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Housing Finance: HFCK a diamond in the rough
obiero
#1541 Posted : Tuesday, December 13, 2016 9:23:13 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
VituVingiSana wrote:
muandiwambeu wrote:
VituVingiSana wrote:
Pesa Nane wrote:
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....


On the very day that I scooped meself some more!!! Sad Sad
Pole sana. Sad Sad Sad If you do not trust the management, just avoid the stock [as a long-term investment]

My take is simple, lots begs explaining here. A confirmation of a hint I bumped upon two yrs down the line. Lots more lurks behind this revelation.
Toboa! Laughing out loudly Laughing out loudly Laughing out loudly

P.S. If anyone hears anything about I&M ... please let me know!
Equity too but I am not as invested in it as I&M

I&M is burst in the middle.. Take off while you still can.. Meanwhile, that suppression of NPLs especially being mortgages doesn't make sense. The former employee is simply jilted, just like @vvs with KQ

KQ ABP 4.26
Mkondoa Macho
#1542 Posted : Tuesday, December 13, 2016 10:04:26 PM
Rank: New-farer

Joined: 2/7/2016
Posts: 79
Location: Home
How many shares of HFCK does Mr Frank Ireri have??Anything less than 100million worth of shares is considered insignificant because he lacks enough skin in the game. Any investor at Equity would feel safe considering that Mwangi has billions in shares there...lakini hapa tumecheswod'oh! d'oh! d'oh! d'oh!
Mkondoa Macho
#1543 Posted : Tuesday, December 13, 2016 10:43:33 PM
Rank: New-farer

Joined: 2/7/2016
Posts: 79
Location: Home
I have incurred a serious loss in this counter...and I guess I will just leave the shares...I will not sell...I prefer staying invested until the next bull market comes and at that time I will dump them and walk away. Current market capitalization is 4.4 billion...almost the same value of the bad loans that were not reported.
Bigchick
#1544 Posted : Tuesday, December 13, 2016 11:36:46 PM
Rank: Elder

Joined: 2/8/2013
Posts: 4,068
Location: At Large.
With this kind of discussion from enlightened people and whattsapp rumours from the less enlightened...I foresee doom for HF Group.Their current and savings accounts will suffer a great deal.

I feel "jonolists" are also to blame for some of the messes that come up.I think they need to know what information is sensitive and which is not.

This muchene/sourgrapes from a jilted employee is not right.
Love is beautiful and so are those who share it.With Love, Marriage is an amazing event in ones life time, the foundation of joy, happiness and success.
obiero
#1545 Posted : Wednesday, December 14, 2016 7:12:38 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
Bigchick wrote:
With this kind of discussion from enlightened people and whattsapp rumours from the less enlightened...I foresee doom for HF Group.Their current and savings accounts will suffer a great deal.

I feel "jonolists" are also to blame for some of the messes that come up.I think they need to know what information is sensitive and which is not.

This muchene/sourgrapes from a jilted employee is not right.

@Bigchick agreed, but it's too late now.. The fake news has filtered out and the share is already jittery..

KQ ABP 4.26
MadDoc
#1546 Posted : Wednesday, December 14, 2016 8:48:42 AM
Rank: Member

Joined: 10/26/2015
Posts: 151
Bigchick wrote:
With this kind of discussion from enlightened people and whattsapp rumours from the less enlightened...I foresee doom for HF Group.Their current and savings accounts will suffer a great deal.

I feel "jonolists" are also to blame for some of the messes that come up.I think they need to know what information is sensitive and which is not.

This muchene/sourgrapes from a wilted employee is not right.


Could be a good time to load up. That's if you believe they are Just rumors.

VituVingiSana
#1547 Posted : Wednesday, December 14, 2016 9:10:56 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
muandiwambeu wrote:
VituVingiSana wrote:
Pesa Nane wrote:
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....


On the very day that I scooped meself some more!!! Sad Sad
Pole sana. Sad Sad Sad If you do not trust the management, just avoid the stock [as a long-term investment]

My take is simple, lots begs explaining here. A confirmation of a hint I bumped upon two yrs down the line. Lots more lurks behind this revelation.
Toboa! Laughing out loudly Laughing out loudly Laughing out loudly

P.S. If anyone hears anything about I&M ... please let me know!
Equity too but I am not as invested in it as I&M

I&M is burst in the middle.. Take off while you still can.. Meanwhile, that suppression of NPLs especially being mortgages doesn't make sense. The former employee is simply jilted, just like @vvs with KQ

Details.
What does "I&M is burst in the middle." mean?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#1548 Posted : Wednesday, December 14, 2016 9:13:36 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Bigchick wrote:
With this kind of discussion from enlightened people and whattsapp rumours from the less enlightened...I foresee doom for HF Group.Their current and savings accounts will suffer a great deal.

I feel "jonolists" are also to blame for some of the messes that come up.I think they need to know what information is sensitive and which is not.

This muchene/sourgrapes from a jilted employee is not right.

1) It was what Muchene said that they reported
2) Would you like all your news filtered like in the Moi days?
3) If you think it is fake then load up as the price falls...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ebenyo
#1549 Posted : Wednesday, December 14, 2016 9:57:18 AM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
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
KulaRaha
#1550 Posted : Wednesday, December 14, 2016 10:01:42 AM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
Ebenyo wrote:
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.





Like they did for Uchumi and KQ? Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
Business opportunities are like buses,there's always another one coming
251 Pages«<153154155156157>»
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