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Housing Finance: HFCK a diamond in the rough
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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RIEK01 wrote:I was making a payment to HF from my bank and tied using PESALINK to my surprise,they are not connected.To me, this tells alot about the institution. Make money and run Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 7/3/2007 Posts: 1,634
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Superprime1 wrote:VituVingiSana wrote:HF has trades of 100,000+ shares at 7.30 Something seems to have changed at HF: if it's the numbers, Q3 will give a clue and FY 2019 will provide full judgement. Anything else, time will tell; afterall, the watchdogs (CMA etc.) don't work for retail investors!   The only change I can see is the rumor that the bank is being prepared for acquisition. Offloading housing stock at fire-sale prices, to clean up its loan book I suspect, is a loss making proposition. In ordinary times this would have been enough to see the share punished by the market. We walk in strange times. "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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Rank: Veteran Joined: 7/3/2007 Posts: 1,634
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obiero wrote:Wakanyugi wrote:obiero wrote:snifadog wrote:this board is falling for shillmaster Obiero's pump and dump games. this counter will retrace back to the gutter. No sensible trader can touch this thing with such sahara-esque volumes Are you saying @Fyatu is not sensible? What is this tirade about. How can I pump and dump what I do not own This was a 'vapour' rally, fueled by nothing but Wazoo type moshene. Otherwsie nothing has changed in the company, or market, fundamentals to justify the rise in share price (where is Mugundaman to yell Casino when you need him?) Let me see if I can start another mini stampede. Does anyone have info that Safaricom is finally about to acquire that long rumored Bank licence? Otherwise how to explain the 'you can leave your money in Mpesa' advertising campaign they are doing to beef up their float? Come to think of it, it is not such a stretch. Subscriptions have plateaued, voice income is threatened and the competition is getting more daring. Ergo, they need a new gig. And they have the capital to secure a bank licence through acquisition. If Meba can run health clinics...why not the green monster bank? Bitterness Casino! BTW could you pump Kenya Power for me? I want to offload.  "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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Rank: Member Joined: 11/17/2018 Posts: 173 Location: Mars
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Volumes indicate a buying climax. If the rally is purely speculative, this may not end well for buyers at current levels. If indeed there is something concrete like a buyout, then share is still highly disconnected from its potential buyout price. It is unbelievable that the book value of this share is c. 26+ (10,371,446,000÷384,614,168)
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Extraterrestrial wrote:Volumes indicate a selling climax. If the rally is purely speculative, this may not end well for buyers at current levels. If indeed there is something concrete like a buyout, then share is still highly disconnected from its potential buyout price. It is unbelievable that the book value of this share is c. 26+ (10,371,446,000÷384,614,168) 1.05mn shares traded at a solid price of 7 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 7/1/2014 Posts: 903 Location: sky
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Ericsson wrote:Extraterrestrial wrote:Volumes indicate a selling climax. If the rally is purely speculative, this may not end well for buyers at current levels. If indeed there is something concrete like a buyout, then share is still highly disconnected from its potential buyout price. It is unbelievable that the book value of this share is c. 26+ (10,371,446,000÷384,614,168) 1.05mn shares traded at a solid price of 7 they created 500m new shares, may be its a strategic investor at a high price and the rally is share correction towards that price known by some insiders There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Rank: Member Joined: 11/17/2018 Posts: 173 Location: Mars
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Maybe this article started the party for speculators. Fund manager buys then pumps? HF reduces bad loans by Sh2bn in 6 months https://www.google.com/a...asAMP-42nj20z/index.html
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Rank: Member Joined: 5/2/2018 Posts: 267
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[quote=Extraterrestrial]Maybe this article started the party for speculators. Fund manager buys then pumps? HF reduces bad loans by Sh2bn in 6 months https://www.google.com/a...sAMP-42nj20z/index.html[/quote] It's highly likely that this was (demand has fizzled out) a pump and dump; and now begins the journey to the bottom.
