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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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My 2 cents wrote:Ericsson wrote:My 2 cents wrote:Fyatu wrote:obiero wrote:
Be ready to trade and leave alone emotions and theories
This is key. Spoken like a true elder. An elder would tell you trading the NSE will get your head handed to you. Commissions of 2.2% going in and another 2.2% going out. Don't trade this market. If you have to trade, take it to the fish market. To trade target a minimum return of 25% so that when you remove commissions it comes to 20% Lets put this in practice hypothetically. Pick one stock tomorrow, which you think will go up 25% in the next 7 months. Then lets circle back in Jun 2022. Please report tomorrow which that stock is so that we record tomorrows price. Theory always much easier than action. I've done it and it has worked,and that is how I came up with the figure. This is not theory but action. The practice is as below; I bought KCB a year ago at Ksh.35,KCB is now trading at ksh.45.9,that is a return of 31.1%. If I remove commissions at let's say 5%,that is a return of 26%. Adding the ksh.1 dividend they paid,return goes even higher. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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So who is heading HF now? Is it Kibaara or Oduori? Business opportunities are like buses,there's always another one coming
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Rank: Veteran Joined: 6/2/2010 Posts: 1,066
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Ericsson wrote:My 2 cents wrote:Ericsson wrote:My 2 cents wrote:Fyatu wrote:obiero wrote:
Be ready to trade and leave alone emotions and theories
This is key. Spoken like a true elder. An elder would tell you trading the NSE will get your head handed to you. Commissions of 2.2% going in and another 2.2% going out. Don't trade this market. If you have to trade, take it to the fish market. To trade target a minimum return of 25% so that when you remove commissions it comes to 20% Lets put this in practice hypothetically. Pick one stock tomorrow, which you think will go up 25% in the next 7 months. Then lets circle back in Jun 2022. Please report tomorrow which that stock is so that we record tomorrows price. Theory always much easier than action. I've done it and it has worked,and that is how I came up with the figure. This is not theory but action. The practice is as below; I bought KCB a year ago at Ksh.35,KCB is now trading at ksh.45.9,that is a return of 31.1%. If I remove commissions at let's say 5%,that is a return of 26%. Adding the ksh.1 dividend they paid,return goes even higher. 2020 to 2021 is covid rebound returns. Lets test with 2021 going into 2022. Pick a stock.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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My 2 cents wrote:Ericsson wrote:My 2 cents wrote:Ericsson wrote:My 2 cents wrote:Fyatu wrote:obiero wrote:
Be ready to trade and leave alone emotions and theories
This is key. Spoken like a true elder. An elder would tell you trading the NSE will get your head handed to you. Commissions of 2.2% going in and another 2.2% going out. Don't trade this market. If you have to trade, take it to the fish market. To trade target a minimum return of 25% so that when you remove commissions it comes to 20% Lets put this in practice hypothetically. Pick one stock tomorrow, which you think will go up 25% in the next 7 months. Then lets circle back in Jun 2022. Please report tomorrow which that stock is so that we record tomorrows price. Theory always much easier than action. I've done it and it has worked,and that is how I came up with the figure. This is not theory but action. The practice is as below; I bought KCB a year ago at Ksh.35,KCB is now trading at ksh.45.9,that is a return of 31.1%. If I remove commissions at let's say 5%,that is a return of 26%. Adding the ksh.1 dividend they paid,return goes even higher. 2020 to 2021 is covid rebound returns. Lets test with 2021 going into 2022. Pick a stock. When the prices become attractive. Buying requires a plan and strategy that includes timing. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 6/2/2010 Posts: 1,066
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Ericsson wrote:My 2 cents wrote:Ericsson wrote:My 2 cents wrote:Ericsson wrote:My 2 cents wrote:Fyatu wrote:obiero wrote:
Be ready to trade and leave alone emotions and theories
This is key. Spoken like a true elder. An elder would tell you trading the NSE will get your head handed to you. Commissions of 2.2% going in and another 2.2% going out. Don't trade this market. If you have to trade, take it to the fish market. To trade target a minimum return of 25% so that when you remove commissions it comes to 20% Lets put this in practice hypothetically. Pick one stock tomorrow, which you think will go up 25% in the next 7 months. Then lets circle back in Jun 2022. Please report tomorrow which that stock is so that we record tomorrows price. Theory always much easier than action. I've done it and it has worked,and that is how I came up with the figure. This is not theory but action. The practice is as below; I bought KCB a year ago at Ksh.35,KCB is now trading at ksh.45.9,that is a return of 31.1%. If I remove commissions at let's say 5%,that is a return of 26%. Adding the ksh.1 dividend they paid,return goes even higher. 2020 to 2021 is covid rebound returns. Lets test with 2021 going into 2022. Pick a stock. When the prices become attractive. Buying requires a plan and strategy that includes timing. I definately play a different game.I buy and hold through thick and thin collecting dividends along the way. Dividends have kept me sane through the long bear market.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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My 2 cents wrote:Ericsson wrote:My 2 cents wrote:Ericsson wrote:My 2 cents wrote:Ericsson wrote:My 2 cents wrote:Fyatu wrote:obiero wrote:
