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Stocks to BUY by yaserbigchair
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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VituVingiSana wrote:HFCK will be fine. It's not TCL.
HFCK can always pay off the bond by raising fresh cash, retaining earnings AND it can always raise a new bond. The challenge is that elections makes it harder (more expensive) to raise funds in an election year. If the elections go smoothly [no PEV] then I expect HF can raise another bond as folks will want to move from cash to investments. Personally I will NEVER buy a corporate bond in this country let me stick to IFBs and the other FXDs possunt quia posse videntur
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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mkate_nusu wrote:Pesa Nane wrote:Take Aways: The Story of HFCK Bond FACT 1: Approved Amount Ksh. 10Bn FACT 2: Issued Amount FXD (HFCK) 2010/7YR - Ksh. 5,864,400,000.00 only FR (HFCK) 2010/7YR - Ksh. 1,166,500,000.00 only FXD (HFCK) 02/2012/7YR - Ksh. 2,969,100,000.00 only FACT 3: FXD (HFCK) 02/2012/7YR - Ksh. 2,969,100,000.00 Tenor: 7 years Maturity: 02 OCTOBER 2017FACT 4: FR (HFCK) 2010/7YR - Ksh. 1,166,500,000.00 Tenor: 7 years Maturity: 02 OCTOBER 2017FACT 5: FXD (HFCK) 2010/7YR - Ksh. 5,864,400,000.00 (2nd Tranche) Tenor: 7 years Maturity: 02 OCTOBER 2019FACT 6: HFCK is holding (as at June 2016) Ksh. 3.7 Billion of Govt securities being "a sinking fund towards liquidation of the first tranche of its corporate bond expected in October 2017" See HY resultsFigures: CMA Bulletin Pesa 8 as from the above approximately 7 billion is due next year. The govt paper will pay for half of the first tranche and the other half is what I expect to be converted to equity. Looking at their cash equivalents as at HY 16 and their current liquidity ratio slightly 1 % above the minimum requirement of 20 % I don't expect them to meet the payment in full. Where will the money come from if not converting to equity and diluting existing shareholders? My guess is by converting housing inventory into sales. Who has the full Accounts... what are the inventories held by Kenya Building Society (Housing Finance Development) Life is short. Live passionately.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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mkate_nusu wrote:Pesa Nane wrote:Take Aways: The Story of HFCK Bond FACT 1: Approved Amount Ksh. 10Bn FACT 2: Issued Amount FXD (HFCK) 2010/7YR - Ksh. 5,864,400,000.00 only FR (HFCK) 2010/7YR - Ksh. 1,166,500,000.00 only FXD (HFCK) 02/2012/7YR - Ksh. 2,969,100,000.00 only FACT 3: FXD (HFCK) 02/2012/7YR - Ksh. 2,969,100,000.00 (2nd tranche) Tenor: 7 years Maturity: 02 OCTOBER 2019FACT 4: FR (HFCK) 2010/7YR - Ksh. 1,166,500,000.00 Tenor: 7 years Maturity: 02 OCTOBER 2017FACT 5: FXD (HFCK) 2010/7YR - Ksh. 5,864,400,000.00 Tenor: 7 years Maturity: 02 OCTOBER 2017FACT 6: HFCK is holding (as at June 2016) Ksh. 3.7 Billion of Govt securities being "a sinking fund towards liquidation of the first tranche of its corporate bond expected in October 2017" See HY resultsFigures: CMA Bulletin Pesa 8 as from the above approximately 7 billion is due next year. The govt paper will pay for half of the first tranche and the other half is what I expect to be converted to equity. Looking at their cash equivalents as at HY 16 and their current liquidity ratio slightly 1 % above the minimum requirement of 20 % I don't expect them to meet the payment in full. Where will the money come from if not converting to equity and diluting existing shareholders? VituVingiSana wrote:HFCK will be fine. It's not TCL.
HFCK can always pay off the bond by raising fresh cash, retaining earnings AND it can always raise a new bond. The challenge is that elections makes it harder (more expensive) to raise funds in an election year. If the elections go smoothly [no PEV] then I expect HF can raise another bond as folks will want to move from cash to investments. sparkly wrote:... by converting housing inventory into sales. @mkate_nusu, HF liquidity Ratio is 21.77% (forget about the 1%) How much cash is HF sitting on? Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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@wazua, @Admin, migrate this conversation to the HF HY16 thread Pesa Nane plans to be shilingi when he grows up.
