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Home Afrika Listing at NSE!
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:sparkly wrote:the deal wrote:sparkly wrote:the deal wrote:sparkly wrote:Just bought myself some HAFR shares at 1.40. Speculating on their land bank which is 8-10 times their market valuation. If land bank is so lucrative. ..how come they have not been able to monetize it? With the rate cap. ..there will bloodshed in the real estate sector Buy when there is blood on the streets. Btw the deal you rated HAFR a buy at 12 when they listed. The rating was based on false financial statements which were later restated by Home Afrika itself Would your rating have been different if you looked at the year to year balance sheet and cash flow statement? A bandia firm with bandia financial statements.. Keep far away A firm coming from the dead just like your beloved KQ. Life is short. Live passionately.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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obiero wrote:sparkly wrote:the deal wrote:sparkly wrote:the deal wrote:sparkly wrote:Just bought myself some HAFR shares at 1.40. Speculating on their land bank which is 8-10 times their market valuation. If land bank is so lucrative. ..how come they have not been able to monetize it? With the rate cap. ..there will bloodshed in the real estate sector Buy when there is blood on the streets. Btw the deal you rated HAFR a buy at 12 when they listed. The rating was based on false financial statements which were later restated by Home Afrika itself Would your rating have been different if you looked at the year to year balance sheet and cash flow statement? A bandia firm with bandia financial statements.. Keep far away Kelele ya chura haizuii ng'ombe kunywa maji. maajabu hayo! This is the type of stock likely to defy pedestrian talks and street noise to print new highs! I'm optimistic on this one. Watch and learn. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
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Spikes wrote:obiero wrote:sparkly wrote:the deal wrote:sparkly wrote:the deal wrote:sparkly wrote:Just bought myself some HAFR shares at 1.40. Speculating on their land bank which is 8-10 times their market valuation. If land bank is so lucrative. ..how come they have not been able to monetize it? With the rate cap. ..there will bloodshed in the real estate sector Buy when there is blood on the streets. Btw the deal you rated HAFR a buy at 12 when they listed. The rating was based on false financial statements which were later restated by Home Afrika itself Would your rating have been different if you looked at the year to year balance sheet and cash flow statement? A bandia firm with bandia financial statements.. Keep far away Kelele ya chura haizuii ng'ombe kunywa maji. maajabu hayo! This is the type of stock likely to defy pedestrian talks and street noise to print new highs! I'm optimistic on this one. Watch and learn. Hehe.. The wazua clown has spoken. We will watch and learn
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: 6/23/2009 Posts: 13,517 Location: nairobi
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sparkly wrote:obiero wrote:sparkly wrote:the deal wrote:sparkly wrote:the deal wrote:sparkly wrote:Just bought myself some HAFR shares at 1.40. Speculating on their land bank which is 8-10 times their market valuation. If land bank is so lucrative. ..how come they have not been able to monetize it? With the rate cap. ..there will bloodshed in the real estate sector Buy when there is blood on the streets. Btw the deal you rated HAFR a buy at 12 when they listed. The rating was based on false financial statements which were later restated by Home Afrika itself Would your rating have been different if you looked at the year to year balance sheet and cash flow statement? A bandia firm with bandia financial statements.. Keep far away A firm coming from the dead just like your beloved KQ. This firm died upon listing.. Nothing similar to KQ
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: 6/23/2009 Posts: 13,517 Location: nairobi
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sparkly wrote:obiero wrote:sparkly wrote:the deal wrote:sparkly wrote:the deal wrote:sparkly wrote:Just bought myself some HAFR shares at 1.40. Speculating on their land bank which is 8-10 times their market valuation. If land bank is so lucrative. ..how come they have not been able to monetize it? With the rate cap. ..there will bloodshed in the real estate sector Buy when there is blood on the streets. Btw the deal you rated HAFR a buy at 12 when they listed. The rating was based on false financial statements which were later restated by Home Afrika itself Would your rating have been different if you looked at the year to year balance sheet and cash flow statement? A bandia firm with bandia financial statements.. Keep far away A firm coming from the dead just like your beloved KQ. This firm died upon listing.. Nothing similar to KQ
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: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:the deal wrote:sparkly wrote:the deal wrote:sparkly wrote:Just bought myself some HAFR shares at 1.40. Speculating on their land bank which is 8-10 times their market valuation. If land bank is so lucrative. ..how come they have not been able to monetize it? With the rate cap. ..there will bloodshed in the real estate sector Buy when there is blood on the streets. Btw the deal you rated HAFR a buy at 12 when they listed. The rating was based on false financial statements which were later restated by Home Afrika itself Would your rating have been different if you looked at the year to year balance sheet and cash flow statement? A bandia firm with bandia financial statements.. Keep far away A firm coming from the dead just like your beloved KQ. This firm died upon listing.. Nothing similar to KQ Not exactly similar to KQ which depends on bailouts even for operations. Life is short. Live passionately.
