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Housing Finance: HFCK a diamond in the rough
Rank: Chief Joined: 1/3/2007 Posts: 18,134 Location: Nairobi
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Aguytrying wrote:Dear investors, In light of the scandals at Britam over the last one year, Is HFCK still safe as an investment. IF the father is dirty, can the child be clean?
Im undecided on the cleanliness of HFCK, especially given that britam has +40% shareholding now. But another part of me tells me there should be no problem HFCK comes under the CBK [its regulator] which is far more involved in the banks audits than the IRA. The CBK doesn't want banks to close down [see how its trying to stave off a collapse of Dubai Bank] so it would come in & force HFCK to clean up the books. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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VituVingiSana wrote:Aguytrying wrote:Dear investors, In light of the scandals at Britam over the last one year, Is HFCK still safe as an investment. IF the father is dirty, can the child be clean?
Im undecided on the cleanliness of HFCK, especially given that britam has +40% shareholding now. But another part of me tells me there should be no problem HFCK comes under the CBK [its regulator] which is far more involved in the banks audits than the IRA. The CBK doesn't want banks to close down [see how its trying to stave off a collapse of Dubai Bank] so it would come in & force HFCK to clean up the books. thanks The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Member Joined: 6/14/2010 Posts: 521 Location: Nairobi
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Rank: Member Joined: 8/17/2007 Posts: 294
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What became of the 700m court award against hf? They dint even confirm or deny it. Did they appeal?
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Rank: User Joined: 1/20/2014 Posts: 3,528
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The optimist wrote:Now at 27.25/- 26.75 printed, na bado!!! Will be most affected with this interest rate hikes among financial institutions!!! Direct HIT! Let us wait and see whether Ireri will think outside the mbox!!! Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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 Comparison between HFCK and HAFR on a 3yr timeframe vs NSE20. The verdict is very clear! Meaning if one had invested in HF in the 3yr time frame they'd still be in the green while the opposite for HAFR. If one had invested in NSE20 as index fund the HF investor would still be above that investor while the index investor would still be way above the HAFR investor. Verdict: Not only does HAFR fair badly vs HF but also against the index (NSE20). HAFR has been clobbered by the market even during the bullish period  And now both HF and HAFR face a CB that has decided to chop off liquidity from the market. What will happen to HAFR  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 3/26/2012 Posts: 830
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hisah wrote:Comparison between HFCK and HAFR on a 3yr timeframe vs NSE20. The verdict is very clear! Meaning if one had invested in HF in the 3yr time frame they'd still be in the green while the opposite for HAFR. If one had invested in NSE20 as index fund the HF investor would still be above that investor while the index investor would still be way above the HAFR investor. Verdict: Not only does HAFR fair badly vs HF but also against the index (NSE20). HAFR has been clobbered by the market even during the bullish period And now both HF and HAFR face a CB that has decided to chop off liquidity from the market. What will happen to HAFR Nice charts. I wonder what will happen with the 700 million case HFCK have. That is about a year's worth of profit in one claim. I guess that is the reason of the nosedive in the share. I will be a collector at below 18 because of the rights issue cash in the mix Link: http://www.businessdaily...8/-/qkt6hfz/-/index.htmlA 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: 7/11/2010 Posts: 5,040
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@mutaga. Don't disembark too early like last time. My collection range for this is 15-20. But it looks like we are almost there. Funny how hfck and Nic are both trading below rights price. @hisah. If your extreme sendiments come to fruition it my be lightning striking twice here at 14-15 The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Member Joined: 6/14/2010 Posts: 521 Location: Nairobi
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Wonders never cease to happen. Its like the share was jinxed by the rights! Just for the sake of it, what is the current PE after factoring in the rights.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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S.Mutaga III wrote:hisah wrote:Comparison between HFCK and HAFR on a 3yr timeframe vs NSE20. The verdict is very clear! Meaning if one had invested in HF in the 3yr time frame they'd still be in the green while the opposite for HAFR. If one had invested in NSE20 as index fund the HF investor would still be above that investor while the index investor would still be way above the HAFR investor. Verdict: Not only does HAFR fair badly vs HF but also against the index (NSE20). HAFR has been clobbered by the market even during the bullish period And now both HF and HAFR face a CB that has decided to chop off liquidity from the market. What will happen to HAFR Nice charts. I wonder what will happen with the 700 million case HFCK have. That is about a year's worth of profit in one claim. I guess that is the reason of the nosedive in the share. I will be a collector at below 18 because of the rights issue cash in the mix Link: http://www.businessdaily.../-/qkt6hfz/-/index.html
HF appealed. <<LINK>>Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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The optimist wrote:Wonders never cease to happen. Its like the share was jinxed by the rights!
