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HFCK HY 16
Pesa Nane
#41 Posted : Friday, August 12, 2016 8:49:48 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
mlennyma wrote:
obiero wrote:
obiero wrote:
[quote=Othelo]
The stock is down today by almost 4% despite posting 'improved' profits of over 27%.. Wazua never lies

I will not be shocked to see KES 15

it might settle at 12


All investor got bear flu. @23 they wish 20, @20 they wish 19, then 17, then 15, now 12 and much later 10, 8, 5, and @impunity's sub 2 bob smile

* Just know that Komarock 5A brought in almost 2Bn. A billion+ is expected from Komarock 5B that is complete, sold and occupied.

* K-Mall (formerly suncity mall) is complete and decent rents are expected (Aga Khan Hospital already moved in and operational, Tuskys booked and doing final touches, New HF Bank branch operational..)
Komarock 5C phase 1, all structures are complete awaiting finish

* Good numbers on HY16 despite capital costs of opening 6 new branches in the six month period

Pesa Nane plans to be shilingi when he grows up.
Angelica _ann
#42 Posted : Friday, August 12, 2016 8:57:21 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Which developments are complete but not fully sold? Saidieni tafadhali yawa
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Pesa Nane
#43 Posted : Friday, August 12, 2016 9:43:41 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Angelica _ann wrote:
Which developments are complete but not fully sold? Saidieni tafadhali yawa

Komarock 5A - Fully Sold
Komarock 5B - Very few units remaining
Komarock 5C - Now selling (Total 1,272 units + school)
K-Mall - Now letting (at Ksh 150 Per Sq.Ft)
Precious Heights - Now Selling
Kahawa Downs - Now Selling

k-mall



Pesa Nane plans to be shilingi when he grows up.
mkate_nusu
#44 Posted : Saturday, August 13, 2016 12:03:15 AM
Rank: Member

Joined: 5/30/2016
Posts: 332
Location: Kayole
Ebenyo wrote:
obiero wrote:
[quote=obiero][quote=Othelo][quote=obiero][quote=lochaz-index][quote=obiero][quote=littledove]Housing Finance half year 2016 Net Profits up 27 Per Cent to KES 612.6M from KSh 485.1 million reported in the same period in 2015
Earnings per Share increased by 26% to KSh 3.51 compared to KSh 2.79 reported over a similar period in 2015

no interim divided this year? or they forgot announcing


They need to save kshs 10 bilion to give back to the bondholders as maturity is next year.Trans- century failed to pay its bondholders when the bond matured.It was then converted to equity.Hope HFCK will not follow suit.Maybe traders have factored this in mind and thats why the price have dipped.

That bond repayment will partly be done by converting to equity. How much cash reserves are they sitting of as of latest financial reports? do they even make enough profit to pay it back? watching this drama as it unfolds from a distance. case study TCL
KEGN, KPLC, KQ, SCOM
Ebenyo
#45 Posted : Saturday, August 13, 2016 8:17:46 AM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
mkate_nusu wrote:
Ebenyo wrote:
obiero wrote:
[quote=obiero][quote=Othelo][quote=obiero][quote=lochaz-index][quote=obiero][quote=littledove]Housing Finance half year 2016 Net Profits up 27 Per Cent to KES 612.6M from KSh 485.1 million reported in the same period in 2015
Earnings per Share increased by 26% to KSh 3.51 compared to KSh 2.79 reported over a similar period in 2015

no interim divided this year? or they forgot announcing


They need to save kshs 10 bilion to give back to the bondholders as maturity is next year.Trans- century failed to pay its bondholders when the bond matured.It was then converted to equity.Hope HFCK will not follow suit.Maybe traders have factored this in mind and thats why the price have dipped.

