Wazua
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HFCK HY2017
Rank: Member Joined: 6/1/2017 Posts: 288
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Not a good sign to borrow new money to repay the bond Contrarian Investor and Trader.Advocate of free markets,limited government interference in the economy and sound money
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Rank: Member Joined: 3/10/2009 Posts: 36
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slick wrote:Not a good sign to borrow new money to repay the bond Not at all, bearing in mind that much of its fund is tied in unfinished & unsold properties. Borrowing is part of business as long as it's a going concern.
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Rank: Member Joined: 7/17/2014 Posts: 132 Location: Wherethewindblows
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By the way and please help me out if am wrong, but with the reduced rate aren't those who had borrowed before paying back gladly at the new rates? Why would they increase provision unless they are still planning to lend to the same risky bunch of borrowers... 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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Rank: Veteran Joined: 11/13/2015 Posts: 1,595
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doubletap wrote:By the way and please help me out if am wrong, but with the reduced rate aren't those who had borrowed before paying back gladly at the new rates? Why would they increase provision unless they are still planning to lend to the same risky bunch of borrowers... Unfortunately the middle class pool is very small and shrinking.Quote:Kenya’s economy produced fewer better paid workers in 2016, reflecting the softening of economic activity and the loss of quality jobs that came as companies trimmed their payrolls to survive the turbulence.
Newly-released economic data shows that only 74,293 or 2.9 per cent of formal sector employees earned more than Sh100,000 per month in the year – meaning the economy added only 2,495 workers to the category of high income earners. Low interest rates redistribute wealth upward, but they do not redistribute income upward. Rather, in the present they create not income but capital gains on old capital owned by rich, and in the future they reduce income on new capital investments made by the rich. 
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Rank: Member Joined: 9/14/2011 Posts: 834 Location: nairobi
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wukan wrote:doubletap wrote:By the way and please help me out if am wrong, but with the reduced rate aren't those who had borrowed before paying back gladly at the new rates? Why would they increase provision unless they are still planning to lend to the same risky bunch of borrowers... Unfortunately the middle class pool is very small and shrinking.Quote:Kenya’s economy produced fewer better paid workers in 2016, reflecting the softening of economic activity and the loss of quality jobs that came as companies trimmed their payrolls to survive the turbulence.
Newly-released economic data shows that only 74,293 or 2.9 per cent of formal sector employees earned more than Sh100,000 per month in the year – meaning the economy added only 2,495 workers to the category of high income earners. Low interest rates redistribute wealth upward, but they do not redistribute income upward. Rather, in the present they create not income but capital gains on old capital owned by rich, and in the future they reduce income on new capital investments made by the rich. please share the link
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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heri wrote:wukan wrote:doubletap wrote:By the way and please help me out if am wrong, but with the reduced rate aren't those who had borrowed before paying back gladly at the new rates? Why would they increase provision unless they are still planning to lend to the same risky bunch of borrowers... Unfortunately the middle class pool is very small and shrinking.Quote:Kenya’s economy produced fewer better paid workers in 2016, reflecting the softening of economic activity and the loss of quality jobs that came as companies trimmed their payrolls to survive the turbulence.
Newly-released economic data shows that only 74,293 or 2.9 per cent of formal sector employees earned more than Sh100,000 per month in the year – meaning the economy added only 2,495 workers to the category of high income earners. Low interest rates redistribute wealth upward, but they do not redistribute income upward. Rather, in the present they create not income but capital gains on old capital owned by rich, and in the future they reduce income on new capital investments made by the rich. please share the link No need for link. It's so by logic. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Spikes wrote:heri wrote:wukan wrote:doubletap wrote:By the way and please help me out if am wrong, but with the reduced rate aren't those who had borrowed before paying back gladly at the new rates? Why would they increase provision unless they are still planning to lend to the same risky bunch of borrowers... Unfortunately the middle class pool is very small and shrinking.Quote:Kenya’s economy produced fewer better paid workers in 2016, reflecting the softening of economic activity and the loss of quality jobs that came as companies trimmed their payrolls to survive the turbulence.
