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HFCK HY 16
Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Housing Finance has reported a 27 per cent increase in profit after tax for the first half of 2016. Net profit increased to Sh612.6 million from Sh485.1 million in the same period last year. The mortgage lender attributed the growth to an increase in net interest income that rose from Sh1.71 billion to Sh2.09 billion in the review period. In the six months to June, the loan book grew by seven per cent to Sh53.5 billion from Sh49.9 billion. Deposits increased from Sh37.4 billion to Sh39.8 billion on account of increased customer numbers. Managing director Frank Ireri said the group also increased its holding of government securities from Sh516 million to Sh3.7 billion to take advantage of the improved yields. http://www.the-star.co.k...-sh6126-million_c1400765"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: 7/21/2010 Posts: 6,191 Location: nairobi
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How much interim,tumezoea "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Member Joined: 7/21/2014 Posts: 100 Location: Ghana
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Yes Interim dividend value is very important
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Rank: Member Joined: 7/21/2014 Posts: 100 Location: Ghana
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Last year was 65 cents I expect 70 to 75 cents
based on their good performance in terms of HY PAT
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Rank: Member Joined: 3/3/2016 Posts: 132
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Anyone know when the other banks will release?
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Rank: Elder Joined: 6/23/2009 Posts: 13,760 Location: nairobi
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Plimsoul wrote:Anyone know when the other banks will release? Thur
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Member Joined: 3/3/2016 Posts: 132
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obiero wrote:Plimsoul wrote:Anyone know when the other banks will release? Thur Who will release on Thursday? I understand CfC Stanbic should be Friday. Anyone know dates for: Equity Coop NIC StanChart Barclays DTB I&M NBK
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Rank: Hello Joined: 6/1/2016 Posts: 6 Location: hill ten
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Plimsoul wrote:obiero wrote:Plimsoul wrote:Anyone know when the other banks will release? Thur Who will release on Thursday? I understand CfC Stanbic should be Friday. Anyone know dates for: Equity Coop NIC StanChart Barclays DTB I&M NBK kcb too
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Rank: Elder Joined: 12/7/2012 Posts: 11,919
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KIMAIYO wrote:Plimsoul wrote:obiero wrote:Plimsoul wrote:Anyone know when the other banks will release? Thur Who will release on Thursday? I understand CfC Stanbic should be Friday. Anyone know dates for: Equity Coop NIC StanChart Barclays DTB I&M NBK kcb too KCB released results last week. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 6/23/2009 Posts: 13,760 Location: nairobi
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Angelica _ann wrote:KIMAIYO wrote:Plimsoul wrote:obiero wrote:Plimsoul wrote:Anyone know when the other banks will release? Thur Who will release on Thursday? I understand CfC Stanbic should be Friday. Anyone know dates for: Equity Coop NIC StanChart Barclays DTB I&M NBK kcb too KCB released results last week. Meanwhile HF are now only 1% compliant on liquidity. Expect another rights in the next one year
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Veteran Joined: 7/1/2014 Posts: 920 Location: sky
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Housing Finance half year 2016 Net Profits up 27 Per Cent to KES 612.6M from KSh 485.1 million reported in the same period in 2015 Earnings per Share increased by 26% to KSh 3.51 compared to KSh 2.79 reported over a similar period in 2015 no interim divided this year? or they forgot announcing There 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: 13,760 Location: nairobi
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littledove wrote:Housing Finance half year 2016 Net Profits up 27 Per Cent to KES 612.6M from KSh 485.1 million reported in the same period in 2015
Earnings per Share increased by 26% to KSh 3.51 compared to KSh 2.79 reported over a similar period in 2015
no interim divided this year? or they forgot announcing check the liquidity ratio of 21% against minimum CBK requirement of 20%.. There was no way they could pay an interim. But full year dividend may rise based on massive interest income gain from the Komarock houses
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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obiero wrote:littledove wrote:Housing Finance half year 2016 Net Profits up 27 Per Cent to KES 612.6M from KSh 485.1 million reported in the same period in 2015
Earnings per Share increased by 26% to KSh 3.51 compared to KSh 2.79 reported over a similar period in 2015
