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Home Afrika Listing at NSE!
Rank: Elder Joined: 6/23/2009 Posts: 13,519 Location: nairobi
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guru267 wrote:Let this company first announce extra huge losses.... Let one of the housing projects first fail.... Let the management perform badly first..... After all of this then @obiero, @VVS and @dunkang will sound more reasonable in their hate speech! But to dismiss a company ONLY because the share price has fallen is amateur, naive, and plain incompetent  This bandia firm will actually post a 'profit' to stem the slide in share price. As for their projects, all are currently failed. Why not have one complete project before embarking on another grand fairytale..
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 10/8/2010 Posts: 446 Location: london
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rhyma wrote:am looking to still invest in the company now,that the share prices are at an all time low...! I bet e company has ft sme gas left to push it up again #optimist The problem started when management started off loading their shares at 6ksh. That showed there were some problem within the company.
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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guru267 wrote:Let this company first announce extra huge losses.... Let one of the housing projects first fail.... Let the management perform badly first..... After all of this then @obiero, @VVS and @dunkang will sound more reasonable in their hate speech! But to dismiss a company ONLY because the share price has fallen is amateur, naive, and plain incompetent Who has dismissed a company just because the share price has fallen? Olympia - The Board is rotten to the core. Between the senile Chairman and the crooked Deputy Chairman... little needs to be added. Rights at 14 back in 2008. Sameer/Eveready - I have said enough on this in other threads. Sameer aka Firestone had the IPO at 35.50 while Eveready's IPO was at 9.50 HAFR - Well, let's see what happens by 2017. The listing price was 12. I wish the NSE would allow shorting! @guru - Please continue buying HAFR but it would be unfair to encourage others to buy the shares when there are better options. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 8/30/2010 Posts: 183 Location: Migingo
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Rank: Member Joined: 8/14/2007 Posts: 111
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Falsified demand by desperate owners to avoid further drop . I pity those who bought @25 Even In The Most Severe Drought In The Jungle Lions Will Never Feed On Grass.
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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mypesa wrote:Falsified demand by desperate owners to avoid further drop . I pity those who bought @25 You will be flamed by some folks!   So ngow srow! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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For this play T4 is very important. CMA should reduce to T2
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Member Joined: 8/14/2007 Posts: 111
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VituVingiSana wrote:mypesa wrote:Falsified demand by desperate owners to avoid further drop . I pity those who bought @25 You will be flamed by some folks! So ngow srow! Running south again .. Even In The Most Severe Drought In The Jungle Lions Will Never Feed On Grass.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Looks like Home Afrika has scared the hell out of listings ---> Reading: Kenyan IT firm Seven Seas postpones IPO, initially set for 2013, to 2017 http://www.businessdailyafrica....2/-/136vfw2/-/index.html
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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If they price their shares resonably, then everyone will welcome it. But if they decide to get rich quickly, the spirit of HomeAfrika will befall them. Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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dunkang wrote:If they price their shares resonably, then everyone will welcome it. But if they decide to get rich quickly, the spirit of HomeAfrika will befall them. Thanks to HAFR for making GEMS a sensible market. There are some funny (pretender) counters at NSE that should be moved here to adjust to their true levels.
I like the fear in this market. When the fear turns to greed in future, I can see 1000% returns as the penny stocks rocket...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 6/23/2009 Posts: 13,519 Location: nairobi
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VituVingiSana wrote:obiero wrote:dunkang wrote:The pattern has been like this thus far!  a loss making firm is being hyped by the unschooled investors.. wenye wako hapa ndani uza!!! save the pride and sell!!! Name names  We were called naive and incompetent for calling a monkey a monkey, while others tried to make us believe its really a human being!!! The less I say about this bandia firm, the better. I called Home Afrika out as a bandia firm since listing and my insider information has for the upteenth time turned out right
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 3/20/2009 Posts: 348
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itz wrote:saw the CEO interviewed last month and his argument was that investors at NSE don't know how to value stocks for real estate companies like his hence it is undervalued. even looking at their website you wonder whether this guyz are serious because there is lack of information on stuff a potential client should easily get from a website.They have invested in good growth areas both in Nairobi and in other counties but they need to be more organized to boost investor confidence.The future of Kenya real estate development will favor big players and I believe they will be one of them. My previous statement was based on the CEO's interview here.looks like he was not being honest and the company wasn't either because it is them who had cooked the books and yet in this clip he was accusing investors of not being knowledgeable on how to value real estate company in the NSE. watch http://www.youtube.com/watch?v=sphZEVMVaz4
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Rank: Member Joined: 3/20/2009 Posts: 348
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obiero wrote:VituVingiSana wrote:obiero wrote:dunkang wrote:The pattern has been like this thus far! a loss making firm is being hyped by the unschooled investors.. wenye wako hapa ndani uza!!! save the pride and sell!!! Name names We were called naive and incompetent for calling a monkey a monkey, while others tried to make us believe its really a human being!!! The less I say about this bandia firm, the better. I called Home Afrika out as a bandia firm since listing and my insider information has for the upteenth time turned out right Good call @Obiero
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Rank: Member Joined: 8/29/2008 Posts: 571
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itz wrote:obiero wrote:VituVingiSana wrote:obiero wrote:dunkang wrote:The pattern has been like this thus far! a loss making firm is being hyped by the unschooled investors.. wenye wako hapa ndani uza!!! save the pride and sell!!! Name names We were called naive and incompetent for calling a monkey a monkey, while others tried to make us believe its really a human being!!! The less I say about this bandia firm, the better. I called Home Afrika out as a bandia firm since listing and my insider information has for the upteenth time turned out right Good call @Obiero we were here when Wazuans dismissed Safaricom,Centum,Britam and others.Those who were patient and ignored wazuans,made a killing.Im looking for sh one million and then go on a buying spree.You guys sell to me.
