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Home Afrika Listing at NSE!
Rank: Elder Joined: 7/11/2010 Posts: 5,040
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I have an issue with their share structure. There are ordinary shares and there are preference shares. In 2013 FY. The profit attributable to owners of the company was around 19M kshs. While profit attributable to non controlling interst was around 60M kshs. Is this a cause for concern. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Member Joined: 1/15/2010 Posts: 625
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sparkly wrote:Still speculative.
Buy for the following speculative reasons:
1. Fair value around 2 therefore dowside is around 50%
2. Company is listed , has access to capuital markets hence can get money to grow sharehplder wealth
3. Loosely held shareholding, easy to buy and get a controlling stake longterm
4. First listed Real Estatedeveloper in kenya
Why not to buy:
1. Still overvalued probability of losses very real
2. Management has competing interests
3. Forget dividends and bonuses You're better off buying Centum if you want a real estate player. HomeAfrika's main problem is that they came in with an inflated cost per share to begin with. So you're already paying a premium to get in. Centum is doing Two Rivers, Pearl Marina, maybe Rea Vipingo if they get what they are after and has a well diversified portfolio not just real estate. And they have a net asset value per share that is close to the stock price.
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Rank: Member Joined: 5/8/2013 Posts: 386 Location: Nyali mombasa
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 8 years is if the share does not pick but should it fo back to around. 8/- am definitely selling, I am a long term freak and I have made a killing before eg with safaricom my broker thought I was bonkers to sink 2.5m at 2.5/- then, just cashed in last week whiteowl wrote:dunkang wrote:Kihara joni wrote:And now my friends I would like to announce my grand entry in this ship
I will gradually buy from 3.9/- if it goes further down I will average down to even 1/- bob, if it goes up it all for the wins, my timeline is 8 years, order placed today at 3.9/- for 10k pieces That's around 40,000/- for 8 years.  And were you one of the guys complaining about a 120/- dividend cheque? #JustAsking And that's assuming it will be posting profits n generous with dividends
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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mv_ufanisi wrote:sparkly wrote:Still speculative.
Buy for the following speculative reasons:
1. Fair value around 2 therefore dowside is around 50%
2. Company is listed , has access to capuital markets hence can get money to grow sharehplder wealth
3. Loosely held shareholding, easy to buy and get a controlling stake longterm
4. First listed Real Estatedeveloper in kenya
Why not to buy:
1. Still overvalued probability of losses very real
2. Management has competing interests
3. Forget dividends and bonuses You're better off buying Centum if you want a real estate player. HomeAfrika's main problem is that they came in with an inflated cost per share to begin with. So you're already paying a premium to get in. Centum is doing Two Rivers, Pearl Marina, maybe Rea Vipingo if they get what they are after and has a well diversified portfolio not just real estate. And they have a net asset value per share that is close to the stock price. Bought and sold... Bought at 15-17, completely cashed out at 37. Life is short. Live passionately.
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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sparkly wrote:mv_ufanisi wrote:sparkly wrote:Still speculative.
Buy for the following speculative reasons:
1. Fair value around 2 therefore dowside is around 50%
2. Company is listed , has access to capuital markets hence can get money to grow sharehplder wealth
3. Loosely held shareholding, easy to buy and get a controlling stake longterm
4. First listed Real Estatedeveloper in kenya
Why not to buy:
1. Still overvalued probability of losses very real
2. Management has competing interests
3. Forget dividends and bonuses You're better off buying Centum if you want a real estate player. HomeAfrika's main problem is that they came in with an inflated cost per share to begin with. So you're already paying a premium to get in. Centum is doing Two Rivers, Pearl Marina, maybe Rea Vipingo if they get what they are after and has a well diversified portfolio not just real estate. And they have a net asset value per share that is close to the stock price. Bought and sold... Bought at 15-17, completely cashed out at 37. If it falls to 0.40 ,I'm buying in big! That way,I'll have an upside of 150% when it gets back to fair value of 1/= but then again that would be very close to ground zero
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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whiteowl wrote:sparkly wrote:mv_ufanisi wrote:sparkly wrote:Still speculative.
