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Housing Finance: HFCK a diamond in the rough
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Cde Monomotapa
#521 Posted : Thursday, April 25, 2013 8:28:18 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
cnn wrote:
Cde Monomotapa wrote:
cnn wrote:
Cde Monomotapa wrote:
HF builds strong 2013 first quarter « Capital Business http://www.capitalfm.co....ong-2013-first-quarter/

mmmh.

In need of a FY'12 vs Q1'13 analysis. Over to @mwekezaji & Co.

That quarter one 2013 vs quarter four 2012 i can't wait to have a look at...loan book growth and NPLs.

Comparing that article to this one reveals Q1 was very dull. Well, Mr. Mkt will decide on the valuations - Housing Finance posts Kshs 907 million full year profit http://www.housing.co.ke...illion-full-year-profit
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obiero
#522 Posted : Thursday, April 25, 2013 9:28:15 PM
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Joined: 6/23/2009
Posts: 13,484
Location: nairobi
the deal wrote:
obiero wrote:
KES 215m was the prediction and the exchange bar has not fallen short. though the drinks caused us to overlook the percentages.. a good performance by the diamond

Quarter one highlights:
Profit before tax increased 47 percent to Kshs 279 million up from Kshs 190 million.
Profit after tax up 46 percent to Kshs 195 million from Kshs 133 million.
Net loans and advances to customers increased 20 percent to Kshs 31.6 billion up from Kshs 26.4 billion.
Net interest income up 46 percent to Kshs 665.1 million, up from Kshs 456.3 million.
Customer deposits up 31 percent to Kshs 24.5 billion from Kshs 18.7 billion.
Gross NPL increased to Kshs 2.6 billion from Kshs 1.4 billion.
Earnings per share up 46 percent to Kshs 3.39 up from Kshs 2.32.


On loans and advances, the insiders were spot on! I have had to call one of the drinkmates for good work done. @mwekezaji. please analyse this thing ASAP..

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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the deal
#523 Posted : Thursday, April 25, 2013 9:56:42 PM
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Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
obiero wrote:
the deal wrote:
obiero wrote:
KES 215m was the prediction and the exchange bar has not fallen short. though the drinks caused us to overlook the percentages.. a good performance by the diamond

Quarter one highlights:
Profit before tax increased 47 percent to Kshs 279 million up from Kshs 190 million.
Profit after tax up 46 percent to Kshs 195 million from Kshs 133 million.
Net loans and advances to customers increased 20 percent to Kshs 31.6 billion up from Kshs 26.4 billion.
Net interest income up 46 percent to Kshs 665.1 million, up from Kshs 456.3 million.
Customer deposits up 31 percent to Kshs 24.5 billion from Kshs 18.7 billion.
Gross NPL increased to Kshs 2.6 billion from Kshs 1.4 billion.
Earnings per share up 46 percent to Kshs 3.39 up from Kshs 2.32.


On loans and advances, the insiders were spot on! I have had to call one of the drinkmates for good work done. @mwekezaji. please analyse this thing ASAP..

Why call someone who misled you? Look at that huge gap between your pals estimate & actual result...those are not insiders!!!!Laughing out loudly Laughing out loudly
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sparkly
#524 Posted : Thursday, April 25, 2013 10:22:30 PM
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Joined: 9/23/2009
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Location: Enk are Nyirobi
Very good value on this counter
Life is short. Live passionately.
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VituVingiSana
#525 Posted : Thursday, April 25, 2013 11:53:54 PM
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Joined: 1/3/2007
Posts: 18,077
Location: Nairobi
Wow @obiero had it.

KES 215mn he said pre-tax but he might have misheard coz the PAT (Comprehensive Income is 216mn)
KES 31.5bn he said Loans & it came to KES 31.5mn

Exchange Bar is definitely the Exchange Bar!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Nabwire
#526 Posted : Friday, April 26, 2013 1:07:23 AM
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Joined: 7/22/2011
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Isnt that insider trading? One of the main reasons foreign money is reluctant to trade in Africa.
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hisah
#527 Posted : Friday, April 26, 2013 5:37:26 AM
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Joined: 8/4/2010
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Nabwire wrote:
Isnt that insider trading? One of the main reasons foreign money is reluctant to trade in Africa.