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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mkate_nusu wrote:Pesa Nane wrote:Take Aways: The Story of HFCK Bond FACT 1: Approved Amount Ksh. 10Bn FACT 2: Issued Amount FXD (HFCK) 2010/7YR - Ksh. 5,864,400,000.00 only FR (HFCK) 2010/7YR - Ksh. 1,166,500,000.00 only FXD (HFCK) 02/2012/7YR - Ksh. 2,969,100,000.00 only FACT 3: FXD (HFCK) 02/2012/7YR - Ksh. 2,969,100,000.00 Tenor: 7 years Maturity: 02 OCTOBER 2017FACT 4: FR (HFCK) 2010/7YR - Ksh. 1,166,500,000.00 Tenor: 7 years Maturity: 02 OCTOBER 2017FACT 5: FXD (HFCK) 2010/7YR - Ksh. 5,864,400,000.00 (2nd Tranche) Tenor: 7 years Maturity: 02 OCTOBER 2019FACT 6: HFCK is holding (as at June 2016) Ksh. 3.7 Billion of Govt securities being "a sinking fund towards liquidation of the first tranche of its corporate bond expected in October 2017" See HY resultsFigures: CMA Bulletin Pesa 8 as from the above approximately 7 billion is due next year. The govt paper will pay for half of the first tranche and the other half is what I expect to be converted to equity. Looking at their cash equivalents as at HY 16 and their current liquidity ratio slightly 1 % above the minimum requirement of 20 % I don't expect them to meet the payment in full. Where will the money come from if not converting to equity and diluting existing shareholders? @mkatenusu 4.1B is what is due next year, balance of 5.9B is due in 2019. 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.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Gatheuzi wrote:mkate_nusu wrote:Pesa Nane wrote:Take Aways: The Story of HFCK Bond FACT 1: Approved Amount Ksh. 10Bn FACT 2: Issued Amount FXD (HFCK) 2010/7YR - Ksh. 5,864,400,000.00 only FR (HFCK) 2010/7YR - Ksh. 1,166,500,000.00 only FXD (HFCK) 02/2012/7YR - Ksh. 2,969,100,000.00 only FACT 3: FXD (HFCK) 02/2012/7YR - Ksh. 2,969,100,000.00 (2nd tranche) Tenor: 7 years Maturity: 02 OCTOBER 2019FACT 4: FR (HFCK) 2010/7YR - Ksh. 1,166,500,000.00 Tenor: 7 years Maturity: 02 OCTOBER 2017FACT 5: FXD (HFCK) 2010/7YR - Ksh. 5,864,400,000.00 Tenor: 7 years Maturity: 02 OCTOBER 2017FACT 6: HFCK is holding (as at June 2016) Ksh. 3.7 Billion of Govt securities being "a sinking fund towards liquidation of the first tranche of its corporate bond expected in October 2017" See HY resultsFigures: CMA Bulletin Pesa 8 as from the above approximately 7 billion is due next year. The govt paper will pay for half of the first tranche and the other half is what I expect to be converted to equity. Looking at their cash equivalents as at HY 16 and their current liquidity ratio slightly 1 % above the minimum requirement of 20 % I don't expect them to meet the payment in full. Where will the money come from if not converting to equity and diluting existing shareholders? @mkatenusu 4.1B is what is due next year, balance of 5.9B is due in 2019. Apologies, the typo was mine. Edited. Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Gatheuzi wrote:mkate_nusu wrote:Pesa Nane wrote:Take Aways: The Story of HFCK Bond FACT 1: Approved Amount Ksh. 10Bn FACT 2: Issued Amount FXD (HFCK) 2010/7YR - Ksh. 5,864,400,000.00 only FR (HFCK) 2010/7YR - Ksh. 1,166,500,000.00 only FXD (HFCK) 02/2012/7YR - Ksh. 2,969,100,000.00 only FACT 3: FXD (HFCK) 02/2012/7YR - Ksh. 2,969,100,000.00 (2nd tranche) Tenor: 7 years Maturity: 02 OCTOBER 2019FACT 4: FR (HFCK) 2010/7YR - Ksh. 1,166,500,000.00 Tenor: 7 years Maturity: 02 OCTOBER 2017FACT 5: FXD (HFCK) 2010/7YR - Ksh. 5,864,400,000.00 Tenor: 7 years Maturity: 02 OCTOBER 2017FACT 6: HFCK is holding (as at June 2016) Ksh. 3.7 Billion of Govt securities being "a sinking fund towards liquidation of the first tranche of its corporate bond expected in October 2017" See HY resultsFigures: CMA Bulletin Pesa 8 as from the above approximately 7 billion is due next year. The govt paper will pay for half of the first tranche and the other half is what I expect to be converted to equity. Looking at their cash equivalents as at HY 16 and their current liquidity ratio slightly 1 % above the minimum requirement of 20 % I don't expect them to meet the payment in full. Where will the money come from if not converting to equity and diluting existing shareholders? @mkatenusu 4.1B is what is due next year, balance of 5.9B is due in 2019. Apologies, the typo was mine. Edited. Pesa Nane plans to be shilingi when he grows up.
