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Comparatives returns between CFC stanbic, Coop and HF
heri
#1 Posted : Tuesday, September 03, 2013 11:39:39 AM
Rank: Member


Joined: 9/14/2011
Posts: 858
Location: nairobi
Hi

I have some shares in the 3 counters and would like to accumulate more in one of them

which one do you see giving highest returns in the next 12-24 months when i will need to liquidate and move the cash to real estate

i currently see HF giving highest returns considering its good dividends policy

my target prices in the next 12 months are as below and returns



CFC TP of sh 100 -return of 47%. Coop target price of sh 20-Return of 31%. HF target price of sh 35-return of 46%
bartum
#2 Posted : Tuesday, September 03, 2013 12:17:26 PM
Rank: Veteran


Joined: 8/11/2010
Posts: 1,011
Location: nairobi
cfc stanbic
mwekez@ji
#3 Posted : Tuesday, September 03, 2013 12:34:31 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
cfc stanbic
guru267
#4 Posted : Tuesday, September 03, 2013 1:33:41 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
HFCK...
Mark 12:29
Deuteronomy 4:16
the deal
#5 Posted : Tuesday, September 03, 2013 1:51:44 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Buy cfc Q3 PBT will be more than FY12.
obiero
#6 Posted : Tuesday, September 03, 2013 10:57:52 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,814
Location: nairobi
the deal wrote:
Buy cfc Q3 PBT will be more than FY12.

Cfc, coop and hf in order of preference..

COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 684,200 ABP 6.72; MTN 23,800 ABP 5.20
jerry
#7 Posted : Tuesday, September 03, 2013 11:52:47 PM
Rank: Elder


Joined: 9/29/2006
Posts: 2,570
Any1 who hasn't received last yr's HF dividends as well as this yr's 'interim'?
The opposite of courage is not cowardice, it's conformity.
Aguytrying
#8 Posted : Wednesday, September 04, 2013 2:14:07 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
jerry wrote:
Any1 who hasn't received last yr's HF dividends as well as this yr's 'interim'?


I haven't received the interim
The investor's chief problem - and even his worst enemy - is likely to be himself
Aguytrying
#9 Posted : Wednesday, September 04, 2013 2:55:01 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
jerry wrote:
Any1 who hasn't received last yr's HF dividends as well as this yr's 'interim'?

The investor's chief problem - and even his worst enemy - is likely to be himself
sparkly
#10 Posted : Thursday, September 05, 2013 11:59:29 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
heri wrote:
Hi

I have some shares in the 3 counters and would like to accumulate more in one of them

which one do you see giving highest returns in the next 12-24 months when i will need to liquidate and move the cash to real estate

i currently see HF giving highest returns considering its good dividends policy

my target prices in the next 12 months are as below and returns



CFC TP of sh 100 -return of 47%. Coop target price of sh 20-Return of 31%. HF target price of sh 35-return of 46%


These are good shares. If you are looking for the best investment maybe you should rephrase your question to "which one is likely to loose the least money?" In my opinion CFC is a wildcard given the lack of a Div history, volatile performance and the fact that it is still consolidating on restructuring.

Co-op's div returns are low. Its perfomance is highly dependent on the macro-economic factors like cost of deposits, interest rates.
HF has had a more reliable history of growth and div, longterm interest risk management initiatives and favorable valuation.

I would go for HF in the short term.
Life is short. Live passionately.
the deal
#11 Posted : Thursday, September 05, 2013 12:58:06 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
The problem with HF

1. Most of their income comes from lending...so when interest rates rise they get a hit i.e last year

2. The new land laws...bloody foreclosures will take forever now...

3. Competition...banks are pushing hard with morgages...

Overall I like the management...the MD is a go getter...he wont seat back...he will look for opportunities....

Now CFC...is like 50/50...interest: non interest revenes...show me another bank with such income streams?....thats a model that will ride any economic times...simple..when interest rates are low.. scale up interest income...when interest rates are high scale up non interest revenues....smile
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