Which market doesn't have insider trading?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Cde Monomotapa
#528 Posted : Friday, April 26, 2013 5:41:04 AM
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Nabwire
#529 Posted : Friday, April 26, 2013 7:09:36 AM
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Wacha tu ninyamaze but I have never seen such overt display of insider trading, ama its not illegal in Kenya?
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Aguytrying
#530 Posted : Friday, April 26, 2013 8:28:38 AM
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Joined: 7/11/2010
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What ze wonderful performance! This is only the beginning, we will most definitely cross the 1bn pbt mark this year.
With the stable environment and addition of the building society I expect growth next year over this year.
The fact that they will seek funds in fourth quarter maybe a rights issue gets me thinking how to strategies for more share, though by then the share may be in the 30"s with rights not far from current price .
The investor's chief problem - and even his worst enemy - is likely to be himself
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VituVingiSana
#531 Posted : Friday, April 26, 2013 8:35:46 AM
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Aguytrying wrote:
What ze wonderful performance! This is only the beginning, we will most definitely cross the 1bn pbt mark this year.
With the stable environment and addition of the building society I expect growth next year over this year.
The fact that they will seek funds in fourth quarter maybe a rights issue gets me thinking how to strategies for more share, though by then the share may be in the 30"s with rights not far from current price .
It might be another Corporate Bond not a Rights Issue. Equity Bank & Britam have a huge say in whether HFCK should go for a Rights Issue.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mlennyma
#532 Posted : Friday, April 26, 2013 8:42:50 AM
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Iam ready to sweep all rights and seek additional should they attempt a rights.enomous potential,house deficit wanting across kenya,before we even think regionally.
"Don't let the fear of losing be greater than the excitement of winning."
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guru267
#533 Posted : Friday, April 26, 2013 8:50:32 AM
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I expect FY 2013 PAT to cross 1billion!!..

This means EPS should surpass 4bob!
Mark 12:29
Deuteronomy 4:16
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mwanahisa
#534 Posted : Friday, April 26, 2013 9:41:20 AM
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Solid performance from the Housing Bank. This is certainly a bank with a future.
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wilyum
#535 Posted : Friday, April 26, 2013 9:46:49 AM
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so should we expect today to clock to 26?
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mwekez@ji
#536 Posted : Friday, April 26, 2013 9:51:20 AM
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Diamond out of the rough. Shine baby shine Angel
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Aguytrying
#537 Posted : Friday, April 26, 2013 9:52:15 AM
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Joined: 7/11/2010
Posts: 5,040
VituVingiSana wrote:
Aguytrying wrote:
What ze wonderful performance! This is only the beginning, we will most definitely cross the 1bn pbt mark this year.
With the stable environment and addition of the building society I expect growth next year over this year.
The fact that they will seek funds in fourth quarter maybe a rights issue gets me thinking how to strategies for more share, though by then the share may be in the 30"s with rights not far from current price .
It might be another Corporate Bond not a Rights Issue. Equity Bank & Britam have a huge say in whether HFCK should go for a Rights Issue.


I hope its not a rights issue. But now that they have just recently done a bond a rights might not be far fetched.
The investor's chief problem - and even his worst enemy - is likely to be himself
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mwekez@ji
#538 Posted : Friday, April 26, 2013 9:55:04 AM
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mwanahisa
#539 Posted : Friday, April 26, 2013 9:55:27 AM
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wilyum wrote:
so should we expect today to clock to 26?

Not with the current bearishness in the market. I am a long term buyer (although I will lighten if it pops up) and I will be looking to buy at the pre-result levels 24 and below, once the buzz regarding the results is over!
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cnn
#540 Posted : Friday, April 26, 2013 10:12:09 AM
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Joined: 6/17/2009
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mwanahisa wrote:
wilyum wrote:
so should we expect today to clock to 26?

Not with the current bearishness in the market. I am a long term buyer (although I will lighten if it pops up) and I will be looking to buy at the pre-result levels 24 and below, once the buzz regarding the results is over!

26 taken.
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