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Rank: Veteran Joined: 4/4/2016 Posts: 1,996 Location: Kitale
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They failed to pay interim dividend.That showed they were beggining to feel the weight of bond repayment. Towards the goal of financial freedom
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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Pesa Nane wrote:Gatheuzi wrote:mkate_nusu wrote:Pesa Nane wrote:Take Aways: The Story of HFCK Bond FACT 1: Approved Amount Ksh. 10Bn FACT 2: Issued Amount FXD (HFCK) 2010/7YR - Ksh. 5,864,400,000.00 only FR (HFCK) 2010/7YR - Ksh. 1,166,500,000.00 only FXD (HFCK) 02/2012/7YR - Ksh. 2,969,100,000.00 only FACT 3: FXD (HFCK) 02/2012/7YR - Ksh. 2,969,100,000.00 (2nd tranche) Tenor: 7 years Maturity: 02 OCTOBER 2019FACT 4: FR (HFCK) 2010/7YR - Ksh. 1,166,500,000.00 Tenor: 7 years Maturity: 02 OCTOBER 2017FACT 5: FXD (HFCK) 2010/7YR - Ksh. 5,864,400,000.00 Tenor: 7 years Maturity: 02 OCTOBER 2017FACT 6: HFCK is holding (as at June 2016) Ksh. 3.7 Billion of Govt securities being "a sinking fund towards liquidation of the first tranche of its corporate bond expected in October 2017" See HY resultsFigures: CMA Bulletin Pesa 8 as from the above approximately 7 billion is due next year. The govt paper will pay for half of the first tranche and the other half is what I expect to be converted to equity. Looking at their cash equivalents as at HY 16 and their current liquidity ratio slightly 1 % above the minimum requirement of 20 % I don't expect them to meet the payment in full. Where will the money come from if not converting to equity and diluting existing shareholders? @mkatenusu 4.1B is what is due next year, balance of 5.9B is due in 2019. Apologies, the typo was mine. Edited. Thanks @pesanane. In that case they need to come up with a plan of how to fill the financing gap of over 3B by next year. 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.
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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Metasploit wrote:mkate_nusu wrote:[quote=Metasploit]SAFARICOM
KENOL KOBIL
SCAN GROUP
KE RE
CIC
SAFCOM:Breakout at 20.50 (Real bidding volume has started today after the pullback-Has been having negligible foreign sales during the pullback..individual sales has been on volumes less than 100,000)
Kenol kobil is finally draining supply at 11.50-12 ( A multi year resistance==On the watch list
SCAN Group=Has seen large volume traded at 15 with price failing to go below 15 ( On watch ist)
CIC=Seems to have floored at 4.00 (On watch list) SCAN group volumes are distribution and the stock is overvalued so you can fill in the blanks for yourself with the bear Exchanged 2,951,200 shares at KES 16.20 (around 10% from KES 15. Distribution volumes when most stocks are at their multi year low ?? wazua has always been my crowd meter
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Member Joined: 5/30/2016 Posts: 332 Location: Kayole
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Metasploit wrote:Metasploit wrote:mkate_nusu wrote:[quote=Metasploit]SAFARICOM
KENOL KOBIL
SCAN GROUP
KE RE
CIC
SAFCOM:Breakout at 20.50 (Real bidding volume has started today after the pullback-Has been having negligible foreign sales during the pullback..individual sales has been on volumes less than 100,000)
Kenol kobil is finally draining supply at 11.50-12 ( A multi year resistance==On the watch list
SCAN Group=Has seen large volume traded at 15 with price failing to go below 15 ( On watch ist)
CIC=Seems to have floored at 4.00 (On watch list) SCAN group volumes are distribution and the stock is overvalued so you can fill in the blanks for yourself with the bear Exchanged 2,951,200 shares at KES 16.20 (around 10% from KES 15. Distribution volumes when most stocks are at their multi year low ?? wazua has always been my crowd meter let's compare notes in one year mheshimiwa KEGN, KPLC, KQ, SCOM
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Stocks to BUY by yaserbigchair
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