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2nd HFCK 7yr Bond
Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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Would you invest in this bond? I think 13% pa is pretty decent. What do you think?
BBI will solve it :)
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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2012 wrote:Would you invest in this bond? I think 13% pa is pretty decent. What do you think? Its good investment for you and for HF. Win Win 13% is above the current market yields therefore a gain for you and the 13% is a saving for HF vis a vis other sources of funds. Read on here LinkThe bond IM here Link
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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This will be taken in a flash. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Bond offer closes tomorrow
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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2012 wrote:Would you invest in this bond? I think 13% pa is pretty decent. What do you think? ...agreed HF is an ok company and the appettite for housing/mortgages is still far away from being satisfied,unless an unforseen issue like a major risk occurs risk of default is almost nil,they,l be able to meet their payment obligations in terms of coupon payment when due...all said and done i,d go for it,just wondering for a 7yr bond(even though corporate) aint the premium they,ve factored in huge?? possunt quia posse videntur
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Rank: Veteran Joined: 11/2/2006 Posts: 1,206 Location: Nairobi
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maka wrote:2012 wrote:Would you invest in this bond? I think 13% pa is pretty decent. What do you think? ...agreed HF is an ok company and the appettite for housing/mortgages is still far away from being satisfied,unless an unforseen issue like a major risk occurs risk of default is almost nil,they,l be able to meet their payment obligations in terms of coupon payment when due...all said and done i,d go for it,just wondering for a 7yr bond(even though corporate) aint the premium they,ve factored in huge?? Fast forward to 2017. I see issues here in paying back the principal. Formally employed people often live their employers' dream & forget about their own.
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Rank: Chief Joined: 1/3/2007 Posts: 18,120 Location: Nairobi
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bird_man wrote:maka wrote:2012 wrote:Would you invest in this bond? I think 13% pa is pretty decent. What do you think? ...agreed HF is an ok company and the appettite for housing/mortgages is still far away from being satisfied,unless an unforseen issue like a major risk occurs risk of default is almost nil,they,l be able to meet their payment obligations in terms of coupon payment when due...all said and done i,d go for it,just wondering for a 7yr bond(even though corporate) aint the premium they,ve factored in huge?? Fast forward to 2017. I see issues here in paying back the principal. HFCK needs a sponsor. Will it be Britam or another entity? A Rights Issue may be the answer if Britam [I don't see most other investors buying significant Rights] can come up with the cash. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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bird_man wrote:maka wrote:2012 wrote:Would you invest in this bond? I think 13% pa is pretty decent. What do you think? ...agreed HF is an ok company and the appettite for housing/mortgages is still far away from being satisfied,unless an unforseen issue like a major risk occurs risk of default is almost nil,they,l be able to meet their payment obligations in terms of coupon payment when due...all said and done i,d go for it,just wondering for a 7yr bond(even though corporate) aint the premium they,ve factored in huge?? Fast forward to 2017. I see issues here in paying back the principal. Mmmmhhhh...As long as kuna GOK bonds I will never buy a corporate bond at the NSE.Hapa ukora tu... possunt quia posse videntur
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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maka wrote:bird_man wrote:maka wrote:2012 wrote:Would you invest in this bond? I think 13% pa is pretty decent. What do you think? ...agreed HF is an ok company and the appettite for housing/mortgages is still far away from being satisfied,unless an unforseen issue like a major risk occurs risk of default is almost nil,they,l be able to meet their payment obligations in terms of coupon payment when due...all said and done i,d go for it,just wondering for a 7yr bond(even though corporate) aint the premium they,ve factored in huge?? Fast forward to 2017. I see issues here in paying back the principal. Mmmmhhhh...As long as kuna GOK bonds I will never buy a corporate bond at the NSE.Hapa ukora tu... If am not wrong Chase bank bond investors have not been getting their coupons... possunt quia posse videntur
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Rank: Chief Joined: 1/3/2007 Posts: 18,120 Location: Nairobi
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maka wrote:bird_man wrote:maka wrote:2012 wrote:Would you invest in this bond? I think 13% pa is pretty decent. What do you think? ...agreed HF is an ok company and the appettite for housing/mortgages is still far away from being satisfied,unless an unforseen issue like a major risk occurs risk of default is almost nil,they,l be able to meet their payment obligations in terms of coupon payment when due...all said and done i,d go for it,just wondering for a 7yr bond(even though corporate) aint the premium they,ve factored in huge?? Fast forward to 2017. I see issues here in paying back the principal. Mmmmhhhh...As long as kuna GOK bonds I will never buy a corporate bond at the NSE.Hapa ukora tu... Not all Corporate Bond issuers are crooks BUT why buy a CB unless the AFTER-TAX return covers the additional risk? GoK is issuing a 12-year, 12.5% tax-free IFB. A corporate issuer has to compete with that. Not easy so they prefer bank loans. GoK is crowding out the private sector. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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maka wrote:maka wrote:bird_man wrote:maka wrote:2012 wrote:Would you invest in this bond? I think 13% pa is pretty decent. What do you think? ...agreed HF is an ok company and the appettite for housing/mortgages is still far away from being satisfied,unless an unforseen issue like a major risk occurs risk of default is almost nil,they,l be able to meet their payment obligations in terms of coupon payment when due...all said and done i,d go for it,just wondering for a 7yr bond(even though corporate) aint the premium they,ve factored in huge?? Fast forward to 2017. I see issues here in paying back the principal. Mmmmhhhh...As long as kuna GOK bonds I will never buy a corporate bond at the NSE.Hapa ukora tu... If am not wrong Chase bank bond investors have not been getting their coupons... @maka do observe caution when uttering stuff of that nature.Especially when already cautioned someone may go without their take home. Kumbuka watu wanajitayarisha kupeleke project campus.  ,Behold, a sower went forth to sow;....
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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VituVingiSana wrote:bird_man wrote:maka wrote:2012 wrote:Would you invest in this bond? I think 13% pa is pretty decent. What do you think? ...agreed HF is an ok company and the appettite for housing/mortgages is still far away from being satisfied,unless an unforseen issue like a major risk occurs risk of default is almost nil,they,l be able to meet their payment obligations in terms of coupon payment when due...all said and done i,d go for it,just wondering for a 7yr bond(even though corporate) aint the premium they,ve factored in huge?? Fast forward to 2017. I see issues here in paying back the principal. HFCK needs a sponsor. Will it be Britam or another entity? A Rights Issue may be the answer if Britam [I don't see most other investors buying significant Rights] can come up with the cash. Britam was bailed out by IFC on 31 December 2016. Bandia firms Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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