wazua Wed, Mar 25, 2026
Welcome Guest Search | Active Topics | Log In

3 Pages123>
Runda house owner gets order to recover Sh726m from HF
Options
Previous Topic · Next Topic
VituVingiSana
#1 Posted : Wednesday, June 17, 2015 12:17:05 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,353
Location: Nairobi
http://www.businessdaily.../-/qkt6hfz/-/index.html

A Nairobi businesswoman has obtained court orders attaching mortgage lender Housing Finance’s property to recover a Sh722 million compensation that the High Court awarded her in 2009.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  |
innairobi
#2 Posted : Wednesday, June 17, 2015 1:28:04 AM
Rank: Member

Joined: 9/2/2010
Posts: 845
Wawawawawa. 26% interest? Thaai ngai thaai.

Is this something HF have been disclosing in their annual reports?
All my friends are heathens, take it slow. Wait for them to ask you who you know. Please don't make any sudden moves.
Back to top
  |
hisah
#3 Posted : Wednesday, June 17, 2015 1:45:56 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Did Equity cash out of HF? Yes. Then britam bought Equity's stake...

This game of musical chairs is becoming excellent drama than I expected.

Golden handcuffs saga continues... Sept 2014 is when the thunder struck!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top
  | | Edit by user: Wednesday, June 17, 2015 1:47 AM | Reason: Not specified
Aguytrying
#4 Posted : Wednesday, June 17, 2015 8:49:37 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
This is truly shocking and a big blow to HFCK. that amount is equivalent to 3 quarters of profits. Britam and now HFCK. seem to have a lot of 'bad luck' befalling them.
I'm left to wonder if we've seen everything
The investor's chief problem - and even his worst enemy - is likely to be himself
Back to top
  |
hisah
#5 Posted : Wednesday, June 17, 2015 4:09:01 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
When is HF issuing a PR statement on this issue? This is material information that needs clarification. Ama CMA na NSE as usual are snoozing in the office. CBK anyone? Sad
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top
  |
MaichBlack
#6 Posted : Wednesday, June 17, 2015 5:37:59 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,848
hisah wrote:
When is HF issuing a PR statement on this issue? This is material information that needs clarification. Ama CMA na NSE as usual are snoozing in the office. CBK anyone? Sad

And funny enough the market feels nothing!!! I expected the stock to be battered today but it never happened!

But as you are saying, they need to respond and respond swiftly!!! Customers need to be reassured. Investors need to be reassured.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
Back to top
  |
mwekez@ji
#7 Posted : Wednesday, June 17, 2015 5:43:07 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Taking this with a pinch of salt. BD have a way of misreporting
Back to top
  |
Othelo
#8 Posted : Wednesday, June 17, 2015 5:59:18 PM
Rank: User

Joined: 1/20/2014
Posts: 3,528
mwekez@ji wrote:
Taking this with a pinch of salt. BD have a way of misreporting

Yes, those figures dont look real hata kama.
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
Back to top
  |
hisah
#9 Posted : Wednesday, June 17, 2015 6:10:04 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Othelo wrote:
mwekez@ji wrote:
Taking this with a pinch of salt. BD have a way of misreporting

Yes, those figures dont look real hata kama.

Yes the figures are quite bizarre and that math doesn't add up. That's why I expected HF to respond if at all they have a functioning PR desk... Silence means?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top
  |
lochaz-index
#10 Posted : Wednesday, June 17, 2015 6:52:26 PM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
hisah wrote:
Othelo wrote:
mwekez@ji wrote:
Taking this with a pinch of salt. BD have a way of misreporting

Yes, those figures dont look real hata kama.

Yes the figures are quite bizarre and that math doesn't add up. That's why I expected HF to respond if at all they have a functioning PR desk... Silence means?


The figures only make sense if the 20m initial award is assumed to have been the right value back in the year 2000 when it was auctioned and the subsequent court interest rate of 26% applied on it for 15years to date plus compounded incidental costs. Otherwise the reporter must have goofed somewhere.
The main purpose of the stock market is to make fools of as many people as possible.
Back to top
  |
3 Pages123>
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.