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Housing Finance HY 2015 up 2.2%; dividend of 0.65
Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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The company has maintained its position as the first one to twitch in half year results 2.2 per cent net profit rise in the first half of the year to Sh485.1 million, Interim dividend of Sh0.65 per share Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: User Joined: 1/20/2014 Posts: 3,528
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Ericsson wrote:The company has maintained its position as the first one to twitch in half year results
2.2 per cent net profit rise in the first half of the year to Sh485.1 million,
Interim dividend of Sh0.65 per share While one person wants over sh 700m from them  Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Ericsson wrote:The company has maintained its position as the first one to twitch in half year results
2.2 per cent net profit rise in the first half of the year to Sh485.1 million,
Interim dividend of Sh0.65 per share Given the rights...hii ugali ni mzuri. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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Othelo wrote:Ericsson wrote:The company has maintained its position as the first one to twitch in half year results
2.2 per cent net profit rise in the first half of the year to Sh485.1 million,
Interim dividend of Sh0.65 per share While one person wants over sh 700m from them They ignored the award by the high court 5 years ago then run to the court of appeal to contest it once its enforcement has been put in motion. Can't see them being given any relief short of them compromising the whole bench. 726m has the potential to wipe out all their profits for the current financial year considering the macro economic conditions. In any bear period this stock always gets a serious beating. Factor in that award and we might be looking at the shellacking of a lifetime. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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murchr wrote:Ericsson wrote:The company has maintained its position as the first one to twitch in half year results
2.2 per cent net profit rise in the first half of the year to Sh485.1 million,
Interim dividend of Sh0.65 per share Given the rights...hii ugali ni mzuri. So Britam wants cash, more than 40% of that cash is due to them. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Gatheuzi wrote:murchr wrote:Ericsson wrote:The company has maintained its position as the first one to twitch in half year results
2.2 per cent net profit rise in the first half of the year to Sh485.1 million,
Interim dividend of Sh0.65 per share Given the rights...hii ugali ni mzuri. So Britam wants cash, more than 40% of that cash is due to them. They will get their share like everyone else. To me this shows consistency "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 8/16/2011 Posts: 2,297
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HY chums start trickling. HFCK has done it. Next.....BBK, KCB, COOP, CIC....!!!
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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murchr wrote:Gatheuzi wrote:murchr wrote:Ericsson wrote:The company has maintained its position as the first one to twitch in half year results
2.2 per cent net profit rise in the first half of the year to Sh485.1 million,
Interim dividend of Sh0.65 per share Given the rights...hii ugali ni mzuri. So Britam wants cash, more than 40% of that cash is due to them. They will get their share like everyone else. To me this shows consistency You may be in it for capital gains but britam is in it for the dividend The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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I never understand why HF can't perform better
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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streetwise wrote:I never understand why HF can't perform better It's only interim! I know you are looking at historical performance but it's not that bad. Having said that I think I should be a shareholder again. The opposite of courage is not cowardice, it's conformity.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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streetwise wrote:I never understand why HF can't perform better Clearly a lacklustre performance
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Which projects is their KBS currently undertaking?
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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mwekez@ji wrote:Which projects is their KBS currently undertaking? From SIB. Komarock 5B and Komarock commercial due for sale in H2 2015 The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Member Joined: 9/14/2011 Posts: 834 Location: nairobi
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streetwise wrote:I never understand why HF can't perform better i have been wondering the same. My little experience with building houses tells me that for a house i sell at say Kshs 8M, i can construct it with not more than 5M inclusive of all costs. Hence i cannot understand why if they are selling houses at 8M, why don't they make better profit margins Their costs must be very high unless other people eat in the supply chain deals
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Rank: User Joined: 1/20/2014 Posts: 3,528
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heri wrote:streetwise wrote:I never understand why HF can't perform better i have been wondering the same. My little experience with building houses tells me that for a house i sell at say Kshs 8M, i can construct it with not more than 5M inclusive of all costs. Hence i cannot understand why if they are selling houses at 8M, why don't they make better profit margins Their costs must be very high unless other people eat in the supply chain deals HFCK costs should even be lower because of economies of scale and expereince resulting in wider net revenue margins! Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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mwekez@ji wrote:Which projects is their KBS currently undertaking? Komarock Ph5. They were to sell that this year "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Asanta @Aguy @murchr. Thats the space to watch in H2
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Othelo wrote:heri wrote:streetwise wrote:I never understand why HF can't perform better i have been wondering the same. My little experience with building houses tells me that for a house i sell at say Kshs 8M, i can construct it with not more than 5M inclusive of all costs. Hence i cannot understand why if they are selling houses at 8M, why don't they make better profit margins Their costs must be very high unless other people eat in the supply chain deals HFCK costs should even be lower because of economies of scale and expereince resulting in wider net revenue margins! What profit margins have they been making from selling houses? The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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@Aguy, in 2013 which was the initial year of this segment: House sales income, Kes. 1,021,644,000/- Cost of sold houses, Kes. 793,753,000/- Profit from sale of the houses, 227,891,000/- Profit Margin, 22% Source; Page 80-81 of 2013 Annual Report http://www.housing.co.ke/images/pdf/AnnualReport2013.pdfIn 2014, we need the 2014 Annual Report to tell, any link? Bottom line, this is good income. They also gain further by lending mortgage loans to the house buyers.
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Housing Finance HY 2015 up 2.2%; dividend of 0.65
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