wilyum In March 2014 wrote:off the hook abit, i got this colleague of mine who believes in this company and sees it as perfect model to follow, told him to through this thread and this is what he had to say.
Quote:
Quite a concern how the share price dropped so much…
Just thinking Home Afrika was the first company in the building Industry to get to the NSE. What this means is that it could have been misevaluated.
The bloggers here I don’t think really understand what the financial statement say..because they actually defend Home Afrika that is getting more efficient in its operations as indicated by the decline in Cost of Sales despite increase in Turnover…
In addition for Financial statement Analysis the what data do they have….
The guy also talks about the book value….Hope they mean Book Value of Equity per share. This value seeks to show the final claim by shareholders for each share. Standing on it’s own doesn’t say too much.
On this claim
The fact that Home Africa is a listed firm means that they file audited financial statements with the CMA – Capital Markets Authority….so who is the right person to ask really…..I think on the fly of it I find it quite baseless
My conclusion FINANCE LIKE IT is not a NO BRAINER
So, @Wilyum, did you listen to you "genius" colleague or the "illiterate" wazuanas?
If you listened to your "genius" colleague, how are you fairing financially now on HomeAfrika?
Understanding a financial statement is not rocket science for anyone with a college diploma, let alone a university degree.
I task you to ask your "genius" colleague what his/her thoughts are now.
HomeAfrika management is full of cons. And that is proof enough why to KEEP OFF. Just ask any of their employees, contractors and/or consultants.
Receive with simplicity everything that happens to you.” ― Rashi