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Housing Finance: HFCK a diamond in the rough
Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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obiero wrote:DtheK wrote:CEO's statement From the annual report;
Exiting real estate expected to release more cash.
(Clay City Apartments and Richland Pointe Apartments within the year).
Projection to reduce NPLs by 3.8 Billion this year(NPL ratio down to 20% in 1st quarter).
Anticipating 800M capital injection.
A promise to start dividend payouts in the short term.
With that in mind a net profit of at least 100M year end is not a tall order.
7 bob before year end itakuwa ngumu.
Other intresting facts from report;
Britam lent them 1 billion at 12.94%.
Sale of Rehani house by year end.
@DtheK these are facts. A declaration of KES 1 dividend will drive this thing through the NSE roof. Over 30% dividend yield! Imagine that Note, this will be a special dividend from Rehani House. At KES 7.00 I will consider selling. Meanwhile, in next 16 days we touch KES 4.. Watch and learn
KQ ABP 4.26
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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obiero wrote:obiero wrote:DtheK wrote:CEO's statement From the annual report;
Exiting real estate expected to release more cash.
(Clay City Apartments and Richland Pointe Apartments within the year).
Projection to reduce NPLs by 3.8 Billion this year(NPL ratio down to 20% in 1st quarter).
Anticipating 800M capital injection.
A promise to start dividend payouts in the short term.
With that in mind a net profit of at least 100M year end is not a tall order.
7 bob before year end itakuwa ngumu.
Other intresting facts from report;
Britam lent them 1 billion at 12.94%.
Sale of Rehani house by year end.
@DtheK these are facts. A declaration of KES 1 dividend will drive this thing through the NSE roof. Over 30% dividend yield! Imagine that Note, this will be a special dividend from Rehani House. At KES 7.00 I will consider selling. Meanwhile, in next 16 days we touch KES 4.. Watch and learn Has a buyer been found or is there one they are negotiating with. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:obiero wrote:DtheK wrote:CEO's statement From the annual report;
Exiting real estate expected to release more cash.
(Clay City Apartments and Richland Pointe Apartments within the year).
Projection to reduce NPLs by 3.8 Billion this year(NPL ratio down to 20% in 1st quarter).
Anticipating 800M capital injection.
A promise to start dividend payouts in the short term.
With that in mind a net profit of at least 100M year end is not a tall order.
7 bob before year end itakuwa ngumu.
Other intresting facts from report;
Britam lent them 1 billion at 12.94%.
Sale of Rehani house by year end.
@DtheK these are facts. A declaration of KES 1 dividend will drive this thing through the NSE roof. Over 30% dividend yield! Imagine that Note, this will be a special dividend from Rehani House. At KES 7.00 I will consider selling. Meanwhile, in next 16 days we touch KES 4.. Watch and learn Asset stripping. The evidence is right before your eyes. Life is short. Live passionately.
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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Ericsson wrote:obiero wrote:obiero wrote:DtheK wrote:CEO's statement From the annual report;
Exiting real estate expected to release more cash.
(Clay City Apartments and Richland Pointe Apartments within the year).
Projection to reduce NPLs by 3.8 Billion this year(NPL ratio down to 20% in 1st quarter).
Anticipating 800M capital injection.
A promise to start dividend payouts in the short term.
With that in mind a net profit of at least 100M year end is not a tall order.
7 bob before year end itakuwa ngumu.
Other intresting facts from report;
Britam lent them 1 billion at 12.94%.
Sale of Rehani house by year end.
@DtheK these are facts. A declaration of KES 1 dividend will drive this thing through the NSE roof. Over 30% dividend yield! Imagine that Note, this will be a special dividend from Rehani House. At KES 7.00 I will consider selling. Meanwhile, in next 16 days we touch KES 4.. Watch and learn Has a buyer been found or is there one they are negotiating with. That building is being demanded by all real estate realtors in Africa
KQ ABP 4.26
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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Ericsson wrote:obiero wrote:obiero wrote:DtheK wrote:CEO's statement From the annual report;
Exiting real estate expected to release more cash.