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Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
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sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:the deal wrote:sparkly wrote:the deal wrote:sparkly wrote:Just bought myself some HAFR shares at 1.40. Speculating on their land bank which is 8-10 times their market valuation. If land bank is so lucrative. ..how come they have not been able to monetize it? With the rate cap. ..there will bloodshed in the real estate sector Buy when there is blood on the streets. Btw the deal you rated HAFR a buy at 12 when they listed. The rating was based on false financial statements which were later restated by Home Afrika itself Would your rating have been different if you looked at the year to year balance sheet and cash flow statement? A bandia firm with bandia financial statements.. Keep far away A firm coming from the dead just like your beloved KQ. This firm died upon listing.. Nothing similar to KQ Not exactly similar to KQ which depends on bailouts even for operations. Even KCB was once bailed out by GoK. Most of the listed parastatals have no real businesses but depend primarily on big brother largesse, Kenya Re being the worst of all relying on mandatory concessions. NBK with KRA main account. KPLC a monopoly. KEGN a near monopoly. EAPC dead via corruption. You get the drift?
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: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:the deal wrote:sparkly wrote:the deal wrote:sparkly wrote:Just bought myself some HAFR shares at 1.40. Speculating on their land bank which is 8-10 times their market valuation. If land bank is so lucrative. ..how come they have not been able to monetize it? With the rate cap. ..there will bloodshed in the real estate sector Buy when there is blood on the streets. Btw the deal you rated HAFR a buy at 12 when they listed. The rating was based on false financial statements which were later restated by Home Afrika itself Would your rating have been different if you looked at the year to year balance sheet and cash flow statement? A bandia firm with bandia financial statements.. Keep far away A firm coming from the dead just like your beloved KQ. This firm died upon listing.. Nothing similar to KQ Not exactly similar to KQ which depends on bailouts even for operations. Even KCB was once bailed out by GoK. Most of the listed parastatals have no real businesses but depend primarily on big brother largesse, Kenya Re being the worst of all relying on mandatory concessions. NBK with KRA main account. KPLC a monopoly. KEGN a near monopoly. EAPC dead via corruption. You get the drift? Irrelevant arguments. KQ at 17.50 versus HAFR at 1.40. HAFR will win by a huge margin at the end of the year 2018. Life is short. Live passionately.
