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Housing Finance: HFCK a diamond in the rough
Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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HF Group posted a 240% surge in profit before tax to Kes 200 million for the first half of 2023, from a profit of Kes 59 million in a similar period in 2022. This marked improvement is attributed to an aggressive business transformation strategy
KQ ABP 4.26
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Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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obiero wrote:HF Group posted a 240% surge in profit before tax to Kes 200 million for the first half of 2023, from a profit of Kes 59 million in a similar period in 2022. This marked improvement is attributed to an aggressive business transformation strategy Dividend for FY23? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 6/2/2010 Posts: 1,089
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obiero wrote:HF Group posted a 240% surge in profit before tax to Kes 200 million for the first half of 2023, from a profit of Kes 59 million in a similar period in 2022. This marked improvement is attributed to an aggressive business transformation strategy Check the understatement of the bad loans provisions (despite the bad loan book). If this was adequately provided for, HFCK would book a loss.
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Rank: Elder Joined: 7/22/2009 Posts: 7,836
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VituVingiSana wrote:obiero wrote:HF Group posted a 240% surge in profit before tax to Kes 200 million for the first half of 2023, from a profit of Kes 59 million in a similar period in 2022. This marked improvement is attributed to an aggressive business transformation strategy Dividend for FY23? After 5 years of losses??? Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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MaichBlack wrote:VituVingiSana wrote:obiero wrote:HF Group posted a 240% surge in profit before tax to Kes 200 million for the first half of 2023, from a profit of Kes 59 million in a similar period in 2022. This marked improvement is attributed to an aggressive business transformation strategy Dividend for FY23? After 5 years of losses??? Wacha @Obiero ajibu!  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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VituVingiSana wrote:MaichBlack wrote:VituVingiSana wrote:obiero wrote:HF Group posted a 240% surge in profit before tax to Kes 200 million for the first half of 2023, from a profit of Kes 59 million in a similar period in 2022. This marked improvement is attributed to an aggressive business transformation strategy Dividend for FY23? After 5 years of losses??? Wacha @Obiero ajibu! KES 0.35 DPS is possible. Meanwhile the share price will continue to rise. KES 7 is inevitable
KQ ABP 4.26
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Rank: Elder Joined: 7/22/2009 Posts: 7,836
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obiero wrote:VituVingiSana wrote:MaichBlack wrote:VituVingiSana wrote:obiero wrote:HF Group posted a 240% surge in profit before tax to Kes 200 million for the first half of 2023, from a profit of Kes 59 million in a similar period in 2022. This marked improvement is attributed to an aggressive business transformation strategy Dividend for FY23? After 5 years of losses??? Wacha @Obiero ajibu! KES 0.35 DPS is possible. Meanwhile the share price will continue to rise. KES 7 is inevitable By end of July 2023 (Obiero 2023). Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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obiero wrote:VituVingiSana wrote:MaichBlack wrote:VituVingiSana wrote:obiero wrote:HF Group posted a 240% surge in profit before tax to Kes 200 million for the first half of 2023, from a profit of Kes 59 million in a similar period in 2022. This marked improvement is attributed to an aggressive business transformation strategy Dividend for FY23? After 5 years of losses??? Wacha @Obiero ajibu! KES 0.35 DPS is possible. Meanwhile the share price will continue to rise. KES 7 is inevitable I have to say you called the price rise but if HF pays 35c for FY23... I will be impressed. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/22/2009 Posts: 7,836
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obiero wrote:next stop KES 7 by end of July 2023.. fair value KES 12  Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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MaichBlack wrote:obiero wrote:VituVingiSana wrote:MaichBlack wrote:VituVingiSana wrote:obiero wrote:HF Group posted a 240% surge in profit before tax to Kes 200 million for the first half of 2023, from a profit of Kes 59 million in a similar period in 2022. This marked improvement is attributed to an aggressive business transformation strategy Dividend for FY23? After 5 years of losses??? Wacha @Obiero ajibu! KES 0.35 DPS is possible. Meanwhile the share price will continue to rise. KES 7 is inevitable By end of July 2023 (Obiero 2023). A dream delayed is not a dream deferred. (Obiero 2023)
KQ ABP 4.26
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