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Home Afrika Listing at NSE!
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Home Afrika drops Kisumu, Kwale projects on cash hitch https://www.businessdail...43920-2h059kz/index.htmlGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Breaks record by trading @60 cents a share Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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[quote=VituVingiSana]Home Afrika drops Kisumu, Kwale projects on cash hitch https://www.businessdail...3920-2h059kz/index.html[/quote] I raised this issue on post #1288. Looks like the people at BDA get their news from Wazua. Life is short. Live passionately.
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Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
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I'm shocked at how this company continues to exist
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: 12/4/2009 Posts: 10,684 Location: NAIROBI
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obiero wrote:I'm shocked at how this company continues to exist The company was too ambitious,now paying for its miscalculations Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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obiero wrote:I'm shocked at how this company continues to exist Wewe hupendi HAFR hata kidogo 
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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rwitre wrote:obiero wrote:I'm shocked at how this company continues to exist Wewe hupendi HAFR hata kidogo Achana na @Obiero. He has the habit of transfering his KQ frustrations to all other stocks  Management is on course in concentrating on the main projects, liquidating raw land for liquidity. I will be happy if they sell aggressively to convert inventories and forget external financing for the time being. Quote:
@xxxxx looking at HAL financials, the problem is one of liquidity. They are spending too much money in admin but not putting enough into completing projects.
IMO the liquidity issue can be sorted out by more aggressive selling of their projects and investing more of funds raised into completing projects underway.
In short they should work harder at converting inventories into cash rather than getting loans and bonds from financiers.
Life is short. Live passionately.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Chinese investor Zeyun Yang, the developer of the Great Wall apartments in Machakos County, has become the single largest shareholder in Home Afrika. https://www.businessdail...asAMP-f5210pz/index.htmlLife is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Good news for HAFR if Yang can complete and sell some of the developments for HAFR! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
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VituVingiSana wrote: Good news for HAFR if Yang can complete and sell some of the developments for HAFR! Definitely good news for HAFR
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: 12/7/2012 Posts: 11,908
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obiero wrote:VituVingiSana wrote: Good news for HAFR if Yang can complete and sell some of the developments for HAFR! Definitely good news for HAFR We join the party now that the Chinese has done due diligence for "us" In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
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Angelica _ann wrote:obiero wrote:VituVingiSana wrote: Good news for HAFR if Yang can complete and sell some of the developments for HAFR! Definitely good news for HAFR We join the party now that the Chinese has done due diligence for "us" Do not be simplistic.. This is a major boost for the monkey. It has received possibility of endless supply of bananas. We must celebrate for the monkey, but I still wouldn't touch, since the company has been collecting funds with no delivery of units hence a deep black hole may have formed which could lead to reputational damage, that will sweep away even the China man. Remember Shelter Afrique
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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obiero wrote:Angelica _ann wrote:obiero wrote:VituVingiSana wrote: Good news for HAFR if Yang can complete and sell some of the developments for HAFR! Definitely good news for HAFR We join the party now that the Chinese has done due diligence for "us" Do not be simplistic.. This is a major boost for the monkey. It has received possibility of endless supply of bananas. We must celebrate for the monkey, but I still wouldn't touch, since the company has been collecting funds with no delivery of units hence a deep black hole may have formed which could lead to reputational damage, that will sweep away even the China man. Remember Shelter Afrique True. Similar to what happened to banks in KQLC. The smart one was Jamii Bora which negotiated a repayment plan. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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VituVingiSana wrote:obiero wrote:Angelica _ann wrote:obiero wrote:VituVingiSana wrote: Good news for HAFR if Yang can complete and sell some of the developments for HAFR! Definitely good news for HAFR We join the party now that the Chinese has done due diligence for "us" Do not be simplistic.. This is a major boost for the monkey. It has received possibility of endless supply of bananas. We must celebrate for the monkey, but I still wouldn't touch, since the company has been collecting funds with no delivery of units hence a deep black hole may have formed which could lead to reputational damage, that will sweep away even the China man. Remember Shelter Afrique True. Similar to what happened to banks in KQLC. The smart one was Jamii Bora which negotiated a repayment plan. so the guy has been accumulating the tu-shares polepole... African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
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VituVingiSana wrote:obiero wrote:Angelica _ann wrote:obiero wrote:VituVingiSana wrote: Good news for HAFR if Yang can complete and sell some of the developments for HAFR! Definitely good news for HAFR We join the party now that the Chinese has done due diligence for "us" Do not be simplistic.. This is a major boost for the monkey. It has received possibility of endless supply of bananas. We must celebrate for the monkey, but I still wouldn't touch, since the company has been collecting funds with no delivery of units hence a deep black hole may have formed which could lead to reputational damage, that will sweep away even the China man. Remember Shelter Afrique True. Similar to what happened to banks in KQLC. The smart one was Jamii Bora which negotiated a repayment plan. JBB is collapsing, with shortsightedness in accepting a quick deal. But we digress
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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obiero wrote:VituVingiSana wrote:obiero wrote:Angelica _ann wrote:obiero wrote:VituVingiSana wrote: Good news for HAFR if Yang can complete and sell some of the developments for HAFR! Definitely good news for HAFR We join the party now that the Chinese has done due diligence for "us" Do not be simplistic.. This is a major boost for the monkey. It has received possibility of endless supply of bananas. We must celebrate for the monkey, but I still wouldn't touch, since the company has been collecting funds with no delivery of units hence a deep black hole may have formed which could lead to reputational damage, that will sweep away even the China man. Remember Shelter Afrique True. Similar to what happened to banks in KQLC. The smart one was Jamii Bora which negotiated a repayment plan. JBB is collapsing, with shortsightedness in accepting a quick deal. But we digress I wish Equity and I&M had chosen the cash option lakini that wasn't even an option offered to them. JM did squeeze a better deal (for all banks) when he refused to accept the initial debt conversion proposal. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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If HAFR does really have the land they claim to have then Yang could make a play for HAFR. Of course, it might be easier to buy a clean title than deal with lawsuits, disgruntled employees and funny JVs at HAFR. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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VituVingiSana wrote:If HAFR does really have the land they claim to have then Yang could make a play for HAFR.
Of course, it might be easier to buy a clean title than deal with lawsuits, disgruntled employees and funny JVs at HAFR. The most likely route is to form a SPV for each of the projects/land agree on revenue sharing. Build houses,sell then share the profits based on the agreement. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Ericsson wrote:VituVingiSana wrote:If HAFR does really have the land they claim to have then Yang could make a play for HAFR.
Of course, it might be easier to buy a clean title than deal with lawsuits, disgruntled employees and funny JVs at HAFR. The most likely route is to form a SPV for each of the projects/land agree on revenue sharing. Build houses,sell then share the profits based on the agreement. No need to be a significant shareholder to do so. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:If HAFR does really have the land they claim to have then Yang could make a play for HAFR.
Of course, it might be easier to buy a clean title than deal with lawsuits, disgruntled employees and funny JVs at HAFR. The most likely route is to form a SPV for each of the projects/land agree on revenue sharing. Build houses,sell then share the profits based on the agreement. No need to be a significant shareholder to do so. Need to so as to have a major say and first priority in opportunities that will come. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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