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HFCK fully year 2011 profits up 74 percent
Rank: Chief Joined: 5/31/2011 Posts: 5,121
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mwekez@ji wrote:ngapat wrote:Buy now @14 and at least book 5% dividend yield chap chap  That div yield is far less than the target of most wazuans And the book closure is 28th of June (4 months from now), and then they take another ___ months to pay the div. … Some needs to check the 182 day T Bill rate!!!
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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New Blog post: At a trailing PE of 5.1 and a Dividend yield of 8.6%, I rate Housing Finance BUY. The morgage lender is well capitalized to take advantage of future opportunities. Kenya suffers from a chronic Housing shortage due to the recent population boom. I expect the demand curve to shift downwards towards the lower end of the property market as the current tightening deters the uptake of expensive houses. Read more here http://contrarianinvesti...ear-earnings-my-analysis
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Yup either S.Sudan & or UG. Much better than shipping FX to the mid-east.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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GenghisCapitalLtd wrote:
Interesting thing to note is that Net NPLs was up +2.88% to 958Mn while Loan Loss Provision reduced from 238Mn in 2010 (a low interest regime) to 186Mn in 2011 (with interest rates as high as 25%). Granted HFCK is not a Bank parse thus explaining its interest rates not rising as high as the other commercial banks. It still doesn't make sense of a reduction of almost 52Mn in a year where interest rates are high.
I'm sure the regulatory bodies should be watching this carefully cz it doesn't make sense
@genghis read this www.businessdailyafrica....0/-/817qa6z/-/index.htmlFalling NPL's was the whole industry Mark 12:29
Deuteronomy 4:16
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Nice analysis @ the deal.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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FUNKY wrote:Nice analysis @ the deal. Yup...
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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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never understood this company but good for those who make money here ..
i hope equity will do good also
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Rank: Veteran Joined: 12/11/2006 Posts: 930
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This market is completely dead if it cant respond to such news “Invest in yourself. Your career is the engine of your wealth.”
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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I will buy more tomorrow. Look at todays volumes. The rally will be big here. Housing is a basic need. Every year there will be demand.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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the deal wrote:I will buy more tomorrow. Look at todays volumes. The rally will be big here. Housing is a basic need. Every year there will be demand. So buy KCB & taste S&L beacause they are going to crush HFCKs market share in no time.. Mark 12:29
Deuteronomy 4:16
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HFCK fully year 2011 profits up 74 percent
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