Newly-released economic data shows that only 74,293 or 2.9 per cent of formal sector employees earned more than Sh100,000 per month in the year – meaning the economy added only 2,495 workers to the category of high income earners. Low interest rates redistribute wealth upward, but they do not redistribute income upward. Rather, in the present they create not income but capital gains on old capital owned by rich, and in the future they reduce income on new capital investments made by the rich. please share the link No need for link. It's so by logic. That is formal employment, informal has more people earning 100k plus .... thank you can imagine!!! 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: 13,521 Location: nairobi
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Angelica _ann wrote:Spikes wrote:heri wrote:wukan wrote:doubletap wrote:By the way and please help me out if am wrong, but with the reduced rate aren't those who had borrowed before paying back gladly at the new rates? Why would they increase provision unless they are still planning to lend to the same risky bunch of borrowers... Unfortunately the middle class pool is very small and shrinking.Quote:Kenya’s economy produced fewer better paid workers in 2016, reflecting the softening of economic activity and the loss of quality jobs that came as companies trimmed their payrolls to survive the turbulence.
Newly-released economic data shows that only 74,293 or 2.9 per cent of formal sector employees earned more than Sh100,000 per month in the year – meaning the economy added only 2,495 workers to the category of high income earners. Low interest rates redistribute wealth upward, but they do not redistribute income upward. Rather, in the present they create not income but capital gains on old capital owned by rich, and in the future they reduce income on new capital investments made by the rich. please share the link No need for link. It's so by logic. That is formal employment, informal has more people earning 100k plus .... thank you can imagine!!! @Angel even there kuna shida.. Our economy is dying
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,699 Location: NAIROBI
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http://www.businessdaily...21922-ojp61bz/index.htmlWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Ericsson wrote:http://www.businessdailyafrica.com/corporate/companies/HF-turns-to-global-lenders-for-cheaper-Sh4-billion-loan/4003102-4121922-ojp61bz/index.html Eish madeni... possunt quia posse videntur
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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maka wrote:Ericsson wrote:http://www.businessdailyafrica.com/corporate/companies/HF-turns-to-global-lenders-for-cheaper-Sh4-billion-loan/4003102-4121922-ojp61bz/index.html Eish madeni... I worked with this Ireri chap in the 90's and i said as much when he was joining HFCK.... was really castigated by know it all in here nikanyamaza. Na bado!!! Isika talked alot of truth but then this is Kenya. 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: 1,595
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Angelica _ann wrote:maka wrote:Ericsson wrote:http://www.businessdailyafrica.com/corporate/companies/HF-turns-to-global-lenders-for-cheaper-Sh4-billion-loan/4003102-4121922-ojp61bz/index.html Eish madeni... I worked with this Ireri chap in the 90's and i said as much when he was joining HFCK.... was really castigated by know it all in here nikanyamaza. Na bado!!! Isika talked alot of truth but then this is Kenya. What are you trying to tell us about Saints alumni and madeni?
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Angelica _ann wrote:maka wrote:Ericsson wrote:http://www.businessdailyafrica.com/corporate/companies/HF-turns-to-global-lenders-for-cheaper-Sh4-billion-loan/4003102-4121922-ojp61bz/index.html Eish madeni... I worked with this Ireri chap in the 90's and i said as much when he was joining HFCK.... was really castigated by know it all in here nikanyamaza. Na bado!!! Isika talked alot of truth but then this is Kenya. Who are these know-it-all Wazuans? Bust them by names to smoke out some from their hideouts . Usinyamaze tena! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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wukan wrote:Angelica _ann wrote:maka wrote:Ericsson wrote:http://www.businessdailyafrica.com/corporate/companies/HF-turns-to-global-lenders-for-cheaper-Sh4-billion-loan/4003102-4121922-ojp61bz/index.html Eish madeni... I worked with this Ireri chap in the 90's and i said as much when he was joining HFCK.... was really castigated by know it all in here nikanyamaza. Na bado!!! Isika talked alot of truth but then this is Kenya. What are you trying to tell us about Saints alumni and madeni? Wakora wamevaa suti...😊 possunt quia posse videntur
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Rank: Elder Joined: 6/23/2009 Posts: 13,521 Location: nairobi
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maka wrote:wukan wrote:Angelica _ann wrote:maka wrote:Ericsson wrote:http://www.businessdailyafrica.com/corporate/companies/HF-turns-to-global-lenders-for-cheaper-Sh4-billion-loan/4003102-4121922-ojp61bz/index.html Eish madeni... I worked with this Ireri chap in the 90's and i said as much when he was joining HFCK.... was really castigated by know it all in here nikanyamaza. Na bado!!! Isika talked alot of truth but then this is Kenya. What are you trying to tell us about Saints alumni and madeni? Wakora wamevaa suti...😊 Surely have some respect for Saints alumni
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,521 Location: nairobi
