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Housing Finance: HFCK a diamond in the rough
Rank: Chief Joined: 1/3/2007 Posts: 18,236 Location: Nairobi
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Congrats! Now onto KQ! This has been a good year for you. obiero wrote:At 183% gain on my ABP. I take a clean bow, for now. On to the next one..  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: 13,822 Location: nairobi
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deadpoet wrote:obiero wrote:At 183% gain on my ABP. I take a clean bow, for now. On to the next one.. Congrats, man. #ThatWasEpic Asante @deadpoet. I trade on capital gains. So, I agree it was a decent run.
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 684,200 ABP 6.72; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 6/23/2009 Posts: 13,822 Location: nairobi
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VituVingiSana wrote:Congrats! Now onto KQ! This has been a good year for you. obiero wrote:At 183% gain on my ABP. I take a clean bow, for now. On to the next one.. Cheers @vvs.. I'm looking to add my KQ if price falls below KES 5.. Fair value remains KES 8.68
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 684,200 ABP 6.72; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 6/23/2009 Posts: 13,822 Location: nairobi
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A strong buy sub KES 7. Closely following
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 684,200 ABP 6.72; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 6/23/2009 Posts: 13,822 Location: nairobi
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obiero wrote:A strong buy sub KES 7. Closely following Too attractive. I have no option
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 684,200 ABP 6.72; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 7/21/2010 Posts: 6,192 Location: nairobi
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obiero wrote:obiero wrote:A strong buy sub KES 7. Closely following Too attractive. I have no option What is so attractive in a bank which cannot even raise the mandatory core capital? "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: 13,822 Location: nairobi
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mlennyma wrote:obiero wrote:obiero wrote:A strong buy sub KES 7. Closely following Too attractive. I have no option What is so attractive in a bank which cannot even raise the mandatory core capital? @mlennyma.. Please read https://www.businessdail...ubscribed-rights-4863770
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 684,200 ABP 6.72; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 6/23/2009 Posts: 13,822 Location: nairobi
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Let me leave this here https://www.businessdail...in-hf-investment-5070770
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 684,200 ABP 6.72; MTN 23,800 ABP 5.20
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Rank: Member Joined: 9/14/2011 Posts: 858 Location: nairobi
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https://x.com/wnyakera/status/1934466838189973745
I know this transaction only too well and two things to note: 1. Anthony Mwaura is not the buyer; 2. If you own HF shares, buy more as the buyer will be making a full acquisition and delisting HF in not too long. I hope Kenyans have now learnt the painful lesson - that if you see someone selling you a dynasty vs hustlers narrative, chances are they want to use you to become dynasties.
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Rank: Elder Joined: 6/23/2009 Posts: 13,822 Location: nairobi
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heri wrote:https://x.com/wnyakera/status/1934466838189973745
I know this transaction only too well and two things to note:
1. Anthony Mwaura is not the buyer;
2. If you own HF shares, buy more as the buyer will be making a full acquisition and delisting HF in not too long.
I hope Kenyans have now learnt the painful lesson - that if you see someone selling you a dynasty vs hustlers narrative, chances are they want to use you to become dynasties. Meanwhile, always scout for opportunity to become a dynasty. No one stops anyone from wealth creation. Buy low, sell high. KISS
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 684,200 ABP 6.72; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 7/22/2009 Posts: 7,602
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The way these fellows are pivoting towards HFCK, there must be something! The latest is Kimani Ichung'wa!! Just bought 138m worth of HFCK shares. Might they be planning something with Affordable Housing Cash and Deals??? Disclaimer: Sometimes these fellows also get things terribly wrong. I remember Ndindi Nyoro selling 11.78 million KPLC shares at 16.5m shillings this January. Those shares today (only 8 months later) would be worth 132m!!! Anyone who followed him in selling imagining he had inside information got burned to recognition or at the very least left a humongous amount of money on the table!!! 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: 7,602
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Might the current HFCK rally be proudly sponsored by the Kimani Ichung'wa news leading increased demand or there is something almost coming out of the oven?? 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: 13,822 Location: nairobi
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obiero wrote:VituVingiSana wrote:Congrats! Now onto KQ! This has been a good year for you. obiero wrote:At 183% gain on my ABP. I take a clean bow, for now. On to the next one.. Cheers @vvs.. I'm looking to add my KQ if price falls below KES 5.. Fair value remains KES 8.68 HF could test KES 12 ceteris paribus
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 684,200 ABP 6.72; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 6/20/2007 Posts: 2,062 Location: Lagos, Nigeria
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I am wondering Why is HFCK price on sharp rise in the past few days whereas her HY is not yet out? Anyone please ? The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Elder Joined: 6/23/2009 Posts: 13,822 Location: nairobi
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young wrote:I am wondering
Why is HFCK price on sharp rise in the past few days whereas her HY is not yet out?