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Rank: Member Joined: 9/26/2006 Posts: 404 Location: CENTRAL PROVINCE
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stocksmaster wrote:cnn wrote:mwekez@ji wrote:A crazy observation is that they paid PKF to value the company at KES 8.5B. Thats a price per share of a whopping 21 bob!!! ... No details given on valuation methodology!!! ... DAMN!!!... CMA is sleeping on the job for not demanding information memorandum before this counter is listed!!! I saw that and i was thinking how did they get to this....without the IM,my money stays safe. At a net income of Ksh 167.7M for 2012 and a Book Value of Ksh 8.5B (which i assume will be the basis of determination of listing price); its return on equity = net income/shareholders equity is a depressing 1.97%. Compare this with the ROE of Trans Century at 15.1% (P/B of 1.8); Centum at 18.4% (P/B of 1.0); Housing Finance at 15.0% (P/B of 1.1). At such a low ROE, which is about an eighth of its peers,i would price the share at a tenth of Ksh 21 hence a price of Ksh 2.00. The price of Ksh 2.00 would mean a P/E of 4.30 which would be comparable to HFCK (p/e 7.5); Centum (p/e 5.6), trancentury (p/e of 12) all of which have better investor returns. Based on the 2011 results which were a loss position, i think i'll stay out of this one unless their is a significant discount on the Ksh 2.00. Happy Hunting. Happy hunting.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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stocksmaster wrote:stocksmaster wrote:cnn wrote:mwekez@ji wrote:A crazy observation is that they paid PKF to value the company at KES 8.5B. Thats a price per share of a whopping 21 bob!!! ... No details given on valuation methodology!!! ... DAMN!!!... CMA is sleeping on the job for not demanding information memorandum before this counter is listed!!! I saw that and i was thinking how did they get to this....without the IM,my money stays safe. At a net income of Ksh 167.7M for 2012 and a Book Value of Ksh 8.5B (which i assume will be the basis of determination of listing price); its return on equity = net income/shareholders equity is a depressing 1.97%. Compare this with the ROE of Trans Century at 15.1% (P/B of 1.8); Centum at 18.4% (P/B of 1.0); Housing Finance at 15.0% (P/B of 1.1). At such a low ROE, which is about an eighth of its peers,i would price the share at a tenth of Ksh 21 hence a price of Ksh 2.00. The price of Ksh 2.00 would mean a P/E of 4.30 which would be comparable to HFCK (p/e 7.5); Centum (p/e 5.6), trancentury (p/e of 12) all of which have better investor returns. Based on the 2011 results which were a loss position, i think i'll stay out of this one unless their is a significant discount on the Ksh 2.00. Happy Hunting. Happy hunting. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Member Joined: 5/8/2013 Posts: 386 Location: Nyali mombasa
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Over 5m shares moved, wonder who is buying in Homeafrika
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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guru267 wrote:
My average cost for all my Home Afrika shares is currently 14.05...
Tomorrow i'll buy more at 12.15 to bring my average down to 13.35 and so on and so forth!!!
 OK. 4/- headed towards 3s. Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Member Joined: 1/2/2008 Posts: 268 Location: Nairobi
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dunkang wrote:guru267 wrote:
My average cost for all my Home Afrika shares is currently 14.05...
Tomorrow i'll buy more at 12.15 to bring my average down to 13.35 and so on and so forth!!!
OK. 4/- headed towards 3s. Now there is a perfect opportunity to bring down the average to below 10 bob
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