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Housing Finance: HFCK a diamond in the rough
Rank: Member Joined: 6/1/2017 Posts: 288
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obiero wrote:I get back into this bus based on good specified information from the exchange bar.. Thank me later I would be skeptical buying into this stock where 2017 profits dipped by 86% simply because they have offered a bonus issue.Recall guys bought into the rights issue yet the stock tanked.I am not getting trapped yet again by a bonus issue.Until the bank shows massive increases in profitability I will stay away from this counter. Contrarian Investor and Trader.Advocate of free markets,limited government interference in the economy and sound money
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Rank: Elder Joined: 6/23/2009 Posts: 13,519 Location: nairobi
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slick wrote:obiero wrote:I get back into this bus based on good specified information from the exchange bar.. Thank me later I would be skeptical buying into this stock where 2017 profits dipped by 86% simply because they have offered a bonus issue.Recall guys bought into the rights issue yet the stock tanked.I am not getting trapped yet again by a bonus issue.Until the bank shows massive increases in profitability I will stay away from this counter. What are the reserves in retained earnings?
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: 13,519 Location: nairobi
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Frank Ireri takes a bow https://www.businessdail...578316-te1gcs/index.html
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: 2/26/2012 Posts: 15,980
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Good I was beginning to wonder what he's waiting for. "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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Rank: Elder Joined: 6/23/2009 Posts: 13,519 Location: nairobi
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murchr wrote:Good I was beginning to wonder what he's waiting for. It could be the breath of fresh air needed in the HF diamond mines
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: 5/25/2012 Posts: 4,105 Location: 08c
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Good riddance! cc: DPP Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 6/23/2009 Posts: 13,519 Location: nairobi
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@pesanane I doubt that FI is overtly/covertly corrupt
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: 4/21/2017 Posts: 8
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Obiero, erstwhile defender of the corrupt. You talk as if you are frank Ireri ‘s dad.Your daddy is bentlack I blade off grass with an elephant on it. Your fake insights have misled numerous people.
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Rank: Elder Joined: 6/23/2009 Posts: 13,519 Location: nairobi
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grandie wrote:Obiero, erstwhile defender of the corrupt. You talk as if you are frank Ireri ‘s dad.Your daddy is bentlack I blade off grass with an elephant on it. Your fake insights have misled numerous people. English please. I can barely interpret your misplaced rant. Support with links and dates, where the numerous people were misled
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: 5/25/2012 Posts: 4,105 Location: 08c
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obiero wrote:@pesanane I doubt that FI is overtly/covertly corrupt Quote:In March, the firm reported a Sh126.22 million after-tax profit for the year ended December, representing an 86.07 per cent slide from the previous Sh905.83 million. The 2016 profit was a 24.32 per cent drop for the listed firm.
IMr Ireri’s remuneration rose marginally to Sh64.4 million in the year ended December from Sh64 million the previous year. At Sh64.4 million, his pay is equivalent to 51 per cent of HF’s net profit in the year ended December. 2016+2017 salary = 64.4mn + 64mn = 128.4mn 2017 GROUP PAT = 126.22mn 2016 profit drop 24.3% 2017 profit drop 86.1% wow! Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 6/23/2009 Posts: 13,519 Location: nairobi
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Pesa Nane wrote:obiero wrote:@pesanane I doubt that FI is overtly/covertly corrupt Quote:In March, the firm reported a Sh126.22 million after-tax profit for the year ended December, representing an 86.07 per cent slide from the previous Sh905.83 million. The 2016 profit was a 24.32 per cent drop for the listed firm.
IMr Ireri’s remuneration rose marginally to Sh64.4 million in the year ended December from Sh64 million the previous year. At Sh64.4 million, his pay is equivalent to 51 per cent of HF’s net profit in the year ended December. 2016+2017 salary = 64.4mn + 64mn = 128.4mn 2017 GROUP PAT = 126.22mn 2016 profit drop 24.3% 2017 profit drop 86.1% wow! Victim of circumstance. HF will bounce back. It’s portfolio of assets cannot be wished away.. That collateral is golden handcuffs
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: 12/7/2012 Posts: 11,908
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obiero wrote:@pesanane I doubt that FI is overtly/covertly corrupt Uko na jokes, I know better!!! 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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Assist to do what?? GGRRRRRR, ARGHHHHH 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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Pesa Nane wrote:Assist to do what?? GGRRRRRR, ARGHHHHH Even that one year stay on should not be allowed, he should leave ASAP. 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: 6/23/2009 Posts: 13,519 Location: nairobi
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obiero wrote:mlennyma wrote:wukan wrote:obiero wrote:mlennyma wrote:obiero wrote:obiero wrote:wale walio bado ndani ya hii gari.. chungeni mfuko!!! i will explain later The price is still way too high for this stock and with a rights issue on the way, I shall buy 100 shares at 45 or below and then wait.. Fair value ignoring all emotions is KES 32 your dream may have been fake,on release of rights news the share touched 50 today meaning everybody is willing to be part of the rights January 20.2015.. I foresaw the turmoil as guided by the exchange bar, but lust pulled me back into HF, now im down 52%, waiting for some info tomorrow upon which I will decide whether to bite the bullet or ride the bear I was pulled in by the Komarock housing scheme too much faith that Komarock heights would do well with the outer ring road but I should have scrutinized the capital structure and liquidity ratios. Tied up my capital in this value trap. I also heard another bank saying it was duped by a report to sink 400m in uchumi and wants refund so you are not alone Terrible turn of events at JBB HFCK should position itself under Big 4
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: 13,519 Location: nairobi
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kaka2za wrote:mlennyma wrote:after obiero said hfck wont clock 30 this year,who takes his words serious??? I do. His predictions on KQ have been spot on! : Cough..