Buy for the following speculative reasons:
1. Fair value around 2 therefore dowside is around 50%
2. Company is listed , has access to capuital markets hence can get money to grow sharehplder wealth
3. Loosely held shareholding, easy to buy and get a controlling stake longterm
4. First listed Real Estatedeveloper in kenya
Why not to buy:
1. Still overvalued probability of losses very real
2. Management has competing interests
3. Forget dividends and bonuses You're better off buying Centum if you want a real estate player. HomeAfrika's main problem is that they came in with an inflated cost per share to begin with. So you're already paying a premium to get in. Centum is doing Two Rivers, Pearl Marina, maybe Rea Vipingo if they get what they are after and has a well diversified portfolio not just real estate. And they have a net asset value per share that is close to the stock price. Bought and sold... Bought at 15-17, completely cashed out at 37. If it falls to 0.40 ,I'm buying in big! That way,I'll have an upside of 150% when it gets back to fair value of 1/= but then again that would be very close to ground zero If it reaches 0.40, are you sure you'll buy?? The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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Aguytrying wrote:whiteowl wrote:sparkly wrote:mv_ufanisi wrote:sparkly wrote:Still speculative.
Buy for the following speculative reasons:
1. Fair value around 2 therefore dowside is around 50%
2. Company is listed , has access to capuital markets hence can get money to grow sharehplder wealth
3. Loosely held shareholding, easy to buy and get a controlling stake longterm
4. First listed Real Estatedeveloper in kenya
Why not to buy:
1. Still overvalued probability of losses very real
2. Management has competing interests
3. Forget dividends and bonuses You're better off buying Centum if you want a real estate player. HomeAfrika's main problem is that they came in with an inflated cost per share to begin with. So you're already paying a premium to get in. Centum is doing Two Rivers, Pearl Marina, maybe Rea Vipingo if they get what they are after and has a well diversified portfolio not just real estate. And they have a net asset value per share that is close to the stock price. Bought and sold... Bought at 15-17, completely cashed out at 37. If it falls to 0.40 ,I'm buying in big! That way,I'll have an upside of 150% when it gets back to fair value of 1/= but then again that would be very close to ground zero If it reaches 0.40, are you sure you'll buy?? Damn sure I'll buy
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Rank: Veteran Joined: 7/1/2014 Posts: 927 Location: sky
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whiteowl wrote:Aguytrying wrote:whiteowl wrote:sparkly wrote:mv_ufanisi wrote:sparkly wrote:Still speculative.
Buy for the following speculative reasons:
1. Fair value around 2 therefore dowside is around 50%
2. Company is listed , has access to capuital markets hence can get money to grow sharehplder wealth
3. Loosely held shareholding, easy to buy and get a controlling stake longterm
4. First listed Real Estatedeveloper in kenya
Why not to buy:
1. Still overvalued probability of losses very real
2. Management has competing interests
3. Forget dividends and bonuses You're better off buying Centum if you want a real estate player. HomeAfrika's main problem is that they came in with an inflated cost per share to begin with. So you're already paying a premium to get in. Centum is doing Two Rivers, Pearl Marina, maybe Rea Vipingo if they get what they are after and has a well diversified portfolio not just real estate. And they have a net asset value per share that is close to the stock price. Bought and sold... Bought at 15-17, completely cashed out at 37. If it falls to 0.40 ,I'm buying in big! That way,I'll have an upside of 150% when it gets back to fair value of 1/= but then again that would be very close to ground zero If it reaches 0.40, are you sure you'll buy?? Damn sure I'll buy There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Rank: Elder Joined: 9/23/2010 Posts: 2,225 Location: Sundowner,Amboseli
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This counter just sounds like Home Baking flour. @SufficientlyP
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Rank: Elder Joined: 6/2/2011 Posts: 4,824 Location: -1.2107, 36.8831
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Sufficiently Philanga....thropic wrote:This counter just sounds like Home Baking flour. And why isn't it behaving like one, expanding under heat? Receive with simplicity everything that happens to you.” ― Rashi
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