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Housing Finance: HFCK a diamond in the rough
Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Mr Market has beaten this counter despite what the fundies say... As for the cartoon, the momentum is downwards and the price leakage will continue for a while. Discount galore getting even better   $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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This is a diamond. #Diamond #Diamond #Diamond
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Rank: Veteran Joined: 11/11/2006 Posts: 972 Location: Home
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I guess HFCK is paying for its past "sins" It was priced more than KCB back in 2007 with a PE of 35. Below is a link. http://www.keepandshare.com/doc...ek-37-2007-xls-173k?da=y
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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holycow, after looking at that spreadsheet, I am now salivating in anticipation of the time the market will have such high P.E's again. Even agriculturals had double digit P.E's... GOD BLESS YOUR LIFE
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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@holycow, today, HFCK is one great discount. Check todays spreadsheet ... and that index, 5560.23, is really nostalgic
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Rank: Member Joined: 3/26/2012 Posts: 830
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Maybe hfck was a diamond but no longer is.I still cant fathom why it has ignored the bull market.There must be something we dont know...it has taken too long to rise...i wont touch this counter again...i guess the shares i have bought are enough coz am sure something is fishy and you guys are too blind to see.There is always a reason for everything. A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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the deal wrote:Britak now known as Britam has been buying this stock like nothing, they now own about 21.3% of the firm compared to around 12.5% in 2010. CBK prudentially restricts ownership of a bank to a maximum of 25% to any one person. Britak will most likely accumulate to that level. #Equity Bank currently holds 24.85% of HFCK. #Litle float being left
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Rank: Member Joined: 3/26/2012 Posts: 830
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Little float of just over 50% of total shares assuming all the other investors are wanjiku and atieno,should translate to a rally...which isnt happening...britak said it was offloading some investments in the stock market...maybe its doing the opposite,it is selling,hence price remains low. A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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S.Mutaga III wrote:Little float of just over 50% of total shares assuming all the other investors are wanjiku and atieno,should translate to a rally...which isnt happening...britak said it was offloading some investments in the stock market...maybe its doing the opposite,it is selling,hence price remains low. @S.Mutaga, check the latest annual report and notice Britak entry into HFCK. Britak has exposure on other counters where it is reducing stake but in HFCK, its increasing. On float, note GOK and NSSF hold 10.48% of HFCK. Also the anonymous No. 3 shareholder with 8.14% is staying put. #Work out the float now #also check daily turnover .
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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To juice it, Britak has adapted HFCK as its associate by acquiring the additional stake which it had to pay an arm and a leg to attract the large investors who know the value of HFCK #cKES.27 in 2011 #Check Britak 2011 annual report # Synergy_Synergy
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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@mwekezaji. Let the doubters doubt. The below 14.50 is appetizing The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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mwekezaji, so The 2 Brothers (Equity and Britak) now own 45 percent of the company. I just wonder if they have any sort of particular plan for it. Could it be that they still ''are not in HF for the dividends"?. Remember the boardroom coup they initiated when the chairman was not cooperating. So Britak essentially paid twice the current market value of HF. GOD BLESS YOUR LIFE
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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PKoli wrote:Aguytrying wrote:I want this stock in my portfolio, I can almost taste it! @Aguy..I will follow you on this Its hard to ignore The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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youcan'tstopusnow wrote:mwekezaji, so The 2 Brothers (Equity and Britak) now own 45 percent of the company. I just wonder if they have any sort of particular plan for it. Could it be that they still ''are not in HF for the dividends"?. Remember the boardroom coup they initiated when the chairman was not cooperating.
So Britak essentially paid twice the current market value of HF.
Indeed, It goes that the 2 brothers are not in HF for the dividends. There are in it for MORE and SYNERGY is the word here I long to hear these 2 brothers giving us more details on this association.
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Rank: Member Joined: 3/26/2012 Posts: 830
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I bought a good chunk at 13bob but am begining to think it is a value trap for investors.Considering that most banks are now offering morgages,the company my be awaiting some serious competition even from the private sector.Maybe it will not be a going concern in the next five years unless they diversify to other services. A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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S.Mutaga III wrote:I bought a good chunk at 13bob but am begining to think it is a value trap for investors.Considering that most banks are now offering morgages,the company my be awaiting some serious competition even from the private sector.Maybe it will not be a going concern in the next five years unless they diversify to other services. wacha uoga! Life is short. Live passionately.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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S.Mutaga III wrote:am begining to think it is a value trap for investors.Considering that most banks are now offering morgages,the company my be awaiting some serious competition even from the private sector. I do not think it is a value trap but I do think S&L will steal market share from HFCK! Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Mortgage firm Housing Finance has cut its lending rate by five percentage points in the race to growing its loan book through affordable credit. The mortgage lender said it had cut its lending rate to 18 per cent from 23 per cent in what is linked to CBK’s monetary easing stance that has seen the Central Bank Rate drop by five percentage points to 13 per cent in about two months. http://www.businessdaily...4/-/uotnai/-/index.html
GOD BLESS YOUR LIFE
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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The fruits of monetary easing are here. Time for the business to grow
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Supply at 14.00. No one should in the future say " i wonder when i should have bought" Now is the time The investor's chief problem - and even his worst enemy - is likely to be himself
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Housing Finance: HFCK a diamond in the rough
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