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Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
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sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:the deal wrote:sparkly wrote:the deal wrote:sparkly wrote:Just bought myself some HAFR shares at 1.40. Speculating on their land bank which is 8-10 times their market valuation. If land bank is so lucrative. ..how come they have not been able to monetize it? With the rate cap. ..there will bloodshed in the real estate sector Buy when there is blood on the streets. Btw the deal you rated HAFR a buy at 12 when they listed. The rating was based on false financial statements which were later restated by Home Afrika itself Would your rating have been different if you looked at the year to year balance sheet and cash flow statement? A bandia firm with bandia financial statements.. Keep far away A firm coming from the dead just like your beloved KQ. This firm died upon listing.. Nothing similar to KQ Not exactly similar to KQ which depends on bailouts even for operations. Even KCB was once bailed out by GoK. Most of the listed parastatals have no real businesses but depend primarily on big brother largesse, Kenya Re being the worst of all relying on mandatory concessions. NBK with KRA main account. KPLC a monopoly. KEGN a near monopoly. EAPC, MSC, UCHUMI dead via corruption. You get the drift? Irrelevant arguments. KQ at 17.50 versus HAFR at 1.40. HAFR will win by a huge margin at the end of the year 2018. I didn't know that we were arguing
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: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:the deal wrote:sparkly wrote:the deal wrote:sparkly wrote:Just bought myself some HAFR shares at 1.40. Speculating on their land bank which is 8-10 times their market valuation. If land bank is so lucrative. ..how come they have not been able to monetize it? With the rate cap. ..there will bloodshed in the real estate sector Buy when there is blood on the streets. Btw the deal you rated HAFR a buy at 12 when they listed. The rating was based on false financial statements which were later restated by Home Afrika itself Would your rating have been different if you looked at the year to year balance sheet and cash flow statement? A bandia firm with bandia financial statements.. Keep far away A firm coming from the dead just like your beloved KQ. This firm died upon listing.. Nothing similar to KQ Not exactly similar to KQ which depends on bailouts even for operations. Even KCB was once bailed out by GoK. Most of the listed parastatals have no real businesses but depend primarily on big brother largesse, Kenya Re being the worst of all relying on mandatory concessions. NBK with KRA main account. KPLC a monopoly. KEGN a near monopoly. EAPC dead via corruption. You get the drift? Irrelevant arguments. KQ at 17.50 versus HAFR at 1.40. HAFR will win by a huge margin at the end of the year 2018. I didn't know that we were arguing argument noun 2. a reason or set of reasons given in support of an idea, action or theory. Life is short. Live passionately.
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Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
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sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:the deal wrote:sparkly wrote:the deal wrote:sparkly wrote:Just bought myself some HAFR shares at 1.40. Speculating on their land bank which is 8-10 times their market valuation. If land bank is so lucrative. ..how come they have not been able to monetize it? With the rate cap. ..there will bloodshed in the real estate sector Buy when there is blood on the streets. Btw the deal you rated HAFR a buy at 12 when they listed. The rating was based on false financial statements which were later restated by Home Afrika itself Would your rating have been different if you looked at the year to year balance sheet and cash flow statement? A bandia firm with bandia financial statements.. Keep far away A firm coming from the dead just like your beloved KQ. This firm died upon listing.. Nothing similar to KQ Not exactly similar to KQ which depends on bailouts even for operations. Even KCB was once bailed out by GoK. Most of the listed parastatals have no real businesses but depend primarily on big brother largesse, Kenya Re being the worst of all relying on mandatory concessions. NBK with KRA main account. KPLC a monopoly. KEGN a near monopoly. EAPC dead via corruption. You get the drift? Irrelevant arguments. KQ at 17.50 versus HAFR at 1.40. HAFR will win by a huge margin at the end of the year 2018. I didn't know that we were arguing argument noun 2. a reason or set of reasons given in support of an idea, action or theory. HAFR is a very bad stock with no fundamentals, that will likely milk away good money from some innocents. Failure of their corporate bond ideas coupled with declining revenue, high debt and increasing operational costs shows that the company is living on borrowed time https://www.standardmedi...ubscribers-sh300-million
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: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:the deal wrote:sparkly wrote:the deal wrote:[quote=sparkly]Just bought myself some HAFR shares at 1.40. Speculating on their land bank which is 8-10 times their market valuation. If land bank is so lucrative. ..how come they have not been able to monetize it? With the rate cap. ..there will bloodshed in the real estate sector Buy when there is blood on the streets. Btw the deal you rated HAFR a buy at 12 when they listed. The rating was based on false financial statements which were later restated by Home Afrika itself Would your rating have been different if you looked at the year to year balance sheet and cash flow statement? A bandia firm with bandia financial statements.. Keep far away A firm coming from the dead just like your beloved KQ. This firm died upon listing.. Nothing similar to KQ Not exactly similar to KQ which depends on bailouts even for operations. Even KCB was once bailed out by GoK. Most of the listed parastatals have no real businesses but depend primarily on big brother largesse, Kenya Re being the worst of all relying on mandatory concessions. NBK with KRA main account. KPLC a monopoly. KEGN a near monopoly. EAPC dead via corruption. You get the drift? Irrelevant arguments. KQ at 17.50 versus HAFR at 1.40. HAFR will win by a huge margin at the end of the year 2018. I didn't know that we were arguing argument noun 2. a reason or set of reasons given in support of an idea, action or theory. HAFR is a very bad stock with no fundamentals, that will likely milk away good money from some innocents. Failure of their corporate bond ideas coupled with declining revenue, high debt and increasing operational costs shows that the company is living on borrowed time https://www.standardmedi...bscribers-sh300-million[/quote] Try their financials instead of relying on sub standard media- http://www.homeafrika.co...-ANNUAL-REPORT-2016.pdf
Their group inventories are at 3B. These are measured at lesser of cost or net realisable value. Deferred income at 1B. This is excess of deposits received for plots over the percentage completed projects. It's enough to offset the accumulated losses. You are right that they bungled fundraising for Llango and Lakeview. Kenya capital markets are still to mature. JVs look like the sure way to go. They have JVs on Migaa with Tamarind, Wadi Degla and a high tech hospital development. They have a new project near Konza. Life is short. Live passionately.
