Wazua
»
Investor
»
Stocks
»
Home Afrika HY18
Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
|
sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:rwitre wrote:These ones have refused with results. LINKFinancial results to be released on or before 31st July 2019 Ok. Clearly this firm is disillusioned. So they are doing things in 2019 that will change what happened in 2018! Ni sawa tu At least they recognize that things are thick, dont ask for bailouts or PIIP. IMO since they have failed to raise debt publicly or privately, they should come back to us the shareholders for additional Equity capital. You have failed to get the point. Read the link with an open mind. They state that they are CURRENTLY effecting strategic changes that will affect results for the PREVIOUS financial year.. If you see nothing wrong with that, ni maombi tu ndio nitakupatia This is standard reporting practice for Post Balance Sheet events. HAFR has a duty to adjust (or disclose in) its Financial Statements positive or negative events that happened after 31 December 2018 and which may affect the viability of the company going forward. Simply put, if something happened in March 2019 to render the company bankrupt/ near bankrupt, Directors must not wait till next year to tell us so. It should be disclosed in the 2018 Accounts. They shouldn't do that nosense of rushing the Accounts then restating the figures next year. See below for your further reading. https://www.ifrs.org/iss...r-the-reporting-period/ What's your problem? Why do you want people to read when they have the so-called "Exchange Bar" to attain that info?   Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
|
obiero wrote:sparkly wrote:obiero wrote:Ebenyo wrote:The last results released for HY ended 30th June 2018 was not that bad.Home Africa needs 1 billion to stand on its feet. OK. I wait to see how they shall obtain that KES 1B  Company is still majority held by founding shareholders who happen to be very conservative middle class fellows. A new set of entrepreneurial shareholders and Directors is needed to capitalize the company and lead it on a path of ambitious growth. If I had the cash, I would launch a takeover bid. Remember if a prized cow is dead, however sad you may be, it's cheaper to conduct a burial than to seek out a vet doctor to determine whether the animal can be revived AMEN  KQ losses accumulate to Sh89.3bn in six years https://www.the-star.co....to-sh893bn-in-six-years/Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
|
VituVingiSana wrote:obiero wrote:sparkly wrote:obiero wrote:Ebenyo wrote:The last results released for HY ended 30th June 2018 was not that bad.Home Africa needs 1 billion to stand on its feet. OK. I wait to see how they shall obtain that KES 1B Company is still majority held by founding shareholders who happen to be very conservative middle class fellows. A new set of entrepreneurial shareholders and Directors is needed to capitalize the company and lead it on a path of ambitious growth. If I had the cash, I would launch a takeover bid. Remember if a prized cow is dead, however sad you may be, it's cheaper to conduct a burial than to seek out a vet doctor to determine whether the animal can be revived AMEN KQ losses accumulate to Sh89.3bn in six years https://www.the-star.co....o-sh893bn-in-six-years/
Your past must never determine your future.. Even if months ago you used to solicit intimacy along dark footpaths of Kitale streets, things change.. The future belongs to the bold who agree to reform
KQ ABP 4.26
|
|
|
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
|
VituVingiSana wrote:sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:rwitre wrote:These ones have refused with results. LINKFinancial results to be released on or before 31st July 2019 Ok. Clearly this firm is disillusioned. So they are doing things in 2019 that will change what happened in 2018! Ni sawa tu At least they recognize that things are thick, dont ask for bailouts or PIIP. IMO since they have failed to raise debt publicly or privately, they should come back to us the shareholders for additional Equity capital. You have failed to get the point. Read the link with an open mind. They state that they are CURRENTLY effecting strategic changes that will affect results for the PREVIOUS financial year.. If you see nothing wrong with that, ni maombi tu ndio nitakupatia This is standard reporting practice for Post Balance Sheet events. HAFR has a duty to adjust (or disclose in) its Financial Statements positive or negative events that happened after 31 December 2018 and which may affect the viability of the company going forward. Simply put, if something happened in March 2019 to render the company bankrupt/ near bankrupt, Directors must not wait till next year to tell us so. It should be disclosed in the 2018 Accounts. They shouldn't do that nosense of rushing the Accounts then restating the figures next year. See below for your further reading. https://www.ifrs.org/iss...r-the-reporting-period/ What's your problem? Why do you want people to read when they have the so-called "Exchange Bar" to attain that info? uchokozi Life is short. Live passionately.
|
|
|
Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale
|
Among the ailing companies in NSE Home Africa fares better! Mumias leads in negative equity position of 15 billion,followed by uchumi at 3 billion,KQ at 2.4 billion,Trans-century at 944 million and Home Africa at 505 million. Towards the goal of financial freedom
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
|
Ebenyo wrote:Among the ailing companies in NSE Home Africa fares better!
Mumias leads in negative equity position of 15 billion,followed by uchumi at 3 billion,KQ at 2.4 billion,Trans-century at 944 million and Home Africa at 505 million. Its shameful to put HAFR and KQ in the same sentence. Would caliber of Martin Oduor, Caroline Ogwapitt, Michael Joseph join the board of HAFR? Even for one day? Let's get serious about what we post
KQ ABP 4.26
|
|
|
Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale
|
obiero wrote:Ebenyo wrote:Among the ailing companies in NSE Home Africa fares better!
