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Housing Finance: HFCK a diamond in the rough

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obiero		#2331 Posted : Thursday, August 31, 2023 12:35:33 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,321 Location: nairobi		HF Group posted a 240% surge in profit before tax to Kes 200 million for the first half of 2023, from a profit of Kes 59 million in a similar period in 2022. This marked improvement is attributed to an aggressive business transformation strategy COOP, IMH, KEGN, KQ, MTNU
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VituVingiSana		#2332 Posted : Thursday, August 31, 2023 1:34:13 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,378 Location: Nairobi		obiero wrote: HF Group posted a 240% surge in profit before tax to Kes 200 million for the first half of 2023, from a profit of Kes 59 million in a similar period in 2022. This marked improvement is attributed to an aggressive business transformation strategy Dividend for FY23? Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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My 2 cents		#2333 Posted : Thursday, August 31, 2023 4:01:07 PM
Rank: Veteran Joined: 6/2/2010 Posts: 1,091		obiero wrote: HF Group posted a 240% surge in profit before tax to Kes 200 million for the first half of 2023, from a profit of Kes 59 million in a similar period in 2022. This marked improvement is attributed to an aggressive business transformation strategy Check the understatement of the bad loans provisions (despite the bad loan book). If this was adequately provided for, HFCK would book a loss.
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MaichBlack		#2334 Posted : Thursday, August 31, 2023 4:30:40 PM
Rank: Elder Joined: 7/22/2009 Posts: 7,910		VituVingiSana wrote: obiero wrote: HF Group posted a 240% surge in profit before tax to Kes 200 million for the first half of 2023, from a profit of Kes 59 million in a similar period in 2022. This marked improvement is attributed to an aggressive business transformation strategy Dividend for FY23? After 5 years of losses??? Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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VituVingiSana		#2335 Posted : Thursday, August 31, 2023 5:24:43 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,378 Location: Nairobi		MaichBlack wrote: VituVingiSana wrote: obiero wrote: HF Group posted a 240% surge in profit before tax to Kes 200 million for the first half of 2023, from a profit of Kes 59 million in a similar period in 2022. This marked improvement is attributed to an aggressive business transformation strategy Dividend for FY23? After 5 years of losses??? Wacha @Obiero ajibu! Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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obiero		#2336 Posted : Thursday, August 31, 2023 11:37:48 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,321 Location: nairobi		VituVingiSana wrote: MaichBlack wrote: VituVingiSana wrote: obiero wrote: HF Group posted a 240% surge in profit before tax to Kes 200 million for the first half of 2023, from a profit of Kes 59 million in a similar period in 2022. This marked improvement is attributed to an aggressive business transformation strategy Dividend for FY23? After 5 years of losses??? Wacha @Obiero ajibu! KES 0.35 DPS is possible. Meanwhile the share price will continue to rise. KES 7 is inevitable COOP, IMH, KEGN, KQ, MTNU
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MaichBlack		#2337 Posted : Friday, September 01, 2023 10:05:17 AM
Rank: Elder Joined: 7/22/2009 Posts: 7,910		obiero wrote: VituVingiSana wrote: MaichBlack wrote: VituVingiSana wrote: obiero wrote: HF Group posted a 240% surge in profit before tax to Kes 200 million for the first half of 2023, from a profit of Kes 59 million in a similar period in 2022. This marked improvement is attributed to an aggressive business transformation strategy Dividend for FY23? After 5 years of losses??? Wacha @Obiero ajibu! KES 0.35 DPS is possible. Meanwhile the share price will continue to rise. KES 7 is inevitable By end of July 2023 (Obiero 2023). Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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VituVingiSana		#2338 Posted : Friday, September 01, 2023 10:15:21 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,378 Location: Nairobi		obiero wrote: VituVingiSana wrote: MaichBlack wrote: VituVingiSana wrote: obiero wrote: HF Group posted a 240% surge in profit before tax to Kes 200 million for the first half of 2023, from a profit of Kes 59 million in a similar period in 2022. This marked improvement is attributed to an aggressive business transformation strategy Dividend for FY23? After 5 years of losses??? Wacha @Obiero ajibu! KES 0.35 DPS is possible. Meanwhile the share price will continue to rise. KES 7 is inevitable I have to say you called the price rise but if HF pays 35c for FY23... I will be impressed. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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MaichBlack		#2339 Posted : Friday, September 01, 2023 10:21:07 AM
Rank: Elder Joined: 7/22/2009 Posts: 7,910		obiero wrote: next stop KES 7 by end of July 2023.. fair value KES 12 Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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obiero		#2340 Posted : Friday, September 01, 2023 11:27:26 AM
Rank: Elder Joined: 6/23/2009 Posts: 14,321 Location: nairobi		MaichBlack wrote: obiero wrote: VituVingiSana wrote: MaichBlack wrote: VituVingiSana wrote: obiero wrote: HF Group posted a 240% surge in profit before tax to Kes 200 million for the first half of 2023, from a profit of Kes 59 million in a similar period in 2022. This marked improvement is attributed to an aggressive business transformation strategy Dividend for FY23? After 5 years of losses??? Wacha @Obiero ajibu! KES 0.35 DPS is possible. Meanwhile the share price will continue to rise. KES 7 is inevitable By end of July 2023 (Obiero 2023). A dream delayed is not a dream deferred. (Obiero 2023) COOP, IMH, KEGN, KQ, MTNU
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