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HF 1Q19
Pesa Nane
#1 Posted : Tuesday, June 04, 2019 12:16:47 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Bure Kabisa!


Pesa Nane plans to be shilingi when he grows up.
mlennyma
#2 Posted : Tuesday, June 04, 2019 2:13:38 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
Economic crime on shareholders.
"Don't let the fear of losing be greater than the excitement of winning."
obiero
#3 Posted : Tuesday, June 04, 2019 8:28:52 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,517
Location: nairobi
mlennyma wrote:
Economic crime on shareholders.

Capital assassination

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
Jon Jones
#4 Posted : Wednesday, June 05, 2019 12:27:31 AM
Rank: Member


Joined: 9/11/2015
Posts: 244
Location: Thika
This is a horror story. I wouldn't advise anyone that doesn't know how to read financial statements to invest in stocks. They would be flying blind. All the smart money including Equity dumped this monkey like a hot potato. Britam is now holding one of the heaviest bags in the history of NSE.
Since men have learned to shoot without missing, I have learned to fly without perching
VituVingiSana
#5 Posted : Wednesday, June 05, 2019 3:05:26 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
Questions investors need to ask.


Now that it has dropped to the 4.50 level, is it worth buying?
Can it be an acquisition target for a stronger bank just as NBK was bought out by KCB?
Or Jamii by CBA.
If yes, at what price?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#6 Posted : Wednesday, June 05, 2019 5:52:50 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,517
Location: nairobi
VituVingiSana wrote:
Questions investors need to ask.


Now that it has dropped to the 4.50 level, is it worth buying?
Can it be an acquisition target for a stronger bank just as NBK was bought out by KCB?
Or Jamii by CBA.
If yes, at what price?

Their asset book is interesting as it is secured by and large by titled property. Only frequent judicial hurdles hurt recovery of owed sums. It is possible that HF may raise from the dead

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
VituVingiSana
#7 Posted : Wednesday, June 05, 2019 8:09:38 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
https://www.hfgroup.co.ke/ is dead 😂
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#8 Posted : Wednesday, June 05, 2019 1:41:13 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
VituVingiSana wrote:
Questions investors need to ask.


Now that it has dropped to the 4.50 level, is it worth buying?
Can it be an acquisition target for a stronger bank just as NBK was bought out by KCB?
Or Jamii by CBA.
If yes, at what price?

Coop bank can acquire the good book to grow its share of Mortgage business
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
obiero
#9 Posted : Wednesday, June 05, 2019 1:44:25 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,517
Location: nairobi
Ericsson wrote:
VituVingiSana wrote:
Questions investors need to ask.


Now that it has dropped to the 4.50 level, is it worth buying?
Can it be an acquisition target for a stronger bank just as NBK was bought out by KCB?
Or Jamii by CBA.
If yes, at what price?

Coop bank can acquire the good book to grow its share of Mortgage business

HF isn't a distressed bank to warrant takeover.. Just had large facilities turning against them in the NPL coupled with reduced lending due to the economic crunch.. Once the economic engine turns back on, it will be well

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
Ericsson
#10 Posted : Wednesday, June 05, 2019 1:48:28 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
obiero wrote:
Ericsson wrote:
VituVingiSana wrote:
Questions investors need to ask.


Now that it has dropped to the 4.50 level, is it worth buying?
Can it be an acquisition target for a stronger bank just as NBK was bought out by KCB?
Or Jamii by CBA.
If yes, at what price?

Coop bank can acquire the good book to grow its share of Mortgage business

HF isn't a distressed bank to warrant takeover.. Just had large facilities turning against them in the NPL coupled with reduced lending due to the economic crunch.. Once the economic engine turns back on, it will be well


Swiss Re and private equity investors in Britam are pushing britam to exit from Housing finance
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#11 Posted : Wednesday, June 05, 2019 10:38:08 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
obiero wrote:
Ericsson wrote:
VituVingiSana wrote:
Questions investors need to ask.


Now that it has dropped to the 4.50 level, is it worth buying?
Can it be an acquisition target for a stronger bank just as NBK was bought out by KCB?
Or Jamii by CBA.
If yes, at what price?

Coop bank can acquire the good book to grow its share of Mortgage business

HF isn't a distressed bank to warrant takeover.. Just had large facilities turning against them in the NPL coupled with reduced lending due to the economic crunch.. Once the economic engine turns back on, it will be well

Who ends up with the "bad book" if the "good book" is sold unless HF is taken through administration like Chase and Imperial?
HF will need capital given it is very close to the minimum of one of the Capital Ratios as shown in the UNAUDITED 1Q 2019 results.
NPLs are a fact of life. Look at how I&M has to fight off frivolous objections by Watu Wa Othaya. Does HF have time on its side to manage the NPLs?
When will the economic engine turn?

Only the strong or favored will survive the next 3 years under #TanoTena.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Wakanyugi
#12 Posted : Wednesday, June 05, 2019 10:39:20 PM
Rank: Veteran


Joined: 7/3/2007
Posts: 1,634
Ericsson wrote:
VituVingiSana wrote:
Questions investors need to ask.


Now that it has dropped to the 4.50 level, is it worth buying?
Can it be an acquisition target for a stronger bank just as NBK was bought out by KCB?
Or Jamii by CBA.
If yes, at what price?

Coop bank can acquire the good book to grow its share of Mortgage business


I actually think Meba would be a better suitor. Equity's mortgage unit is pretty weak. HFCK would be a great addition to their retail banking model, which they have clearly perfected and now need to extend.
"The opposite of a correct statement is a false statement. But the opposite of a profound truth may well be another profound truth." (Niels Bohr)
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