr Market as HF breaks out of the descending triangle on the 3 month cartoon. Breaking below the 19.00 handle support opens up a test of 15.00 handle and lower depending on the expected sharp plunge. Triangle/wedge breakouts are powerful thrust moves!
NBK had a similar setup last year with 15.00 as the support handle. When it caved in the sharp plunge sent the price sub 10 in a rush.
This bear has a big appetite for financials!! The bear frequently hands this stock a good beat down any time it visits town. I would expect no different this time around. In fact I have been surprised it has managed to hang on for so long near 20. Hfck also happens to have a thinner liquidity ratio than Nbk! Its business model is different from the normal banks but a 1% margin borders on dangerous living. What happened to the mortgage case where a borrower had a claim of 700m+ against hfck? Was it settled out of court (doesn't seem so) or did hfck appeal the decision? HF appealed the decision and appeals court ordered they deposit only the 20m judgment sum in a joint account pending hearing of the appeal. The appeal by HF is likely to succeed from the arguments that the appeals court considered
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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watesh wrote:instinct wrote:Pesa Nane wrote:Angelica _ann wrote:Which developments are complete but not fully sold? Saidieni tafadhali yawa Komarock 5A - Fully Sold Komarock 5B - Very few units remaining Komarock 5C - Now selling (Total 1,272 units + school) K-Mall - Now letting (at Ksh 150 Per Sq.Ft) Precious Heights - Now Selling Kahawa Downs - Now Selling k-mall But where is the money surely? having sold all that. and that 'mall' looks empty π they're the only tenant? I have been to this estate and that mall is not operational. It has been almost a year since it was done and just like a month ago there was huge sign saying "Tuskys Coming Soon". Only Aga Khan is the tenant there that seems to be operational. Check who are their agents and you won't be surprised by this state of affairs Secondly, the HF staff suffer from the civil-servant hangover. Unbelievably, they build the mall from scratch to completion without ever advertising for space (who ever does that?). Add salt to the wound. They were never decided whether to sell the mall as a unit or lease out space!! From frying pan into the fire. On the issue of sell, they did not have the minutest of ideas of how much to sell. Dead. For half an year, the "price on inquiry" was answered by "send us your offer we evaluate"!!!! Bure Kabisa, MYK Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Pesa Nane wrote:mlennyma wrote:obiero wrote:obiero wrote:[quote=Othelo]
The stock is down today by almost 4% despite posting 'improved' profits of over 27%.. Wazua never lies I will not be shocked to see KES 15 it might settle at 12 All investor got bear flu. @23 they wish 20, @20 they wish 19, then 17, then 15, now 12 and much later 10, 8, 5, and @impunity's sub 2 bob * Just know that Komarock 5A brought in almost 2Bn. A billion+ is expected from Komarock 5B that is complete, sold and occupied. * K-Mall (formerly suncity mall) is complete and decent rents are expected (Aga Khan Hospital already moved in and operational, Tuskys booked and doing final touches, New HF Bank branch operational..) Komarock 5C phase 1, all structures are complete awaiting finish * Good numbers on HY16 despite capital costs of opening 6 new branches in the six month period You now understand why 12 is still very high for hfck, as sub 10 seems a possibility "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 11/13/2015 Posts: 1,595
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demand=0 supply=53,700 compare that with Equity supply 53m and KCB 56m. It shows locals took up HF and now the foreigners are rushing through the doors in equity and kcb
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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mlennyma wrote:Pesa Nane wrote:mlennyma wrote:obiero wrote:obiero wrote:[quote=Othelo]
The stock is down today by almost 4% despite posting 'improved' profits of over 27%.. Wazua never lies I will not be shocked to see KES 15 it might settle at 12 All investor got bear flu. @23 they wish 20, @20 they wish 19, then 17, then 15, now 12 and much later 10, 8, 5, and @impunity's sub 2 bob * Just know that Komarock 5A brought in almost 2Bn. A billion+ is expected from Komarock 5B that is complete, sold and occupied. * K-Mall (formerly suncity mall) is complete and decent rents are expected (Aga Khan Hospital already moved in and operational, Tuskys booked and doing final touches, New HF Bank branch operational..) Komarock 5C phase 1, all structures are complete awaiting finish * Good numbers on HY16 despite capital costs of opening 6 new branches in the six month period You now understand why 12 is still very high for hfck, as sub 10 seems a possibility Could be the shock, or denial, or even ignorance.....but I have understood nothing! learnt nothing! I'll be on a spree on market open. Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Pesa Nane wrote:mlennyma wrote:Pesa Nane wrote:mlennyma wrote:obiero wrote:obiero wrote:[quote=Othelo]
The stock is down today by almost 4% despite posting 'improved' profits of over 27%.. Wazua never lies I will not be shocked to see KES 15 it might settle at 12 All investor got bear flu. @23 they wish 20, @20 they wish 19, then 17, then 15, now 12 and much later 10, 8, 5, and @impunity's sub 2 bob * Just know that Komarock 5A brought in almost 2Bn. A billion+ is expected from Komarock 5B that is complete, sold and occupied. * K-Mall (formerly suncity mall) is complete and decent rents are expected (Aga Khan Hospital already moved in and operational, Tuskys booked and doing final touches, New HF Bank branch operational..) Komarock 5C phase 1, all structures are complete awaiting finish * Good numbers on HY16 despite capital costs of opening 6 new branches in the six month period You now understand why 12 is still very high for hfck, as sub 10 seems a possibility Could be the shock, or denial, or even ignorance.....but I have understood nothing! learnt nothing! I'll be on a spree on market open. i expect hfck to bottom on Monday "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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mlennyma wrote:Pesa Nane wrote:mlennyma wrote:Pesa Nane wrote:mlennyma wrote:obiero wrote:obiero wrote:[quote=Othelo]
The stock is down today by almost 4% despite posting 'improved' profits of over 27%.. Wazua never lies I will not be shocked to see KES 15 it might settle at 12 All investor got bear flu. @23 they wish 20, @20 they wish 19, then 17, then 15, now 12 and much later 10, 8, 5, and @impunity's sub 2 bob * Just know that Komarock 5A brought in almost 2Bn. A billion+ is expected from Komarock 5B that is complete, sold and occupied. * K-Mall (formerly suncity mall) is complete and decent rents are expected (Aga Khan Hospital already moved in and operational, Tuskys booked and doing final touches, New HF Bank branch operational..) Komarock 5C phase 1, all structures are complete awaiting finish * Good numbers on HY16 despite capital costs of opening 6 new branches in the six month period You now understand why 12 is still very high for hfck, as sub 10 seems a possibility Could be the shock, or denial, or even ignorance.....but I have understood nothing! learnt nothing! I'll be on a spree on market open. i expect hfck to bottom on Monday My HF bottom was 18. Rest is bonus (jackpot for the gamblers) Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 6/23/2009 Posts: 13,521 Location: nairobi
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obiero wrote:littledove wrote:Housing Finance half year 2016 Net Profits up 27 Per Cent to KES 612.6M from KSh 485.1 million reported in the same period in 2015
Earnings per Share increased by 26% to KSh 3.51 compared to KSh 2.79 reported over a similar period in 2015
no interim divided this year? or they forgot announcing check the liquidity ratio of 21% against minimum CBK requirement of 20%.. There was no way they could pay an interim. But full year dividend may rise based on massive interest income gain from the Komarock houses Aug 10th 2016!!! @grandie @spikes
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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