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HF Group Q1 2016 PAT up 47.7%

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instinct		#21 Posted : Tuesday, April 26, 2016 9:30:11 PM
Rank: Member Joined: 8/17/2007 Posts: 294		Those financials are straight forward...ppl should not see ghosts where none exists. if uve followed this counter you'll know it pursues a simple business model..lend mortgages and construction loans, build houses and sell them. it raised 3.5b last year to boost lending and fund construction projects. it paid off and that's what showing on the income statement...
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obiero		#22 Posted : Tuesday, April 26, 2016 9:45:59 PM
Rank: Elder Joined: 6/23/2009 Posts: 13,720 Location: nairobi		instinct wrote: Those financials are straight forward...ppl should not see ghosts where none exists. if uve followed this counter you'll know it pursues a simple business model..lend mortgages and construction loans, build houses and sell them. it raised 3.5b last year to boost lending and fund construction projects. it paid off and that's what showing on the income statement... The provisions by CEO own admission, are questionable COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Gatheuzi		#23 Posted : Wednesday, April 27, 2016 7:18:50 AM
Rank: Veteran Joined: 8/16/2009 Posts: 994		maka wrote: obiero wrote: mugo2of3 wrote: lochaz-index wrote: littledove wrote: lochaz-index wrote: KulaRaha wrote: Hmmm....in an industry where most top players are struggling... Too many cooks around... My thoughts too. Where is this increased lending coming from? Whether you look at it from the borrowers(increased premium 'k' and harsh business climate) or lenders (liquidity preference and a risk off approach)point of view it doesn't make sense unless there is something we ain't accounting for. money from rights issue conducted last year of important to note also is HF is set to redeem Sh7 billion worth of its seven-year bond it issued in 2010 I have just had a peek at its disclosures section. Both its capital and liquidity ratios are thinning out very fast. Bringing the bond redemption into focus would mean both its tier 1&2 capital will need replenishing... there seems to be more than meets the eye here. Increased lending doesn't add up. @lochaz-index, do you mind putting the above in Layman-friendly language.. Fact is that they are playing a game dangerous in nature.. Very similar to the NBK one.. In other news, its the govt bonds that gave massive or significant income push @Obiero which bonds agian?HF is never talked about in the FI circles...nothing to write home about. @maka, they plan to redeem 7B corporate bond they issued in 2010. To prepare for that they bought GOK bonds last year at a time the rates were quite attractive. That helped push up interest income from gvt securities. Of course that will not repeat next year thus caution is the name of the game. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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guru267		#24 Posted : Wednesday, April 27, 2016 11:12:44 AM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		I like the way HF announces Q1 results just before dividend books closure.... Ensures price remains relatively stable Mark 12:29 Deuteronomy 4:16
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ngapat		#25 Posted : Wednesday, April 27, 2016 11:23:36 AM
Rank: Member Joined: 12/11/2006 Posts: 894		guru267 wrote: I like the way HF announces Q1 results just before dividend books closure.... Ensures price remains relatively stable Speculators hate that though “Invest in yourself. Your career is the engine of your wealth.”
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instinct		#26 Posted : Wednesday, April 27, 2016 1:56:26 PM
Rank: Member Joined: 8/17/2007 Posts: 294		ngapat wrote: guru267 wrote: I like the way HF announces Q1 results just before dividend books closure.... Ensures price remains relatively stable Speculators hate that though Dividend closure date is today right?
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1masha		#27 Posted : Wednesday, April 27, 2016 6:15:19 PM
Rank: New-farer Joined: 2/28/2014 Posts: 42		instinct wrote: ngapat wrote: guru267 wrote: I like the way HF announces Q1 results just before dividend books closure.... Ensures price remains relatively stable Speculators hate that though Dividend closure date is today right? Nope. HF announced a Final dividend of Kes.0.65 on 25-Feb-2016; Book Closure 29-Apr-2016. Payment 27-May-2016 Good judgement is often the result of experience. Experience is often the result of bad judgement - Mark Twain.
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Palesa		#28 Posted : Thursday, April 28, 2016 12:03:55 PM
Rank: Hello Joined: 7/15/2015 Posts: 4 Location: Nairobi		Books closure is tomorrow..... 29th April
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obiero		#29 Posted : Tuesday, March 28, 2017 9:04:39 AM
Rank: Elder Joined: 6/23/2009 Posts: 13,720 Location: nairobi		Gatheuzi wrote: maka wrote: obiero wrote: mugo2of3 wrote: lochaz-index wrote: littledove wrote: lochaz-index wrote: KulaRaha wrote: Hmmm....in an industry where most top players are struggling... Too many cooks around... My thoughts too. Where is this increased lending coming from? Whether you look at it from the borrowers(increased premium 'k' and harsh business climate) or lenders (liquidity preference and a risk off approach)point of view it doesn't make sense unless there is something we ain't accounting for. money from rights issue conducted last year of important to note also is HF is set to redeem Sh7 billion worth of its seven-year bond it issued in 2010 I have just had a peek at its disclosures section. Both its capital and liquidity ratios are thinning out very fast. Bringing the bond redemption into focus would mean both its tier 1&2 capital will need replenishing... there seems to be more than meets the eye here. Increased lending doesn't add up. @lochaz-index, do you mind putting the above in Layman-friendly language.. Fact is that they are playing a game dangerous in nature.. Very similar to the NBK one.. In other news, its the govt bonds that gave massive or significant income push @Obiero which bonds agian?HF is never talked about in the FI circles...nothing to write home about. @maka, they plan to redeem 7B corporate bond they issued in 2010. To prepare for that they bought GOK bonds last year at a time the rates were quite attractive. That helped push up interest income from gvt securities. Of course that will not repeat next year thus caution is the name of the game. HF dangerous game has come back to bite its buttocks COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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