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Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
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sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:the deal wrote:sparkly wrote:the deal wrote:sparkly wrote:Just bought myself some HAFR shares at 1.40. Speculating on their land bank which is 8-10 times their market valuation. If land bank is so lucrative. ..how come they have not been able to monetize it? With the rate cap. ..there will bloodshed in the real estate sector Buy when there is blood on the streets. Btw the deal you rated HAFR a buy at 12 when they listed. The rating was based on false financial statements which were later restated by Home Afrika itself Would your rating have been different if you looked at the year to year balance sheet and cash flow statement? A bandia firm with bandia financial statements.. Keep far away A firm coming from the dead just like your beloved KQ. This firm died upon listing.. Nothing similar to KQ Not exactly similar to KQ which depends on bailouts even for operations. Even KCB was once bailed out by GoK. Most of the listed parastatals have no real businesses but depend primarily on big brother largesse, Kenya Re being the worst of all relying on mandatory concessions. NBK with KRA main account. KPLC a monopoly. KEGN a near monopoly. EAPC dead via corruption. You get the drift? Irrelevant arguments. KQ at 17.50 versus HAFR at 1.40. HAFR will win by a huge margin at the end of the year 2018. I didn't know that we were arguing argument noun 2. a reason or set of reasons given in support of an idea, action or theory. HAFR is a very bad stock with no fundamentals, that will likely milk away good money from some innocents. Failure of their corporate bond ideas coupled with declining revenue, high debt and increasing operational costs shows that the company is living on borrowed time https://www.standardmedi...bscribers-sh300-million
Try their financials instead of relying on sub standard media- http://www.homeafrika.co...-ANNUAL-REPORT-2016.pdf
Their group inventories are at 3B. These are measured at lesser of cost or net realisable value. Deferred income at 1B. This is excess of deposits received for plots over the percentage completed projects. It's enough to offset the accumulated losses. You are right that they bungled fundraising for Llango and Lakeview. Kenya capital markets are still to mature. JVs look like the sure way to go. They have JVs on Migaa with Tamarind, Wadi Degla and a high tech hospital development. They have a new project near Konza. Their financials are cooked and they were penalized by CMA just one year ago.. They also recently did revaluation of their land assets to create a picture of improved strength, a farce! I cannot stop anyone from investing in HAFR, but buyers beware
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: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:the deal wrote:sparkly wrote:the deal wrote:sparkly wrote:Just bought myself some HAFR shares at 1.40. Speculating on their land bank which is 8-10 times their market valuation. If land bank is so lucrative. ..how come they have not been able to monetize it? With the rate cap. ..there will bloodshed in the real estate sector Buy when there is blood on the streets. Btw the deal you rated HAFR a buy at 12 when they listed. The rating was based on false financial statements which were later restated by Home Afrika itself Would your rating have been different if you looked at the year to year balance sheet and cash flow statement? A bandia firm with bandia financial statements.. Keep far away A firm coming from the dead just like your beloved KQ. This firm died upon listing.. Nothing similar to KQ Not exactly similar to KQ which depends on bailouts even for operations. Even KCB was once bailed out by GoK. Most of the listed parastatals have no real businesses but depend primarily on big brother largesse, Kenya Re being the worst of all relying on mandatory concessions. NBK with KRA main account. KPLC a monopoly. KEGN a near monopoly. EAPC dead via corruption. You get the drift? Irrelevant arguments. KQ at 17.50 versus HAFR at 1.40. HAFR will win by a huge margin at the end of the year 2018. I didn't know that we were arguing argument noun 2. a reason or set of reasons given in support of an idea, action or theory. HAFR is a very bad stock with no fundamentals, that will likely milk away good money from some innocents. Failure of their corporate bond ideas coupled with declining revenue, high debt and increasing operational costs shows that the company is living on borrowed time https://www.standardmedi...bscribers-sh300-million
Try their financials instead of relying on sub standard media- http://www.homeafrika.co...-ANNUAL-REPORT-2016.pdf