That bond repayment will partly be done by converting to equity. How much cash reserves are they sitting of as of latest financial reports? do they even make enough profit to pay it back? watching this drama as it unfolds from a distance. case study TCL


Unfortunately i missed to get my copies of both fy 15 results and hy 16 results.Pesa nane may help us by uploading the original copies and not the abridged results.
This could be interesting.They wont be able to pay the bondholders in full? This means another TCL fiasco? It seems the real estate venture is a guagmire for many companies.Home afrika,Stanlib fahari,Fusion D reit and now hfck.Whats wrong with real estate? isnt it supposed to be lucrative? ama wakenya ni watu wa maploti?
Towards the goal of financial freedom
Plimsoul
#46 Posted : Saturday, August 13, 2016 5:23:28 PM
Rank: Member

Joined: 3/3/2016
Posts: 132
Remember the time Equity sold 25% of HFCK at 42 shillings per share to Britam?

http://www.nation.co.ke/...264-14tppdcz/index.html

Well done Equity.

Could buy a lot more than 50% of the company now with that same amount.
Jon Jones
#47 Posted : Sunday, August 14, 2016 10:42:29 AM
Rank: Member

Joined: 9/11/2015
Posts: 245
Location: Thika
Plimsoul wrote:
Remember the time Equity sold 25% of HFCK at 42 shillings per share to Britam?

http://www.nation.co.ke/...264-14tppdcz/index.html

Well done Equity.

Could buy a lot more than 50% of the company now with that same amount.

Only in theory. Nobody would sell such a large chunk at that the current price. There would be no seller.
Since men have learned to shoot without missing, I have learned to fly without perching
muandiwambeu
#48 Posted : Sunday, August 14, 2016 5:57:54 PM
Rank: Veteran

Joined: 8/28/2015
Posts: 1,247
Jon Jones wrote:
Plimsoul wrote:
Remember the time Equity sold 25% of HFCK at 42 shillings per share to Britam?

http://www.nation.co.ke/...264-14tppdcz/index.html

Well done Equity.

Could buy a lot more than 50% of the company now with that same amount.

Only in theory. Nobody would sell such a large chunk at that the current price. There would be no seller.

historical costs are just sunk costs. they have no significant importance to britams decision to sell or hold Hfck onwards. and @ piece at 42/= adds no dimension to future pricing of this stock by Mr market. tulia usome. @20 we had no legal issues, now interest capping laws have to the ears and not eyes. here comes the shark.smile
,Behold, a sower went forth to sow;....
instinct
#49 Posted : Sunday, August 14, 2016 7:56:32 PM
Rank: Member

Joined: 8/17/2007
Posts: 294
Pesa Nane wrote:
Angelica _ann wrote:
Which developments are complete but not fully sold? Saidieni tafadhali yawa

Komarock 5A - Fully Sold
Komarock 5B - Very few units remaining
Komarock 5C - Now selling (Total 1,272 units + school)
K-Mall - Now letting (at Ksh 150 Per Sq.Ft)
Precious Heights - Now Selling
Kahawa Downs - Now Selling

k-mall





But where is the money surely? having sold all that. and that 'mall' looks empty ๐Ÿ˜ƒ they're the only tenant?
ngapat
#50 Posted : Monday, August 15, 2016 9:52:19 AM
Rank: Veteran

Joined: 12/11/2006
Posts: 930
instinct wrote:
Pesa Nane wrote:
Angelica _ann wrote:
Which developments are complete but not fully sold? Saidieni tafadhali yawa

Komarock 5A - Fully Sold
Komarock 5B - Very few units remaining
Komarock 5C - Now selling (Total 1,272 units + school)
K-Mall - Now letting (at Ksh 150 Per Sq.Ft)
Precious Heights - Now Selling
Kahawa Downs - Now Selling

k-mall





But where is the money surely? having sold all that. and that 'mall' looks empty ๐Ÿ˜ƒ they're the only tenant?

could ireri be ' eating' our money.
โ€œInvest in yourself. Your career is the engine of your wealth.โ€
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