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Housing Finance: HFCK a diamond in the rough
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Aguytrying
#301 Posted : Monday, October 29, 2012 12:20:54 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
when it is safely at 17.00 just know its unlikey to come back anytime soon. 1 yr is 16.50 shows how depressed this share has been. i think the roof for buying for a long termer should be 16.50. i loaded up with both feet now is to enjoy the ride.
The investor's chief problem - and even his worst enemy - is likely to be himself
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Aguytrying
#302 Posted : Monday, October 29, 2012 12:25:20 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
guru267 wrote:
S.Mutaga III wrote:
guru267 wrote:
I loaded up at 14.70bob now my portfolio is 100% financial services! smile Now we wait!!

only in kenya where it is safe to invest in financials 100%...


Oh happy day!! Laughing out loudly


it sure is. im glad i never thought twice at 14.25. we are passengers again in the same bus!
The investor's chief problem - and even his worst enemy - is likely to be himself
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obiero
#303 Posted : Monday, October 29, 2012 12:35:18 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,484
Location: nairobi
news just in. the bus has lost its brakes. now its full speed ahead!!! :)

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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mlennyma
#304 Posted : Monday, October 29, 2012 12:59:07 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,180
Location: nairobi
If q3 shows improvement,be ready for a tsunami and i think this guys decided to utilise all the oversuscribed bond given the potential in the counties housing
"Don't let the fear of losing be greater than the excitement of winning."
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ralp_mutu
#305 Posted : Monday, October 29, 2012 3:23:53 PM
Rank: Member


Joined: 3/26/2012
Posts: 232
Location: Nairobi
mwekez@ji wrote:
ralp_mutu wrote:
wilyum wrote:
na mbas imeondoka............


Woii!! So am i late. Pesa imepatikana!!


This Mbus will take us far. @wilyum @ralp_mutu, those who know the destination of this Mbus, also know that it’s still currently in entry zone


Nimeikimbiza hadi nikaingia. Now i can wait for end month
My folks told me that my very first word was 'billionaire'
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hisah
#306 Posted : Monday, October 29, 2012 3:45:36 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
PKoli wrote:
hisah wrote:
HFCK cartoon. So far the cartoon says it is a very poor performer - note the divergence between HFCK vs NSE20 on the 20 month chart. Very far from getting bullish. But I like the way it is under priced. The discount is very welcome smile



@hisah,

That is the beauty with this stock. It is extremely underprised; soon or later the market will reaalise this and give it a good kick upwards.

@mwekezaji the driver is pressing on the gas. My stage is 20/-
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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holycow
#307 Posted : Monday, October 29, 2012 4:04:00 PM
Rank: Veteran


Joined: 11/11/2006
Posts: 971
Location: Home
Housing Finance Q3 PAT drops 2.7% to KES396M from KES407M q/q; Total interest income up 52% to KES3.71B from KES2.44B

Q3 operating expenses down 4% to KES999M from KES1.03B; interest expenses up 123% to KES2.35B from KES1.05B

Q3 Deposits up 29% to KES24.01B from KES18.65B; loan book grows 26% to KES28.8B from KES22.9B

Q3 NPL up 26% to KES1.97B from KES1.57B;

Q3 bond proceeds to be used for onward lending, increase house supply, introduce part-fixed mortgages

Link = @oleturana on twitter.
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FUNKY
#308 Posted : Monday, October 29, 2012 5:22:32 PM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,635
And this is what we didn't want to hear!!
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King G
#309 Posted : Monday, October 29, 2012 5:36:33 PM
Rank: Elder


Joined: 6/20/2012
Posts: 3,855
Location: Othumo
For the long haul, those results are not bad. Actual it is the interest expense on borrowed funds - that will cool off sooner!
Thieves
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S.Mutaga III
#310 Posted : Monday, October 29, 2012 5:47:51 PM
Rank: Member


Joined: 3/26/2012
Posts: 830
This is good news to me. I will now get a chance to accumulate in price dips...2.7% is understandable
A successful man is not he who gets the best, it is he who makes the best from what he gets.
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sorovi
#311 Posted : Monday, October 29, 2012 6:02:24 PM
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Joined: 8/3/2007
Posts: 146
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mlennyma
#312 Posted : Monday, October 29, 2012 6:50:00 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,180
Location: nairobi
Iam set to sell all other counters for hfck should mr market interprete this negatively,as for me this good resilience despite the hard times.
"Don't let the fear of losing be greater than the excitement of winning."
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Aguytrying
#313 Posted : Monday, October 29, 2012 7:00:37 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
Its a been tough year, i expect flat-ish growth this year.
The investor's chief problem - and even his worst enemy - is likely to be himself
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youcan'tstopusnow
#314 Posted : Monday, October 29, 2012 7:38:28 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Aguytrying wrote:
Its a been tough year, i expect flat-ish growth this year.

They had projected 709m as PAT (14 percent up) as recently as September, ama? Q4 could see growth yet...
GOD BLESS YOUR LIFE
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Aguytrying
#315 Posted : Monday, October 29, 2012 8:02:17 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
youcan'tstopusnow wrote:
Aguytrying wrote:
Its a been tough year, i expect flat-ish growth this year.

They had projected 709m as PAT (14 percent up) as recently as September, ama? Q4 could see growth yet...


oh Yeah. in the note offer. lets just say i wont be disappointed by a flat-ish growth
The investor's chief problem - and even his worst enemy - is likely to be himself
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mwekez@ji
#316 Posted : Monday, October 29, 2012 8:34:35 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
Any luck on pdf copy of the results?
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Aguytrying
#317 Posted : Monday, October 29, 2012 9:28:55 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
mwekez@ji wrote:
Any luck on pdf copy of the results?


no luck so far
The investor's chief problem - and even his worst enemy - is likely to be himself
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mwekez@ji
#318 Posted : Monday, October 29, 2012 10:13:07 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
Aguytrying wrote:
mwekez@ji wrote:
Any luck on pdf copy of the results?


no luck so far


Ok. we await kesho
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mwekez@ji
#319 Posted : Monday, October 29, 2012 10:43:10 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
Aguytrying wrote:
youcan'tstopusnow wrote:
Aguytrying wrote:
Its a been tough year, i expect flat-ish growth this year.

They had projected 709m as PAT (14 percent up) as recently as September, ama? Q4 could see growth yet...


oh Yeah. in the note offer. lets just say i wont be disappointed by a flat-ish growth


Toughest year this. However, notable is that Q3 has delivered better q/q earning than the Q2 that dragged us alot. .... welcome Q4 that have always stood out
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the deal
#320 Posted : Monday, October 29, 2012 11:11:13 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
The perfomance is a mixed bag. Positives: Strongest Quarter in 2012, loan book growth (+5.8% q/q), double digit growth in deposits Negatives: NIM squeeze due to the high cost of funds, new land laws making loan recovery a long prcss & costly (+90 days b4 prcss starts). Overall morgage & property still growth arena. For FY 2012 a profit dip is inenvitable. I expect the mbus to grind to a hault until next year & onwards.
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