Their group inventories are at 3B. These are measured at lesser of cost or net realisable value. Deferred income at 1B. This is excess of deposits received for plots over the percentage completed projects. It's enough to offset the accumulated losses. You are right that they bungled fundraising for Llango and Lakeview. Kenya capital markets are still to mature. JVs look like the sure way to go. They have JVs on Migaa with Tamarind, Wadi Degla and a high tech hospital development. They have a new project near Konza. Their financials are cooked and they were penalized by CMA just one year ago.. They also recently did revaluation of their land assets to create a picture of improved strength, a farce! I cannot stop anyone from investing in HAFR, but buyers beware Their business is fairly simple... sell plots of land. Subtantiate your claims, tell us which parts of the financials are cooked in your opinion, the risks that are not factored by Mr. Market. Otherwise we will declare you a fake ass analyst, not able to ready simple financials. Life is short. Live passionately.
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Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
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sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:the deal wrote:sparkly wrote:the deal wrote:sparkly wrote:Just bought myself some HAFR shares at 1.40. Speculating on their land bank which is 8-10 times their market valuation. If land bank is so lucrative. ..how come they have not been able to monetize it? With the rate cap. ..there will bloodshed in the real estate sector Buy when there is blood on the streets. Btw the deal you rated HAFR a buy at 12 when they listed. The rating was based on false financial statements which were later restated by Home Afrika itself Would your rating have been different if you looked at the year to year balance sheet and cash flow statement? A bandia firm with bandia financial statements.. Keep far away A firm coming from the dead just like your beloved KQ. This firm died upon listing.. Nothing similar to KQ Not exactly similar to KQ which depends on bailouts even for operations. Even KCB was once bailed out by GoK. Most of the listed parastatals have no real businesses but depend primarily on big brother largesse, Kenya Re being the worst of all relying on mandatory concessions. NBK with KRA main account. KPLC a monopoly. KEGN a near monopoly. EAPC dead via corruption. You get the drift? Irrelevant arguments. KQ at 17.50 versus HAFR at 1.40. HAFR will win by a huge margin at the end of the year 2018. I didn't know that we were arguing argument noun 2. a reason or set of reasons given in support of an idea, action or theory. HAFR is a very bad stock with no fundamentals, that will likely milk away good money from some innocents. Failure of their corporate bond ideas coupled with declining revenue, high debt and increasing operational costs shows that the company is living on borrowed time https://www.standardmedi...bscribers-sh300-million
Try their financials instead of relying on sub standard media- http://www.homeafrika.co...-ANNUAL-REPORT-2016.pdf
Their group inventories are at 3B. These are measured at lesser of cost or net realisable value. Deferred income at 1B. This is excess of deposits received for plots over the percentage completed projects. It's enough to offset the accumulated losses. You are right that they bungled fundraising for Llango and Lakeview. Kenya capital markets are still to mature. JVs look like the sure way to go. They have JVs on Migaa with Tamarind, Wadi Degla and a high tech hospital development. They have a new project near Konza. Their financials are cooked and they were penalized by CMA just one year ago.. They also recently did revaluation of their land assets to create a picture of improved strength, a farce! I cannot stop anyone from investing in HAFR, but buyers beware Their business is fairly simple... sell plots of land. Subtantiate your claims, tell us which parts of the financials are cooked in your opinion, the risks that are not factored by Mr. Market. Otherwise we will declare you a fake ass analyst, not able to ready simple financials. Kindly proceed to declare me as you may wish.. Haunilishi, haunivishi.. https://www.nse.co.ke/li...-restatement-of-accounts
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: New-farer Joined: 3/3/2010 Posts: 79
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sparkly wrote:Just bought myself some HAFR shares at 1.40. Speculating on their land bank which is 8-10 times their market valuation. I actually bought a couple hundred thousand of this sucker all last year when it was trading at 1.05-1.15...I was just speculating since I didn't see how it could possibly go below 1 bob. I think the true book value was about 2 bob when it listed...if things go well for their projects and they announce a profit, there's a potential to hit 3 bob this year. Knowledge is contagious...Infect truth!