Mumias leads in negative equity position of 15 billion,followed by uchumi at 3 billion,KQ at 2.4 billion,Trans-century at 944 million and Home Africa at 505 million. Its shameful to put HAFR and KQ in the same sentence. Would caliber of Martin Oduor, Caroline Ogwapitt, Michael Joseph join the board of HAFR? Even for one day? Let's get serious about what we post I now know why @sparky is at Home Africa.Its a company which is very near to recovery.It just lacks funding.And technically,it performes fair with volumes of 300,000 shares trade on a good week on the trading floor. And we know you are a goodwill ambassador of KQ to promote it with something small for you beside. If HAFR had the same godfather as KQ,it could have been running smoothly long ago. Towards the goal of financial freedom
|
|
|
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
|
obiero wrote:Ebenyo wrote:Among the ailing companies in NSE Home Africa fares better!
Mumias leads in negative equity position of 15 billion,followed by uchumi at 3 billion,KQ at 2.4 billion,Trans-century at 944 million and Home Africa at 505 million. Its shameful to put HAFR and KQ in the same sentence. Would caliber of Martin Oduor, Caroline Ogwapitt, Michael Joseph join the board of HAFR? Even for one day? Let's get serious about what we post How many shares do those executives hold in KQ? Let me tell you, they have Zero, Nought, Nothing. They are just there for prestige and allowances. The only KQ Directors who hold KQ shares are: Nicholas Bodo - 1,050; Carol Musyoka - 6,675; and Michael Gichangi - 2,025. On the other hand the following Directors of HAFR have shares in the company: Ketan Shah - 4m; Mbugua Gecaga - 3m; and Dan Awendo - 256k. I feel better represented by directors who have skin in the game (to quote @VVS) than directors who are just there for prestige and allowances. Life is short. Live passionately.
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
|
sparkly wrote:obiero wrote:Ebenyo wrote:Among the ailing companies in NSE Home Africa fares better!
Mumias leads in negative equity position of 15 billion,followed by uchumi at 3 billion,KQ at 2.4 billion,Trans-century at 944 million and Home Africa at 505 million. Its shameful to put HAFR and KQ in the same sentence. Would caliber of Martin Oduor, Caroline Ogwapitt, Michael Joseph join the board of HAFR? Even for one day? Let's get serious about what we post How many shares do those executives hold in KQ? Let me tell you, they have Zero, Nought, Nothing. They are just there for prestige and allowances. The only KQ Directors who hold KQ shares are: Nicholas Bodo - 1,050; Carol Musyoka - 6,675; and Michael Gichangi - 2,025. On the other hand the following Directors of HAFR have shares in the company: Ketan Shah - 4m; Mbugua Gecaga - 3m; and Dan Awendo - 256k. I feel better represented by directors who have skin in the game (to quote @VVS) than directors who are just there for prestige and allowances. Nicholas Bodo - 1,050; [Value 5k. One free one-way flight from NBO-MBA on economy 5k+] Carol Musyoka - 6,675; and [Value 34k. One free return flight from NBO-KGL on economy 34k+] Michael Gichangi - 2,025. [Value 10k. One free retun flight from NBO-MBA on economy 10k+] If I was offered a board seat on KQ, I would take it. For the perks. So would @sparkly. Or @obiero [who probably tried under Ngunze] Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
|
VituVingiSana wrote:sparkly wrote:obiero wrote:Ebenyo wrote:Among the ailing companies in NSE Home Africa fares better!
Mumias leads in negative equity position of 15 billion,followed by uchumi at 3 billion,KQ at 2.4 billion,Trans-century at 944 million and Home Africa at 505 million. Its shameful to put HAFR and KQ in the same sentence. Would caliber of Martin Oduor, Caroline Ogwapitt, Michael Joseph join the board of HAFR? Even for one day? Let's get serious about what we post How many shares do those executives hold in KQ? Let me tell you, they have Zero, Nought, Nothing. They are just there for prestige and allowances. The only KQ Directors who hold KQ shares are: Nicholas Bodo - 1,050; Carol Musyoka - 6,675; and Michael Gichangi - 2,025. On the other hand the following Directors of HAFR have shares in the company: Ketan Shah - 4m; Mbugua Gecaga - 3m; and Dan Awendo - 256k. I feel better represented by directors who have skin in the game (to quote @VVS) than directors who are just there for prestige and allowances. Nicholas Bodo - 1,050; [Value 5k. One free one-way flight from NBO-MBA on economy 5k+] Carol Musyoka - 6,675; and [Value 34k. One free return flight from NBO-KGL on economy 34k+] Michael Gichangi - 2,025. [Value 10k. One free retun flight from NBO-MBA on economy 10k+] If I was offered a board seat on KQ, I would take it. For the perks. So would @sparkly. Or @obiero [who probably tried under Ngunze] Skin in the game counts for nothing if you can imagine what happened to Panaurana of ARM.. The NSE is a dicy place meant only for those who can afford to lose it all
KQ ABP 4.26
|
|
|
Wazua
»
Investor
»
Stocks
»
Home Afrika HY18
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|