(Clay City Apartments and Richland Pointe Apartments within the year).
Projection to reduce NPLs by 3.8 Billion this year(NPL ratio down to 20% in 1st quarter).
Anticipating 800M capital injection.
A promise to start dividend payouts in the short term.
With that in mind a net profit of at least 100M year end is not a tall order.
7 bob before year end itakuwa ngumu.
Other intresting facts from report;
Britam lent them 1 billion at 12.94%.
Sale of Rehani house by year end.
@DtheK these are facts. A declaration of KES 1 dividend will drive this thing through the NSE roof. Over 30% dividend yield! Imagine that Note, this will be a special dividend from Rehani House. At KES 7.00 I will consider selling. Meanwhile, in next 16 days we touch KES 4.. Watch and learn Has a buyer been found or is there one they are negotiating with. That building is being demanded by all real estate realtors in Africa
KQ ABP 4.26
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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It's not too late to board. The bus is leaving. 8% increase of HFCK share price since June 3rd, which is eighth best on NSE tells a tale.. very few here have had 8% ROI since June 3rd!
KQ ABP 4.26
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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sparkly wrote:obiero wrote:obiero wrote:DtheK wrote:CEO's statement From the annual report;
Exiting real estate expected to release more cash.
(Clay City Apartments and Richland Pointe Apartments within the year).
Projection to reduce NPLs by 3.8 Billion this year(NPL ratio down to 20% in 1st quarter).
Anticipating 800M capital injection.
A promise to start dividend payouts in the short term.
With that in mind a net profit of at least 100M year end is not a tall order.
7 bob before year end itakuwa ngumu.
Other intresting facts from report;
Britam lent them 1 billion at 12.94%.
Sale of Rehani house by year end.
@DtheK these are facts. A declaration of KES 1 dividend will drive this thing through the NSE roof. Over 30% dividend yield! Imagine that Note, this will be a special dividend from Rehani House. At KES 7.00 I will consider selling. Meanwhile, in next 16 days we touch KES 4.. Watch and learn Asset stripping. The evidence is right before your eyes. KES 5.20 is a 52 week ceiling that will be broken by next week. Watch and learn 
KQ ABP 4.26
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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obiero wrote:sparkly wrote:obiero wrote:obiero wrote:DtheK wrote:CEO's statement From the annual report;
Exiting real estate expected to release more cash.
(Clay City Apartments and Richland Pointe Apartments within the year).
Projection to reduce NPLs by 3.8 Billion this year(NPL ratio down to 20% in 1st quarter).
Anticipating 800M capital injection.
A promise to start dividend payouts in the short term.
With that in mind a net profit of at least 100M year end is not a tall order.
7 bob before year end itakuwa ngumu.
Other intresting facts from report;
Britam lent them 1 billion at 12.94%.
Sale of Rehani house by year end.
@DtheK these are facts. A declaration of KES 1 dividend will drive this thing through the NSE roof. Over 30% dividend yield! Imagine that Note, this will be a special dividend from Rehani House. At KES 7.00 I will consider selling. Meanwhile, in next 16 days we touch KES 4.. Watch and learn Asset stripping. The evidence is right before your eyes. KES 5.20 is a 52 week ceiling that will be broken by next week. Watch and learn Well.. We are 8 days early. Today we sight KES 4 intrw day. By end of next week we will see KES 5.2. AT KES 7 I may exit depending on what the exchange bar whispers 
KQ ABP 4.26
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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@Obiero you said KQ would hit 20, then it ended up suspended. Life is short. Live passionately.
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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sparkly wrote:@Obiero you said KQ would hit 20, then it ended up suspended. It did hit KES 20: upon initial relisting. suspension isn't death
KQ ABP 4.26
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Housing Finance: HFCK a diamond in the rough
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