Be ready to trade and leave alone emotions and theories
This is key. Spoken like a true elder. An elder would tell you trading the NSE will get your head handed to you. Commissions of 2.2% going in and another 2.2% going out. Don't trade this market. If you have to trade, take it to the fish market. To trade target a minimum return of 25% so that when you remove commissions it comes to 20% Lets put this in practice hypothetically. Pick one stock tomorrow, which you think will go up 25% in the next 7 months. Then lets circle back in Jun 2022. Please report tomorrow which that stock is so that we record tomorrows price. Theory always much easier than action. I've done it and it has worked,and that is how I came up with the figure. This is not theory but action. The practice is as below; I bought KCB a year ago at Ksh.35,KCB is now trading at ksh.45.9,that is a return of 31.1%. If I remove commissions at let's say 5%,that is a return of 26%. Adding the ksh.1 dividend they paid,return goes even higher. 2020 to 2021 is covid rebound returns. Lets test with 2021 going into 2022. Pick a stock. When the prices become attractive. Buying requires a plan and strategy that includes timing. I definately play a different game.I buy and hold through thick and thin collecting dividends along the way. Dividends have kept me sane through the long bear market. To each with their own strategy. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
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Ericsson wrote:My 2 cents wrote:Ericsson wrote:My 2 cents wrote:Ericsson wrote:My 2 cents wrote:Ericsson wrote:My 2 cents wrote:Fyatu wrote:obiero wrote:
Be ready to trade and leave alone emotions and theories
This is key. Spoken like a true elder. An elder would tell you trading the NSE will get your head handed to you. Commissions of 2.2% going in and another 2.2% going out. Don't trade this market. If you have to trade, take it to the fish market. To trade target a minimum return of 25% so that when you remove commissions it comes to 20% Lets put this in practice hypothetically. Pick one stock tomorrow, which you think will go up 25% in the next 7 months. Then lets circle back in Jun 2022. Please report tomorrow which that stock is so that we record tomorrows price. Theory always much easier than action. I've done it and it has worked,and that is how I came up with the figure. This is not theory but action. The practice is as below; I bought KCB a year ago at Ksh.35,KCB is now trading at ksh.45.9,that is a return of 31.1%. If I remove commissions at let's say 5%,that is a return of 26%. Adding the ksh.1 dividend they paid,return goes even higher. 2020 to 2021 is covid rebound returns. Lets test with 2021 going into 2022. Pick a stock. When the prices become attractive. Buying requires a plan and strategy that includes timing. I definately play a different game.I buy and hold through thick and thin collecting dividends along the way. Dividends have kept me sane through the long bear market. To each with their own strategy. Exactly! One cannot proclaim that penny stocks are not tradable, while evidence suggests otherwise. The last time I checked buying and selling of real estate also comes with transaction costs. The bottom line is to make a decent ROI
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 6/2/2010 Posts: 1,066
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obiero wrote:Ericsson wrote:My 2 cents wrote:Ericsson wrote:My 2 cents wrote:Ericsson wrote:My 2 cents wrote:Ericsson wrote:My 2 cents wrote:Fyatu wrote:obiero wrote:
Be ready to trade and leave alone emotions and theories
This is key. Spoken like a true elder. An elder would tell you trading the NSE will get your head handed to you. Commissions of 2.2% going in and another 2.2% going out. Don't trade this market. If you have to trade, take it to the fish market. To trade target a minimum return of 25% so that when you remove commissions it comes to 20% Lets put this in practice hypothetically. Pick one stock tomorrow, which you think will go up 25% in the next 7 months. Then lets circle back in Jun 2022. Please report tomorrow which that stock is so that we record tomorrows price. Theory always much easier than action. I've done it and it has worked,and that is how I came up with the figure. This is not theory but action. The practice is as below; I bought KCB a year ago at Ksh.35,KCB is now trading at ksh.45.9,that is a return of 31.1%. If I remove commissions at let's say 5%,that is a return of 26%. Adding the ksh.1 dividend they paid,return goes even higher. 2020 to 2021 is covid rebound returns. Lets test with 2021 going into 2022. Pick a stock. When the prices become attractive. Buying requires a plan and strategy that includes timing. I definately play a different game.I buy and hold through thick and thin collecting dividends along the way. Dividends have kept me sane through the long bear market. To each with their own strategy. Exactly! One cannot proclaim that penny stocks are not tradable, while evidence suggests otherwise. The last time I checked buying and selling of real estate also comes with transaction costs. The bottom line is to make a decent ROI What you are doing with Real Estate does not meet the definition of trading.