Anyone please ? Book value is KES 8.57. It is trading at a premium. Exchange bar dialogue reveals that SBIC have expressed interest to purchase HFCK
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 684,200 ABP 6.72; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 7/22/2009 Posts: 7,602
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young wrote:I am wondering
Why is HFCK price on sharp rise in the past few days whereas her HY is not yet out?
Anyone please ? There is a fellow called Kimani Ichung'wa. Google him (Kenyans know him). He is the Presidents errand boy and supposed right hand man of sorts. He bought quite a number of shares in HFCK and people might imagine he knows something we don't. 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: 7,602
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MaichBlack wrote:The way these fellows are pivoting towards HFCK, there must be something! The latest is Kimani Ichung'wa!! Just bought 138m worth of HFCK shares.
Might they be planning something with Affordable Housing Cash and Deals???
Disclaimer: Sometimes these fellows also get things terribly wrong. I remember Ndindi Nyoro selling 11.78 million KPLC shares at 16.5m shillings this January. Those shares today (only 8 months later) would be worth 132m!!! Anyone who followed him in selling imagining he had inside information got burned to recognition or at the very least left a humongous amount of money on the table!!! This fellow @Young. Another connected fellow (former KRA Chair) had earlier bought 1.6 Billion worth of HFCK shares! People in some quarters suspected he was a conduit for someone else. And they even believe they know who the someone else is. Not many people can be pulling 1.6 Billion transactions on a single share so the list of "suspects" is very small. Conduit or no conduit, no one just pumps 1.6 Billion into one stock just like that. There must be something. Procedural/fundamental or otherwise. 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: 6/20/2007 Posts: 2,062 Location: Lagos, Nigeria
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MaichBlack wrote:MaichBlack wrote:The way these fellows are pivoting towards HFCK, there must be something! The latest is Kimani Ichung'wa!! Just bought 138m worth of HFCK shares.
Might they be planning something with Affordable Housing Cash and Deals???
Disclaimer: Sometimes these fellows also get things terribly wrong. I remember Ndindi Nyoro selling 11.78 million KPLC shares at 16.5m shillings this January. Those shares today (only 8 months later) would be worth 132m!!! Anyone who followed him in selling imagining he had inside information got burned to recognition or at the very least left a humongous amount of money on the table!!! This fellow @Young. Another connected fellow (former KRA Chair) had earlier bought 1.6 Billion worth of HFCK shares! People in some quarters suspected he was a conduit for someone else. And they even believe who know who the someone else is. Not many people can be pulling 1.6 Billion transactions on a single share so the list of "suspects" is very small. Conduit or no conduit, no one just pumps 1.6 Billion into one stock just like that. There must be something. Procedural/fundamental or otherwise. Thanks @maichBlack and bwana @obiero . A lot of miracles in NSE beyond fundamentals. I am yet to understand why KPLC rose from 8 to 11 bob and the twin KENGEN from 5 to 7 bob in a short time without any news or earnings report. It will not be a suprise if KENGEN touches 9 and KPLC 14 bob before end of the year , though their FY earning report is in late oct. The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Member Joined: 4/15/2008 Posts: 218
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Maybe they'll finally give us some Dividends. Co-op Bank cheap? Do it today! Tomorrow is promise to no-one.
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Rank: Elder Joined: 7/22/2009 Posts: 7,602
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mufasa wrote:Maybe they'll finally give us some Dividends.
Co-op Bank cheap? That soon after the rights offer?? 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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