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:the deal wrote:sparkly wrote:the deal wrote:[quote=sparkly]Just bought myself some HAFR shares at 1.40. Speculating on their land bank which is 8-10 times their market valuation. If land bank is so lucrative. ..how come they have not been able to monetize it? With the rate cap. ..there will bloodshed in the real estate sector Buy when there is blood on the streets. Btw the deal you rated HAFR a buy at 12 when they listed. The rating was based on false financial statements which were later restated by Home Afrika itself Would your rating have been different if you looked at the year to year balance sheet and cash flow statement? A bandia firm with bandia financial statements.. Keep far away A firm coming from the dead just like your beloved KQ. This firm died upon listing.. Nothing similar to KQ Not exactly similar to KQ which depends on bailouts even for operations. Even KCB was once bailed out by GoK. Most of the listed parastatals have no real businesses but depend primarily on big brother largesse, Kenya Re being the worst of all relying on mandatory concessions. NBK with KRA main account. KPLC a monopoly. KEGN a near monopoly. EAPC dead via corruption. You get the drift? Irrelevant arguments. KQ at 17.50 versus HAFR at 1.40. HAFR will win by a huge margin at the end of the year 2018. I didn't know that we were arguing argument noun 2. a reason or set of reasons given in support of an idea, action or theory. HAFR is a very bad stock with no fundamentals, that will likely milk away good money from some innocents. Failure of their corporate bond ideas coupled with declining revenue, high debt and increasing operational costs shows that the company is living on borrowed time https://www.standardmedi...bscribers-sh300-million
Try their financials instead of relying on sub standard media- http://www.homeafrika.co...-ANNUAL-REPORT-2016.pdf
Their group inventories are at 3B. These are measured at lesser of cost or net realisable value. Deferred income at 1B. This is excess of deposits received for plots over the percentage completed projects. It's enough to offset the accumulated losses. You are right that they bungled fundraising for Llango and Lakeview. Kenya capital markets are still to mature. JVs look like the sure way to go. They have JVs on Migaa with Tamarind, Wadi Degla and a high tech hospital development. They have a new project near Konza. Their financials are cooked and they were penalized by CMA just one year ago.. They also recently did revaluation of their land assets to create a picture of improved strength, a farce! I cannot stop anyone from investing in HAFR, but buyers beware Their business is fairly simple... sell plots of land. Subtantiate your claims, tell us which parts of the financials are cooked in your opinion, the risks that are not factored by Mr. Market. Otherwise we will declare you a fake ass analyst, not able to ready simple financials. Kindly proceed to declare me as you may wish.. Haunilishi, haunivishi.. https://www.nse.co.ke/li...restatement-of-accounts[/quote] Published four years ag o. They used to recognize deposits as revenue but now revenue is booked once plots are transferred to owners. Life is short. Live passionately.