no interim divided this year? or they forgot announcing check the liquidity ratio of 21% against minimum CBK requirement of 20%.. There was no way they could pay an interim. But full year dividend may rise based on massive interest income gain from the Komarock houses Another capital raising exercise was always on the cards based on their Q1 results. It has caught up with them real fast. The jump in govt securities is to create a liquidity buffer and help meet/beat capital ratios not coz of an increase in yields. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Elder Joined: 6/23/2009 Posts: 13,760 Location: nairobi
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lochaz-index wrote:obiero wrote:littledove wrote:Housing Finance half year 2016 Net Profits up 27 Per Cent to KES 612.6M from KSh 485.1 million reported in the same period in 2015
Earnings per Share increased by 26% to KSh 3.51 compared to KSh 2.79 reported over a similar period in 2015
no interim divided this year? or they forgot announcing check the liquidity ratio of 21% against minimum CBK requirement of 20%.. There was no way they could pay an interim. But full year dividend may rise based on massive interest income gain from the Komarock houses Another capital raising exercise was always on the cards based on their Q1 results. It has caught up with them real fast. The jump in govt securities is to create a liquidity buffer and help meet/beat capital ratios not coz of an increase in yields. Co-sign
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Chief Joined: 1/3/2007 Posts: 18,209 Location: Nairobi
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I do not recall any other bank [that's not been flagged as being in trouble] with such a low Liquidity Ratio. No wonder there is no interim dividend. Rights? 2nd Tier Debt? Sales of houses? Stop lending? Enhance debt collection? HF will need to get some more cash in soon. 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: 13,760 Location: nairobi
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VituVingiSana wrote:I do not recall any other bank [that's not been flagged as being in trouble] with such a low Liquidity Ratio. No wonder there is no interim dividend.
Rights?
2nd Tier Debt?
Sales of houses?
Stop lending?
Enhance debt collection?
HF will need to get some more cash in soon. 25B bills offloaded by banks in a quick fire sale yesterday at CBK. These are interesting times. Luckily in the year 2014 I sold off my bulk holding in HF at 23, KCB at 60 and COOP at 22
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Veteran Joined: 7/1/2014 Posts: 920 Location: sky
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VituVingiSana wrote:I do not recall any other bank [that's not been flagged as being in trouble] with such a low Liquidity Ratio. No wonder there is no interim dividend.
Rights?
2nd Tier Debt?
Sales of houses?
Stop lending?
Enhance debt collection?
HF will need to get some more cash in soon. they also have a bond which is due for payment next year There 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: 7/21/2010 Posts: 6,191 Location: nairobi
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How does the new bill treat mortgages? "Don't let the fear of losing be greater than the excitement of winning."
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Rank: User Joined: 1/20/2014 Posts: 3,528
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obiero wrote:lochaz-index wrote:obiero wrote:littledove wrote:Housing Finance half year 2016 Net Profits up 27 Per Cent to KES 612.6M from KSh 485.1 million reported in the same period in 2015
Earnings per Share increased by 26% to KSh 3.51 compared to KSh 2.79 reported over a similar period in 2015
no interim divided this year? or they forgot announcing check the liquidity ratio of 21% against minimum CBK requirement of 20%.. There was no way they could pay an interim. But full year dividend may rise based on massive interest income gain from the Komarock houses Another capital raising exercise was always on the cards based on their Q1 results. It has caught up with them real fast. The jump in govt securities is to create a liquidity buffer and help meet/beat capital ratios not coz of an increase in yields. Co-sign I like that, being smoked out  Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Elder Joined: 6/23/2009 Posts: 13,760 Location: nairobi
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Othelo wrote:obiero wrote:lochaz-index wrote:obiero wrote:littledove wrote:Housing Finance half year 2016 Net Profits up 27 Per Cent to KES 612.6M from KSh 485.1 million reported in the same period in 2015
Earnings per Share increased by 26% to KSh 3.51 compared to KSh 2.79 reported over a similar period in 2015
no interim divided this year? or they forgot announcing check the liquidity ratio of 21% against minimum CBK requirement of 20%.. There was no way they could pay an interim. But full year dividend may rise based on massive interest income gain from the Komarock houses Another capital raising exercise was always on the cards based on their Q1 results. It has caught up with them real fast. The jump in govt securities is to create a liquidity buffer and help meet/beat capital ratios not coz of an increase in yields. Co-sign I like that, being smoked out The stock is down today by almost 4% despite posting 'improved' profits of over 27%.. Wazua never lies
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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