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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:obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:Spikes wrote:obiero wrote:sparkly wrote:Added some HAFR today at 1.40 which is surprising since my order wasn't filled yesterday but I got in today when the range was 1.40-1.55. I guess someone was keen to take profits.
My target is 100,000 shares. Naona utakuwa fukara my brother. But since you have committed to action, I can only wish you the best from the bottom of my as Fukara kivipi?...I believe @sparkly has insider info concerning upcoming restructuring. HAFR has been in advanced stage looking for a strategic investor(s). I think negotiations are ongoing. No insider information. My buys are based on the 3B inventories held by the company and 1B in deferred income vis a vis their market capitalization of 0.5B. Morningside Park Migaa Mitini Scapes Tamarind Tree Lakeview Heights 2.2B of the said inventory is stalled work in progress apart from Morningside which cannot be worth more than KES 125M. Page 59-61 note 16 and 19 deffered income refers to anticipated income for projects yet to be completed! Bandia stock http://www.homeafrika.co...-ANNUAL-REPORT-2016.pdf
1. Migaa 774 Acres, Lakeview 97 Acres, Llango Kwale 22 Acres, Kerobi plains Isinya 140 Acres. Total 1,032 Acres. 2. Even if all projects are considered failed and land is sold raw and undeveloped the company market capitalisation of 0.5B implies a valuation of KShs 500k per acre. ^ Simplified for demo only. That's where the exchange bar cometh to help you out. Most of the land is collateral at I&M, Chase, & NIC.. HAFR has pledged legal charge on the prime collateral hence the same currently belongs to the bank and not HAFR Sounds like a listed firm I know... I think this one "owns" some flying contraptions. Hehe. Airline and real estate are world's apart in business strategy I am no fan of HAFR but I hope it survives and succeeds... It's going to be tough for real estate developers unless interest rates come down to reasonable levels WITHOUT interest rate caps. Folks love GoK securities yielding 12% after tax. @vvs I am also not a fan and I do not wish the firm to die but I can see the symptoms From the word go, my venture into HAFR is speculative. I don't consider HAFR investment grade. @sparkly please favor us with an update of this bandia firm, I note you bought at KES 1.40 and we are now headed to sumuni territory My 30k Shares cost KShs 42.9k. Even if the company is liquidated today my maximum loss is KShs 42.9k. I speculate within my risk tolerance levels. Life is short. Live passionately.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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HAL CEO says that the problem is with the founding shareholders. They want to micro-manage the company. https://www.the-star.co....gaatamarind-ceo_c1748225Life is short. Live passionately.
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Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
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Cardinal sin has been committed.. No CEO should ever hit out at the owners in this way
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 3/20/2008 Posts: 503
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obiero wrote:Cardinal sin has been committed.. No CEO should ever hit out at the owners in this way He didn't hit out at them. He was speaking about the firm's past problems which culminated in his appointment to the CEO as one of the possible solutions. The founding shareholders/ chairman had said as much in the annual report 1 or 2 years back. He was on the board for some time prior to the CEO role after all.
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Rank: Member Joined: 3/20/2008 Posts: 503
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sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:Spikes wrote:obiero wrote:sparkly wrote:Added some HAFR today at 1.40 which is surprising since my order wasn't filled yesterday but I got in today when the range was 1.40-1.55. I guess someone was keen to take profits.