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Rank: Veteran Joined: 6/2/2010 Posts: 1,066
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Stock trading is about buying and selling stocks for short-term profit, with a focus on share prices. Investing is about buying stocks for long-term gains. ... Trading and investing both involve seeking profit in the stock market, but they pursue that goal in different ways.
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Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
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Ukiona vyaelea https://www.businessdail...r-loss-to-sh570m-3632498
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: 8/21/2017 Posts: 48
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HFCK back to lows of ~3.60. Losses are the order of the day. Is there any hope for this so called diamond in the rough...let us wait and watch Life is a beach and I'm just playing in the sand
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Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
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piedpiper wrote:HFCK back to lows of ~3.60. Losses are the order of the day. Is there any hope for this so called diamond in the rough...let us wait and watch The only stock that I am currently eyeing, buying in cautious bits
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:piedpiper wrote:HFCK back to lows of ~3.60. Losses are the order of the day. Is there any hope for this so called diamond in the rough...let us wait and watch The only stock that I am currently eyeing, buying in cautious bits Whyyyyy? You enjoy the pain too much. There are "cheap" banks that could give you better returns. Even foreign buyers would want a bank with less drama and there are plenty of Tier 2 and Tier 3 banks up for sale. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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VituVingiSana wrote:obiero wrote:piedpiper wrote:HFCK back to lows of ~3.60. Losses are the order of the day. Is there any hope for this so called diamond in the rough...let us wait and watch The only stock that I am currently eyeing, buying in cautious bits Whyyyyy? You enjoy the pain too much. There are "cheap" banks that could give you better returns. Even foreign buyers would want a bank with less drama and there are plenty of Tier 2 and Tier 3 banks up for sale. Penny stock addict 🤣 Life is short. Live passionately.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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VituVingiSana wrote:obiero wrote:piedpiper wrote:HFCK back to lows of ~3.60. Losses are the order of the day. Is there any hope for this so called diamond in the rough...let us wait and watch The only stock that I am currently eyeing, buying in cautious bits Whyyyyy? You enjoy the pain too much. There are "cheap" banks that could give you better returns. Even foreign buyers would want a bank with less drama and there are plenty of Tier 2 and Tier 3 banks up for sale. He's waiting for a buyout. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
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Ericsson wrote:VituVingiSana wrote:obiero wrote:piedpiper wrote:HFCK back to lows of ~3.60. Losses are the order of the day. Is there any hope for this so called diamond in the rough...let us wait and watch The only stock that I am currently eyeing, buying in cautious bits Whyyyyy? You enjoy the pain too much. There are "cheap" banks that could give you better returns. Even foreign buyers would want a bank with less drama and there are plenty of Tier 2 and Tier 3 banks up for sale. He's waiting for a buyout. More like imminent buyout
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 6/2/2010 Posts: 1,066
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I just hope not by KCB. They have a loaded pocket waiting for a target to waste money on.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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My 2 cents wrote:I just hope not by KCB. They have a loaded pocket waiting for a target to waste money on. KCB won't pass as it will be declared too dominant. HFCK will be acquired by Equity, Co-op bank or a foreign entity Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 6/2/2010 Posts: 1,066
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Ericsson wrote:My 2 cents wrote:I just hope not by KCB. They have a loaded pocket waiting for a target to waste money on. KCB won't pass as it will be declared too dominant. HFCK will be acquired by Equity, Co-op bank or a foreign entity Equity by some metrics is bigger than KCB.
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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My 2 cents wrote:Ericsson wrote:My 2 cents wrote:I just hope not by KCB. They have a loaded pocket waiting for a target to waste money on. KCB won't pass as it will be declared too dominant. HFCK will be acquired by Equity, Co-op bank or a foreign entity Equity by some metrics is bigger than KCB. CBK/CAK would be concerned with Kenya and not the region though that may come into play given DRC may join the EAC. Equity and KCB are only dominant in Kenya. If you add the EAC countries then the market share drops. Equity is #1 or #2 in DRC but that's still not dominance for EAC. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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