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Housing Finance: HFCK a diamond in the rough
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obiero
#1521 Posted : Thursday, November 17, 2016 7:35:08 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
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guru267
#1522 Posted : Thursday, November 17, 2016 7:49:51 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
obiero wrote:
http://www.standardmedia...-jumps-to-sh1-7-billion


What are you smoking?
Mark 12:29
Deuteronomy 4:16
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Gatheuzi
#1523 Posted : Friday, November 18, 2016 8:02:29 AM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
guru267 wrote:
obiero wrote:
http://www.standardmedia...-jumps-to-sh1-7-billion


What are you smoking?

@obiero, 1.7B was for FY15.

Quote:
Integrated financial and property services provider HF Group today announced a 25 per cent growth in profitability for the year ended December 31, 2015. The Group’s profit before tax grew to Sh1.754 billion in the period compared to KShs 1.401 billion over a similar period in 2014.
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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obiero
#1524 Posted : Friday, November 18, 2016 8:18:38 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
Gatheuzi wrote:
guru267 wrote:
obiero wrote:
http://www.standardmedia...-jumps-to-sh1-7-billion


What are you smoking?

@obiero, 1.7B was for FY15.

Quote:
Integrated financial and property services provider HF Group today announced a 25 per cent growth in profitability for the year ended December 31, 2015. The Group’s profit before tax grew to Sh1.754 billion in the period compared to KShs 1.401 billion over a similar period in 2014.

We have to excite the market

KQ ABP 4.26
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VituVingiSana
#1525 Posted : Tuesday, November 22, 2016 1:09:56 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Not too bad considering all the upheavals in the banking sector.

http://www.businessdaily...0108-o29wvgz/index.html

The NPLs haven't risen as much as other lenders and that's a huge plus for HFCK. Could that be thanks to what they finance i.e. houses/buildings? [You cannot steal a house. Of course, there's always the USIU-type saga where 3 people claim the same property!]
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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actuarywahisa
#1526 Posted : Tuesday, November 22, 2016 11:39:28 AM
Rank: Member

Joined: 5/21/2014
Posts: 184
obiero wrote:
Gatheuzi wrote:
guru267 wrote:
obiero wrote:
http://www.standardmedia...-jumps-to-sh1-7-billion


What are you smoking?

@obiero, 1.7B was for FY15.

Quote:
Integrated financial and property services provider HF Group today announced a 25 per cent growth in profitability for the year ended December 31, 2015. The Group’s profit before tax grew to Sh1.754 billion in the period compared to KShs 1.401 billion over a similar period in 2014.

We have to excite the market


Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
There are too many opportunities all around. Open your eyes and maybe you'll spot one
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Angelica _ann
#1527 Posted : Tuesday, November 22, 2016 11:55:38 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Just a question ... why would they issue a bond to investors and then invest cash heavily in GoK Securities????
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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instinct
#1528 Posted : Tuesday, November 22, 2016 1:12:30 PM
Rank: Member

Joined: 8/17/2007
Posts: 294
Angelica _ann wrote:
Just a question ... why would they issue a bond to investors and then invest cash heavily in GoK Securities????


govt securities can instantly be liquidated but going to the market to issue a bond can take 8months....
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VituVingiSana
#1529 Posted : Tuesday, November 22, 2016 4:42:23 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Angelica _ann wrote:
Just a question ... why would they issue a bond to investors and then invest cash heavily in GoK Securities????
Short term. When you receive a dividend you want to re-invest, do you run out and buy shares immediately or leave the funds in a current/savings account until you find something to buy?
Loans take time to make. Perhaps the Bond was to invest in a new housing project to be paid for over time or in stages.

@Instinct is right coz it takes ages to issue a bond in Kenya.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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doubletap
#1530 Posted : Tuesday, November 22, 2016 11:09:08 PM
Rank: Member

Joined: 7/17/2014
Posts: 132
Location: Wherethewindblows
Gatheuzi wrote:
guru267 wrote:
obiero wrote:
http://www.standardmedia...-jumps-to-sh1-7-billion


What are you smoking?

@obiero, 1.7B was for FY15.

Quote:
Integrated financial and property services provider HF Group today announced a 25 per cent growth in profitability for the year ended December 31, 2015. The Group’s profit before tax grew to Sh1.754 billion in the period compared to KShs 1.401 billion over a similar period in 2014.


Laughing out loudly Laughing out loudly Laughing out loudly
You have to learn the rules of the game. And then you have to play better than anyone else - Albert Einstein
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