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Housing Finance: HFCK a diamond in the rough
Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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obiero wrote:obiero wrote:obiero wrote:Expect an oversubscribed event Let the weak say, I am strong. Let the blind say, I can see The current share price of HF Group Limited (HFCK) is KES 4.48. HFCK closed its last trading day (Monday, December 23, 2024) at 4.48 KES per share on the Nairobi Securities Exchange (NSE), recording a 6.4% gain over its previous closing price of 4.21 KES. HF began the year with a share price of 3.48 KES and has since gained 28.7% on that price valuation, ranking it 16th on the NSE in terms of year-to-date performance. Shareholders can be optimistic about HFCK knowing the stock has accrued 15% over the past four-week period—third best on NSE. When the rights issue shares start trading,price will go below ksh.3 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/22/2009 Posts: 7,460
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Ericsson wrote:obiero wrote:obiero wrote:obiero wrote:Expect an oversubscribed event Let the weak say, I am strong. Let the blind say, I can see The current share price of HF Group Limited (HFCK) is KES 4.48. HFCK closed its last trading day (Monday, December 23, 2024) at 4.48 KES per share on the Nairobi Securities Exchange (NSE), recording a 6.4% gain over its previous closing price of 4.21 KES. HF began the year with a share price of 3.48 KES and has since gained 28.7% on that price valuation, ranking it 16th on the NSE in terms of year-to-date performance. Shareholders can be optimistic about HFCK knowing the stock has accrued 15% over the past four-week period—third best on NSE. When the rights issue shares start trading,price will go below ksh.3 And that clearly never happened 4.51/= today. 50% above your best case scenario prediction. 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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Rank: Elder Joined: 6/23/2009 Posts: 13,559 Location: nairobi
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MaichBlack wrote:Ericsson wrote:obiero wrote:obiero wrote:obiero wrote:Expect an oversubscribed event Let the weak say, I am strong. Let the blind say, I can see The current share price of HF Group Limited (HFCK) is KES 4.48. HFCK closed its last trading day (Monday, December 23, 2024) at 4.48 KES per share on the Nairobi Securities Exchange (NSE), recording a 6.4% gain over its previous closing price of 4.21 KES. HF began the year with a share price of 3.48 KES and has since gained 28.7% on that price valuation, ranking it 16th on the NSE in terms of year-to-date performance. Shareholders can be optimistic about HFCK knowing the stock has accrued 15% over the past four-week period—third best on NSE. When the rights issue shares start trading,price will go below ksh.3 And that clearly never happened 4.51/= today. 50% above your best case scenario prediction. A faulty prediction based fundamentally on hot air. Instead, the price is rallying towards KES 5.00 
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 7/22/2009 Posts: 7,460
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Leo tuko 4.89/= Thanks @vvs. I took your advice seriously as always. You always go on facts, data etc. Never emotions!! I was 50 - 50 on the rights but "talking" to you pushed me in the right direction. 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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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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MaichBlack wrote:Leo tuko 4.89/=
Thanks @vvs. I took your advice seriously as always. You always go on facts, data etc. Never emotions!!
I was 50 - 50 on the rights but "talking" to you pushed me in the right direction. I am glad I could help. I did not participate though since I picked up DTB. I am also in ABSA. All 3 have done well on a price basis. Ceteris Paribus ABSA will likely pay a final dividend on 1.00 to 1.25 [I like dividends] DTB will likely pay a final dividend on 6.00 to 7.50 [I like dividends] HF is unlikely to pay a FY24 dividend but there is a sweet capital gains! 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: 13,559 Location: nairobi
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VituVingiSana wrote:MaichBlack wrote:Leo tuko 4.89/=
Thanks @vvs. I took your advice seriously as always. You always go on facts, data etc. Never emotions!!
I was 50 - 50 on the rights but "talking" to you pushed me in the right direction. I am glad I could help. I did not participate though since I picked up DTB. I am also in ABSA. All 3 have done well on a price basis. Ceteris Paribus ABSA will likely pay a final dividend on 1.00 to 1.25 [I like dividends] DTB will likely pay a final dividend on 6.00 to 7.50 [I like dividends] HF is unlikely to pay a FY24 dividend but there is a sweet capital gains! People are celebrating getting into HF share at KES 4.00 while it traded lows of KES 3.60 just a few days back. Live and learn. Next stop KES 7.00. @vvs HF will not pay dividends in FY2024. This was discussed and disclosed in the IM debrief session
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 7/22/2009 Posts: 7,460
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obiero wrote:VituVingiSana wrote:MaichBlack wrote:Leo tuko 4.89/=
Thanks @vvs. I took your advice seriously as always. You always go on facts, data etc. Never emotions!!