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Spikes wrote:Angelica _ann wrote:maka wrote:Ericsson wrote:http://www.businessdailyafrica.com/corporate/companies/HF-turns-to-global-lenders-for-cheaper-Sh4-billion-loan/4003102-4121922-ojp61bz/index.html Eish madeni... I worked with this Ireri chap in the 90's and i said as much when he was joining HFCK.... was really castigated by know it all in here nikanyamaza. Na bado!!! Isika talked alot of truth but then this is Kenya. Who are these know-it-all Wazuans? Bust them by names to smoke out some from their hideouts . Usinyamaze tena! @spikes you used to be one such wazuan until somehow we humbled you down
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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obiero wrote:Spikes wrote:Angelica _ann wrote:maka wrote:Ericsson wrote:http://www.businessdailyafrica.com/corporate/companies/HF-turns-to-global-lenders-for-cheaper-Sh4-billion-loan/4003102-4121922-ojp61bz/index.html Eish madeni... I worked with this Ireri chap in the 90's and i said as much when he was joining HFCK.... was really castigated by know it all in here nikanyamaza. Na bado!!! Isika talked alot of truth but then this is Kenya. Who are these know-it-all Wazuans? Bust them by names to smoke out some from their hideouts . Usinyamaze tena! @spikes you used to be one such wazuan until somehow we humbled you down  Nyani aoni gubaye uliona la mwenziwe! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Quote:PUBLIC ANNOUNCEMENT ON APPOINTMENT OF SHARES REGISTRARHF Group PLC wishes to advise its Shareholders and the general investor community of the appointment of Comp-rite Kenya Limited as the Company’s Share Registrar eff ective 1st November 2017. The physical and postal address of Comp-rite Kenya Limited is as follows:- Comp-rite Kenya Limited
2nd Floor, Crescent Business Centre
The Crescent off Parklands Road Opp. MP Shah Hospital
P.O. Box 63428-00619
Nairobi, Kenya
Tel: +254 (20) 269-0955 Cell: +254 723-611786
Email: shares@comp-rite.com
Website: www.comp-rite.com and
https://secure.comp-rite...areholder-Services.aspx
Share Registration | Payroll | BPO ServicesAll Shareholders related queries including application(s) for registration of transfer of shares of the company, immobilization of shares and dividend enquiries should be lodged with Comp-rite Kenya Limited at the above address with effect from 1st November 2017. From the effective date of 1st November 2017, all uncollected Shares certificates and dividend cheques should henceforth be collected from the offices of Comp-rite Kenya Limited. UNCLAIMED DIVIDENDSPlease note that by law any unclaimed dividend outstanding in our records for more than three years will be surrendered to the Unclaimed Financial Assets Authority. Kindly but urgently lodge any claim you may have with our shares department or any of our branches. Effective 1st November 2017, such claims should be lodged with the Shares Registrar, Comp-rite Kenya Limited. Regina Anyika Company Secretary 16th October 2017. P.O Box 30088 – 00100, Nairobi, Kenya Email:shares.department@hfgroup.co.ke. Pesa Nane plans to be shilingi when he grows up.
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Rank: New-farer Joined: 4/21/2017 Posts: 8
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Angelica Ann has hit the nail on the head. I am not afraid to say, Obiero and Sparkle wear that suit very well. I posted here a few months ago that the bank was under stress and the potential impact on my huge investment and the misleading direction genuine investors were being taken by the vitriol the two were posting. Haven’t the results vindicated me. Thereafter Obiero indicated the size of his investment.....talk about NOT putting your money where your mouth is. If you check with HF staff they are not lending and have not been doing so for the past one year. The rising NPL is near the figure the former Director of Credit quoted in his court documents. It would be higher but the whole bank now only focuses on debt collection. I have managed to exit this counter this week after selling down slowly because of my portfolio size taking a sizable loss given that this entity has no strategy. Please Carry out your investigations for the brave souls willing to roll the dice on this counter.Ann, thanks for your candidness. 
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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grandie wrote:Angelica Ann has hit the nail on the head. I am not afraid to say, Obiero and Sparkle wear that suit very well. I posted here a few months ago that the bank was under stress and the potential impact on my huge investment and the misleading direction genuine investors were being taken by the vitriol the two were posting. Haven’t the results vindicated me. Thereafter Obiero indicated the size of his investment.....talk about NOT putting your money where your mouth is. If you check with HF staff they are not lending and have not been doing so for the past one year. The rising NPL is near the figure the former Director of Credit quoted in his court documents. It would be higher but the whole bank now only focuses on debt collection. I have managed to exit this counter this week after selling down slowly because of my portfolio size taking a sizable loss given that this entity has no strategy. Please Carry out your investigations for the brave souls willing to roll the dice on this counter.Ann, thanks for your candidness. Before you trust a Wazuan elder credibility check is essential! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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