instinct wrote:http://www.businessdailyafrica.com/Corporate-News/Court-battle-reveals-HF-Sh4bn-hidden-bad-loans/539550-3484506-hqtjt4z/index.html
this 'msoga' is starting to smell foul....
HF shareholders should not panic for this news.
This man claims cannot be trusted.
Why is he raising the issue of NPLs after he has been fired?
I aslo fault mgt for allowing this issue to get this far.They could have nipped the thing in the bud as soon as the man started communicating with the board.
I advise Hf shareholders not to panic sale.
The case might dragg for long but wait untill the facts of the case are proved beyond doubts.
For longterm investors,take advantage of the panic to increase your holding and to average down your buying price.
I trust FY reports as its the only avenue i can gauge the financial health of a company.For dubious reports from compromised auditors,i trust that CMA will take appropriate action of forwarding it to EACC for prosecution.
Towards the goal of financial freedom