Wazua
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HFCK HY2017
Rank: Elder Joined: 6/23/2009 Posts: 13,521 Location: nairobi
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Spikes wrote: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! Well well. @wazua knows @obiero sold off all his financial stock including HF. @obiero also called out the liquidity of HF on this very thread.. As for credibility, only the larger wazua can decide, noting that @obiero keeps his portfolio position open unlike others whose trades or portfolio positions remains a mystery
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 6/1/2017 Posts: 288
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And they keep borrowing from international lenders to plug holes in their finances but can barely stay afloat Contrarian Investor and Trader.Advocate of free markets,limited government interference in the economy and sound money
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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See us make money. The impasse at the land registry is recently sorted. See the numbers (at least the NPLs) at year end/HY. Pesa Nane plans to be shilingi when he grows up.
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Rank: Member Joined: 3/10/2009 Posts: 36
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slick wrote:And they keep borrowing from international lenders to plug holes in their finances but can barely stay afloat If they manage to borrow from international lenders, does it mean they are also misleading them too? Let us be objective here. We admit that they are also facing tough times as any other financial institution in Kenya. What they need look at urgently is the change of guard at the top to be able to bring in new ideas and focused management.
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Rank: Elder Joined: 6/23/2009 Posts: 13,521 Location: nairobi
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Pesa Nane wrote:See us make money. The impasse at the land registry is recently sorted. See the numbers (at least the NPLs) at year end/HY. All the best @pesanane.. Victory belongs to the brave
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 6/1/2017 Posts: 288
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Sir Jones wrote:slick wrote:And they keep borrowing from international lenders to plug holes in their finances but can barely stay afloat If they manage to borrow from international lenders, does it mean they are also misleading them too? Let us be objective here. We admit that they are also facing tough times as any other financial institution in Kenya. What they need look at urgently is the change of guard at the top to be able to bring in new ideas and focused management. Recall also Chase Bank was borrowing heavily from international lenders just before they went under.Remember they were awaiting a 5 billion injection just before going into receivership. Contrarian Investor and Trader.Advocate of free markets,limited government interference in the economy and sound money
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Rank: Member Joined: 10/6/2015 Posts: 249 Location: Nairobi
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obiero wrote:Pesa Nane wrote:See us make money. The impasse at the land registry is recently sorted. See the numbers (at least the NPLs) at year end/HY. All the best @pesanane.. Victory belongs to the brave Hii nimechomwa....jumped out at 27,then in again at 20 and boom,rate cap happened,well the rest is history  Never lose your position in a bull market,BTFD.
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Rank: Member Joined: 3/10/2009 Posts: 36
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slick wrote:Sir Jones wrote:slick wrote:And they keep borrowing from international lenders to plug holes in their finances but can barely stay afloat If they manage to borrow from international lenders, does it mean they are also misleading them too? Let us be objective here. We admit that they are also facing tough times as any other financial institution in Kenya. What they need look at urgently is the change of guard at the top to be able to bring in new ideas and focused management. Recall also Chase Bank was borrowing heavily from international lenders just before they went under.Remember they were awaiting a 5 billion injection just before going into receivership. As Pesa Nane puts, there is money to be made here for the brave ones. Once the market start's picking up & they manage to sell the available housing units thinges will change for this counter.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Sir Jones wrote:slick wrote:Sir Jones wrote:slick wrote:And they keep borrowing from international lenders to plug holes in their finances but can barely stay afloat If they manage to borrow from international lenders, does it mean they are also misleading them too? Let us be objective here. We admit that they are also facing tough times as any other financial institution in Kenya. What they need look at urgently is the change of guard at the top to be able to bring in new ideas and focused management. Recall also Chase Bank was borrowing heavily from international lenders just before they went under.Remember they were awaiting a 5 billion injection just before going into receivership. As Pesa Nane puts, there is money to be made here for the brave ones. Once the market start's picking up & they manage to sell the available housing units thinges will change for this counter. All of Komarock 5A and 5B is sold but the transfers (esp. 5A) had stalled. Completely stalled. 5C had an open day earlier this month. Those who attended can update on the uptake. I am also informed Phase 2 of 5C will break ground soon. 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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Pesa Nane- please allow me to comment on your optimism. You believe that the sale of Komarock will turn round the business so to speak. I did some extensive research on this. First of all the construction is mediocre. Leaking roofs, falling fittings and the kicker, flooded basements. Please visit the area when it is raining heavily. The prices are inflated given the location and the size of the units. Why you may ask? The subsidiary that does the construction has a huge amount of debt from the banking unit, see the balance sheets and this has exceeded CBKs cap resulting in external borrowing which is now limited. From insider sources and court documents that I reviewed, the contractor is the same contractor in most of the projects and receives unsecured lines from HFC for their very own construction! All this interest and of course side deals has forced the price to be higher than the market. The desperation is now being seen in their advertising, using Villa care for selling. Again this doesn’t make sense since they have their own real estate agency resulting in a cannibalizing structure. Finally, if you look at balance sheets of banks in other countries, lending to the real estate sector is done by special equity funds when margins are high. Why would you as a depositor be comfortable with a company which lends to this sector against other banks that lend short term secured facilities to commercial businesses that turn around the cash in a month.