My target is 100,000 shares. Naona utakuwa fukara my brother. But since you have committed to action, I can only wish you the best from the bottom of my as Fukara kivipi?...I believe @sparkly has insider info concerning upcoming restructuring. HAFR has been in advanced stage looking for a strategic investor(s). I think negotiations are ongoing. No insider information. My buys are based on the 3B inventories held by the company and 1B in deferred income vis a vis their market capitalization of 0.5B. Morningside Park Migaa Mitini Scapes Tamarind Tree Lakeview Heights 2.2B of the said inventory is stalled work in progress apart from Morningside which cannot be worth more than KES 125M. Page 59-61 note 16 and 19 deffered income refers to anticipated income for projects yet to be completed! Bandia stock http://www.homeafrika.co...-ANNUAL-REPORT-2016.pdf
1. Migaa 774 Acres, Lakeview 97 Acres, Llango Kwale 22 Acres, Kerobi plains Isinya 140 Acres. Total 1,032 Acres. 2. Even if all projects are considered failed and land is sold raw and undeveloped the company market capitalisation of 0.5B implies a valuation of KShs 500k per acre. ^ Simplified for demo only. That's where the exchange bar cometh to help you out. Most of the land is collateral at I&M, Chase, & NIC.. HAFR has pledged legal charge on the prime collateral hence the same currently belongs to the bank and not HAFR Sounds like a listed firm I know... I think this one "owns" some flying contraptions. Hehe. Airline and real estate are world's apart in business strategy I am no fan of HAFR but I hope it survives and succeeds... It's going to be tough for real estate developers unless interest rates come down to reasonable levels WITHOUT interest rate caps. Folks love GoK securities yielding 12% after tax. @vvs I am also not a fan and I do not wish the firm to die but I can see the symptoms From the word go, my venture into HAFR is speculative. I don't consider HAFR investment grade. @sparkly please favor us with an update of this bandia firm, I note you bought at KES 1.40 and we are now headed to sumuni territory My 30k Shares cost KShs 42.9k. Even if the company is liquidated today my maximum loss is KShs 42.9k. I speculate within my risk tolerance levels. Haha..@sparkly.....all along you do have some maneno firms in the portfolio? 
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Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
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xxxxx wrote:obiero wrote:Cardinal sin has been committed.. No CEO should ever hit out at the owners in this way He didn't hit out at them. He was speaking about the firm's past problems which culminated in his appointment to the CEO as one of the possible solutions. The founding shareholders/ chairman had said as much in the annual report 1 or 2 years back. He was on the board for some time prior to the CEO role after all. Oh. OK. Makes sense. Hopefully he holds some HAL shares as the CEO
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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xxxxx wrote:sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:Spikes wrote:obiero wrote:sparkly wrote:Added some HAFR today at 1.40 which is surprising since my order wasn't filled yesterday but I got in today when the range was 1.40-1.55. I guess someone was keen to take profits.
My target is 100,000 shares. Naona utakuwa fukara my brother. But since you have committed to action, I can only wish you the best from the bottom of my as Fukara kivipi?...I believe @sparkly has insider info concerning upcoming restructuring. HAFR has been in advanced stage looking for a strategic investor(s). I think negotiations are ongoing. No insider information. My buys are based on the 3B inventories held by the company and 1B in deferred income vis a vis their market capitalization of 0.5B. Morningside Park Migaa Mitini Scapes Tamarind Tree Lakeview Heights 2.2B of the said inventory is stalled work in progress apart from Morningside which cannot be worth more than KES 125M. Page 59-61 note 16 and 19 deffered income refers to anticipated income for projects yet to be completed! Bandia stock http://www.homeafrika.co...-ANNUAL-REPORT-2016.pdf
1. Migaa 774 Acres, Lakeview 97 Acres, Llango Kwale 22 Acres, Kerobi plains Isinya 140 Acres. Total 1,032 Acres. 2. Even if all projects are considered failed and land is sold raw and undeveloped the company market capitalisation of 0.5B implies a valuation of KShs 500k per acre. ^ Simplified for demo only. That's where the exchange bar cometh to help you out. Most of the land is collateral at I&M, Chase, & NIC.. HAFR has pledged legal charge on the prime collateral hence the same currently belongs to the bank and not HAFR Sounds like a listed firm I know... I think this one "owns" some flying contraptions. Hehe. Airline and real estate are world's apart in business strategy I am no fan of HAFR but I hope it survives and succeeds... It's going to be tough for real estate developers unless interest rates come down to reasonable levels WITHOUT interest rate caps. Folks love GoK securities yielding 12% after tax. @vvs I am also not a fan and I do not wish the firm to die but I can see the symptoms From the word go, my venture into HAFR is speculative. I don't consider HAFR investment grade. @sparkly please favor us with an update of this bandia firm, I note you bought at KES 1.40 and we are now headed to sumuni territory My 30k Shares cost KShs 42.9k. Even if the company is liquidated today my maximum loss is KShs 42.9k. I speculate within my risk tolerance levels. Haha..@sparkly.....all along you do have some maneno firms in the portfolio? Hehehe everyone has a monkey in their bag. That is why I took profits from ARM and ran. Can't afford to carry too many monkeys. Life is short. Live passionately.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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HAL abandoned Lakeview (Kisumu) and Llango (Kwale). Page 73 of this ingrated report - https://www.google.com/u...w0ULJ4lQfVTd62xIKz8Gwij
Wonder why it wasn't reported in the news. Life is short. Live passionately.
