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Housing Finance: HFCK a diamond in the rough
Rank: Elder Joined: 12/7/2012 Posts: 11,935
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KulaRaha wrote: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?  In Kenya Management misrepresent facts to investors through IM during public listing, rights and bond offers and you think they don't massage annual financial reports. Okay,Isorite. 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: Veteran Joined: 11/13/2015 Posts: 1,653
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HF used to have rotten shady employees, you only need to go through the judgments issued by the commercial courts on how they used to manipulate systems or ask Buruburu homeowners on the horrors they experienced with HF.
Frank Ireri is a decent guy right from his days at barclays. He has a good strategy that has turned around the fortunes of HF. There are still some challenges and he needs to shake up a few departments. On the overall long term looks okay but the price may end up in the single digits.
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Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale
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Angelica _ann wrote:KulaRaha wrote: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? In Kenya Management misrepresent facts to investors through IM during public listing, rights and bond offers and you think they don't massage annual financial reports. Okay,Isorite. @Angelica,I dont mean that way. As a longterm investor,one of my important tool is the annual financial report.I have to trust as its from the company i have put my money. I wont put my money in a company that i dont trust.This runs from management to the business. I will pull out when my trust in a company is eroded. If you dont trust a company,why invest in it? if you dont trust its financial reports,why invest in it? We should not allow fear to stop us from following our dream. Poverty is rampant becoz majority fear and doubt everything. Towards the goal of financial freedom
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Rank: New-farer Joined: 2/7/2016 Posts: 79 Location: Home
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Ebenyo wrote:Angelica _ann wrote:KulaRaha wrote: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? In Kenya Management misrepresent facts to investors through IM during public listing, rights and bond offers and you think they don't massage annual financial reports. Okay,Isorite. @Angelica,I dont mean that way. As a longterm investor,one of my important tool is the annual financial report.I have to trust as its from the company i have put my money. I wont put my money in a company that i dont trust.This runs from management to the business. I will pull out when my trust in a company is eroded. If you dont trust a company,why invest in it? if you dont trust its financial reports,why invest in it? We should not allow fear to stop us from following our dream. Poverty is rampant becoz majority fear and doubt everything. As a current shareholder, my approach is simple. I have decided to put all purchases on hold until the full year results are out. If there is a decline in PAT and if there is a cut in dividends, I will sell off. If any of these two conditions for selling are not met, I will start accumulating more.
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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I know Kevin personally. This is a man who you cannot even trust to park your car, lest he drives off
KQ ABP 4.26
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Rank: Elder Joined: 11/5/2010 Posts: 2,459
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obiero wrote:I know Kevin personally. This is a man who you cannot even trust to park your car, lest he drives off Hard to support with available evidence. He was fired over use of unprofesional language not integrity issues. Its very hard to be a director of credit in a bank if your history is tainted with integrity issues. Mr. Ireri has no significant stake in HF like JM or Muriuki. A very key indicator. The few shares he holds are courtesy of an ESOP. That's a staff benefit which everyone grabs.
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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FRM2011 wrote:obiero wrote:I know Kevin personally. This is a man who you cannot even trust to park your car, lest he drives off Hard to support with available evidence. He was fired over use of unprofesional language not integrity issues. Its very hard to be a director of credit in a bank if your history is tainted with integrity issues. Mr. Ireri has no significant stake in HF like JM or Muriuki. A very key indicator. The few shares he holds are courtesy of an ESOP. That's a staff benefit which everyone grabs. Do you know him personally??
KQ ABP 4.26
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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Ebenyo wrote:Angelica _ann wrote:KulaRaha wrote: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? In Kenya Management misrepresent facts to investors through IM during public listing, rights and bond offers and you think they don't massage annual financial reports. Okay,Isorite. @Angelica,I dont mean that way. As a longterm investor,one of my important tool is the annual financial report.I have to trust as its from the company i have put my money. I wont put my money in a company that i dont trust.This runs from management to the business. I will pull out when my trust in a company is eroded. If you dont trust a company,why invest in it? if you dont trust its financial reports,why invest in it? We should not allow fear to stop us from following our dream. Poverty is rampant becoz majority fear and doubt everything. The claims are totally false and wazua will soon realise. For now, we count unnecessary losses
KQ ABP 4.26
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Rank: Member Joined: 2/20/2015 Posts: 468 Location: Nairobi
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obiero wrote:Ebenyo wrote:Angelica _ann wrote:KulaRaha wrote: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? In Kenya Management misrepresent facts to investors through IM during public listing, rights and bond offers and you think they don't massage annual financial reports. Okay,Isorite. @Angelica,I dont mean that way. As a longterm investor,one of my important tool is the annual financial report.I have to trust as its from the company i have put my money. I wont put my money in a company that i dont trust.This runs from management to the business. I will pull out when my trust in a company is eroded. If you dont trust a company,why invest in it? if you dont trust its financial reports,why invest in it? We should not allow fear to stop us from following our dream. Poverty is rampant becoz majority fear and doubt everything. The claims are totally false and wazua will soon realise. For now, we count unnecessary losses Dubai bank demise started with a fired employee going to court and spilling the beans.
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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kawi254 wrote:obiero wrote:Ebenyo wrote:Angelica _ann wrote:KulaRaha wrote: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? In Kenya Management misrepresent facts to investors through IM during public listing, rights and bond offers and you think they don't massage annual financial reports. Okay,Isorite. @Angelica,I dont mean that way. As a longterm investor,one of my important tool is the annual financial report.I have to trust as its from the company i have put my money. I wont put my money in a company that i dont trust.This runs from management to the business. I will pull out when my trust in a company is eroded. If you dont trust a company,why invest in it? if you dont trust its financial reports,why invest in it? We should not allow fear to stop us from following our dream. Poverty is rampant becoz majority fear and doubt everything. The claims are totally false and wazua will soon realise. For now, we count unnecessary losses Dubai bank demise started with a fired employee going to court and spilling the beans. Wewe namna gani bwana.. Dubai bank was a shell bank.. HF on the other hand has Equity Bank behind it.. Wasema uko na Intel kuliko Mwangi?
KQ ABP 4.26
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