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Rank: Elder Joined: 6/23/2009 Posts: 13,521 Location: nairobi
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grandie wrote:Pesa Nane- please allow me to comment on your optimism. You believe that the sale of Komarock will turn round the business so to speak. I did some extensive research on this. First of all the construction is mediocre. Leaking roofs, falling fittings and the kicker, flooded basements. Please visit the area when it is raining heavily. The prices are inflated given the location and the size of the units. Why you may ask? The subsidiary that does the construction has a huge amount of debt from the banking unit, see the balance sheets and this has exceeded CBKs cap resulting in external borrowing which is now limited. From insider sources and court documents that I reviewed, the contractor is the same contractor in most of the projects and receives unsecured lines from HFC for their very own construction! All this interest and of course side deals has forced the price to be higher than the market. The desperation is now being seen in their advertising, using Villa care for selling. Again this doesn’t make sense since they have their own real estate agency resulting in a cannibalizing structure. Finally, if you look at balance sheets of banks in other countries, lending to the real estate sector is done by special equity funds when margins are high. Why would you as a depositor be comfortable with a company which lends to this sector against other banks that lend short term secured facilities to commercial businesses that turn around the cash in a month. @grandie is equal to Isika the jilted employee
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:grandie wrote:Pesa Nane- please allow me to comment on your optimism. You believe that the sale of Komarock will turn round the business so to speak. I did some extensive research on this. First of all the construction is mediocre. Leaking roofs, falling fittings and the kicker, flooded basements. Please visit the area when it is raining heavily. The prices are inflated given the location and the size of the units. Why you may ask? The subsidiary that does the construction has a huge amount of debt from the banking unit, see the balance sheets and this has exceeded CBKs cap resulting in external borrowing which is now limited. From insider sources and court documents that I reviewed, the contractor is the same contractor in most of the projects and receives unsecured lines from HFC for their very own construction! All this interest and of course side deals has forced the price to be higher than the market. The desperation is now being seen in their advertising, using Villa care for selling. Again this doesn’t make sense since they have their own real estate agency resulting in a cannibalizing structure. Finally, if you look at balance sheets of banks in other countries, lending to the real estate sector is done by special equity funds when margins are high. Why would you as a depositor be comfortable with a company which lends to this sector against other banks that lend short term secured facilities to commercial businesses that turn around the cash in a month. @grandie is equal to Isika the jilted employee @grandie is peeling back the mask at HFCK! Leave him alone for giving divergent critique and analysis. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 6/23/2009 Posts: 13,521 Location: nairobi
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Spikes wrote:obiero wrote:grandie wrote:Pesa Nane- please allow me to comment on your optimism. You believe that the sale of Komarock will turn round the business so to speak. I did some extensive research on this. First of all the construction is mediocre. Leaking roofs, falling fittings and the kicker, flooded basements. Please visit the area when it is raining heavily. The prices are inflated given the location and the size of the units. Why you may ask? The subsidiary that does the construction has a huge amount of debt from the banking unit, see the balance sheets and this has exceeded CBKs cap resulting in external borrowing which is now limited. From insider sources and court documents that I reviewed, the contractor is the same contractor in most of the projects and receives unsecured lines from HFC for their very own construction! All this interest and of course side deals has forced the price to be higher than the market. The desperation is now being seen in their advertising, using Villa care for selling. Again this doesn’t make sense since they have their own real estate agency resulting in a cannibalizing structure. Finally, if you look at balance sheets of banks in other countries, lending to the real estate sector is done by special equity funds when margins are high. Why would you as a depositor be comfortable with a company which lends to this sector against other banks that lend short term secured facilities to commercial businesses that turn around the cash in a month. @grandie is equal to Isika the jilted employee @grandie is peeling back the mask at HFCK! Leave him alone for giving divergent critique and analysis. Which mask? That's an emotional essay, with no single figure advanced.. Not the PBT, not the NPL, not the liquidity ratio, just mere ramblings of a jilted employee. HF has made people serious money at the NSE and it could rise again. I just chose not to wait, as KQ offers much faster and higher returns promise. Anyways, freedom of speech. Let @grandie give us his peni mbili which apparently states that commercial banks should not have an option for mortgage lending..