Just for the sake of it, what is the current PE after factoring in the rights. Around 8.8 The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Member Joined: 8/17/2007 Posts: 294
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They have historically announced half year results today. Looks like things are not looking good.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Aguytrying wrote:The optimist wrote:Wonders never cease to happen. Its like the share was jinxed by the rights!
Just for the sake of it, what is the current PE after factoring in the rights. Around 8.8 Fair enough "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: 11/7/2007 Posts: 2,182
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Aguytrying wrote:The optimist wrote:Wonders never cease to happen. Its like the share was jinxed by the rights!
Just for the sake of it, what is the current PE after factoring in the rights. Around 8.8 What's the industry average? LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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kyt wrote:Aguytrying wrote:The optimist wrote:Wonders never cease to happen. Its like the share was jinxed by the rights!
Just for the sake of it, what is the current PE after factoring in the rights. Around 8.8 What's the industry average? source D&B Quote:P/Ex at 17.07.15 Closing D&B
BBK = 9.81
CFC = 7.37
DTB = 8.91
Equity = 9.72
HF = 5.68
KCB = 9.65
NBK = 5.84
NIC = 7.58
StanChart = 8.98
Co-op = 12.80 Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Pesa Nane wrote:kyt wrote:Aguytrying wrote:The optimist wrote:Wonders never cease to happen. Its like the share was jinxed by the rights!
Just for the sake of it, what is the current PE after factoring in the rights. Around 8.8 What's the industry average? source D&B Quote:P/Ex at 17.07.15 Closing D&B
BBK = 9.81
CFC = 7.37
DTB = 8.91
Equity = 9.72
HF = 5.68
KCB = 9.65
NBK = 5.84
NIC = 7.58
StanChart = 8.98
Co-op = 12.80 That pe for hfck has not factored in the new shares after the rights The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 6/23/2009 Posts: 13,568 Location: nairobi
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guru267 wrote:obiero wrote:King G wrote:jerry wrote:mwekez@ji wrote:mlennyma wrote:@aguy,guru,mweke@zaji and i,seem to have consumated their marriage with hfck..lets hope we live happily with this one wife. welcome me in your polyandrous hamlet! Is polyandry legal in Kenya? Tuko wengi full house was in love @ 16.5 & 19 ranges. @obiero almost scared me to exit but I stayed strong. smelling @30 coming soon! #keepthefaithandwait @KingG.. HFCK is not a bad stock, it is an average stock at current prices and thus its not too late to exit. Coop Bank is currently a steal with much greater promise of outsized returns. Never get too attached to a stock.. Thank me later Co op cheaper than HFCK?? #Madness
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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obiero wrote:guru267 wrote:obiero wrote:King G wrote:jerry wrote:mwekez@ji wrote:mlennyma wrote:@aguy,guru,mweke@zaji and i,seem to have consumated their marriage with hfck..lets hope we live happily with this one wife. welcome me in your polyandrous hamlet! Is polyandry legal in Kenya? Tuko wengi full house was in love @ 16.5 & 19 ranges. @obiero almost scared me to exit but I stayed strong. smelling @30 coming soon! #keepthefaithandwait @KingG.. HFCK is not a bad stock, it is an average stock at current prices and thus its not too late to exit. Coop Bank is currently a steal with much greater promise of outsized returns. Never get too attached to a stock.. Thank me later Co op cheaper than HFCK?? #Madness My friend we are in a bear, all bets are off. Hfck did rise above 30 to even 50. The current price is equivalent to 37.50 before the rights. And you recently purchased hfck above 30 this year don't make me pull up the thread I'm the new memory bank The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 6/23/2009 Posts: 13,568 Location: nairobi
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Aguytrying wrote:obiero wrote:guru267 wrote:obiero wrote:King G wrote:jerry wrote:mwekez@ji wrote:mlennyma wrote:@aguy,guru,mweke@zaji and i,seem to have consumated their marriage with hfck..lets hope we live happily with this one wife. welcome me in your polyandrous hamlet! Is polyandry legal in Kenya? Tuko wengi full house was in love @ 16.5 & 19 ranges. @obiero almost scared me to exit but I stayed strong. smelling @30 coming soon! #keepthefaithandwait @KingG.. HFCK is not a bad stock, it is an Yaverage stock at current prices and thus its not too late to exit. Coop Bank is 3urrently a steal with much greater promise of outsized returns. Never get too attached to a stock.. Thank me later Co op cheaper than HFCK?? #Madness My friend we are in a bear, all bets are off. Hfck did rise above 30 to even 50. The current price is equivalent to 37.50 before the rights. And you recently purchased hfck above 30 this year don't make me pull up the thread I'm the new memory bank haha. memory bank. indeed i bought, but only to test the waters.. the hfck court case shall be a determinant
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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@obiero. Don't worry this bear will help you exorcise KQ demons. Hfck we may even get at 18 and ride it up again to the 30's The investor's chief problem - and even his worst enemy - is likely to be himself
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