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Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
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sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:the deal wrote:sparkly wrote:the deal wrote:sparkly wrote:Just bought myself some HAFR shares at 1.40. Speculating on their land bank which is 8-10 times their market valuation. If land bank is so lucrative. ..how come they have not been able to monetize it? With the rate cap. ..there will bloodshed in the real estate sector Buy when there is blood on the streets. Btw the deal you rated HAFR a buy at 12 when they listed. The rating was based on false financial statements which were later restated by Home Afrika itself Would your rating have been different if you looked at the year to year balance sheet and cash flow statement? A bandia firm with bandia financial statements.. Keep far away A firm coming from the dead just like your beloved KQ. This firm died upon listing.. Nothing similar to KQ Not exactly similar to KQ which depends on bailouts even for operations. Even KCB was once bailed out by GoK. Most of the listed parastatals have no real businesses but depend primarily on big brother largesse, Kenya Re being the worst of all relying on mandatory concessions. NBK with KRA main account. KPLC a monopoly. KEGN a near monopoly. EAPC dead via corruption. You get the drift? Irrelevant arguments. KQ at 17.50 versus HAFR at 1.40. HAFR will win by a huge margin at the end of the year 2018. I didn't know that we were arguing argument noun 2. a reason or set of reasons given in support of an idea, action or theory. HAFR is a very bad stock with no fundamentals, that will likely milk away good money from some innocents. Failure of their corporate bond ideas coupled with declining revenue, high debt and increasing operational costs shows that the company is living on borrowed time https://www.standardmedi...bscribers-sh300-million
Try their financials instead of relying on sub standard media- http://www.homeafrika.co...-ANNUAL-REPORT-2016.pdf
Their group inventories are at 3B. These are measured at lesser of cost or net realisable value. Deferred income at 1B. This is excess of deposits received for plots over the percentage completed projects. It's enough to offset the accumulated losses. You are right that they bungled fundraising for Llango and Lakeview. Kenya capital markets are still to mature. JVs look like the sure way to go. They have JVs on Migaa with Tamarind, Wadi Degla and a high tech hospital development. They have a new project near Konza. Their financials are cooked and they were penalized by CMA just one year ago.. They also recently did revaluation of their land assets to create a picture of improved strength, a farce! I cannot stop anyone from investing in HAFR, but buyers beware Their business is fairly simple... sell plots of land. Subtantiate your claims, tell us which parts of the financials are cooked in your opinion, the risks that are not factored by Mr. Market. Otherwise we will declare you a fake ass analyst, not able to ready simple financials. Kindly proceed to declare me as you may wish.. Haunilishi, haunivishi.. https://www.nse.co.ke/li...restatement-of-accounts
Published four years ag o. They used to recognize deposits as revenue but now revenue is booked once plots are transferred to owners. So do you know why the CMA asked that HAFR refunds all funds collected for the unsuccessful corporate bond
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: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:the deal wrote:sparkly wrote:the deal wrote:sparkly wrote:Just bought myself some HAFR shares at 1.40. Speculating on their land bank which is 8-10 times their market valuation. If land bank is so lucrative. ..how come they have not been able to monetize it? With the rate cap. ..there will bloodshed in the real estate sector Buy when there is blood on the streets. Btw the deal you rated HAFR a buy at 12 when they listed. The rating was based on false financial statements which were later restated by Home Afrika itself Would your rating have been different if you looked at the year to year balance sheet and cash flow statement? A bandia firm with bandia financial statements.. Keep far away A firm coming from the dead just like your beloved KQ. This firm died upon listing.. Nothing similar to KQ Not exactly similar to KQ which depends on bailouts even for operations. Even KCB was once bailed out by GoK. Most of the listed parastatals have no real businesses but depend primarily on big brother largesse, Kenya Re being the worst of all relying on mandatory concessions. NBK with KRA main account. KPLC a monopoly. KEGN a near monopoly. EAPC dead via corruption. You get the drift? Irrelevant arguments. KQ at 17.50 versus HAFR at 1.40. HAFR will win by a huge margin at the end of the year 2018. I didn't know that we were arguing argument noun 2. a reason or set of reasons given in support of an idea, action or theory. HAFR is a very bad stock with no fundamentals, that will likely milk away good money from some innocents. Failure of their corporate bond ideas coupled with declining revenue, high debt and increasing operational costs shows that the company is living on borrowed time https://www.standardmedi...bscribers-sh300-million
Try their financials instead of relying on sub standard media- http://www.homeafrika.co...-ANNUAL-REPORT-2016.pdf
Their group inventories are at 3B. These are measured at lesser of cost or net realisable value. Deferred income at 1B. This is excess of deposits received for plots over the percentage completed projects. It's enough to offset the accumulated losses. You are right that they bungled fundraising for Llango and Lakeview. Kenya capital markets are still to mature. JVs look like the sure way to go. They have JVs on Migaa with Tamarind, Wadi Degla and a high tech hospital development. They have a new project near Konza. Their financials are cooked and they were penalized by CMA just one year ago.. They also recently did revaluation of their land assets to create a picture of improved strength, a farce! I cannot stop anyone from investing in HAFR, but buyers beware Their business is fairly simple... sell plots of land. Subtantiate your claims, tell us which parts of the financials are cooked in your opinion, the risks that are not factored by Mr. Market. Otherwise we will declare you a fake ass analyst, not able to ready simple financials. Kindly proceed to declare me as you may wish.. Haunilishi, haunivishi.. https://www.nse.co.ke/li...restatement-of-accounts
Published four years ag o. They used to recognize deposits as revenue but now revenue is booked once plots are transferred to owners. So do you know why the CMA asked that HAFR refunds all funds collected for the unsuccessful corporate bond Make you point, quit beating around the bush. Life is short. Live passionately.