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: 5/25/2012 Posts: 4,105 Location: 08c
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grandie wrote:Pesa Nane- please allow me to comment on your optimism. You believe that the sale of Komarock will turn round the business so to speak. <Not the sale... Houses are fully sold!> I did some extensive research on this. First of all the construction is mediocre. <Don't know about that... BUT, the houses remain SOLD>, Leaking roofs <Don't know about that... BUT, the houses remain SOLD>, falling fittings, <Don't know about that... BUT, the houses remain SOLD> and the kicker, flooded basements <  The houses have basements??>. Please visit the area when it is raining heavily. The prices are inflated given the location and the size of the units. Why you may ask? The subsidiary that does the construction has a huge amount of debt from the banking unit, see the balance sheets and this has exceeded CBKs cap resulting in external borrowing which is now limited. From insider sources and court documents that I reviewed, the contractor is the same contractor in most of the projects and receives unsecured lines from HFC for their very own construction! All this interest and of course side deals has forced the price to be higher than the market. The desperation is now being seen in their advertising, using Villa care for selling. Again this doesn’t make sense since they have their own real estate agency resulting in a cannibalizing structure. Finally, if you look at balance sheets of banks in other countries, lending to the real estate sector is done by special equity funds when margins are high. Why would you as a depositor be comfortable with a company which lends to this sector against other banks that lend short term secured facilities to commercial businesses that turn around the cash in a month. 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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There they go again. The serial abusers of Wazua. Run everyone out of town if they do not tow the line. I called you out before and will do it again.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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grandie wrote:There they go again. The serial abusers of Wazua. Run everyone out of town if they do not tow the line. I called you out before and will do it again. Let me ask, did you buy HFCK? Are you under the water? With 6 posts, what gives you the credibility to call others abusers? "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 6/23/2009 Posts: 13,521 Location: nairobi
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murchr wrote:grandie wrote:There they go again. The serial abusers of Wazua. Run everyone out of town if they do not tow the line. I called you out before and will do it again. Let me ask, did you buy HFCK? Are you under the water? With 6 posts, what gives you the credibility to call others abusers? @murchr usijali. this is a qw reincarnate.. atachemka hapa siku chache kisha apotee. calling out people over what?? we don’t even known his portfolio.. smh
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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grandie wrote:There they go again. The serial abusers of Wazua. Run everyone out of town if they do not tow the line. I called you out before and will do it again. Be wary of the so called wazua elders Dumb money becomes dumb only when it listens to smart money
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Rank: Elder Joined: 6/23/2009 Posts: 13,521 Location: nairobi
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Fyatu wrote:grandie wrote:There they go again. The serial abusers of Wazua. Run everyone out of town if they do not tow the line. I called you out before and will do it again. Be wary of the so called wazua elders Offer to the wazua republic meaningful content upgrade better than the so called elders, rather than this childlike tantrum. We are busy studying the market, you are busy studying people. remember great minds discuss ideas while small ones discuss people
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:Fyatu wrote:grandie wrote:There they go again. The serial abusers of Wazua. Run everyone out of town if they do not tow the line. I called you out before and will do it again. Be wary of the so called wazua elders Offer to the wazua republic meaningful content upgrade better than the so called elders, rather than this childlike tantrum. We are busy studying the market, you are busy studying people. remember great minds discuss ideas while small ones discuss people So you must have moved to the lowest level of decency (small mind) to brand people clowns? John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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