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Housing Finance: HFCK a diamond in the rough
Rank: Veteran Joined: 7/1/2014 Posts: 903 Location: sky
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VituVingiSana wrote:HF wants more of @Obiero's money https://www.businessdailyafrica.com/bd/markets/capital-markets/hf-turns-to-shareholders-to-resolve-capital-woes-4724058There 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: Elder Joined: 6/23/2009 Posts: 13,520 Location: nairobi
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https://www.hfgroup.co.k...13_08_2024.e2f4fb21.pdf
We have an EGM on 04.09.2024
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: 7/21/2010 Posts: 6,183 Location: nairobi
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The market is not very active,I don't know whether they will succeed "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: 13,520 Location: nairobi
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mlennyma wrote:The market is not very active,I don't know whether they will succeed Britam has already confirmed participation. Recall that in the last cash call, 3B was returned to shareholders as an oversubscription
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: 18,110 Location: Nairobi
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obiero wrote:mlennyma wrote:The market is not very active,I don't know whether they will succeed Britam has already confirmed participation. Recall that in the last cash call, 3B was returned to shareholders as an oversubscription 2024 is very different from pre-2020 (COVID) Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,520 Location: nairobi
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VituVingiSana wrote:obiero wrote:mlennyma wrote:The market is not very active,I don't know whether they will succeed Britam has already confirmed participation. Recall that in the last cash call, 3B was returned to shareholders as an oversubscription 2024 is very different from pre-2020 (COVID) 95% of existing shareholders have approved the exercise. whatever happens happens
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: 18,110 Location: Nairobi
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obiero wrote:VituVingiSana wrote:obiero wrote:mlennyma wrote:The market is not very active,I don't know whether they will succeed Britam has already confirmed participation. Recall that in the last cash call, 3B was returned to shareholders as an oversubscription 2024 is very different from pre-2020 (COVID) 95% of existing shareholders have approved the exercise. whatever happens happens Good Luck Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,699 Location: NAIROBI
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obiero wrote:VituVingiSana wrote:obiero wrote:mlennyma wrote:The market is not very active,I don't know whether they will succeed Britam has already confirmed participation. Recall that in the last cash call, 3B was returned to shareholders as an oversubscription 2024 is very different from pre-2020 (COVID) 95% of existing shareholders have approved the exercise. whatever happens happens More pain and delay of Britam shareholders in receiving a dividend. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,520 Location: nairobi
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Ericsson wrote:obiero wrote:VituVingiSana wrote:obiero wrote:mlennyma wrote:The market is not very active,I don't know whether they will succeed Britam has already confirmed participation. Recall that in the last cash call, 3B was returned to shareholders as an oversubscription 2024 is very different from pre-2020 (COVID) 95% of existing shareholders have approved the exercise. whatever happens happens More pain and delay of Britam shareholders in receiving a dividend. Conjecture
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: 13,520 Location: nairobi
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obiero wrote:Ericsson wrote:obiero wrote:VituVingiSana wrote:obiero wrote:mlennyma wrote:The market is not very active,I don't know whether they will succeed Britam has already confirmed participation. Recall that in the last cash call, 3B was returned to shareholders as an oversubscription 2024 is very different from pre-2020 (COVID) 95% of existing shareholders have approved the exercise. whatever happens happens More pain and delay of Britam shareholders in receiving a dividend. Conjecture KES 4 per share rights. >95% success rate incoming
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: 12/4/2009 Posts: 10,699 Location: NAIROBI
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obiero wrote:obiero wrote:Ericsson wrote:obiero wrote:VituVingiSana wrote:obiero wrote:mlennyma wrote:The market is not very active,I don't know whether they will succeed Britam has already confirmed participation. Recall that in the last cash call, 3B was returned to shareholders as an oversubscription 2024 is very different from pre-2020 (COVID) 95% of existing shareholders have approved the exercise. whatever happens happens More pain and delay of Britam shareholders in receiving a dividend. Conjecture KES 4 per share rights. >95% success rate incoming Obiero predictions are easily pre-determined. The outcome is already known Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,520 Location: nairobi
