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Housing Finance: HFCK a diamond in the rough
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Cde Monomotapa
#521 Posted : Thursday, April 25, 2013 8:28:18 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
cnn wrote:
Cde Monomotapa wrote:
cnn wrote:
Cde Monomotapa wrote:
HF builds strong 2013 first quarter « Capital Business http://www.capitalfm.co....ong-2013-first-quarter/

mmmh.

In need of a FY'12 vs Q1'13 analysis. Over to @mwekezaji & Co.

That quarter one 2013 vs quarter four 2012 i can't wait to have a look at...loan book growth and NPLs.

Comparing that article to this one reveals Q1 was very dull. Well, Mr. Mkt will decide on the valuations - Housing Finance posts Kshs 907 million full year profit http://www.housing.co.ke...illion-full-year-profit
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obiero
#522 Posted : Thursday, April 25, 2013 9:28:15 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,283
Location: nairobi
the deal wrote:
obiero wrote:
KES 215m was the prediction and the exchange bar has not fallen short. though the drinks caused us to overlook the percentages.. a good performance by the diamond

Quarter one highlights:
Profit before tax increased 47 percent to Kshs 279 million up from Kshs 190 million.
Profit after tax up 46 percent to Kshs 195 million from Kshs 133 million.
Net loans and advances to customers increased 20 percent to Kshs 31.6 billion up from Kshs 26.4 billion.
Net interest income up 46 percent to Kshs 665.1 million, up from Kshs 456.3 million.
Customer deposits up 31 percent to Kshs 24.5 billion from Kshs 18.7 billion.
Gross NPL increased to Kshs 2.6 billion from Kshs 1.4 billion.
Earnings per share up 46 percent to Kshs 3.39 up from Kshs 2.32.


On loans and advances, the insiders were spot on! I have had to call one of the drinkmates for good work done. @mwekezaji. please analyse this thing ASAP..
COOP, IMH, KEGN, KQ, MTNU
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the deal
#523 Posted : Thursday, April 25, 2013 9:56:42 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
obiero wrote:
the deal wrote:
obiero wrote:
KES 215m was the prediction and the exchange bar has not fallen short. though the drinks caused us to overlook the percentages.. a good performance by the diamond

Quarter one highlights:
Profit before tax increased 47 percent to Kshs 279 million up from Kshs 190 million.
Profit after tax up 46 percent to Kshs 195 million from Kshs 133 million.
Net loans and advances to customers increased 20 percent to Kshs 31.6 billion up from Kshs 26.4 billion.
Net interest income up 46 percent to Kshs 665.1 million, up from Kshs 456.3 million.
Customer deposits up 31 percent to Kshs 24.5 billion from Kshs 18.7 billion.
Gross NPL increased to Kshs 2.6 billion from Kshs 1.4 billion.
Earnings per share up 46 percent to Kshs 3.39 up from Kshs 2.32.


On loans and advances, the insiders were spot on! I have had to call one of the drinkmates for good work done. @mwekezaji. please analyse this thing ASAP..

Why call someone who misled you? Look at that huge gap between your pals estimate & actual result...those are not insiders!!!!Laughing out loudly Laughing out loudly
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sparkly
#524 Posted : Thursday, April 25, 2013 10:22:30 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Very good value on this counter
Life is short. Live passionately.
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VituVingiSana
#525 Posted : Thursday, April 25, 2013 11:53:54 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,366
Location: Nairobi
Wow @obiero had it.

KES 215mn he said pre-tax but he might have misheard coz the PAT (Comprehensive Income is 216mn)
KES 31.5bn he said Loans & it came to KES 31.5mn

Exchange Bar is definitely the Exchange Bar!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Nabwire
#526 Posted : Friday, April 26, 2013 1:07:23 AM
Rank: Veteran

Joined: 7/22/2011
Posts: 1,325
Isnt that insider trading? One of the main reasons foreign money is reluctant to trade in Africa.
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hisah
#527 Posted : Friday, April 26, 2013 5:37:26 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Nabwire wrote:
Isnt that insider trading? One of the main reasons foreign money is reluctant to trade in Africa.

Which market doesn't have insider trading?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Cde Monomotapa
#528 Posted : Friday, April 26, 2013 5:41:04 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
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Nabwire
#529 Posted : Friday, April 26, 2013 7:09:36 AM
Rank: Veteran

Joined: 7/22/2011
Posts: 1,325
Wacha tu ninyamaze but I have never seen such overt display of insider trading, ama its not illegal in Kenya?
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Aguytrying
#530 Posted : Friday, April 26, 2013 8:28:38 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
What ze wonderful performance! This is only the beginning, we will most definitely cross the 1bn pbt mark this year.
With the stable environment and addition of the building society I expect growth next year over this year.
The fact that they will seek funds in fourth quarter maybe a rights issue gets me thinking how to strategies for more share, though by then the share may be in the 30"s with rights not far from current price .
The investor's chief problem - and even his worst enemy - is likely to be himself
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