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Housing Finance: HFCK a diamond in the rough
Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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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?  Bottomline: If you do not trust the Management, don't invest in the firm. The management can easily hoodwink the Board, Auditors and Shareholders. As for the CMA, the less said the better... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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wukan wrote: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. Frank is a nice, smart guy BUT he has been there for a while... Surely, he should have ferreted out the crooks. Ama ni politics na godfathers? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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obiero wrote: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? http://www.businessdaily...79426-6hjd2l/index.html
As we know @Obiero is never wrong... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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 Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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VituVingiSana wrote:obiero wrote: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? http://www.businessdaily...79426-6hjd2l/index.html
As we know @Obiero is never wrong... LOL. I dint mean ownership, simply meant comradeship. @Obiero is never wrong
KQ ABP 4.26
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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Saw it on today's business daily.. Es tre bien
KQ ABP 4.26
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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obiero wrote:Saw it on today's business daily.. Es tre bien How I miss my English ticha at this moment, a tigress dies crawling on its toes.,,,,,.   . who is doing better in this crawling affair. Why can't they run to their ultimate goal and leave us in peace. ,Behold, a sower went forth to sow;....
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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Who would have guessed HF is headed to sub 10, considering their rights price?  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: 14,213 Location: nairobi
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Order placed. About to extra pump cash in here. Opportunity chooses the prepared
KQ ABP 4.26
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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obiero wrote:Order placed. About to extra pump cash in here. Opportunity chooses the prepared 10% up today. Maybe I was born to trade
KQ ABP 4.26
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