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Housing Finance: HFCK a diamond in the rough
Rank: Elder Joined: 7/21/2010 Posts: 6,180 Location: nairobi
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obiero wrote:obiero wrote:littledove wrote:housing finance is celebrating 50 years, should we expect something special during results anouncement? What is clear.. The share has refused to behave. It should be trading atleast sub 38 as we enter rights trading.. The master of bottoms has witnessed sub 38 today.. A drop of 34% on the rights price.. Now we enter I will try my luck on the additional shares,if I dont get to hell with it,I can pay the dowry elsewhere. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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mlennyma wrote:obiero wrote:obiero wrote:littledove wrote:housing finance is celebrating 50 years, should we expect something special during results anouncement? What is clear.. The share has refused to behave. It should be trading atleast sub 38 as we enter rights trading.. The master of bottoms has witnessed sub 38 today.. A drop of 34% on the rights price.. Now we enter I will try my luck on the additional shares,if I dont get to hell with it,I can pay the dowry elsewhere. We have a like mind here @mlennyma but hey, not on dowry ;)
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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mwekez@ji wrote:mlennyma wrote:obiero wrote:obiero wrote:littledove wrote:housing finance is celebrating 50 years, should we expect something special during results anouncement? What is clear.. The share has refused to behave. It should be trading atleast sub 38 as we enter rights trading.. The master of bottoms has witnessed sub 38 today.. A drop of 34% on the rights price.. Now we enter I will try my luck on the additional shares,if I dont get to hell with it,I can pay the dowry elsewhere. We have a like mind here @mlennyma but hey, not on dowry ;) my plan too.  . these rights are many, I'm thinking a chunk of investors may lapse some. its 50% of current holding!! The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 6/23/2009 Posts: 13,484 Location: nairobi
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a golden opportunity has arisen.. i shall pump in some funds in next few days
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 1/3/2014 Posts: 1,063
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del Consistency is better than intensity
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Rank: Veteran Joined: 1/3/2014 Posts: 1,063
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On the itrader,what does the below mean for the HFCK Rights?  Consistency is better than intensity
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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PeterReborn wrote:On the itrader,what does the below mean for the HFCK Rights? Your picture looks like market close. trading range today was between 6.05-6.90 The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Aguytrying wrote:PeterReborn wrote:On the itrader,what does the below mean for the HFCK Rights? Your picture looks like market close. trading range today was between 6.05-6.90 Indeed. That was not the picture during trading hours. Last trade was at 6.35 Monday is the last day of trading in rights so i expect the last minute bidder to drive up the price
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Rank: Elder Joined: 6/23/2009 Posts: 13,484 Location: nairobi
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PeterReborn wrote:On the itrader,what does the below mean for the HFCK Rights? Someone wants about 80,000 at 35 but seller is quoting 39
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 7/2/2014 Posts: 123
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PeterReborn wrote:On the itrader,what does the below mean for the HFCK Rights? it means hfck stocks will be a bargain than hfck-r ,
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Rank: Veteran Joined: 1/3/2014 Posts: 1,063
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obiero wrote:PeterReborn wrote:On the itrader,what does the below mean for the HFCK Rights? Someone wants about 80,000 at 35 but seller is quoting 39 Thanks.This makes sense.With the dilution of the shares what will be the price after the rights? Would you rather buy the additional rights right now @35 or wait for the rights to be included later? The share could trade at below 30 after the rights. Consistency is better than intensity
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Rank: Elder Joined: 7/21/2010 Posts: 6,180 Location: nairobi
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PeterReborn wrote:obiero wrote:PeterReborn wrote:On the itrader,what does the below mean for the HFCK Rights? Someone wants about 80,000 at 35 but seller is quoting 39 Thanks.This makes sense.With the dilution of the shares what will be the price after the rights? Would you rather buy the additional rights right now @35 or wait for the rights to be included later? The share could trade at below 30 after the rights. with britam holding almost 50% I expect limited price volatility after rights "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 6/23/2009 Posts: 13,484 Location: nairobi
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mlennyma wrote:PeterReborn wrote:obiero wrote:PeterReborn wrote:On the itrader,what does the below mean for the HFCK Rights? Someone wants about 80,000 at 35 but seller is quoting 39 Thanks.This makes sense.With the dilution of the shares what will be the price after the rights? Would you rather buy the additional rights right now @35 or wait for the rights to be included later? The share could trade at below 30 after the rights. with britam holding almost 50% I expect limited price volatility after rights Simple mathematical ratios dictate that the HFCK price should not fall below KES 38 upon success in this rights issue.. Whereby success is almost more than guaranteed
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 6/14/2010 Posts: 521 Location: Nairobi
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obiero wrote:mlennyma wrote:PeterReborn wrote:obiero wrote:PeterReborn wrote:On the itrader,what does the below mean for the HFCK Rights? Someone wants about 80,000 at 35 but seller is quoting 39 Thanks.This makes sense.With the dilution of the shares what will be the price after the rights? Would you rather buy the additional rights right now @35 or wait for the rights to be included later? The share could trade at below 30 after the rights. with britam holding almost 50% I expect limited price volatility after rights Simple mathematical ratios dictate that the HFCK price should not fall below KES 38 upon success in this rights issue.. Whereby success is almost more than guaranteed @Obiero share the simple math here.
