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Home Afrika HY15 PAT sinks into Ksh. 118Mn Abyss
Othelo
#11 Posted : Thursday, August 27, 2015 7:32:54 PM
Rank: User

Joined: 1/20/2014
Posts: 3,528
kaka2za wrote:
And these guys listed the shares @ 12/=
This is outright fraud and somebody should be in jail!

Went mpaka 25bob smile
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
sparkly
#12 Posted : Thursday, August 27, 2015 10:51:07 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Othelo wrote:
kaka2za wrote:
And these guys listed the shares @ 12/=
This is outright fraud and somebody should be in jail!

Went mpaka 25bob smile

@the deal valued it at 12 Laughing out loudly
Life is short. Live passionately.
obiero
#13 Posted : Friday, August 28, 2015 7:07:20 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,227
Location: nairobi
Othelo wrote:
kaka2za wrote:
And these guys listed the shares @ 12/=
This is outright fraud and somebody should be in jail!

Went mpaka 25bob smile

Guru is the majority shareholder owner of Home Afrika

Gatheuzi
#14 Posted : Friday, August 28, 2015 7:25:53 AM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
mwekez@ji wrote:
Total shame on this one for recording gross loss!

This is a first one to me too. One can be forgiven for reporting a net loss but just how do you sell at less than your cost! They should have just let the houses remain unsold and report them as inventories. This time round even the minorities got shafted, no profit to them too.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
Aguytrying
#15 Posted : Friday, August 28, 2015 8:51:04 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
hisah wrote:
HAFR and HFCK the proxies for real estate winds of change as the asset class cycle flips. A time is coming when it'll be long equities and short real estate.


Yet people were complaining that that the hfck building society has only 25% net return.

This company is very fishy. With all the praise that real estate gets as being a money maker, even turning a profit is a problem. I suspect the major investors left the shell to invest in the NSE when they bailed
The investor's chief problem - and even his worst enemy - is likely to be himself
mlennyma
#16 Posted : Friday, August 28, 2015 10:39:59 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
This pple are capital hungry and nobody trusts them,I won't be surprised if the recent 500m financing they got becomes un- manageable
"Don't let the fear of losing be greater than the excitement of winning."
iris
#17 Posted : Friday, August 28, 2015 11:12:17 AM
Rank: Member

Joined: 9/11/2014
Posts: 228
Location: Nairobi
Del
the deal
#18 Posted : Friday, August 28, 2015 11:18:39 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
sparkly wrote:
Othelo wrote:
kaka2za wrote:
And these guys listed the shares @ 12/=
This is outright fraud and somebody should be in jail!

Went mpaka 25bob smile

@the deal valued it at 12 Laughing out loudly

Shame on you Shame on you Laughing out loudly Laughing out loudly

1. The valuation was based on cooked financial figures...which they admitted.
2. If it wasn't for my crusade against this company...most of you would have bought at Ksh25...my sell rating was well publicised by the media.
hisah
#19 Posted : Friday, August 28, 2015 12:58:30 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Volume trades so far 2M. Vol spikes in this counter have been tanking the price since topping out in Aug 2014. It's Aug season again and this time the results as very sour. Sit tight!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
dunkang
#20 Posted : Friday, August 28, 2015 2:13:36 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
HAHAHAHA. Yaani the property market is this squeezed.
Receive with simplicity everything that happens to you.” ― Rashi

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