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: 13,519 Location: nairobi
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MaichBlack wrote:mlennyma wrote:after obiero said hfck wont clock 30 this year,who takes his words serious??? Give credit where it's due!!! @Obiero started this thread and he's probably made almost 100% from this stock in 18 months. He then moved to KQ where I guess he's already at +40% in a couple of months. I think the guy is doing well for himself. You can't call stocks 100% otherwise we'd ALL be rich!! @Obiero has balls. He states what he is buying and at what prices. For one to challenge him on a level playing field, they should also state what they are buying and at what prices (immediately after buying - not historical figures). Well HF never went back to KES 30.. Not a prophet but it's now a penny stock.. Never fall in love with any stock
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: 13,519 Location: nairobi
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cnn wrote:obiero wrote:obiero wrote:Mukiri wrote:obiero wrote:Aguytrying wrote:obiero wrote:WaHande wrote:could it be a good buy at its current rate??
It is a good buy if you are comfortable with a return not exceeding 10% this year. It definitely cannot go beyond KES 30 before next year. I said the same in Q1 this year and some people tried to shut me up @former driver. how do you know it cant go beyond 30.00? how do you know? stocks can't be predicted with the certainty you are trying to employ here haha. yaani unaniita former driver. kuwa mpole.. sorry to appear too certain, indeed one cannot be 100% certain but I am 99.9% based on analysis of the charts plus macro environment in the mortgage subsector. i am a seasoned analyst who has only lost KES 48,250 since starting trade in 2006 at NSE where the same loss was fully recovered by gains in excess of 5million.. safaricom is the culprit share which I sold on panic When I grow up(in stocks) I want to talk like you! That is far much less than I've lost just this year! And I certainly haven't made anything close to your 5M Dont get me wrong. There are times the value of stock in my portfolio has gone down. Its js that I rarely have short term trades. I have benefited from relatively high returns, mostly over 70%, by having called correct entry level on Kengen, Stanbic Uganda, HFCK, Bralirwa, Centum, KCB and rode them wisely for upto 3-4 years. Look at start date of this very thread as a basic example. For now, my chips are solidly on KQ.. KES 30 imenuna! Ujuzi nayo? Ha!,which is this stock that endlessly soars to the next price level?,your beloved KQ would be at over 15 by now,......ama 15 ilinuna? Throwback to 2016.. Well it's taken time though KQ traded at KES 18.5 just 8 months ago.. As for HFCK, the interest cap didn't spare any bank lower than tier 1 but if they can reinvent under the housing agenda.. It may be well with them
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:cnn wrote:obiero wrote:obiero wrote:Mukiri wrote:obiero wrote:Aguytrying wrote:obiero wrote:WaHande wrote:could it be a good buy at its current rate??
It is a good buy if you are comfortable with a return not exceeding 10% this year. It definitely cannot go beyond KES 30 before next year. I said the same in Q1 this year and some people tried to shut me up @former driver. how do you know it cant go beyond 30.00? how do you know? stocks can't be predicted with the certainty you are trying to employ here haha. yaani unaniita former driver. kuwa mpole.. sorry to appear too certain, indeed one cannot be 100% certain but I am 99.9% based on analysis of the charts plus macro environment in the mortgage subsector. i am a seasoned analyst who has only lost KES 48,250 since starting trade in 2006 at NSE where the same loss was fully recovered by gains in excess of 5million.. safaricom is the culprit share which I sold on panic When I grow up(in stocks) I want to talk like you! That is far much less than I've lost just this year! And I certainly haven't made anything close to your 5M Dont get me wrong. There are times the value of stock in my portfolio has gone down. Its js that I rarely have short term trades. I have benefited from relatively high returns, mostly over 70%, by having called correct entry level on Kengen, Stanbic Uganda, HFCK, Bralirwa, Centum, KCB and rode them wisely for upto 3-4 years. Look at start date of this very thread as a basic example. For now, my chips are solidly on KQ.. KES 30 imenuna! Ujuzi nayo? Ha!,which is this stock that endlessly soars to the next price level?,your beloved KQ would be at over 15 by now,......ama 15 ilinuna? Throwback to 2016.. Well it's taken time though KQ traded at KES 18.5 just 8 months ago.. As for HFCK, the interest cap didn't spare any bank lower than tier 1 but if they can reinvent under the housing agenda.. It may be well with them Lessons learn't. Investment is the art of avoiding losses, not getting the highest returns. Life is short. Live passionately.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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obiero wrote:obiero wrote:mlennyma wrote:wukan wrote:obiero wrote:mlennyma wrote:obiero wrote:obiero wrote:wale walio bado ndani ya hii gari.. chungeni mfuko!!! i will explain later The price is still way too high for this stock and with a rights issue on the way, I shall buy 100 shares at 45 or below and then wait.. Fair value ignoring all emotions is KES 32 your dream may have been fake,on release of rights news the share touched 50 today meaning everybody is willing to be part of the rights January 20.2015.. I foresaw the turmoil as guided by the exchange bar, but lust pulled me back into HF, now im down 52%, waiting for some info tomorrow upon which I will decide whether to bite the bullet or ride the bear I was pulled in by the Komarock housing scheme too much faith that Komarock heights would do well with the outer ring road but I should have scrutinized the capital structure and liquidity ratios. Tied up my capital in this value trap. I also heard another bank saying it was duped by a report to sink 400m in uchumi and wants refund so you are not alone Terrible turn of events at JBB HFCK should position itself under Big 4 Big Four the Tier 1 banks have taken positions Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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