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Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
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Extraterrestrial wrote:Volumes indicate a buying climax. If the rally is purely speculative, this may not end well for buyers at current levels. If indeed there is something concrete like a buyout, then share is still highly disconnected from its potential buyout price. It is unbelievable that the book value of this share is c. 26+ (10,371,446,000÷384,614,168) What is unbelievable about KES 26.. This thing once lived at KES 40 levels
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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Superprime1 wrote:[quote=Extraterrestrial]Maybe this article started the party for speculators. Fund manager buys then pumps? HF reduces bad loans by Sh2bn in 6 months https://www.google.com/a...sAMP-42nj20z/index.html[/quote] It's highly likely that this was (demand has fizzled out) a pump and dump; and now begins the journey to the bottom. Utajua hujui! In the event that HF posts a profit, minimum KES 18 will be sighted
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: 11/17/2018 Posts: 173 Location: Mars
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obiero wrote:Superprime1 wrote:[quote=Extraterrestrial]Maybe this article started the party for speculators. Fund manager buys then pumps? HF reduces bad loans by Sh2bn in 6 months https://www.google.com/a...sAMP-42nj20z/index.html[/quote] It's highly likely that this was (demand has fizzled out) a pump and dump; and now begins the journey to the bottom. Utajua hujui! In the event that HF posts a profit, minimum KES 18 will be sighted The profitable value banking counters seem to be finding support close to 50% of book value (eg. DTB, NIC). @littledove above says that 500m new shares to be created; BV plunges to c. 11.7.
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Rank: Member Joined: 11/17/2018 Posts: 173 Location: Mars
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"The total number of houses in the area has grown to more than 350 with only 100 parking lots. You should see how people double park here at night Everyone keeps on getting late for work since you have to wake up about two resident’s to move their cars so you can leave. In addition, the management has squandered service charge and the place is falling apart." https://www.cnyakundi.co...inance-company-of-kenya/
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Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
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KES 7.70 prints.. Top performer at the NSE YTD
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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obiero wrote:KES 7.70 prints.. Top performer at the NSE YTD True. 100 shares @ 7.70 traded. Good call. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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obiero wrote:KES 7.70 prints.. Top performer at the NSE YTD You were once our captain here and jumped out at 30bob  "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
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mlennyma wrote:obiero wrote:KES 7.70 prints.. Top performer at the NSE YTD You were once our captain here and jumped out at 30bob Immediately I confirm the return to profit, I will be back as the driver
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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mlennyma wrote:obiero wrote:KES 7.70 prints.. Top performer at the NSE YTD You were once our captain here and jumped out at 30bob He jumped out at 22 Life is short. Live passionately.
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Rank: Member Joined: 6/6/2016 Posts: 165 Location: Nairobi
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VituVingiSana wrote:obiero wrote:KES 7.70 prints.. Top performer at the NSE YTD True. 100 shares @ 7.70 traded. Good call. Imagine doing TA and other chart hubris based on trades of Kenyan shillings 770! senior Obiero this counter will be the end of you.
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Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
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snifadog wrote:VituVingiSana wrote:obiero wrote:KES 7.70 prints.. Top performer at the NSE YTD True. 100 shares @ 7.70 traded. Good call. Imagine doing TA and other chart hubris based on trades of Kenyan shillings 770! senior Obiero this counter will be the end of you. The trade today does not represent the action over the last 5 weeks. 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: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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obiero wrote:snifadog wrote:VituVingiSana wrote:obiero wrote:KES 7.70 prints.. Top performer at the NSE YTD True. 100 shares @ 7.70 traded. Good call. Imagine doing TA and other chart hubris based on trades of Kenyan shillings 770! senior Obiero this counter will be the end of you. The trade today does not represent the action over the last 5 weeks. Watch and learn VWAP for 18,800 shares was 6.98 Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Housing Finance: HFCK a diamond in the rough
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