Wazua
»
Investor
»
Stocks
»
Housing Finance: HFCK a diamond in the rough
Rank: Member Joined: 9/11/2014 Posts: 228 Location: Nairobi
|
Pesa Nane wrote:obiero wrote:rwitre wrote:Pesa Nane wrote:The monkey (oops! my monkey) is still paying   Bought some Housing Finance stock at Sh 20 back then chasing dividend. Forced to sell at Sh 12 to stop bleeding.  Today's closing price of Sh 5.80 looks tempting. But PTSD will not let me board.  This one we watch from the sidelines. @rwitre @pesanane im soo tempted with the current price @Obiero join in. Misery loves company. And boy, we are MISERABLE in here. Chuckling at your refreshing honesty @pesanane. @Obiero?
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
|
iris wrote:Pesa Nane wrote:obiero wrote:rwitre wrote:Pesa Nane wrote:The monkey (oops! my monkey) is still paying Bought some Housing Finance stock at Sh 20 back then chasing dividend. Forced to sell at Sh 12 to stop bleeding. Today's closing price of Sh 5.80 looks tempting. But PTSD will not let me board. This one we watch from the sidelines. @rwitre @pesanane im soo tempted with the current price @Obiero join in. Misery loves company. And boy, we are MISERABLE in here. Chuckling at your refreshing honesty @pesanane. @Obiero? It's worth a gamble at the current price..
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
|
obiero wrote:iris wrote:Pesa Nane wrote:obiero wrote:rwitre wrote:Pesa Nane wrote:The monkey (oops! my monkey) is still paying Bought some Housing Finance stock at Sh 20 back then chasing dividend. Forced to sell at Sh 12 to stop bleeding. Today's closing price of Sh 5.80 looks tempting. But PTSD will not let me board. This one we watch from the sidelines. @rwitre @pesanane im soo tempted with the current price @Obiero join in. Misery loves company. And boy, we are MISERABLE in here. Chuckling at your refreshing honesty @pesanane. @Obiero? It's worth a gamble at the current price.. Share price at par with NBK. They are in the same situation as KPLC too Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
|
Ericsson wrote:obiero wrote:iris wrote:Pesa Nane wrote:obiero wrote:rwitre wrote:Pesa Nane wrote:The monkey (oops! my monkey) is still paying Bought some Housing Finance stock at Sh 20 back then chasing dividend. Forced to sell at Sh 12 to stop bleeding. Today's closing price of Sh 5.80 looks tempting. But PTSD will not let me board. This one we watch from the sidelines. @rwitre @pesanane im soo tempted with the current price @Obiero join in. Misery loves company. And boy, we are MISERABLE in here. Chuckling at your refreshing honesty @pesanane. @Obiero? It's worth a gamble at the current price.. Share price at par with NBK. They are in the same situation as KPLC too I will need to sight the Q3 results to make a final decision on this one.. Its too juicy at the current price, considering its dividend trend..
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
|
obiero wrote:Ericsson wrote:obiero wrote:iris wrote:Pesa Nane wrote:obiero wrote:rwitre wrote:Pesa Nane wrote:The monkey (oops! my monkey) is still paying Bought some Housing Finance stock at Sh 20 back then chasing dividend. Forced to sell at Sh 12 to stop bleeding. Today's closing price of Sh 5.80 looks tempting. But PTSD will not let me board. This one we watch from the sidelines. @rwitre @pesanane im soo tempted with the current price @Obiero join in. Misery loves company. And boy, we are MISERABLE in here. Chuckling at your refreshing honesty @pesanane. @Obiero? It's worth a gamble at the current price.. Share price at par with NBK. They are in the same situation as KPLC too I will need to sight the Q3 results to make a final decision on this one.. Its too juicy at the current price, considering its dividend trend.. Will they be able to pay a dividend this year going by the half year results Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
|
Ericsson wrote:obiero wrote:Ericsson wrote:obiero wrote:iris wrote:Pesa Nane wrote:obiero wrote:rwitre wrote:Pesa Nane wrote:The monkey (oops! my monkey) is still paying Bought some Housing Finance stock at Sh 20 back then chasing dividend. Forced to sell at Sh 12 to stop bleeding. Today's closing price of Sh 5.80 looks tempting. But PTSD will not let me board. This one we watch from the sidelines. @rwitre @pesanane im soo tempted with the current price @Obiero join in. Misery loves company. And boy, we are MISERABLE in here. Chuckling at your refreshing honesty @pesanane. @Obiero? It's worth a gamble at the current price.. Share price at par with NBK. They are in the same situation as KPLC too I will need to sight the Q3 results to make a final decision on this one.. Its too juicy at the current price, considering its dividend trend.. Will they be able to pay a dividend this year going by the half year results Q3 will reveal it all. Meanwhile the big boys have arrived as noted by today's volume 
