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Housing Finance: HFCK a diamond in the rough
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FUNKY
#81 Posted : Monday, August 27, 2012 10:11:13 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
When BRITAK announced their half year results they had clearly stated they have disposed siginificant shareholding in both HFCK and Equity Bank and these step earned them around 1.2billion...this maybe one of the reason why there has always been a oversupply for HFCK and the share price has remained depressed.
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mwekez@ji
#82 Posted : Tuesday, August 28, 2012 9:31:44 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
FUNKY wrote:
When BRITAK announced their half year results they had clearly stated they have disposed siginificant shareholding in both HFCK and Equity Bank and these step earned them around 1.2billion...this maybe one of the reason why there has always been a oversupply for HFCK and the share price has remained depressed.


Liar Liar Liar Liar Liar Liar Liar Liar Liar Liar

britak selling HFCK - Shame on you Shame on you Shame on you Shame on you Shame on you Shame on you Shame on you Shame on you

We know Britak has been BUYING HFCK and selling Equity bank.

Britak holds a 10.64% (2010: 11.05%) stake in Equity Bank Limited and 20.88% (2010: 12.55%) in Housing Finance Britak 2011 annual report Britak annual report link
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mwekez@ji
#83 Posted : Tuesday, August 28, 2012 9:41:32 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
dave.kim wrote:
and remember equity n britak collectively own over 40% of HF and they continue to gather more shares. Mr Mwangi may still be eyeing majority stakeholder


Everyone wants more of HFCK. HFCK is a diamond in the rough.

As at 31 December 2010, Britak had a shareholding of 12.55% of HFCK. On 30 June 2011, Britak acquired an additional 8.33% of the share capital of HFCK for Shs 516,795,469 converting it into an associate with a shareholding of 20.88%.

Britak annual report page 89 Link
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mwekez@ji
#84 Posted : Tuesday, August 28, 2012 9:57:59 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
mwekez@ji wrote:
dave.kim wrote:
and remember equity n britak collectively own over 40% of HF and they continue to gather more shares. Mr Mwangi may still be eyeing majority stakeholder


Everyone wants more of HFCK. HFCK is a diamond in the rough.

As at 31 December 2010, Britak had a shareholding of 12.55% of HFCK. On 30 June 2011, Britak acquired an additional 8.33% of the share capital of HFCK for Shs 516,795,469 converting it into an associate with a shareholding of 20.88%.

Britak annual report page 89 Link


Notice the huge transactions that went through in H1 2011. For instance, check 3rd March, the counter moved 3,620,700 shares at a VWAP of KES 27.85 a share

.
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  | | Edit by user: Tuesday, August 28, 2012 9:59 AM | Reason: Not specified
Aguytrying
#85 Posted : Tuesday, August 28, 2012 3:03:10 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Looking at its momentum, the share is headed back to 15's. its hard for people who know its value to ignore it at these levels
The investor's chief problem - and even his worst enemy - is likely to be himself
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t-godd
#86 Posted : Wednesday, August 29, 2012 11:34:19 AM
Rank: New-farer

Joined: 8/14/2010
Posts: 28
Location: Limuru
Did these dividends come through for anyone? I haven't got my cheque yet.
L-TOWNS OWN SINCE '90
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Metasploit
#87 Posted : Wednesday, August 29, 2012 12:03:55 PM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
t-godd wrote:
Did these dividends come through for anyone? I haven't got my cheque yet.


yeah,
Received mine like a week ago

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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obiero
#88 Posted : Wednesday, August 29, 2012 9:18:39 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,309
Location: nairobi
already bought a crisp grey suit with the final dividend :) now waitin for the KES 0.70 interim to check in. mwenye macho haambiwi tazama..
COOP, IMH, KEGN, KQ, MTNU
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dave.kim
#89 Posted : Wednesday, August 29, 2012 9:47:00 PM
Rank: Member

Joined: 6/25/2010
Posts: 176
obiero wrote:
already bought a crisp grey suit with the final dividend :) now waitin for the KES 0.70 interim to check in. mwenye macho haambiwi tazama..

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
Rule No.1 is never lose money. Rule No.2 is never forget rule number one
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mwekez@ji
#90 Posted : Thursday, August 30, 2012 11:24:59 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Received and reinvested, here. Now waiting for the 2012 interim div to be paid in 2.5 weeks time smile
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