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Housing Finance Co Q3?
ecstacy
#1 Posted : Tuesday, October 27, 2009 1:17:00 PM
Rank: Elder


Joined: 2/26/2008
Posts: 4,449
Who has an idea to the Q3 performance for HFCK?

BTW: This company price as at 26/10/2009 [yesterday] was Ksh. 14.35/=,up 5 cents from the previous days trading as correctly and officially put out on the NSE website
This is in response to the total misinformation in - http://www.stockskenya.c...?stk=1002&top=18458

The construction sector is truly on the upswing and one would be interested in seeing if HFCK will maintain momentum from its previous quarter results at a time when most sectors in the economy are performing poorly.
mv ufanisi
#2 Posted : Tuesday, October 27, 2009 2:47:00 PM
Rank: Member


Joined: 12/13/2006
Posts: 108
Why don't you just check Equity's results,there's a small fine print written share of associate's profits in their results.
Equity owns 25% of HFCK so multiply by 4 to know what to expect.

Right now it says 37 million by 4 = 148 million after tax and exceptional items.

So a profit growth of about 90% after tax over the period.
VituVingiSana
#3 Posted : Tuesday, October 27, 2009 5:05:00 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,099
Location: Nairobi
I thought Equity only owned 20% (and Britak 5%) which means... PBT is even better...

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
ecstacy
#4 Posted : Wednesday, October 28, 2009 8:07:00 AM
Rank: Elder


Joined: 2/26/2008
Posts: 4,449
reverse engineering? fresh technique. thank you.
ecstacy
#5 Posted : Thursday, November 05, 2009 4:12:00 PM
Rank: Elder


Joined: 2/26/2008
Posts: 4,449
for the new Pension Backed Mortgage Product with HF you can now assign up to 60% of your accrued retirement benefits to acquire the home of your dreams...interestingly joint applicants can combine incomes as well as their accrued pensions as guarantees to cover the loan amount. I think this product,the first of its own locally will do well going forward - http://www.housing.co.ke...om&subcat=mortprods I'd like to see what the other competitors will offer to match this.
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