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Ericsson wrote:obiero wrote:obiero wrote:Ericsson wrote:obiero wrote:VituVingiSana wrote:obiero wrote:mlennyma wrote:The market is not very active,I don't know whether they will succeed Britam has already confirmed participation. Recall that in the last cash call, 3B was returned to shareholders as an oversubscription 2024 is very different from pre-2020 (COVID) 95% of existing shareholders have approved the exercise. whatever happens happens More pain and delay of Britam shareholders in receiving a dividend. Conjecture KES 4 per share rights. >95% success rate incoming Obiero predictions are easily pre-determined. The outcome is already known How many HFCKR have traded since the issue was opened? What is the last day of trading HFCKR? Did the top 10 shareholders agree to defend their rights? 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: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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obiero wrote:Ericsson wrote:obiero wrote:obiero wrote:Ericsson wrote:obiero wrote:VituVingiSana wrote:obiero wrote:mlennyma wrote:The market is not very active,I don't know whether they will succeed Britam has already confirmed participation. Recall that in the last cash call, 3B was returned to shareholders as an oversubscription 2024 is very different from pre-2020 (COVID) 95% of existing shareholders have approved the exercise. whatever happens happens It it witchcraft, who is buying this thing 🤣 More pain and delay of Britam shareholders in receiving a dividend. Conjecture KES 4 per share rights. >95% success rate incoming Obiero predictions are easily pre-determined. The outcome is already known How many HFCKR have traded since the issue was opened? What is the last day of trading HFCKR? Did the top 10 shareholders agree to defend their rights? Watch and learn No go zone for me "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 1/3/2007 Posts: 18,110 Location: Nairobi
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mlennyma wrote:obiero wrote:Ericsson wrote:obiero wrote:obiero wrote:Ericsson wrote:obiero wrote:VituVingiSana wrote:obiero wrote:mlennyma wrote:The market is not very active,I don't know whether they will succeed Britam has already confirmed participation. Recall that in the last cash call, 3B was returned to shareholders as an oversubscription 2024 is very different from pre-2020 (COVID) 95% of existing shareholders have approved the exercise. whatever happens happens It it witchcraft, who is buying this thing 🤣 More pain and delay of Britam shareholders in receiving a dividend. Conjecture KES 4 per share rights. >95% success rate incoming Obiero predictions are easily pre-determined. The outcome is already known How many HFCKR have traded since the issue was opened? What is the last day of trading HFCKR? Did the top 10 shareholders agree to defend their rights? Watch and learn No go zone for me Bingo! One can buy stocks like ABSA which pay dividends. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,520 Location: nairobi
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Capital appreciation for me holds more importance. I don't need peanut dividend at the moment because I am still young
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: 18,110 Location: Nairobi
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obiero wrote:Capital appreciation for me holds more importance. I don't need peanut dividend at the moment because I am still young Good luck. Let's compare ABSA vs HF total return in Nov 2029  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 2/15/2010 Posts: 132 Location: Kenya
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Proposal to increase KE banks core capital to 10B by 2027(potential for more cash calls)
Britam has loaned to HFCK at 20%.
There are other cheap banks with sufficient even excess capital(therefore dividends).
A pass. Admire Obiero's conviction though.
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Rank: Elder Joined: 6/23/2009 Posts: 13,520 Location: nairobi
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DtheK wrote:Proposal to increase KE banks core capital to 10B by 2027(potential for more cash calls)
Britam has loaned to HFCK at 20%.
There are other cheap banks with sufficient even excess capital(therefore dividends).
A pass. Admire Obiero's conviction though. Tomorrow, a profit announcement is delivered KES 460m PBT, 77% growth YoY
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: 18,110 Location: Nairobi
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obiero wrote:DtheK wrote:Proposal to increase KE banks core capital to 10B by 2027(potential for more cash calls)
Britam has loaned to HFCK at 20%.
There are other cheap banks with sufficient even excess capital(therefore dividends).
A pass. Admire Obiero's conviction though. Tomorrow, a profit announcement is delivered KES 460m PBT, 77% growth YoY There is probably a single Equity branch that made more than 460mn PAT  HF will really need to ramp up its profits to have the same EPS pre-Rights. I hope it does. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,699 Location: NAIROBI
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obiero wrote:DtheK wrote:Proposal to increase KE banks core capital to 10B by 2027(potential for more cash calls)
Britam has loaned to HFCK at 20%.
There are other cheap banks with sufficient even excess capital(therefore dividends).
A pass. Admire Obiero's conviction though. Tomorrow, a profit announcement is delivered KES 460m PBT, 77% growth YoY Profit before tax ksh.312mn Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Housing Finance: HFCK a diamond in the rough
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