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Housing Finance HY 2015 up 2.2%; dividend of 0.65
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instinct
#21 Posted : Wednesday, July 22, 2015 10:25:38 PM
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Joined: 8/17/2007
Posts: 294
And what happened to the 3.5b cash raised in march in the rights issue? No impact at all on profitability
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VituVingiSana
#22 Posted : Thursday, July 23, 2015 12:27:18 AM
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Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
instinct wrote:
And what happened to the 3.5b cash raised in march in the rights issue? No impact at all on profitability
It's not enough time to put the cash to work except in T-Bills. The impact will start showing up in 3Q. Full impact in 2016.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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researchfirst
#23 Posted : Friday, July 24, 2015 2:17:26 PM
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Joined: 2/24/2015
Posts: 154
Location: Nairobi
Annual report and Q2 PDFs download here: http://kenyainvestor.com...o-kenya-ltd/financials/

mwekez@ji wrote:
@Aguy,

in 2013 which was the initial year of this segment:

House sales income, Kes. 1,021,644,000/-
Cost of sold houses, Kes. 793,753,000/-
Profit from sale of the houses, 227,891,000/-
Profit Margin, 22%

Source; Page 80-81 of 2013 Annual Report http://www.housing.co.ke/images/pdf/AnnualReport2013.pdf


In 2014, we need the 2014 Annual Report to tell, any link?

Bottom line, this is good income. They also gain further by lending mortgage loans to the house buyers

.
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Aguytrying
#24 Posted : Sunday, July 26, 2015 9:52:22 PM
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Joined: 7/11/2010
Posts: 5,040
researchfirst wrote:
Annual report and Q2 PDFs download here: http://kenyainvestor.com...o-kenya-ltd/financials/

mwekez@ji wrote:
@Aguy,

in 2013 which was the initial year of this segment:

House sales income, Kes. 1,021,644,000/-
Cost of sold houses, Kes. 793,753,000/-
Profit from sale of the houses, 227,891,000/-
Profit Margin, 22%

Source; Page 80-81 of 2013 Annual Report http://www.housing.co.ke/images/pdf/AnnualReport2013.pdf


In 2014, we need the 2014 Annual Report to tell, any link?

Bottom line, this is good income. They also gain further by lending mortgage loans to the house buyers

.




I would say 22% is a good start. Thanks for digging up
The investor's chief problem - and even his worst enemy - is likely to be himself
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instinct
#25 Posted : Monday, July 27, 2015 5:01:44 PM
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Joined: 8/17/2007
Posts: 294
Problem is they are a bank, not a property development expert. they must be making costly mistakes in the projects, cost overuns etc..
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hisah
#26 Posted : Monday, July 27, 2015 5:45:42 PM
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Joined: 8/4/2010
Posts: 8,977
If this HP index by Kenya Bankers is accurate, this stock and HAFR have acres to fall!

Marginal 0.2 Percent House Price Increase Witnessed In Second Quarter
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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instinct
#27 Posted : Tuesday, July 28, 2015 10:42:11 AM
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Posts: 294
Showing signs of take off. No supply!
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doubletap
#28 Posted : Tuesday, July 28, 2015 1:18:20 PM
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Joined: 7/17/2014
Posts: 132
Location: Wherethewindblows
It will come down soon after the 31st think the rally is all about the divined.
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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ike
#29 Posted : Tuesday, July 28, 2015 1:57:57 PM
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Joined: 7/2/2014
Posts: 123
instinct wrote:
Showing signs of take off. No supply!

any attempts at bull are thwarted firmly
,
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Pesa Nane
#30 Posted : Monday, August 03, 2015 5:09:48 PM
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Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
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Aguytrying
#31 Posted : Monday, August 03, 2015 9:16:37 PM
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Joined: 7/11/2010
Posts: 5,040
alot of musical chairs going on with this company since last year
The investor's chief problem - and even his worst enemy - is likely to be himself
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