I was 50 - 50 on the rights but "talking" to you pushed me in the right direction. I am glad I could help. I did not participate though since I picked up DTB. I am also in ABSA. All 3 have done well on a price basis. Ceteris Paribus ABSA will likely pay a final dividend on 1.00 to 1.25 [I like dividends] DTB will likely pay a final dividend on 6.00 to 7.50 [I like dividends] HF is unlikely to pay a FY24 dividend but there is a sweet capital gains! People are celebrating getting into HF share at KES 4.00 while it traded lows of KES 3.60 just a few days back. Live and learn. Next stop KES 7.00. @vvs HF will not pay dividends in FY2024. This was discussed and disclosed in the IM debrief session It definitely went lower than that but was very short lived. At one point the discount vis-a-vis the rights issue price was quite significant but before I could pull the trigger the price shot back up. I was to buy in the open market. 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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Rank: Elder Joined: 7/22/2009 Posts: 7,460
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obiero wrote:VituVingiSana wrote:MaichBlack wrote:Leo tuko 4.89/=
Thanks @vvs. I took your advice seriously as always. You always go on facts, data etc. Never emotions!!
I was 50 - 50 on the rights but "talking" to you pushed me in the right direction. I am glad I could help. I did not participate though since I picked up DTB. I am also in ABSA. All 3 have done well on a price basis. Ceteris Paribus ABSA will likely pay a final dividend on 1.00 to 1.25 [I like dividends] DTB will likely pay a final dividend on 6.00 to 7.50 [I like dividends] HF is unlikely to pay a FY24 dividend but there is a sweet capital gains! People are celebrating getting into HF share at KES 4.00 while it traded lows of KES 3.60 just a few days back. Live and learn. Next stop KES 7.00. @vvs HF will not pay dividends in FY2024. This was discussed and disclosed in the IM debrief session Good points. Nothing as good as a good stock that pays dividends. You are never bothered by price movements so long as the fundamentals are okay. And you keep getting real actual hard cash every year. You can hold the stock "forever"!!! 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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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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MaichBlack wrote:obiero wrote:VituVingiSana wrote:MaichBlack wrote:Leo tuko 4.89/=
Thanks @vvs. I took your advice seriously as always. You always go on facts, data etc. Never emotions!!
I was 50 - 50 on the rights but "talking" to you pushed me in the right direction. I am glad I could help. I did not participate though since I picked up DTB. I am also in ABSA. All 3 have done well on a price basis. Ceteris Paribus ABSA will likely pay a final dividend on 1.00 to 1.25 [I like dividends] DTB will likely pay a final dividend on 6.00 to 7.50 [I like dividends] HF is unlikely to pay a FY24 dividend but there is a sweet capital gains! People are celebrating getting into HF share at KES 4.00 while it traded lows of KES 3.60 just a few days back. Live and learn. Next stop KES 7.00. @vvs HF will not pay dividends in FY2024. This was discussed and disclosed in the IM debrief session Good points. Nothing as good as a good stock that pays dividends. You are never bothered by price movements so long as the fundamentals are okay. And you keep getting real actual hard cash every year. You can hold the stock "forever"!!! A lesson I learnt during the long bear. Dividend payers kept me afloat during bad times. They also helped me pick up more shares at lower prices. I will not go back to a majority portfolio of non-dividend (or very low) payers no matter how attractive the future prospects look. Most of what I have is expected to pay me 10%+ NETT, close to what 5yr FXDa are paying. 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: 13,559 Location: nairobi
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COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,559 Location: nairobi
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Next stop KES 7.. I repeat, next stop KES 7..