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Rank: Elder Joined: 6/23/2009 Posts: 13,484 Location: nairobi
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The optimist wrote:obiero wrote:mlennyma wrote:PeterReborn wrote:obiero wrote:PeterReborn wrote:On the itrader,what does the below mean for the HFCK Rights? Someone wants about 80,000 at 35 but seller is quoting 39 Thanks.This makes sense.With the dilution of the shares what will be the price after the rights? Would you rather buy the additional rights right now @35 or wait for the rights to be included later? The share could trade at below 30 after the rights. with britam holding almost 50% I expect limited price volatility after rights Simple mathematical ratios dictate that the HFCK price should not fall below KES 38 upon success in this rights issue.. Whereby success is almost more than guaranteed @Obiero share the simple math here. The share ran upto KES 56.50 prior to rights announcement. This means if one had 200 shares they would be worth 11,300, when adjusted to 300 shares post-rights this equates to KES 37.6 per share..
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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obiero wrote:The optimist wrote:obiero wrote:mlennyma wrote:PeterReborn wrote:obiero wrote:PeterReborn wrote:On the itrader,what does the below mean for the HFCK Rights? Someone wants about 80,000 at 35 but seller is quoting 39 Thanks.This makes sense.With the dilution of the shares what will be the price after the rights? Would you rather buy the additional rights right now @35 or wait for the rights to be included later? The share could trade at below 30 after the rights. with britam holding almost 50% I expect limited price volatility after rights Simple mathematical ratios dictate that the HFCK price should not fall below KES 38 upon success in this rights issue.. Whereby success is almost more than guaranteed @Obiero share the simple math here. The share ran upto KES 56.50 prior to rights announcement. This means if one had 200 shares they would be worth 11,300, when adjusted to 300 shares post-rights this equates to KES 37.6 per share.. @Obiero, surely?! Do you mean the 100 extra shares are FREE???? It is NOT a BONUS, it is a RIGHTS issue @Ksh. 30 per share. Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 6/23/2009 Posts: 13,484 Location: nairobi
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Pesa Nane wrote:obiero wrote:The optimist wrote:obiero wrote:mlennyma wrote:PeterReborn wrote:obiero wrote:PeterReborn wrote:On the itrader,what does the below mean for the HFCK Rights? Someone wants about 80,000 at 35 but seller is quoting 39 Thanks.This makes sense.With the dilution of the shares what will be the price after the rights? Would you rather buy the additional rights right now @35 or wait for the rights to be included later? The share could trade at below 30 after the rights. with britam holding almost 50% I expect limited price volatility after rights Simple mathematical ratios dictate that the HFCK price should not fall below KES 38 upon success in this rights issue.. Whereby success is almost more than guaranteed @Obiero share the simple math here. The share ran upto KES 56.50 prior to rights announcement. This means if one had 200 shares they would be worth 11,300, when adjusted to 300 shares post-rights this equates to KES 37.6 per share.. @Obiero, surely?! Do you mean the 100 extra shares are FREE???? It is NOT a BONUS, it is a RIGHTS issue @Ksh. 30 per share. My good friend. It is an assumption/adjustment :)
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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the current hfck share price of 38-40 has already factored in the post rights shares. so going below 38 is note likely. however the increased liquidity if in favour of selling could push it below 38. 30.00 is highly unlikely unless we have a market crash. if current market valuations persist we won't see 30.00 soon. but please note, the share is fairly priced in at 30.00. anything above that is a bonus @obiero. you had said hfck won't go above 30.00 and now are happily buying at equivalent of >50.00. usijali, just don't start shouting from outside the bus next time u alight The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 6/23/2009 Posts: 13,484 Location: nairobi
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Aguytrying wrote:the current hfck share price of 38-40 has already factored in the post rights shares. so going below 38 is note likely. however the increased liquidity if in favour of selling could push it below 38. 30.00 is highly unlikely unless we have a market crash. if current market valuations persist we won't see 30.00 soon. but please note, the share is fairly priced in at 30.00. anything above that is a bonus
@obiero. you had said hfck won't go above 30.00 and now are happily buying at equivalent of >50.00. usijali, just don't start shouting from outside the bus next time u alight @aguy manze I thought nimefika stage yangu lakini nikarealise I was meant to alight further ahead. makanga ameitisha more fare and I just have to comply.. makosa ilifanyika :)
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 7/3/2014 Posts: 245
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mwekez@ji wrote:Aguytrying wrote:PeterReborn wrote:On the itrader,what does the below mean for the HFCK Rights? Your picture looks like market close. trading range today was between 6.05-6.90 Indeed. That was not the picture during trading hours. Last trade was at 6.35 Monday is the last day of trading in rights so i expect the last minute bidder to drive up the price bus has left the station @8.8 ask then i logged off to come back and find trades happened at 5.10 in trading injury time. In the world of securities, courage and patience become the supreme virtues after adequate knowledge and a tested judgment are at hand.
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