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Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
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sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:the deal wrote:sparkly wrote:the deal wrote:sparkly wrote:Just bought myself some HAFR shares at 1.40. Speculating on their land bank which is 8-10 times their market valuation. If land bank is so lucrative. ..how come they have not been able to monetize it? With the rate cap. ..there will bloodshed in the real estate sector Buy when there is blood on the streets. Btw the deal you rated HAFR a buy at 12 when they listed. The rating was based on false financial statements which were later restated by Home Afrika itself Would your rating have been different if you looked at the year to year balance sheet and cash flow statement? A bandia firm with bandia financial statements.. Keep far away A firm coming from the dead just like your beloved KQ. This firm died upon listing.. Nothing similar to KQ Not exactly similar to KQ which depends on bailouts even for operations. Even KCB was once bailed out by GoK. Most of the listed parastatals have no real businesses but depend primarily on big brother largesse, Kenya Re being the worst of all relying on mandatory concessions. NBK with KRA main account. KPLC a monopoly. KEGN a near monopoly. EAPC dead via corruption. You get the drift? Irrelevant arguments. KQ at 17.50 versus HAFR at 1.40. HAFR will win by a huge margin at the end of the year 2018. I didn't know that we were arguing argument noun 2. a reason or set of reasons given in support of an idea, action or theory. HAFR is a very bad stock with no fundamentals, that will likely milk away good money from some innocents. Failure of their corporate bond ideas coupled with declining revenue, high debt and increasing operational costs shows that the company is living on borrowed time https://www.standardmedi...bscribers-sh300-million
Try their financials instead of relying on sub standard media- http://www.homeafrika.co...-ANNUAL-REPORT-2016.pdf
Their group inventories are at 3B. These are measured at lesser of cost or net realisable value. Deferred income at 1B. This is excess of deposits received for plots over the percentage completed projects. It's enough to offset the accumulated losses. You are right that they bungled fundraising for Llango and Lakeview. Kenya capital markets are still to mature. JVs look like the sure way to go. They have JVs on Migaa with Tamarind, Wadi Degla and a high tech hospital development. They have a new project near Konza. Their financials are cooked and they were penalized by CMA just one year ago.. They also recently did revaluation of their land assets to create a picture of improved strength, a farce! I cannot stop anyone from investing in HAFR, but buyers beware Their business is fairly simple... sell plots of land. Subtantiate your claims, tell us which parts of the financials are cooked in your opinion, the risks that are not factored by Mr. Market. Otherwise we will declare you a fake ass analyst, not able to ready simple financials. Kindly proceed to declare me as you may wish.. Haunilishi, haunivishi.. https://www.nse.co.ke/li...restatement-of-accounts
Published four years ag o. They used to recognize deposits as revenue but now revenue is booked once plots are transferred to owners. So do you know why the CMA asked that HAFR refunds all funds collected for the unsuccessful corporate bond Make you point, quit beating around the bush. My point is that the management is crooked. They even overpriced the corporate bond but still failed to attract institutional funding. Only retail investors shall remain inside HAFR and I will not allow them to get burned without my cautionary notice
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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