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Rank: Veteran Joined: 4/23/2014 Posts: 909
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I've always wondered, HAL uses homes/apartments as a product, have you any idea how long it takes to produce and sell one of their products? No wonder Eveready is trading at a higher price. “You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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HaMaina wrote:I've always wondered, HAL uses homes/apartments as a product, have you any idea how long it takes to produce and sell one of their products? No wonder Eveready is trading at a higher price. Typical real estate project cycle from identification of land to planning to permitting to financing to construction and selling is 10-15 years. 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:HaMaina wrote:I've always wondered, HAL uses homes/apartments as a product, have you any idea how long it takes to produce and sell one of their products? No wonder Eveready is trading at a higher price. Typical real estate project cycle from identification of land to planning to permitting to financing to construction and selling is 10-15 years. I would have guessed 5years for smaller projects of about 10-30units
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:HaMaina wrote:I've always wondered, HAL uses homes/apartments as a product, have you any idea how long it takes to produce and sell one of their products? No wonder Eveready is trading at a higher price. Typical real estate project cycle from identification of land to planning to permitting to financing to construction and selling is 10-15 years. I would have guessed 5years for smaller projects of about 10-30units
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:HaMaina wrote:I've always wondered, HAL uses homes/apartments as a product, have you any idea how long it takes to produce and sell one of their products? No wonder Eveready is trading at a higher price. Typical real estate project cycle from identification of land to planning to permitting to financing to construction and selling is 10-15 years. I would have guessed 5years for smaller projects of about 10-30units The bigger the longer they take. Life is short. Live passionately.
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Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
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KES 0.75 per share, ladden with debt, unprofitable, rudder less.. Investment at the NSE is not easy
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:KES 0.75 per share, ladden with debt, unprofitable, rudder less.. Investment at the NSE is not easy True, I have a 50% loss on this share. Similar to your loss on KQ. Let us see who will get out of ICU first. 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:KES 0.75 per share, ladden with debt, unprofitable, rudder less.. Investment at the NSE is not easy True, I have a 50% loss on this share. Similar to your loss on KQ. Let us see who will get out of ICU first. KQ already out of ICU, now at HDU.. Half year results to be announced on Wednesday which will give more perspective as we await the KAA-KQ tie up
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: 12/4/2009 Posts: 10,684 Location: NAIROBI
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obiero wrote:KES 0.75 per share, ladden with debt, unprofitable, rudder less.. Investment at the NSE is not easy This firm should just be put under administration. And any firm with share price below ksh.1 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Ericsson wrote:obiero wrote:KES 0.75 per share, ladden with debt, unprofitable, rudder less.. Investment at the NSE is not easy This firm should just be put under administration. And any firm with share price below ksh.1 What are you smoking? Life is short. Live passionately.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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sparkly wrote:Ericsson wrote:obiero wrote:KES 0.75 per share, ladden with debt, unprofitable, rudder less.. Investment at the NSE is not easy This firm should just be put under administration. And any firm with share price below ksh.1 What are you smoking? Cheap weed kutoka Migori. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Spikes wrote:sparkly wrote:Ericsson wrote:obiero wrote:KES 0.75 per share, ladden with debt, unprofitable, rudder less.. Investment at the NSE is not easy This firm should just be put under administration. And any firm with share price below ksh.1 What are you smoking? Cheap weed kutoka Migori. By the way who keeps on selling at such ridiculous low loss prices? 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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