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
|
All background research complete.. Just waiting for the Q3 in next few weeks before I reboard this bus.. https://www.thebalance.c...-of-bad-companies-357865
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Elder Joined: 12/7/2012 Posts: 11,908
|
[quote=obiero]All background research complete.. Just waiting for the Q3 in next few weeks before I reboard this bus.. https://www.thebalance.c...of-bad-companies-357865[/quote] Home Africa comes mind.  In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
|
Angelica _ann wrote:Home Africa comes mind. I'm buying at KES 3 or less.. The corporate bond payout plus the layoff costs damaged the year but 2019 will likely rebound
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
|
Gone and gone. Frank Ireri finished the company Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
|
Ericsson wrote:Gone and gone.
Frank Ireri finished the company I think he actually built the company. The rate cap is what has been the unraveling of HF Group
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
|
Ericsson wrote:Gone and gone.
Frank Ireri finished the company The fellow is on the board of FTGH
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
|
rwitre wrote:Ericsson wrote:Gone and gone.
Frank Ireri finished the company The fellow is on the board of FTGH Currently in USA receiving specialized treatment
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Veteran Joined: 9/18/2014 Posts: 1,127
|
HF hurtling towards the 2002 lows...joining the leading pack composed of kplc, NMG amongst others. Quote:Mortgage lender HF Group’s stock has fallen to a 15-yearlow at the NSE as the slide into losses weighs down on investor sentiment.
The stock closed at Sh4.76 on Tuesday, joining the list of firms such as Mumias and Uchumi that are trading below par value at the bourse. Its par value is Sh5, with 384.6 million issued shares.
This is the lowest the stock has fallen since January 2003, with the bank’s market capitalisation now standing at Sh1.83 billion, having gone down by more than half from Sh4 billion at the beginning of the year when the share was valued at Sh10.40. The main purpose of the stock market is to make fools of as many people as possible.
|
|
|
Rank: Veteran Joined: 7/1/2014 Posts: 903 Location: sky
|
https://www.businessdailyafrica.com/markets/marketnews/HF-cuts-prices-of-700-houses-by-a-third/3815534-5008922-r9nr7l/index.htmlThe tough economy saw Kenyans shun buying houses to concentrate on funding essential items such as purchase of food, catering for transport and paying school fees leaving them with a little to spare. The situation was worsened by introduction of interest rate caps that saw lenders freeze lending to individuals deemed risky as well as dump long-term lending. tough times for the diamond There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
|
Very tough times. I honestly don't know if they will recover soon
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
|
1.57m shares traded today represents the highest volume in about 5 years
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
|
There may be value for a mid-sized bank, looking to increase its book, buying HFCK but at a price that: - has a discount for the "good" Loan Book (Due Diligence) - has a discount for the collateral backing NPLs (Due Diligence) - has an allowance for restructuring the payroll - an allowance for re-training the staff - an allowance to install a new/updated banking system A sweetener to Britam (& other shareholders) may be a swap for shares rather than an outright purchase with clawbacks for any loans that are already provided for going to the "old" shareholders. The buyer needs a clean book/bank unless there is a massive discount to the current stated BV. I would like to see HF succeed even if as a part of another bank. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Elder Joined: 2/26/2012 Posts: 15,980
|
obiero wrote:1.57m shares traded today represents the highest volume in about 5 years Who bought? Foreigner or local? "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
.
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
|
murchr wrote:obiero wrote:1.57m shares traded today represents the highest volume in about 5 years Who bought? Foreigner or local? Whichever way, it was pre planned.. An arms length transaction
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Wazua
»
Investor
»
Stocks
»
Housing Finance: HFCK a diamond in the rough
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|