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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obiero wrote:Next stop KES 7.. I repeat, next stop KES 7.. ABSA (my pick over HF) is 19 but I will say Robert impressed me. HF should see good things under his leadership if the economy remains on a steady footing. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/22/2009 Posts: 7,460
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MaichBlack wrote:Ericsson wrote:obiero wrote:obiero wrote:obiero wrote:Expect an oversubscribed event Let the weak say, I am strong. Let the blind say, I can see The current share price of HF Group Limited (HFCK) is KES 4.48. HFCK closed its last trading day (Monday, December 23, 2024) at 4.48 KES per share on the Nairobi Securities Exchange (NSE), recording a 6.4% gain over its previous closing price of 4.21 KES. HF began the year with a share price of 3.48 KES and has since gained 28.7% on that price valuation, ranking it 16th on the NSE in terms of year-to-date performance. Shareholders can be optimistic about HFCK knowing the stock has accrued 15% over the past four-week period—third best on NSE. When the rights issue shares start trading,price will go below ksh.3 And that clearly never happened 4.51/= today. 50% above your best case scenario prediction. 5/= prints!!! Glad I didn't sit this one thanks to @vvs. I almost did!! Pulled the trigger last minute! 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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Rank: Elder Joined: 6/23/2009 Posts: 13,559 Location: nairobi
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MaichBlack wrote:MaichBlack wrote:Ericsson wrote:obiero wrote:obiero wrote:obiero wrote:Expect an oversubscribed event Let the weak say, I am strong. Let the blind say, I can see The current share price of HF Group Limited (HFCK) is KES 4.48. HFCK closed its last trading day (Monday, December 23, 2024) at 4.48 KES per share on the Nairobi Securities Exchange (NSE), recording a 6.4% gain over its previous closing price of 4.21 KES. HF began the year with a share price of 3.48 KES and has since gained 28.7% on that price valuation, ranking it 16th on the NSE in terms of year-to-date performance. Shareholders can be optimistic about HFCK knowing the stock has accrued 15% over the past four-week period—third best on NSE. When the rights issue shares start trading,price will go below ksh.3 And that clearly never happened 4.51/= today. 50% above your best case scenario prediction. 5/= prints!!! Glad I didn't sit this one thanks to @vvs. I almost did!! Pulled the trigger last minute! Next stop KES 7 The share fair value is KES 12. Relax! 
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,559 Location: nairobi
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The current share price of HF Group Limited (HFCK) is KES 5.80. HFCK closed its last trading day (Friday, January 10, 2025) at 5.80 KES per share on the Nairobi Securities Exchange (NSE), recording a 7.8% gain over its previous closing price of 5.38 KES. HF began the year with a share price of 4.51 KES and has since gained 28.6% on that price valuation, ranking it third on the NSE in terms of year-to-date performance. Shareholders can be optimistic about HFCK knowing the stock has accrued 45% over the past four-week period alone—third best on NSE.
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,559 Location: nairobi
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obiero wrote:The current share price of HF Group Limited (HFCK) is KES 5.80. HFCK closed its last trading day (Friday, January 10, 2025) at 5.80 KES per share on the Nairobi Securities Exchange (NSE), recording a 7.8% gain over its previous closing price of 5.38 KES. HF began the year with a share price of 4.51 KES and has since gained 28.6% on that price valuation, ranking it third on the NSE in terms of year-to-date performance. Shareholders can be optimistic about HFCK knowing the stock has accrued 45% over the past four-week period alone—third best on NSE.
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,559 Location: nairobi
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obiero wrote:Ericsson wrote:obiero wrote:Ericsson wrote:obiero wrote:iris wrote:Pesa Nane wrote:obiero wrote:rwitre wrote:Pesa Nane wrote:The monkey (oops! my monkey) is still paying   Bought some Housing Finance stock at Sh 20 back then chasing dividend. Forced to sell at Sh 12 to stop bleeding.  Today's closing price of Sh 5.80 looks tempting. But PTSD will not let me board.  This one we watch from the sidelines. @rwitre @pesanane im soo tempted with the current price @Obiero join in. Misery loves company. And boy, we are MISERABLE in here. Chuckling at your refreshing honesty @pesanane. @Obiero? It's worth a gamble at the current price.. Share price at par with NBK. They are in the same situation as KPLC too I will need to sight the Q3 results to make a final decision on this one.. Its too juicy at the current price, considering its dividend trend.. Will they be able to pay a dividend this year going by the half year results Q3 will reveal it all. Meanwhile the big boys have arrived as noted by today's volume Down memory lane.. http://m.wazua.com/forum...sts&t=18276&p=94
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,559 Location: nairobi
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Multi-year volume as well as share price noted in trading date 14.01.2025. KES 7.50 to be broken by 9:30am 15.01.2025. Next ceiling stop KES 10. Fair value KES 12. NAV KES 23 
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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