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Housing Finance: HFCK a diamond in the rough
Rank: Elder Joined: 6/23/2009 Posts: 13,570 Location: nairobi
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mlennyma wrote:wukan wrote:obiero wrote:mlennyma wrote:obiero wrote:obiero wrote:wale walio bado ndani ya hii gari.. chungeni mfuko!!! i will explain later The price is still way too high for this stock and with a rights issue on the way, I shall buy 100 shares at 45 or below and then wait.. Fair value ignoring all emotions is KES 32 your dream may have been fake,on release of rights news the share touched 50 today meaning everybody is willing to be part of the rights January 20.2015.. I foresaw the turmoil as guided by the exchange bar, but lust pulled me back into HF, now im down 52%, waiting for some info tomorrow upon which I will decide whether to bite the bullet or ride the bear I was pulled in by the Komarock housing scheme too much faith that Komarock heights would do well with the outer ring road but I should have scrutinized the capital structure and liquidity ratios. Tied up my capital in this value trap. I also heard another bank saying it was duped by a report to sink 400m in uchumi and wants refund so you are not alone Terrible turn of events at JBB
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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 Pay day is coming soon.  #BuyOnTheCheap #@kumikumi Pesa Nane plans to be shilingi when he grows up.
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Rank: Member Joined: 5/21/2014 Posts: 184
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wukan wrote:obiero wrote:mlennyma wrote:obiero wrote:obiero wrote:wale walio bado ndani ya hii gari.. chungeni mfuko!!! i will explain later The price is still way too high for this stock and with a rights issue on the way, I shall buy 100 shares at 45 or below and then wait.. Fair value ignoring all emotions is KES 32 your dream may have been fake,on release of rights news the share touched 50 today meaning everybody is willing to be part of the rights January 20.2015.. I foresaw the turmoil as guided by the exchange bar, but lust pulled me back into HF, now im down 52%, waiting for some info tomorrow upon which I will decide whether to bite the bullet or ride the bear I was pulled in by the Komarock housing scheme too much faith that Komarock heights would do well with the outer ring road but I should have scrutinized the capital structure and liquidity ratios. Tied up my capital in this value trap. I usually believe that in a bear market, value traps exist only in the mind. What would I do if I found myself in such a situation?.... .... I would book the loss and switch to a more promising counter immediately then be patient with your new BAE. The only cost would be the transaction cost of the switch. Assuming that I'd have actually bought into a much better counter, then I'd would be in a much better position once the market stops feeling gloomy. There are too many opportunities all around. Open your eyes and maybe you'll spot one
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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This thing will re rate once there is a clear repayment plan for the KES 7Bn bond maturing this year Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 6/23/2009 Posts: 13,570 Location: nairobi
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guru267 wrote:This thing will re rate once there is a clear repayment plan for the KES 7Bn bond maturing this year I believe so too
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 11/13/2015 Posts: 1,602
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Now this kind of thinking is exciting. Too many renters who can upgrade and also the stone age houses in the rural areas that can be upgraded. Quote:Leading mortgage financier Housing Finance plans to reduce the size of home loan for the middle and low income earners to stimulate uptake. The lender said it plans to offer mortgages at 10 per cent, which is below the market rate of 14 per cent.
The mortgage financier, which controlled about 24.3 per cent market share in 2015, yesterday said it is developing a product that will allow prospective homeowners access funding of between Sh1.5 million and Sh4 million under the preferential terms. This will be through a proposed special Sh10 billion fund in partnership with international investors. Managing director Frank Ireri said the lender has opened talks with local and international financiers. The fund, he said, will be rolled out mid next year.
“It is one of the things we are doing to help with the development of affordable housing. We are already talking to a number of impact investors to create the fund for lending to customers,” Ireri said. “The idea is to keep mortgage repayment as low as possible and closer to what the prospective customers are now paying as rent in order to convert as many rent payers as possible to homeowners.” http://www.the-star.co.k...-income-earners_c1505824
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Catch up with the latest on HF at KBC Channel 1, The Trading Bell Interview with Frank Ireri ongoing. Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 6/23/2009 Posts: 13,570 Location: nairobi
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Pesa Nane wrote:Pay day is coming soon. #BuyOnTheCheap #@kumikumi Trouble in paradise http://www.businessdaily...28354-8551vhz/index.html
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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obiero wrote:[quote=Pesa Nane] Pay day is coming soon. #BuyOnTheCheap #@kumikumi Trouble in paradise http://www.businessdaily...8354-8551vhz/index.html[/quote] @Obiero pray for those trapped inside.Sub 10bob in the offing. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 6/23/2009 Posts: 13,570 Location: nairobi
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I'm inside too, but with a negligible exposure
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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obiero wrote:I'm inside too, but with a negligible exposure If you have buddy lawyers ask them about HF business practices...This wont be the last time....they are being hit by judgements left,right and centre...Rem Captain Wafubwa's matter...more to come. possunt quia posse videntur
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Rank: Elder Joined: 6/23/2009 Posts: 13,570 Location: nairobi
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maka wrote:obiero wrote:I'm inside too, but with a negligible exposure If you have buddy lawyers ask them about HF business practices...This wont be the last time....they are being hit by judgements left,right and centre...Rem Captain Wafubwa's matter...more to come. Main problem on the court matters is that the primary commodity by extension that is sold by HF is land. And we all know what land matters in Kenya entail
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,715 Location: NAIROBI
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Housing Finance notifies watchdog of IFC 5pc acquisition http://www.businessdaily...50370-11a68jz/index.htmlWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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Another bailout. First britam, now HF. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Elder Joined: 6/23/2009 Posts: 13,570 Location: nairobi
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lochaz-index wrote:Another bailout. First britam, now HF. Bailout term has been used loosely there, very loosely
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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obiero wrote:lochaz-index wrote:Another bailout. First britam, now HF. Bailout term has been used loosely there, very loosely @ Obiero please explain what you mean by very loose use of the term bailout? John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Member Joined: 8/14/2009 Posts: 244
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Im my understanding, HF is solid but Britam, the major shareholder has a problem. That is how bailout comes in. Sell treasured asset to survive as an entity.
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Rank: Elder Joined: 6/23/2009 Posts: 13,570 Location: nairobi
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stock.enigma wrote:Im my understanding, HF is solid but Britam, the major shareholder has a problem. That is how bailout comes in. Sell treasured asset to survive as an entity. Exactly.. IFC are coming in via proxy
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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obiero wrote:stock.enigma wrote:Im my understanding, HF is solid but Britam, the major shareholder has a problem. That is how bailout comes in. Sell treasured asset to survive as an entity. Exactly.. IFC are coming in via proxy Oooh! I now get the point what you meant by loose sense. The so called IFC entry into HFCK does not affect the mortgage provider. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 6/23/2009 Posts: 13,570 Location: nairobi
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Spikes wrote:obiero wrote:stock.enigma wrote:Im my understanding, HF is solid but Britam, the major shareholder has a problem. That is how bailout comes in. Sell treasured asset to survive as an entity. Exactly.. IFC are coming in via proxy Oooh! I now get the point what you meant by loose sense. The so called IFC entry into HFCK does not affect the mortgage provider. IFC buying at KES 15.85.. Share is way too cheap at current price. Writing on the wall, buy now
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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